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Archive for February 21st, 2008News Corp increases stake in German TV channel PremierePosted by UK Economy News
In UK financial news
21Feb 08 News Corp, the flagship of media tycoon Rupert Murdoch, said Thursday it had increased its stake in German pay television channel Premiere to 19.9 percent from 14.6 percent.
Read full story Microsoft cozies up to open-source software communityPosted by UK Economy News
In UK financial news
21Feb 08 Microsoft on Thursday announced it is increasing the openness of its software to make it easier for outside developers to customize applications for its products.
Read full story Comments Off Bank nationalisation bill hits roadblock in British parliamentPosted by UK Economy News
In UK financial news
21Feb 08 British Prime Minister Gordon Brown's government suffered fresh embarrassment over Northern Rock Thursday when the second parliamentary chamber voted down a bill temporarily to nationalise the troubled bank.
Read full story Comments Off Oil prices pause after striking record high 101.32 dollarsPosted by UK Economy News
In UK financial news
21Feb 08 World oil prices paused Thursday as traders caught their breath after a record-breaking run to 101.32 dollars per barrel that was fuelled by intensifying supply concerns, analysts said.
Read full story Comments Off Dollar under pressure after more weak dataPosted by UK Economy News
In UK financial news
21Feb 08 The dollar was under more pressure Thursday after another set of weak US economic data added to concerns that the world's largest economy risks falling into recession.
Read full story Comments Off German Dresdner Bank to pay its share of the US subprime crisisPosted by UK Economy News
In UK financial news
21Feb 08 The international banking crisis has cost the German Dresdner Bank dearly, and more troubles may lie ahead, directors said Thursday.
Read full story Comments Off Oil seen heading higher after topping $100Posted by UK Economy News
In UK financial news
21Feb 08 Oil prices that hit a record high this week are likely to continue to rise for a while yet as supply worries and investor demand for commodities outweigh concerns of economic slowdown.
Read full story Comments Off Liechtenstein defies German pressure over banksPosted by UK Economy News
In UK financial news
21Feb 08 Liechtenstein vowed Thursday to uphold investor privacy despite intense pressure from Germany to end its cherished banking secrecy which helps keep the tiny country rich.
Read full story Comments Off EU says Microsoft move doesn’t address tying allegationPosted by UK Economy News
In UK financial news
21Feb 08 The European Commission said Microsoft's announcement on Thursday that it was boosting interoperability did not resolve allegations of product tying and it would try to verify the pledges by the company.
Read full story Comments Off Gold, platinum hit record highs on dollar, oilPosted by UK Economy News
In UK financial news
21Feb 08 Gold and platinum set historic highs in choppy trade on Thursday, with strong oil prices, a struggling dollar and supply worries boosting investor interest.
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