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Archive for November 29th, 2007EU warns weak yuan could unleash protectionism in EuropePosted by UK Economy News
In UK financial news
29Nov 07 The weakness of the Chinese yuan against the euro is provoking protectionist tendencies in Europe, the EU Commission warned Thursday, urging Beijing to move faster on exchange rate flexibility.
Read full story EDF, Enel close to accordPosted by UK Economy News
In UK financial news
29Nov 07 Utility giant Electricite de France (EDF) and its Italian counterpart Enel are reportedly close to a deal worth two billion euros (2.96 billion dollars) on access to the French power market.
Read full story Comments Off Oil falls back after surge on pipeline explosionPosted by UK Economy News
In UK financial news
29Nov 07 Oil gave back nearly all of its big gains on Thursday after Enbridge Pipeline said its fire-damaged crude pipeline in Minnesota could resume normal operations within days.
Read full story Comments Off WTO rules against EU banana import practices: diplomatic sourcePosted by UK Economy News
In UK financial news
29Nov 07 The World Trade Organisation ruled Thursday that the European Union's banana importing practices violate international trade rules, a diplomatic source said here.
Read full story Comments Off White House sees firm economy in 2008Posted by UK Economy News
In UK financial news
29Nov 07 The White House Thursday projected firm economic growth into 2008, with an average 2.7 percent expansion pace despite headwinds from housing and credit woes.
Read full story Comments Off Oil falls back after surge on pipeline explosionPosted by UK Economy News
In UK financial news
29Nov 07 Oil handed back some of its early gains after surging more than $4 on Thursday following an explosion at a major pipeline that interrupted crude oil imports to top consumer the United States.
Read full story Comments Off China to halt subsidies to settle WTO case: USPosted by UK Economy News
In UK financial news
29Nov 07 US officials said Thursday that China had agreed to a "full elimination" of a range of industrial subsidies to settle a complaint filed by Washington before the World Trade Organization.
Read full story Comments Off EU governments agree to open GSM radio spectrumPosted by UK Economy News
In UK financial news
29Nov 07 European Union telecom ministers backed proposals on Thursday to open radio frequencies allocated exclusively for GSM mobile phone services to other technologies, such as third-generation (3G) mobile data.
Read full story Comments Off New US home sales show rise, but only after earlier revisionPosted by UK Economy News
In UK financial news
29Nov 07 New home sales increased 1.7 percent in October but the rise came only after a sharp downward revision to September figures, the Commerce Department said Thursday.
Read full story Comments Off Oil falls back after surge on pipeline explosionPosted by UK Economy News
In UK financial news
29Nov 07 Oil handed back some of its early gains after surging more than $4 on Thursday following an explosion at a major pipeline that temporarily halted nearly a fifth of crude oil imports to top consumer the United States.
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