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Archive for January 29th, 2008S. Korean tire-maker to build US plantPosted by UK Economy News
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29Jan 08 South Korean tire-maker Kumho Tire Co., Inc., said Tuesday it had signed an agreement to build a 225-million-dollar production plant in the southern US state of Georgia.
Read full story Next rogue trader could hit banks anytimePosted by UK Economy News
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29Jan 08 Forget complex computer software, psychological testing or even morality.
Read full story Comments Off US home foreclosures surgePosted by UK Economy News
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29Jan 08 Home foreclosures spiked across the United States during 2007 leaving more than one percent of all households in danger of losing their homes, an industry report showed Tuesday.
Read full story Comments Off European leaders seek to reassure over economic turmoilPosted by UK Economy News
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29Jan 08 Europe's economic fundamentals remain sound but there is no room for complacency in the face of recent global financial turmoil, five key leaders said after a mini-summit in London Tuesday.
Read full story Comments Off Big Four EU summit on financial market turmoilPosted by UK Economy News
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29Jan 08 Germany, Britain, France and Italy met on Tuesday to discuss how best to address the ongoing financial market turbulence.
Read full story Comments Off France warns off hostile bidders for crisis-hit bankPosted by UK Economy News
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29Jan 08 The French government vowed Tuesday to fight off any hostile takeover bid for Societe Generale as the bank's chairman faced mounting pressure to stand down over multi-billion-euro rogue trade losses.
Read full story Comments Off Kerviel says SocGen must have known of his tradesPosted by UK Economy News
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29Jan 08 The man at the centre of a trading scandal at Societe Generale said that his activities could not have gone undetected by the French bank.
Read full story Comments Off European leaders seek to reassure over economic turmoilPosted by UK Economy News
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29Jan 08 Five key European leaders held a mini-summit here late Tuesday on how to respond to recent global financial turmoil, hoping to reassure markets that Europe's economy can stay on an even keel.
Read full story Comments Off Dollar moves higher on US durable goods, consumer dataPosted by UK Economy News
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29Jan 08 The dollar moved higher against the euro Tuesday as a US durable goods report and a smaller-than-expected decline in consumer confidence raised prospects the Federal Reserve will avoid an aggressive interest rate cut on Wednesday.
Read full story Comments Off Eurozone growth forecast to be lowered but no recession: BarrosoPosted by UK Economy News
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29Jan 08 The European Commission will next month lower its growth projections for the bloc but Europe is not facing a recession, commission President Jose Manuel Barroso said on Tuesday.
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