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Archive for February 22nd, 2008ABN announces post-merger investment bank rolesPosted by UK Money News
In UK financial news
22Feb 08 Dutch-based bank ABN AMRO , which is being bought by three rivals led by Royal Bank of Scotland , unveiled some investment banking job changes on Friday that will take place once the deal closes.
Read full story EU and U.S. vow crackdown on computer counterfeitsPosted by UK Economy News
In UK financial news
22Feb 08 EU and U.S. senior officials said on Friday they would crack down on counterfeiting of computer components after they seized over 360,000 fake items in just two weeks in a joint operation at the end of last year.
Read full story Comments Off Intel to produce chip for low-cost computer marketPosted by UK Economy News
In UK financial news
22Feb 08 US semiconductor giant Intel Corporation plans to produce a chip for the low-cost computer market, a spokesman for the group said Friday, confirming media reports.
Read full story Comments Off Barclays raises 2015 U.S. crude forecast to $137Posted by UK Economy News
In UK financial news
22Feb 08 Investment bank Barclays Capital raised its forecast for U.S. crude oil in 2015 to $137 a barrel from $93 after supply concerns helped prices hit fresh record highs this week.
Read full story Comments Off Oil prices rise on Turkish move into IraqPosted by UK Economy News
In UK financial news
22Feb 08 Oil prices headed back towards record highs Friday with New York crude nearing 99 dollars as the market reacted to Turkey's move into northern Iraq amid persistent concerns about supply, traders said.
Read full story Comments Off Former VW works committee chief jailed for two yearsPosted by UK Economy News
In UK financial news
22Feb 08 Former Volkswagen works committee chief Klaus Volkert was sentenced to two years and nine months in jail Friday for his role in a 2005 corruption scandal that hit Europe's biggest carmaker.
Read full story Comments Off BAT says Tekel deal to win cost savings of 30 mlnPosted by UK Economy News
In UK financial news
22Feb 08 British American Tobacco on Friday confirmed it had won the auction for the Turkish state-owned cigarette company Tekel after beating off three Turkish competitors with the highest bid of $1.72 billion (875 million pounds).
Read full story Comments Off Dollar dips against euro after positive eurozone surveyPosted by UK Economy News
In UK financial news
22Feb 08 The dollar slid further against the euro on Friday when the single currency was lifted by a positive business survey in the 15-nation eurozone, analysts said.
Read full story Comments Off Bridgepoint to buy Pret A MangerPosted by UK Economy News
In UK financial news
22Feb 08 European private equity firm Bridgepoint said on Friday it agreed to buy a majority stake in Pret A Manger in a deal that a source said valued the sandwich chain at 345 million pounds.
Read full story Comments Off Vale says Baosteel agrees to 65 pct ore price hikePosted by UK Economy News
In UK financial news
22Feb 08 Brazil's mining giant Vale said on Friday it secured a 65 percent rise in iron ore prices for 2008 from China's largest steelmaker Baosteel Group .
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