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Archive for November 20th, 2007Oil surges to match record on dollarPosted by UK Economy News
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20Nov 07 Oil jumped more than 4 percent on Tuesday to match an all-time high of $98.62 per barrel, bolstered by record weakness in the dollar and concerns over tight supply heading into winter.
Read full story Oil prices hit record highs amid dollar weaknessPosted by UK Economy News
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20Nov 07 World oil prices soared to new records Tuesday, breaching 98 dollars a barrel in New York, amid supply concerns and as the US dollar continued to weaken against other major currencies.
Read full story Comments Off EU seeks to modernise farm subsidiesPosted by UK Economy News
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20Nov 07 The European Commission unveiled plans Tuesday to shake up Europe's farm subsidies in a bid to make costly hand-outs more relevant to the modern world as the sector enjoys the strongest boom in generations.
Read full story Comments Off Oil surges to match record on dollarPosted by UK Economy News
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20Nov 07 Oil jumped more than 4 percent on Tuesday to match an all-time high of $98.62 per barrel, bolstered by record weakness in the dollar and concerns over tight supply heading into winter.
Read full story Comments Off Top eurozone officials voice concern about euro’s strengthPosted by UK Economy News
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20Nov 07 Two of the eurozone's top economic officials expressed concern Tuesday about the euro's record strength on foreign exchange markets as the single European currency flirted with the 1.50-dollar threshold.
Read full story Comments Off Fed slashes US growth forecast on housing, credit illsPosted by UK Economy News
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20Nov 07 The Federal Reserve cut its forecast for US economic growth Tuesday to a range of 1.8 to 2.5 percent in 2008, citing weakness in housing and tighter credit conditions.
Read full story Comments Off Oil prices surge by two dollarsPosted by UK Economy News
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20Nov 07 World oil prices rocketed higher on Tuesday, breaching 97 dollars a barrel on lingering supply concerns and as the US currency tumbled against major rivals, traders said.
Read full story Comments Off Rolls Royce to build Singapore and U.S. engine plantsPosted by UK Economy News
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20Nov 07 Rolls Royce will set up plants in Singapore and the United States to assemble engines for the latest Boeing and Airbus airliners as well as business jets, it said on Tuesday.
Read full story Comments Off Brewer S&N to slash costsPosted by UK Economy News
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20Nov 07 Brewer Scottish and Newcastle (S&N) bolstered its defence against a Carlsberg and Heineken bid by moving to slash costs, but weak third-quarter trading sent its shares well below the bid price.
Read full story Comments Off Dollar slumps to fresh euro lowPosted by UK Economy News
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20Nov 07 The dollar plunged to another historic low point against the euro Tuesday, as the greenback was plagued by concerns over the US economy amid a global credit squeeze, dealers said.
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