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Archive for November 17th, 2007OPEC summit starts with 200-dollar oil warningPosted by UK Economy News
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17Nov 07 OPEC leaders began a summit on Saturday with Venezuelan President Hugo Chavez issuing a chilling warning about oil prices in a speech that also urged the group to be actively involved in foreign policy.
Read full story Divided OPEC meets for rare summitPosted by UK Economy News
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17Nov 07 OPEC heads of state met in Riyadh on Saturday for a rare summit, with the organisation divided over the falling US dollar and attempts to give a political impetus to the oil-exporting cartel.
Read full story Comments Off Asia growth could exceed expectations: ADBPosted by UK Economy News
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17Nov 07 Asian economic growth will remain strong this year and in 2008 despite higher energy costs and recent market turbulence, Asian Development Bank president Haruhiko Kuroda said Saturday.
Read full story Comments Off Nigerians, Russians and Libyans took Siemens bribes: WSJPosted by UK Economy News
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17Nov 07 German telecommunications giant Siemens AG paid about 17.5 million dollars (12 million euros) in bribes to government and industry officials in Nigeria, Russia and Libya in a bid to win contracts.
Read full story Comments Off Aer Lingus workers call off strike plansPosted by UK Economy News
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17Nov 07 Aer Lingus workers agreed on Saturday to call off a planned strike next week to give more time for talks with mediators and management over working conditions at the Irish airline.
Read full story Comments Off Hollywood writers, studios agree to new talks: unionPosted by UK Economy News
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17Nov 07 After a nearly two-week walkout, Hollywood scriptwriters and studio owners have agreed to begin new talks on November 26, the Writers Guild of America said late Friday.
Read full story Comments Off Malaysia’s Synergy Drive to buy 60 pct of Bakun dam operatorPosted by UK Economy News
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17Nov 07 The Malaysian government has allowed plantations-to-power group Synergy Drive to acquire 60 percent of the operator of the controversial Bakun hydro-electric dam, conglomerate Sime Darby said.
Read full story Comments Off OHB Technology may buy German Airbus plantsPosted by UK Economy News
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17Nov 07 Technology and space company OHB Technology may buy three German factories on sale by EADS as part of a restructuring of its aircraft unit Airbus, a newspaper reported on Saturday.
Read full story Comments Off G20 finance ministers begin talks in South AfricaPosted by UK Economy News
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17Nov 07 Finance ministers from the world's largest 20 economies began talks Saturday in South Africa focusing on reforming the World Bank and the International Monetary Fund (IMF).
Read full story Comments Off Dubai Aerospace orders GE engines for Boeing fleetPosted by UK Economy News
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17Nov 07 Dubai Aerospace Enterprise (DAE) has ordered engines valued at more than 770 million dollars from US conglomerate General Electric to fit 15 Boeing planes, the company said on Saturday.
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