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Archive for November 18th, 2007‘Greener, reliable’ OPEC wraps up politically-charged summitPosted by UK Economy News
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18Nov 07 OPEC leaders wrapped up a rare summit on Sunday pledging to provide reliable supplies of oil to the world, but the US-Iranian nuclear standoff cast a pall over the message of dependability.
Read full story OPEC leaders upset over dollar slide: AhmadinejadPosted by UK Economy News
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18Nov 07 Iranian President Mahmoud Ahmadinejad said Sunday OPEC heads of state were annoyed about the decline in the dollar and asked their finance and oil ministers to study the issue of pricing oil.
Read full story Comments Off Lifeline to Britain’s Northern Rock could be extended: reportPosted by UK Economy News
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18Nov 07 Advisors to British finance minister Alistair Darling are preparing a plan to continue an emergency loan to troubled bank Northern Rock despite European Union rules limiting the period it can receive state aid, the Sunday Telegraph newspaper reported.
Read full story Comments Off French unions extend rail strike for another dayPosted by UK Economy News
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18Nov 07 French rail unions on Sunday called on members to continue their strike over pension reform for a further 24 hours.
Read full story Comments Off Czech PM says 2012 is ‘unrealistic’ target date for euroPosted by UK Economy News
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18Nov 07 Czech Prime Minister Mirek Topolanek said Sunday that 2012 is an "unrealistic" target date for his country's adoption of the single currency euro.
Read full story Comments Off G20 ministers stress need for new energy suppliesPosted by UK Economy News
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18Nov 07 Leaders of the world's 20 largest economies stressed on Sunday the need for new energy supplies as global economic growth continues to stumble over high oil prices.
Read full story Comments Off OPEC agrees to study dollar concern: IranPosted by UK Economy News
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18Nov 07 Iran said Sunday that an OPEC pledge to increase financial cooperation between members meant the 13-member oil exporters group would study the issue of pricing oil in the falling US dollar.
Read full story Comments Off Kuwait, UAE pledge $300 million to climate fundPosted by UK Economy News
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18Nov 07 Leading global oil producers Kuwait and the United Arab Emirates pledged 150 million dollars each on Sunday to a new fund to tackle global warming.
Read full story Comments Off UAE says Rio Tinto in aluminium smelter talksPosted by UK Economy News
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18Nov 07 State-owned Abu Dhabi Basic Industries Corp (ADBIC) said it is in final talks with Rio Tinto to develop an aluminium smelter in the United Arab Emirates at an initial cost of $5 billion (2.5 billion pounds).
Read full story Comments Off China, Singapore sign eco-city dealPosted by UK Economy News
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18Nov 07 China and Singapore on Sunday signed a pact to build a joint "eco-city" in northern China, as visiting Prime Minister Wen Jiabao launched a five-day visit to the city-state.
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