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Archive for January 26th, 2008French police hold ‘rogue-trader’ for questioningPosted by UK Economy News
In UK financial news
26Jan 08 French trader Jerome Kerviel, who allegedly cost banking giant Societe Generale 4.9 billion euros (7.15 billion dollars) in losses, remained in police custody in Paris late Saturday and was cooperating with authorities.
Read full story German officials look into Nokia state subsidiesPosted by UK Economy News
In UK financial news
26Jan 08 German officials said Saturday they were looking into whether Nokia, which recently said it would close its factory in the western city of Bochum, had received more state subsidies than it was due.
Read full story Comments Off World Economic Forum wraps up with warnings for 2008Posted by UK Economy News
In UK financial news
26Jan 08 The head of the IMF hammered home the problems facing the world economy in Davos on Saturday, sounding a final gloomy note as the annual gathering of the world's elite wrapped up.
Read full story Comments Off WTO ministers hope for April breakthroughPosted by UK Economy News
In UK financial news
26Jan 08 WTO members are hoping to agree on the most difficult parts of the stalled Doha round of trade talks in April, the Swiss economy minister said Saturday, launching a new calendar for the stalled negotiations.
Read full story Comments Off Truckers stuck in border jams threaten to block WarsawPosted by UK Economy News
In UK financial news
26Jan 08 Polish truckers, fed up with massive queues at border crossings due to a protest by customs staff, threatened Saturday to block Warsaw and other cities in the country.
Read full story Comments Off Commodities crime wave sweeps rural USPosted by UK Economy News
In UK financial news
26Jan 08 A wave of crime is sweeping rural America, with organized gangs and petty thieves heisting commodities ranging from wheat to almonds, copper wires to hardwood trees.
Read full story Comments Off Eurofighter to cost several more billion euros: reportPosted by UK Economy News
In UK financial news
26Jan 08 The bill for the Eurofighter combat jets developed by a consortium of four European countries is going to cost over 10 billion euros more than expected, the German magazine Focus has reported.
Read full story Comments Off South African mines closed over weekend amid power crisisPosted by UK Economy News
In UK financial news
26Jan 08 Diamond, gold and platinum mines in South Africa were shut for the weekend owing to an electricity shortage that has crippled the sector and left thousands of miners without work, officials said.
Read full story Comments Off WTO ministers hope for April breakthroughPosted by UK Economy News
In UK financial news
26Jan 08 WTO members are hoping to agree on the most difficult parts of the stalled Doha round of trade talks in April, the Swiss economy minister said Saturday, raising new hopes of a breakthrough.
Read full story Comments Off Japan’s Matsushita and Toshiba to realign battery business: reportsPosted by UK Economy News
In UK financial news
26Jan 08 Japanese electronic makers Matsushita and Toshiba are planning major consolidation of their battery businesses amid surging prices of raw materials and rare metals, news reports said Saturday.
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