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Archive for February 15th, 2008Wal-Mart drives another nail in HD-DVD coffinPosted by UK Economy News
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15Feb 08 Top US retailer Wal-Mart on Friday drove another nail a coffin for Toshiba's HD DVD video disks by announcing it would shift to exclusively selling Japanese rival Sony's format Blu-ray.
Read full story Comments Off Oil steady as U.S. economic concerns weighPosted by UK Economy News
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15Feb 08 Oil held steady over $95 a barrel on Friday after a series of bleak reports hit the economic outlook for top energy consumer the United States, helping erase earlier gains on supply concerns.
Read full story Comments Off Northern Rock board submits revised buyout offer: officialsPosted by UK Economy News
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15Feb 08 The board of Northern Rock has submitted a revised offer to buy out the troubled British bank, upping the amount of money it is prepared to pump in, it said Friday.
Read full story Comments Off Iberia makes formal offer to SAS for Spanair: reportsPosted by UK Economy News
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15Feb 08 Spain's Iberia on Friday formally presented an offer to buy the country's second largest airline, Spanair, from Scandinavian carrier SAS, Spanish media said.
Read full story Comments Off Germany stunned by massive tax evasion probePosted by UK Economy News
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15Feb 08 Germany faced Friday what was described as its biggest tax evasion probe ever after "hundreds" of people, including prominent figures, were said to have hidden assets in Liechtenstein.
Read full story Comments Off Oil prices mixed as supply worries percolatePosted by UK Economy News
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15Feb 08 Oil prices were mixed Friday as global supply concerns were stoked by lingering fears over problems in Nigeria and Venezuela, traders said.
Read full story Comments Off Regulators to tighten up on supermarketsPosted by UK Economy News
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15Feb 08 The competition watchdog on Friday said it was proposing a series of measures designed to ensure British supermarkets face a real competitive environment.
Read full story Comments Off Stolen Petrobras data may compromise key Brazil oil find: reportsPosted by UK Economy News
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15Feb 08 The theft of computers containing secret information belonging to Brazil's state oil company Petrobras may compromise a huge recent oil discovery considered a national strategic asset, media reported Friday.
Read full story Comments Off Oil falls on U.S. economic concernsPosted by UK Economy News
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15Feb 08 Oil fell Friday after a series of bleak reports hit the economic outlook for top energy consumer, the United States.
Read full story Comments Off Emerging countries give mixed reaction to WTO ideas to break Doha deadlockPosted by UK Economy News
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15Feb 08 Developing countries on Friday welcomed WTO proposals to reduce barriers to farm trade but voiced reservations on those calling for a further opening of their own markets for industrial goods.
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