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Archive for November 21st, 2007Oil prices pull back after flirting with 100 dlrsPosted by UK Economy News
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21Nov 07 Crude oil futures pulled back from a run toward 100 dollars a barrel in New York as a rally failed to push prices past the key psychological barrier.
Read full story Comments Off Oil falls after record rally past $99Posted by UK Economy News
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21Nov 07 Oil fell on Wednesday after hitting an all-time high above $99 a barrel as stockpiles rose at a key U.S. storage hub and concerns mounted over the health of the world's top economy.
Read full story Comments Off VW aims to overtake Toyota by 2018: reportPosted by UK Economy News
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21Nov 07 Volkswagen, already the biggest European car maker, aims to overtake Toyota of Japan as the biggest worldwide in 2018 by selling 11 million vehicles, the German magazine Capital said Wednesday.
Read full story Comments Off ECB pressed to curb euro’s climb against the dollarPosted by UK Economy News
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21Nov 07 Europe's single currency is climbing quickly against the dollar and could seriously curb growth, forcing the European Central Bank to come up with a response, economists say.
Read full story Comments Off Spain’s Logista to sell stake in takeover target IberiaPosted by UK Economy News
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21Nov 07 Spain's logistics operator Logista said Wednesday it would sell its 6.42 percent stake in the country's flag carrier Iberia, the target of two takeover bids, for 220.2 million euros (324.2 million dollars).
Read full story Comments Off WTO chief sees no breakthrough before year-endPosted by UK Economy News
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21Nov 07 World Trade Organisation chief Pascal Lamy said on Wednesday he does not expect any breakthrough in talks to liberalise global commerce before the end of this year.
Read full story Comments Off Three set to make bids for NorwebPosted by UK Economy News
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21Nov 07 Three suitors are expected to bid on Thursday for Norweb, the wires business United Utilities is auctioning for about 1.5 billion pounds, people close to the matter said on Wednesday.
Read full story Comments Off Dollar plunges to new record euro lowPosted by UK Economy News
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21Nov 07 The dollar on Wednesday slumped to a fresh record low against the euro owing to weaker US growth projections and the prospect of another cut to American interest rates, traders said.
Read full story Comments Off Oil retreats after surge above $99Posted by UK Economy News
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21Nov 07 Oil retreated on Wednesday after earlier closing in on the $100 milestone in response to a new slump in the dollar.
Read full story Comments Off Oil prices hit record highs near 100 dollarsPosted by UK Economy News
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21Nov 07 The price of crude oil surged to a record peak above 99 dollars per barrel in New York on Wednesday on the back of the falling US dollar and tight global crude supplies, traders said.
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