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Archive for November 18th, 2007OPEC leaders support ‘clean oil’ technologiesPosted by UK Economy News
In UK financial news
18Nov 07 OPEC leaders are to insist on the importance of technology to enable the use of "clean oil," notably carbon capture and storage, to help fight global warming, according to the final summit declaration obtained by AFP on Sunday.
Read full story Comments Off China to grant fixed-line telecom operators mobile licences: reportPosted by UK Economy News
In UK financial news
18Nov 07 China will soon allow its fixed-line telecom operators to venture into the faster-growing mobile market, state media reported Sunday, citing a senior official.
Read full story Comments Off Growth and inflation risks worry G20Posted by UK Economy News
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18Nov 07 Finance chiefs from the Group of 20 economic powers agreed on Sunday too much volatility and erratic currency movements were unwelcome and put a firm focus on the rising risks to growth and inflation.
Read full story Comments Off OPEC leaders pledge ‘reliable’ supplies at summitPosted by UK Economy News
In UK financial news
18Nov 07 OPEC leaders committed Sunday to providing the world with reliable supplies of oil at a rare summit that saw a clash between hardliners and moderates about the future direction of the exporters' group.
Read full story Comments Off Kuwait pledges $150 million to climate fundPosted by UK Economy News
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18Nov 07 Kuwait's emir Sheikh Sabah al-Ahmad al-Sabah said on Sunday that his oil-rich state has donated 150 million dollars to a fund to tackle global warming, the official KUNA news agency reported.
Read full story Comments Off General Electric to build power stations in Turkmenistan: state mediaPosted by UK Economy News
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18Nov 07 US company General Electric has been asked to build two power stations in Turkmenistan, state media said Sunday, in the latest sign the reclusive Central Asian state is opening up to Western firms.
Read full story Comments Off Iran fails to get OPEC mention of weak dollarPosted by UK Economy News
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18Nov 07 OPEC's final summit declaration on Sunday made no mention of the weak dollar, with a plan to increase financial cooperation between members the only recognition of an Iranian proposal to price oil in other currencies.
Read full story Comments Off BHP suspends Angola ops after helicopter crashPosted by UK Economy News
In UK financial news
18Nov 07 Mining group BHP Billiton has suspended its exploration operations in Angola after a helicopter crash on Friday killed five people on the way to its Alto Cuilo Camp site in the north east of the country.
Read full story Comments Off OPEC leaders stress link between peace, oil pricesPosted by UK Economy News
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18Nov 07 Leaders of the Organisation of Petroleum Exporting Countries stressed the importance of world peace for the stability of oil prices, according to a final summit statement obtained by AFP on Sunday.
Read full story Comments Off G20 communique cites global economy risksPosted by UK Economy News
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18Nov 07 Downside risks to the global economy from recent market turmoil have increased, the Group of 20 key economic powers said in a statement on Sunday that made no mention of growing currency imbalances.
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