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Archive for January 29th, 2008EU court supports privacy of music downloadersPosted by UK Economy News
In UK financial news
29Jan 08 Europe's top court on Tuesday dealt a blow to the defenders of authors' rights, upholding a Spanish Internet provider's refusal to reveal the identity of customers sharing music downloads.
Read full story IMF to world economy: no one escapes U.S. slowdownPosted by UK Economy News
In UK financial news
29Jan 08 European leaders seek to reassure over economic turmoilPosted by UK Economy News
In UK financial news
29Jan 08 Key European leaders headed for London Tuesday to discuss 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 France warns off hostile bidders for crisis bank Societe GeneralePosted by UK Economy News
In UK financial news
29Jan 08 The French government vowed Tuesday to fight off any hostile takeover bid for Societe Generale, but warned the bank is in "crisis" following massive losses blamed on a rogue trader.
Read full story Comments Off IMF lowers global growth forecast, citing financial crisisPosted by UK Economy News
In UK financial news
29Jan 08 The International Monetary Fund on Tuesday lowered its 2008 global growth outlook, citing a US financial crisis that is putting emerging economies at risk.
Read full story Comments Off TUI says it will form a low-cost airline with LufthansaPosted by UK Economy News
In UK financial news
29Jan 08 German travel and transport group TUI and airline Lufthansa are working on creating a new low-cost carrier, the TUI Travel subsidiary said on Tuesday.
Read full story Comments Off Oil prices hold near 91 dollarsPosted by UK Economy News
In UK financial news
29Jan 08 World oil prices fell in New York and rose in London Tuesday as traders eyed volatile global stock markets and awaited US energy stockpiles data, a US interest rate call and an OPEC production meeting later in the week.
Read full story Comments Off US home foreclosures surgePosted by UK Economy News
In UK financial news
29Jan 08 Home foreclosures spiked across the United States during 2007 leaving over one percent of all households in danger of losing their homes, an industry report showed Tuesday.
Read full story Comments Off Prudential 2007 sales upPosted by UK Money News
In UK financial news
29Jan 08 Prudential reported a 16 percent rise in 2007 sales on Tuesday boosted by business in Asia, where it said growth would soften in 2008 after a bumper year.
Read full story Comments Off Gold strikes fresh record high above 930 dollarsPosted by UK Economy News
In UK financial news
29Jan 08 Gold prices hit a record high 933.33 dollars here on Tuesday as the market was driven higher by production problems in key producer South Africa and the weak US dollar.
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