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Archive for November 21st, 2007Northern Rock gets more approachesPosted by UK Economy News
In UK financial news
21Nov 07 Stricken bank Northern Rock has received more rescue proposals, but warned that one of them contemplated an offer well below Tuesday's closing price, sparking a new slide in its shares on Wednesday.
Read full story Rolls-Royce wins order from LAN AirlinesPosted by UK Economy News
In UK financial news
21Nov 07 Engine maker Rolls-Royce Group said on Wednesday the group had received a $2.4 billion (1.17 billion pound) order for its Trent 1000 from Chile's LAN Airlines to power a new fleet of up to 41 Boeing 787 Dreamliners.
Read full story Comments Off China wins right to explore Afghan copper mine: ministryPosted by UK Economy News
In UK financial news
21Nov 07 Afghanistan has chosen a Chinese bidder to lease a copper mine which is possibly the world's largest, in a contract that is set to bring in hundreds of millions of dollars, the mines ministry said Tuesday.
Read full story Comments Off CORRECTED: Private equity-owned firms asked for more disclosurePosted by UK Economy News
In UK financial news
21Nov 07 Companies owned by private equity firms such as TPG or 3i should provide a business review similar to that disclosed by listed companies, according to a report commissioned by the private equity industry.
Read full story Comments Off T-Mobile says to sell iPhone without contractPosted by UK Economy News
In UK financial news
21Nov 07 Deutsche Telekom's T-Mobile will allow customers in Germany to buy Apple's coveted iPhone without having to sign a T-Mobile contract after rival Vodafone obtained a court injunction against it.
Read full story Comments Off FACTBOX-Crude oil prices in major currenciesPosted by UK Economy News
In UK financial news
21Nov 07 U.S. crude oil futures hit a record high of $99.29 a barrel on Wednesday due to a slump in the dollar and concern about a fuel supply crunch heading into the peak demand winter season.
Read full story Comments Off FACTBOX-Why oil prices are at a record highPosted by UK Economy News
In UK financial news
21Nov 07 (Reuters) - U.S. crude oil hit a record high of $99.29 a barrel on Wednesday.
Read full story Comments Off Total CEO sees little respite from high oil pricePosted by UK Economy News
In UK financial news
21Nov 07 The head of French oil giant Total warned on Wednesday that oil prices would remain high as crude prices inched closer to $100 a barrel.
Read full story Comments Off Rolls-Royce wins order from LAN AirlinesPosted by UK Economy News
In UK financial news
21Nov 07 Engine maker Rolls-Royce Group said on Wednesday the group had received a $2.4 billion (1.17 billion pounds) order for its Trent 1000 from Chile's LAN Airlines to power a new fleet of up to 41 Boeing 787 Dreamliners.
Read full story Comments Off EU’s McCreevy to propose mortgage rulesPosted by UK Economy News
In UK financial news
21Nov 07 There will be mandatory rules to ensure home loans are offered responsibly in the European Union, a document showed on Wednesday, as market jitters due to defaults in the U.S. subprime mortgages sector continued.
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