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Archive for December, 2007Gold heads for largest yearly rise in 30 yearsPosted by UK Economy News
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31Dec 07 Gold was on track for its biggest yearly gain since 1979, with prices hovering on Monday about $15 an ounce away from its historic highs.
Read full story Pakistan unrest lifts oil pricesPosted by UK Economy News
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31Dec 07 Oil prices rose solidly on Monday, pushed higher by concerns about instability in Pakistan and tensions on the Turkish border with oil-rich Iraq, dealers said.
Read full story Comments Off Gold heads for largest yearly rise in 30 yearsPosted by UK Economy News
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31Dec 07 Gold was on track for its biggest yearly gain since 1979, with prices hovering on Monday about $10 an ounce away from its historic highs.
Read full story Comments Off Chaos at banks as Zimbabwe extends currency deadlinePosted by UK Economy News
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31Dec 07 Zimbabwe's central bank chief indefinitely extended a deadline Monday to exchange 200,000-dollar bills just hours before they were to cease being legal tender after scenes of chaos at banks across the country.
Read full story Comments Off Oil steady near $96Posted by UK Economy News
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31Dec 07 Oil steadied near $96 a barrel on Monday, heading for its biggest annual gain this decade as dwindling fuel stocks and growing concern over political turmoil offset the impact of a softening U.S. economy.
Read full story Comments Off Pakistan unrest lifts oil pricesPosted by UK Economy News
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31Dec 07 Oil prices headed back towards the historic 100 dollars a barrel level on Monday, pushed higher by concerns over instability in Pakistan and tensions on the Turkish border with oil-rich Iraq, dealers said.
Read full story Comments Off Fraud office demands drug firms’ Iraq documentsPosted by UK Economy News
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31Dec 07 GlaxoSmithKline and AstraZeneca said on Sunday the Serious Fraud Office has asked them to hand over confidential documents, following allegations bribes were paid to win contracts in Iraq.
Read full story Comments Off Wall St Week Ahead: For stocks, recession question to rule 2008Posted by UK Economy News
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31Dec 07 Wall Street is set to end 2007 with modest gains next week and kick off the new year with all eyes trained on jobs data for signs of recession that could make 2008 a hostile environment for stocks.
Read full story Comments Off Cyprus and Malta gear up for euro launchPosted by UK Economy News
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31Dec 07 The tiny Mediterranean islands of Cyprus and Malta began the final countdown on Monday to bid farewell to their national currencies ahead of their entry into the eurozone on January 1.
Read full story Comments Off Vietnam Airlines reports 15.5 percent revenue risePosted by UK Economy News
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31Dec 07 Vietnam Airlines on Monday reported revenues of 1.27 billion dollars for 2007, a year-on-year increase of 15.5 percent, despite high fuel costs and increased competition.
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