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Archive for January 22nd, 2008Oil prices attempt recovery from steep lossesPosted by UK Economy News
In UK financial news
22Jan 08 World oil prices won back some of the day's heavy losses on Tuesday after news of a surprise US rate cut, and amid global stock market chaos and mounting economic concerns.
Read full story E.ON UK chief demands energy rethinkPosted by UK Economy News
In UK financial news
22Jan 08 Household energy bills must rise and energy companies must revolutionise the way they do business if the world is to combat climate change, the chief executive of power generator E.ON UK said on Tuesday.
Read full story Comments Off Serbia allows Russia a major role in energy businessPosted by UK Economy News
In UK financial news
22Jan 08 Serbia cemented its ties with Russia Tuesday, allowing Moscow a major role in its economy through an agreement with energy giant Gazprom to develop the Balkan country's oil and gas industry.
Read full story Comments Off Boeing wins $1.3 billion Dreamliner order from Air EuropaPosted by UK Economy News
In UK financial news
22Jan 08 Aerospace giant Boeing said Tuesday it has received an order valued at 1.3 billion dollars for eight 787-8 Dreamliners from Spanish carrier Air Europa.
Read full story Comments Off FactboxPosted by UK Economy News
In UK financial news
22Jan 08 (Reuters) - European finance ministers voiced concern on Tuesday as stock markets, spooked by fear of a recession, bled for a second day with scant regard for assurances that Europe would weather a storm blowing from the United States.
Read full story Comments Off Fed slashes U.S. interest rates in emergency movePosted by UK Economy News
In UK financial news
22Jan 08 The U.S. Federal Reserve on Tuesday slashed U.S. interest rates by a hefty three-quarters of a percentage point, the biggest rate cut in more than 23 years, in an emergency bid to lend support to a U.S. economy some fear is on the verge of recession.
Read full story Comments Off US central bank slashes interest rates to 3.50 percentPosted by UK Economy News
In UK financial news
22Jan 08 The US Federal Reserve slashed its key federal funds short-term interest rate by three quarters of a percentage point to 3.50 percent Tuesday amid sharp falls on global stock markets.
Read full story Comments Off Imperial Tobacco wins control of AltadisPosted by UK Economy News
In UK financial news
22Jan 08 A new tobacco giant incorporating well-known brands Regal cigarettes and Montecristo cigars emerged Tuesday as Britain's Imperial Tobacco won control of Franco-Spanish peer Altadis.
Read full story Comments Off Dollar mixed amid global equity slumpPosted by UK Economy News
In UK financial news
22Jan 08 The dollar briefly pressured the euro on Tuesday as dealers reacted to the ongoing global equities slump amid fears over the wider impact of a potential recession in the United States.
Read full story Comments Off Imperial Tobacco wins control of AltadisPosted by UK Economy News
In UK financial news
22Jan 08 Britain's Imperial Tobacco said Tuesday it had won control of Franco-Spanish cigarette maker Altadis after shareholders overwhelmingly backed its bid worth 12.8 billion euros (18.8 billion dollars).
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