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Archive for November 23rd, 2007Oil rises on dollar gains and colder weatherPosted by UK Economy News
In UK financial news
23Nov 07 Oil rose on Friday as cold weather hit the giant U.S. Northeast heating oil market and the dollar recovered from fresh lows.
Read full story Oil prices firm after run at 100 dollarsPosted by UK Economy News
In UK financial news
23Nov 07 World oil prices pushed closer toward 100 dollars a barrel Friday as traders worried about tight supplies and geopolitical jitters in key oil producing states.
Read full story Comments Off Rusal to acquire 25-percent stake in Norilsk: companyPosted by UK Economy News
In UK financial news
23Nov 07 Russian aluminium giant Rusal said Friday it had reached a deal to acquire a 25-percent stake in fellow Russian metals group Norilsk Nickel from the Onexim investment group, a statement said.
Read full story Comments Off Fiat announces 3.4 bln dlr investment in BrazilPosted by UK Economy News
In UK financial news
23Nov 07 Fiat is to invest nearly 3.4 billion dollars in South America's biggest car market, Brazil, over the next three years to boost in-country production, the CEO of the Italian automaker, Sergio Marchione, said Friday.
Read full story Comments Off WTO warns Taiwan risks institutional crisis over judge disputePosted by UK Economy News
In UK financial news
23Nov 07 Taiwan's decision to block the appointment of a Chinese judge to the World Trade Organisation's top court risks causing an institutional crisis, a key official warned on Friday.
Read full story Comments Off Oil prices firm after run at 100 dollarsPosted by UK Economy News
In UK financial news
23Nov 07 World oil prices edged up Friday, after shooting close to 100 dollars earlier this week, as traders worried about tight supplies and geopolitical jitters in key producers.
Read full story Comments Off British economy loses momentum in third quarterPosted by UK Economy News
In UK financial news
23Nov 07 The economy expanded at a slower-than-expected rate of 0.7 percent in the third quarter of 2007, according to official data published Friday.
Read full story Comments Off Indian court bars Vedanta from mining bauxitePosted by UK Economy News
In UK financial news
23Nov 07 India's Supreme Court barred Britain's Vedanta Resources Plc on Friday from mining bauxite in sacred, forested hills in the east of the country where tribal people and voluntary groups strongly oppose it.
Read full story Comments Off Aerospace group EADS might cancel sale of Airbus factories: reportPosted by UK Economy News
In UK financial news
23Nov 07 The European aerospace group EADS might cancel the sale of factories owned by its aircraft manufacturing unit Airbus and group them instead into a new division, a press report said Friday.
Read full story Comments Off German bank IKB faces more hisk-risk mortgage problems: reportPosted by UK Economy News
In UK financial news
23Nov 07 German banks that helped pull peer IKB back from the brink of bankruptcy in late July no longer want to pay for the public institution, which might need millions more to replenish its coffers, press reports and spokespeople said Friday.
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