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Archive for December 3rd, 2007Oil rises, ends slide as OPEC hike seen unlikelyPosted by UK Economy News
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3Dec 07 Oil prices rose on Monday, pulling out of a steep slide from a record high earlier this month amid signs OPEC will reject calls from consumer nations for a hike in output.
Read full story Oil prices rebound on rumors OPEC will maintain outputPosted by UK Economy News
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3Dec 07 Oil prices rebounded Monday as speculation grew that OPEC may decide to leave production unchanged at a meeting this week instead of hiking output.
Read full story Comments Off Saudi cautious before OPEC meet, Libya signals no output hikePosted by UK Economy News
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3Dec 07 Oil kingpin Saudi Arabia said Monday it was "very premature" to indicate whether OPEC would decide to boost supplies at a crucial output meeting here this week.
Read full story Comments Off Oil ends slide as OPEC hike seen unlikelyPosted by UK Economy News
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3Dec 07 Oil prices rose on Monday, pulling out of a steep slide amid signs OPEC will reject calls from consumer nations for a hike in output.
Read full story Comments Off Saudi Arabia sits tight ahead of OPEC meetPosted by UK Economy News
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3Dec 07 Saudi Arabia said here Monday it was "very premature" to indicate whether OPEC would boost oil supplies or maintain current production levels when it holds a crucial output meeting this week.
Read full story Comments Off Eurozone’s Juncker sees increasing inflation risksPosted by UK Economy News
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3Dec 07 Soaring inflation is becoming a risk to the 13 nations sharing the euro as they struggle to cope with slower economic growth, the chairman of eurozone finance ministers meetings said Monday.
Read full story Comments Off News Corp and LinkedIn not in takeover talksPosted by UK Economy News
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3Dec 07 Rupert Murdoch's News Corp is not holding takeover discussions with LinkedIn, a fast-growing online social network for professionals, a source familiar with the matter said on Monday.
Read full story Comments Off Oil hits 5-week low below $88Posted by UK Economy News
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3Dec 07 Oil plumbed five-week lows below $88 a barrel on Monday as concerns about the health of the U.S. economy extended losses that have cut 10 percent from prices over the past two weeks.
Read full story Comments Off French auction houses sue eBayPosted by UK Economy News
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3Dec 07 France's auction houses said Monday they are taking joint legal action against the online giant eBay, accusing it of encouraging trade in pirated and stolen goods.
Read full story Comments Off Dollar eases as market awaits data, rate decisionsPosted by UK Economy News
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3Dec 07 The dollar fell in late European trade Monday, slipping back as players looked ahead to key data, including US job figures and central bank policy meetings in Britain and the eurozone, dealers said.
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