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Archive for December 28th, 2007Buffett’s Berkshire Hathaway to launch bond insurer: reportPosted by UK Economy News
In UK financial news
28Dec 07 Warren Buffett's Berkshire Hathaway Group will launch a bond insurer unit for cities, countries and states to finance public projects such as schools and hospitals, The Wall Street Journal reported Friday.
Read full story Italy favours Air France-KLM’s bid for AlitaliaPosted by UK Economy News
In UK financial news
28Dec 07 Air France-KLM, the world's largest airline by revenues, came a step closer Friday to controlling the near-bankrupt Alitalia after Italy's finance minister said it could begin exclusive takeover talks.
Read full story Comments Off Oil above $97 on lower U.S. stocks and BhuttoPosted by UK Economy News
In UK financial news
28Dec 07 Oil firmed almost $1 to above $97 a barrel on Friday, within sight of its record high, bolstered by a fall in U.S. fuel inventories and mounting tension in Pakistan and northern Iraq.
Read full story Comments Off US new home sales plunge 9 pct in NovemberPosted by UK Economy News
In UK financial news
28Dec 07 Sales of new homes in the US plunged in November as tight lending conditions and consumer pessimism led to the worst rate in more than 12 years, new government data showed Friday.
Read full story Comments Off Italian government says it favours Air France-KLM’s bid for AlitaliaPosted by UK Economy News
In UK financial news
28Dec 07 Air France-KLM, the world's largest airline by revenues, came a step closer Friday to controlling the near-bankrupt Alitalia after the Italian government said it could begin exclusive takeover talks.
Read full story Comments Off Oil steady near $97 on lower U.S. stocks and BhuttoPosted by UK Economy News
In UK financial news
28Dec 07 Oil held near $97 a barrel on Friday, within sight of its record high, bolstered by a fall in U.S. fuel inventories and mounting tension in Pakistan and northern Iraq.
Read full story Comments Off CORRECTED-Chinese car deal raises hopes for MG revivalPosted by UK Economy News
In UK financial news
28Dec 07 A deal struck this week puts a venerable British motoring brand in the hands of China's top car maker, raising hopes that Shanghai Automotive Co might do for MG what Germany's BMW did for the Mini.
Read full story Comments Off ECB launches new bid to drain liquidity from eurozone marketsPosted by UK Economy News
In UK financial news
28Dec 07 The European Central Bank said Friday it had removed a further 150 billion euros (220 billion dollars) from eurozone money markets through a new offer aimed at absorbing excess liquidity.
Read full story Comments Off Oil prices hold close to 97 dollarsPosted by UK Economy News
In UK financial news
28Dec 07 World oil prices held near 97 dollars per barrel on Friday as traders mulled the murder of Pakistani opposition leader Benazir Bhutto, alongside another steep drop in US crude reserves.
Read full story Comments Off Euro approaches 1.47 dollarsPosted by UK Economy News
In UK financial news
28Dec 07 The euro neared 1.47 dollars on Friday amid persistent speculation that poor US economic data could force the US Federal Reserve to cut rates in 2008.
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