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Archive for February 25th, 2008Oil prices firm amid Iraq-Turkey unrestPosted by UK Economy News
In UK financial news
25Feb 08 Oil prices rose on Monday, with New York close to 99 dollars a barrel, as Turkey's offensive in Iraq and fears of a forthcoming OPEC output cut sparked fresh supply worries, dealers said.
Read full story US existing home sales fall; no clear sign of bottomPosted by UK Economy News
In UK financial news
25Feb 08 Sales of previously owned homes in the United States fell to a nine-year low in January, raising no immediate sign the prolonged housing slump is bottoming out, industry data showed Monday.
Read full story Comments Off Visa sets possible $18.8 bln IPOPosted by UK Economy News
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25Feb 08 Visa, the world's largest credit card network, said it may raise up to $18.8 billion (9.55 billion pounds) in the largest U.S. initial public offering, amid concern that the global credit crunch could eat into transaction volumes.
Read full story Comments Off Tata to seal Jaguar, Land Rover buy next week: reportPosted by UK Economy News
In UK financial news
25Feb 08 India's Tata Motors will announce its purchase of luxury British brands Jaguar and Land Rover from struggling US automaker Ford Motor Co. on March 5 or 6, industry press reported Monday.
Read full story Comments Off Dollar slightly firmerPosted by UK Economy News
In UK financial news
25Feb 08 The dollar got some support Monday from slightly better than expected US home sales figures but had to give back some of its gains amid persistent concerns on the US economic outlook, dealers said.
Read full story Comments Off Oil prices firm amid Iraq-Turkey unrestPosted by UK Economy News
In UK financial news
25Feb 08 Oil prices rose on Monday, with New York close to 99 dollars a barrel, as Turkey's offensive in Iraq and fears of a forthcoming OPEC output cut sparked fresh supply worries, dealers said.
Read full story Comments Off Pentagon decision looms on Boeing, EADS contract battlePosted by UK Economy News
In UK financial news
25Feb 08 The US Defense Department on Monday is to weigh rival bids for a huge military aircraft contract that pits US aerospace giant Boeing against Europe's EADS and its US partner Northrop Grumman.
Read full story Comments Off Getty Images oks 2.4-bln-dlr private equity buyoutPosted by UK Economy News
In UK financial news
25Feb 08 Getty Images, a major provider of digital media, said Monday it had agreed to be taken over by affiliates of the Hellman & Friedman LLC private equity firm for 2.4 billion dollars.
Read full story Comments Off Greenspan backs sovereign funds investing in USPosted by UK Economy News
In UK financial news
25Feb 08 Former US Federal Reserve chairman Alan Greenspan said on Monday that opposition to investments by Gulf and Asian sovereign wealth funds in the United States did not serve US interests.
Read full story Comments Off IMF slashes Canada’s growth outlook on US slowdownPosted by UK Economy News
In UK financial news
25Feb 08 The International Monetary Fund on Monday slashed a half point from its 2008 Canadian economic growth forecast, to 1.8 percent, mainly due to a weakening US economy.
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