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Archive for November 28th, 2007German chancellor says ECB must fight inflationPosted by UK Economy News
In UK financial news
28Nov 07 The European Central Bank has a duty to protect the eurozone against any risk of inflation, German Chancellor Angela Merkel said in an interview to be published on Thursday.
Read full story Toyota to recall 264,000 cars over faulty fuel pipesPosted by UK Economy News
In UK financial news
28Nov 07 Japanese car giant Toyota Motor Corp. said Wednesday it was recalling about 264,000 cars in Japan and abroad to repair defective fuel pipes.
Read full story Comments Off EU proposes 25 pct cut in cod quotas amid ‘overfishing’Posted by UK Economy News
In UK financial news
28Nov 07 The European Commission on Wednesday proposed a 25 percent cut in cod fishing quotas for most of the EU's waters, warning that with it and other fish, "most stocks remain overfished".
Read full story Comments Off Anglo American to invest 1.7 bln dlr in Chilean minePosted by UK Economy News
In UK financial news
28Nov 07 British mining group Anglo American said Wednesday it would invest 1.7 billion dollars (1.2 billion euros) to boost copper output at its Los Bronces mine in Chile to 400,000 tonnes a year by 2011 from 226,000.
Read full story Comments Off Vodafone, Telefonica bank on mobile adsPosted by UK Economy News
In UK financial news
28Nov 07 Mobile phone group Vodafone and Spanish carrier Telefonica are taking stakes in a mobile advertising company in a move to battle the threat of online giants Google and Yahoo Inc .
Read full story Comments Off EU approves rescue aid for London Underground firmPosted by UK Economy News
In UK financial news
28Nov 07 The European Commission approved on Wednesday 897 million pounds in rescue aid for the group that maintains most of the London Underground train network.
Read full story Comments Off Dollar higher before key Federal Reserve reportPosted by UK Economy News
In UK financial news
28Nov 07 The dollar rose against the euro and yen Wednesday as markets awaited an important US economic report for clues on whether the Federal Reserve will cut interest rates next month, dealers said.
Read full story Comments Off EU, China confront each other on trade disputePosted by UK Economy News
In UK financial news
28Nov 07 China and Europe confronted each other over their long-running trade dispute here Wednesday, with the EU calling for a level playing field and Chinese Premier Wen Jiabao insisting on gradual reform.
Read full story Comments Off Rising prices weigh heavily on German consumersPosted by UK Economy News
In UK financial news
28Nov 07 Consumer confidence in Germany, the eurozone's biggest economy, has taken another hit in the face of rising prices, figures showed on Wednesday.
Read full story Comments Off Wolseley cuts 3,000 jobsPosted by UK Economy News
In UK financial news
28Nov 07 Building products retailer Wolseley reported a 15 percent drop in quarterly pretax profit and said it was cutting 3,000 jobs as it expects the U.S. housing market to worsen, knocking its shares to 4-year lows.
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