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Archive for November, 2007WTO head sets end-2008 as new target for Doha dealPosted by UK Economy News
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30Nov 07 The head of the World Trade Organisation said on Friday he hoped to finally secure a deal in the Doha round of international trade talks by the end of 2008, some four years later than initially scheduled.
Read full story Enbridge sees full recovery from pipe blast in daysPosted by UK Economy News
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30Nov 07 Enbridge expects the rest of its huge Canada-to-U.S. crude pipeline system to return to normal within a "matter of days" after an explosion rocked a Minnesota section of the line on Wednesday, killing two workers.
Read full story Comments Off US households show small gains in income, spendingPosted by UK Economy News
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30Nov 07 US consumer spending edged higher by 0.2 percent in October, the government said Friday in a report in line with other indications of softer economic growth.
Read full story Comments Off Google to bid alone for U.S. mobile airwavesPosted by UK Economy News
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30Nov 07 Google said on Friday that the Internet leader would bid on coveted airwaves to launch a U.S. wireless network, putting it in competition with traditional telecommunications players AT&T and Verizon.
Read full story Comments Off Oil touches 1-month low ahead of OPECPosted by UK Economy News
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30Nov 07 Oil tumbled by more than $2 to a one-month low below $89 a barrel on Friday as expectations that OPEC could agree to boost output at a meeting next week weighed on the market.
Read full story Comments Off Global credit markets seen worseningPosted by UK Economy News
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30Nov 07 The situation on global credit markets is deteriorating and an end to the current credit crisis is still not in sight, Swiss National Bank Vice Chairman Philipp Hildebrand said on Friday.
Read full story Comments Off Flowers may revise Northern Rock bidPosted by UK Economy News
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30Nov 07 J.C. Flowers raised the stakes in the rescue battle for Northern Rock on Friday, offering to improve its bid but also warning it will walk away if the government won't talk with it, a person close to the buyout firm said.
Read full story Comments Off Google to bid for U.S. mobile airwavesPosted by UK Economy News
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30Nov 07 Google said on Friday it will bid for coveted mobile airwaves in a move that could pit the Web search leader against U.S. wireless service providers.
Read full story Comments Off U.S. says it’s premature to discuss subprime plansPosted by UK Economy News
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30Nov 07 The White House on Friday said it was "premature" to discuss possible new initiatives to address the mortgage crisis and declined to comment on reports the administration is working on a deal with lenders to freeze interest rates on some loans.
Read full story Comments Off ENI to buy Burren Energy for 1.7 blnPosted by UK Economy News
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30Nov 07 Italy's Eni has agreed to buy oil explorer Burren Energy for 1.736 billion pounds, boosting the oil major's operations in the Republic of Congo and giving it a toehold in Turkmenistan, where a new leadership is warming to foreign investment.
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