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Archive for November 25th, 2007Virgin Group preferred Northern Rock bidder: BBCPosted by UK Economy News
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25Nov 07 Troubled British lender Northern Rock will name a consortium led by billionaire Richard Branson's Virgin Group as its preferred buyer, the BBC reported Sunday.
Read full story Ford unveils updated Focus model for EuropePosted by UK Economy News
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25Nov 07 Ford Motor unveiled a new version of its popular Focus car on Sunday with an updated design and technology as the U.S. carmaker seeks to reinforce the family car's position as its best-selling model in Europe.
Read full story Comments Off India property in takeoff modePosted by UK Economy News
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25Nov 07 A decade ago, Gurgaon on the outskirts of the Indian capital was little more than scrubland and a few isolated housing developments.
Read full story Comments Off Party frocks, sexy undies lift John Lewis salesPosted by UK Economy News
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25Nov 07 Retailer John Lewis said on Sunday Christmas shoppers had started to hit its stores in force with sales up 10 percent on the previous week and up the same amount compared to a year ago.
Read full story Comments Off ECB member says bank will not accept spiralling inflationPosted by UK Economy News
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25Nov 07 The European Central Bank will not tolerate mounting inflation in the eurozone, executive board member Juergen Stark said in an interview Sunday, but he called the current rise in prices "temporary".
Read full story Comments Off French president says China must revalue the yuanPosted by UK Economy News
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25Nov 07 French President Nicolas Sarkozy urged China on Sunday to revalue its currency and improve its record on the environment, hours after arriving in the country for a state visit.
Read full story Comments Off Billionaire Buffett ‘could join bid for Northern Rock’Posted by UK Economy News
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25Nov 07 US billionaire investor Warren Buffett could emerge as a buyer for troubled British bank Northern Rock, according to a media report on Sunday.
Read full story Comments Off Taiwan may end boycott of Chinese judge to WTO: ministryPosted by UK Economy News
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25Nov 07 Taiwan's government said Sunday it would stop boycotting the appointment of a Chinese judge to the World Trade Organisation's top court if its fears of possible bias by the Asian giant were addressed.
Read full story Comments Off Malaysia’s AirAsia increases A320 order to 175 planesPosted by UK Economy News
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25Nov 07 AirAsia, Southeast Asia's largest budget carrier by fleet size, said Sunday it has agreed to buy 175 new fuel efficient A320 Airbus aircraft for at least 10.5 billion dollars.
Read full story Comments Off Germans getting jittery as euro continues to climbPosted by UK Economy News
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25Nov 07 Until recently, Germany has maintained an air of serenity as the euro spiked higher against other major currencies, even though exports are the motor of growth for the eurozone's biggest economy.
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