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Archive for December 29th, 2007Luxembourg group buys stake in Russian gas firm NovatekPosted by UK Economy News
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29Dec 07 Luxembourg's Bluebird Securities Saturday said it had acquired a 5.7 percent stake in Russia's second largest gas producer Novatek.
Read full story Toshiba may quadruple flash memory outputPosted by UK Economy News
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29Dec 07 Japan's Toshiba plans two new flash memory plants, allowing it to quadruple output capacity and putting it in a position to overtake market leader Samsung Electronics , a newspaper reported on Saturday.
Read full story Comments Off StatoilHydro sells some Gulf of Mexico assets for 243 mln dollarsPosted by UK Economy News
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29Dec 07 Norwegian energy giant StatoilHydro said Saturday it had agreed to sell its shallow water assets in the Gulf of Mexico to US company Mariner Energy for 243 million dollars (165.4 million euros) in cash.
Read full story Comments Off Zambia’s reserves hit over one billion dollars in 2007Posted by UK Economy News
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29Dec 07 Zambia's international reserves hit over a billion dollars this year, the highest figure in the country's history, the central bank governor announced on Saturday.
Read full story Comments Off Zimbabweans queue to return old banknotesPosted by UK Economy News
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29Dec 07 Zimbabweans formed queues at banks on Saturday to beat a December 31 deadline to hand in a currency series phased out by the central bank.
Read full story Comments Off South Korea’s parliament approves budget risePosted by UK Economy News
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29Dec 07 South Korea's parliament said Saturday it had approved a rise of more than seven percent for its 2008 budget to expand social welfare programmes and increase military spending.
Read full story Comments Off German central bank warns against pay rises amid minimum wage rowPosted by UK Economy News
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29Dec 07 The head of the German central bank warned against steep pay rises in 2008, as the Social Democrat party stepped up calls for a national minimum wage in comments to be published Sunday.
Read full story Comments Off Euro crosses 1.47 dollars after weak US housing dataPosted by UK Economy News
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29Dec 07 The euro crossed 1.47 dollars Friday amid persistent speculation that poor US economic data could force the Federal Reserve to cut interest rates in 2008, dealers said.
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