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Archive for January 5th, 2008European Central Bank ready to intervene against inflation: TrichetPosted by UK Economy News
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5Jan 08 European Central Bank President Jean-Claude Trichet said Saturday that the bank was ready to act to control inflation -- five days ahead of an ECB decision on whether to hike eurozone interest rates.
Read full story Comments Off Zambia signs $1.2 billion crude oil deal with Kuwait firmPosted by UK Economy News
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5Jan 08 The Zambian government has awarded a 1.2 billion dollar crude oil deal to a Kuwait firm to supply over 1.4 million tonnes of oil to the southern African nation, an official said.
Read full story Comments Off EADS aerospace group faces new problems with military plane: reportPosted by UK Economy News
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5Jan 08 The European aerospace giant EADS is facing new problems with its A400M military transport plane which could delay its maiden flight expected in July, a Germany weekly reported.
Read full story Comments Off India’s Mahindra may pull out of Renault-Nissan car venture: reportPosted by UK Economy News
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5Jan 08 Indian vehicle maker Mahindra and Mahindra may pull out of a joint venture with France's Renault and Japan's Nissan to build a one-billion-dollar car plant in India, media reports said Saturday.
Read full story Comments Off India’s finance minister calls for lower interest ratesPosted by UK Economy News
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5Jan 08 India's finance minister has called on banks to lower interest rates to keep Asia's third-largest economy expanding strongly amid fears aggressive monetary tightening could slow growth.
Read full story Comments Off Credit rating agency may downgrade Tata if Jaguar bid succeedsPosted by UK Economy News
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5Jan 08 Credit ratings agency Moody's says it may cut the ratings of Tata Motors if it buys Ford's Jaguar and Land Rover units, saying the acquisition could create "substantial" challenges for the Indian company.
Read full story Comments Off Decision on future of Northern Rock in six weeks: reportPosted by UK Economy News
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5Jan 08 The future of ailing British bank Northern Rock -- including possible nationalisation -- is to be decided in the next six weeks, finance minister Alistair Darling said in an interview out Saturday.
Read full story Comments Off Moody’s says may downgrade Tata Motors if Jaguar bid succeedsPosted by UK Economy News
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5Jan 08 Credit ratings agency Moody's says it may cut the ratings of Tata Motors if it buys Ford's Jaguar and Land Rover units, saying the acquisition could create "substantial" challenges for the Indian company.
Read full story Comments Off ADB lends, invests 214 mln dlrs in China airportsPosted by UK Economy News
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5Jan 08 The Asian Development Bank (ADB) is to lend and invest a total of 214 million dollars in China's airports, its first foray into the sector, the Manila-based financial institution announced Saturday.
Read full story Comments Off Russia’s Gazprom eyes Nigerian gas reserves: reportPosted by UK Economy News
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5Jan 08 Russia's state-owned gas giant Gazprom is reportedly eyeing a "mindboggling" stake in Nigeria's energy reserves in a bid to trump US, Chinese and Indian interests.
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