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Archive for December 26th, 2007Oil hits one-month high over $96 a barrelPosted by UK Economy News
In UK financial news
26Dec 07 Oil rose to a one-month high above $96 a barrel on Wednesday ahead of a U.S. government report expected to show crude inventories in the world's top consumer fell for a sixth straight week.
Read full story 15 bln pound pension surplus at end ‘07Posted by UK Economy News
In UK financial news
26Dec 07 The final-salary pension schemes of the UK's 100 largest companies will show an aggregate surplus of 15 billion pounds at the end of 2007, Deloitte said on Wednesday.
Read full story Comments Off Oil above $95 on expected U.S. stock dropPosted by UK Economy News
In UK financial news
26Dec 07 Oil rose above $95 a barrel to a one-month high on Wednesday ahead of a U.S. government report expected to show crude inventories in the world's top consumer fell for a sixth straight week.
Read full story Comments Off MAXJet files for Chapter 11 bankruptcy protectionPosted by UK Economy News
In UK financial news
26Dec 07 MAXJet Airways Inc , an all-business class airline, has filed for Chapter 11 bankruptcy protection from creditors after cancelling all flights earlier this week, according to court documents.
Read full story Comments Off 15 billion pound penison surplus end ‘07Posted by UK Economy News
In UK financial news
26Dec 07 The final-salary pension schemes of the UK's 100 largest companies will show an aggregate surplus of 15 billion pounds at the end of 2007, Deloitte said on Wednesday.
Read full story Comments Off Japan plans world’s fastest maglev train: firmPosted by UK Economy News
In UK financial news
26Dec 07 A Japanese rail operator said Wednesday it plans to introduce the world's fastest train in the next two decades, a next-generation maglev built at a cost of 45 billion dollars.
Read full story Comments Off SKorea group to continue Kurdistan project despite Iraqi threatPosted by UK Economy News
In UK financial news
26Dec 07 State-run Korea National Oil Corp said Wednesday it would not abandon an exploration project in Iraqi Kurdistan despite threats by the central Iraqi government to cut off oil supplies to South Korea.
Read full story Comments Off Japan, Kazakh firms to tie-up in nuclear fuel processing: officialPosted by UK Economy News
In UK financial news
26Dec 07 Japan's Kansai Electric Power Co. and trading house Sumitomo Corp. will tie up with Kazakhstan's state-run energy company in uranium processing for nuclear power generation, an official said Wednesday.
Read full story Comments Off StanChart said to lead race for South Korean bankPosted by UK Economy News
In UK financial news
26Dec 07 Standard Chartered is leading the race to buy South Korean savings bank Yeahreum Bank, owned by the state-run Korea Deposit Insurance Corp (KDIC), a local media report said on Wednesday.
Read full story Comments Off Russian retailer Magnit said to place shares on LSEPosted by UK Economy News
In UK financial news
26Dec 07 Russian food retailer Magnit plans to place shares worth no less than $500 million (252.4 million pounds) on the London Stock Exchange, Vedomosti daily reported on Wednesday, quoting banking sources.
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