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Archive for December 20th, 2007StatoilHydro and Shell to drop Norway power plantPosted by UK Economy News
In UK financial news
20Dec 07 Energy groups StatoilHydro and Shell said on Thursday they would scrap plans to build an environmentally friendly gas-fired power plant in Norway, but the Oslo government is now seeking alternatives.
Read full story US clears Google buyout of online ad giant DoubleClickPosted by UK Economy News
In UK financial news
20Dec 07 US regulators Thursday cleared a plan by Google to acquire online advertising giant DoubleClick, which had sparked concerns about privacy risks and still faces a challenge in the European Union.
Read full story Comments Off Russia, Kazakhstan, Turkmenistan sign Caspian pipeline accordPosted by UK Economy News
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20Dec 07 Russian President Vladimir Putin and Kazakh counterpart Nursultan Nazarbayev oversaw a major new deal on Thursday to build a natural gas pipeline from Turkmenistan to Russia via Kazakhstan.
Read full story Comments Off Will banks blink as UK commercial property plummets?Posted by UK Economy News
In UK financial news
20Dec 07 Bankers are weighing up an 186 billion pounds question: could a record wave of commercial property buying in Britain in 2004-2007 unravel in a tsunami of forced selling now valuations are plummeting?
Read full story Comments Off ECB drains 150 billion euros from marketsPosted by UK Economy News
In UK financial news
20Dec 07 The European Central Bank said Thursday that its most recent one-day tender had allowed it to withdraw 150 billion euros (215 billion dollars) from eurozone money markets.
Read full story Comments Off Former VW personnel chief says boss unaware of bribesPosted by UK Economy News
In UK financial news
20Dec 07 Disgraced former Volkswagen personnel chief Peter Hartz on Thursday defended the company's ex-boss Ferdinand Piech against charges that he knew of corrupt practices used to ease labour relations.
Read full story Comments Off Crude prices boosted by falling US energy reservesPosted by UK Economy News
In UK financial news
20Dec 07 World oil prices climbed on Thursday in the wake of a larger-than-expected drop in US crude inventories, traders said.
Read full story Comments Off US economy grew at 4.9 pct in Q3Posted by UK Economy News
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20Dec 07 The US economy grew at a healthy 4.9 percent clip in the third quarter before being buffeted by a worsening housing slump and tighter credit in recent months, the government said Thursday.
Read full story Comments Off Money mkt tension eases, Bear Stearns takes hitPosted by UK Economy News
In UK financial news
20Dec 07 Strain in the money markets eased on Thursday, following a concerted central bank pump priming operation, but fresh losses at the fifth largest U.S. investment bank will test the tentative improvement in sentiment.
Read full story Comments Off StatoilHydro and Shell to drop Norway power plantPosted by UK Economy News
In UK financial news
20Dec 07 Energy groups StatoilHydro and Royal Dutch Shell will scrap plans to build an environmentally friendly gas-fired power plant in Norway, Shell said on Thursday.
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