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Archive for February 18th, 2008British PM defends nationalisation of troubled bankPosted by UK Economy News
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18Feb 08 British Prime Minister Gordon Brown defended on Monday his decision to nationalise troubled lender Northern Rock in the face of fierce criticism and questions over his reputation for economic competence.
Read full story Microsoft says end of HD DVD won’t hurt Xbox 360Posted by UK Economy News
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18Feb 08 Microsoft Corp does not expect sales of its Xbox 360 game console to suffer if Toshiba Corp discontinues HD DVD technology, Microsoft said in a statement on Monday.
Read full story Comments Off Oil is buoyed by supply risksPosted by UK Economy News
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18Feb 08 Oil advanced for a fourth day on Monday, supported by an escalating row between OPEC member Venezuela and oil major Exxon Mobil.
Read full story Comments Off Oil prices climb above 96 dollarsPosted by UK Economy News
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18Feb 08 World oil prices rose on Monday as worries over tight supplies overshadowed concerns that a US recession could dent demand from the world's biggest energy consumer, traders said.
Read full story Comments Off Deutsche Post names new boss amid tax probePosted by UK Economy News
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18Feb 08 Deutsche Post named logistics chief Frank Appel as its new chairman on Monday following the departure of Klaus Zumwinkel who is under investigation in Germany's biggest ever tax evasion probe.
Read full story Comments Off Dollar firmer in quiet European tradePosted by UK Economy News
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18Feb 08 The dollar was slightly firmer Monday in quiet trade, recovering some of the ground lost last week after a series of weak US economic data, dealers said.
Read full story Comments Off Oil rises on supply risks and speculatorsPosted by UK Economy News
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18Feb 08 Oil advanced for a fourth day on Monday, supported by an escalating row between OPEC member Venezuela and oil major Exxon Mobil .
Read full story Comments Off Deutsche Post names new boss amid tax probePosted by UK Economy News
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18Feb 08 Deutsche Post named logistics chief Frank Appel as its new chairman on Monday following the departure of Klaus Zumwinkel who is under investigation in Germany's biggest ever tax evasion probe.
Read full story Comments Off Rio Tinto says talks continuing over 2008 iron ore pricesPosted by UK Economy News
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18Feb 08 Global miner Rio Tinto said Monday it was still discussing 2008 iron ore prices with customers after rival Vale of Brazil won a massive 65 percent increase from its Asian clients.
Read full story Comments Off Northern Rock to remain in FTSE indexes, for nowPosted by UK Economy News
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18Feb 08 Mortgage bank Northern Rock will remain a constituent of stock market indexes such as the FTSE 250 and FTSE All-Share, until further notice, FTSE said on Monday.
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