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Archive for February 20th, 2008Oil steadies at $100 after touching record highPosted by UK Economy News
In UK financial news
20Feb 08 Oil steadied near $100 a barrel after hitting a fresh record on Wednesday as supply concerns outweighed worries about the U.S. economy.
Read full story Oil prices rocket to record high 100.40 dollars per barrelPosted by UK Economy News
In UK financial news
20Feb 08 World oil prices raced to an historic high of 100.40 dollars a barrel on Wednesday as the market was driven higher by renewed global supply jitters, analysts said.
Read full story Comments Off Universal, Hasbro team up in game, toy movie dealPosted by UK Economy News
In UK financial news
20Feb 08 Universal Pictures and Hasbro Inc. said Wednesday they have teamed up to produce at least four movies based on some of Hasbro's brands, which include Monopoly, Clue, Candyland and Stretch Armstrong.
Read full story Comments Off NY oil prices hit a record 100.40 dollarsPosted by UK Economy News
In UK financial news
20Feb 08 New York oil prices hit a record 100.40 dollars a barrel Wednesday on renewed global supply jitters.
Read full story Comments Off Profit for Anglo American mining giant higher on soaring output, pricesPosted by UK Economy News
In UK financial news
20Feb 08 Global mining giant Anglo American on Wednesday said its 2007 net profit jumped 18 percent to 7.30 billion dollars (4.96 billion euros), boosted by high output and soaring metals prices.
Read full story Comments Off Zimbabwe annual inflation over 100,000 percent, official figuresPosted by UK Economy News
In UK financial news
20Feb 08 Zimbabwe's annual inflation rate has soared to over 100,000 percent, weeks ahead of elections in the southern African country, according to official figures obtained by AFP on Wednesday.
Read full story Comments Off Oil falls from record above $100 a barrelPosted by UK Economy News
In UK financial news
20Feb 08 Oil retreated on Wednesday, a day after hitting a record high above $100 a barrel, as investors focused on a U.S. report expected to show crude stockpiles rose for a sixth week.
Read full story Comments Off January US housing starts up 0.8 pct, permits down 3.0 pctPosted by UK Economy News
In UK financial news
20Feb 08 US housing starts climbed 0.8 percent in January from the prior month while building permits, a gauge of future activity in the troubled real-estate sector, fell 3.0 percent, a government report said Wednesday.
Read full story Comments Off ECB allocates 60 billion euros amid easing money market tensionPosted by UK Economy News
In UK financial news
20Feb 08 The European Central Bank allocated 60 billion euros (88 billion dollars) during an exceptional three month refinancing operation marked by easing tensions on eurozone money markets, ECB figures showed Wednesday.
Read full story Comments Off FACTBOX-Why oil prices are at a record highPosted by UK Economy News
In UK financial news
20Feb 08 (Reuters) - U.S. crude oil hit an all-time high of $100.10 a barrel on Tuesday, 1 cent above the previous record peak reached on January 3.
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