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Archive for March 6th, 2008Apple iPhone aiming to dethrone BlackBerryPosted by UK Economy News
In UK financial news
6Mar 08 Apple announced Thursday that its coming iPhone software update is aimed at winning the hearts of business people and dethroning BlackBerry devices.
Read full story Oil falls from record near $106 on profit-takingPosted by UK Economy News
In UK financial news
6Mar 08 Oil prices fell on Thursday as traders took profits from a record rally near $106 a barrel that was fueled by the weak dollar and OPEC's decision to hold crude output steady.
Read full story Comments Off OPEC inaction sets oil up for further spikesPosted by UK Economy News
In UK financial news
6Mar 08 OPEC's decision not to pump more oil when prices are at record peaks almost daily could leave the oil market vulnerable to further price spikes.
Read full story Comments Off Records galore: dollar plunges, oil and gold soarPosted by UK Economy News
In UK financial news
6Mar 08 Currency and commodity markets saw a flurry of record-setting performances Thursday, with the dollar tumbling to a new low against the euro as oil and gold leaped to unprecedented peaks.
Read full story Comments Off US home foreclosures at new high: surveyPosted by UK Economy News
In UK financial news
6Mar 08 US home foreclosures rose to new highs in the fourth quarter of 2007 as loan delinquencies jumped to a 22-year high, the Mortgage Bankers Association reported Thursday.
Read full story Comments Off EBRD posts sliding annual profits, warns over 2008Posted by UK Economy News
In UK financial news
6Mar 08 The European Bank for Reconstruction and Development said Thursday that net earnings fell by a fifth in 2007, reflecting lower gains from the sale of equity investments.
Read full story Comments Off ECB holds interest rates, hikes inflation forecastsPosted by UK Economy News
In UK financial news
6Mar 08 ECB president Jean-Claude Trichet made it clear Thursday the European Central Bank's job was to keep prices in check and signalled he was in no rush to cut interest rates amid slowing growth and rising inflation.
Read full story Comments Off Oil price hit record high near 106 dollars amid New York explosionPosted by UK Economy News
In UK financial news
6Mar 08 Oil prices soared to a record high close to 106 dollars a barrel on Thursday as traders were spooked by a small explosion in New York, a surprise fall in US crude stockpiles and the weak US currency.
Read full story Comments Off EU court rules against Spain in Endesa takeover sagaPosted by UK Economy News
In UK financial news
6Mar 08 Europe's highest court ruled Thursday that Spain illegally defied EU demands to drop restrictions on a foreign takeover of a power company in a case that fuelled fears of protectionism between European nations.
Read full story Comments Off Dollar hits new low after ECB rate callPosted by UK Economy News
In UK financial news
6Mar 08 The dollar extended its losses against the euro on Thursday, tumbling to another record low after the European Central Bank left its rates unchanged and said fighting inflation was a priority.
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