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Archive for March 25th, 2008Brazil Vale says ends talks to buy with XstrataPosted by UK Economy News
In UK financial news
25Mar 08 Brazil's mining giant Vale has closed takeover negotiations with Swiss rival Xstrata , the company said in a statement sent to the local market regulator on Tuesday.
Read full story Dollar singed as US consumer confidence tumblesPosted by UK Economy News
In UK financial news
25Mar 08 The dollar weakened on foreign exchange markets Tuesday as a gauge that tracks US consumer confidence dived to a five-year low amid mounting economic uncertainty.
Read full story Comments Off Wind power breaks records in SpainPosted by UK Economy News
In UK financial news
25Mar 08 Wind power is breaking new records in Spain, accounting for just over 40 percent of all electricity consumed during a brief period last weekend, the country's wind power association said Tuesday.
Read full story Comments Off Air France-KLM to submit new Alitalia takeover offerPosted by UK Economy News
In UK financial news
25Mar 08 Air France-KLM head Jean-Cyril Spinetta said Tuesday he would submit new proposals to unions at struggling Italian airline Alitalia this week in an effort to get them to back his offer for the carrier.
Read full story Comments Off Oil prices gain as market awaits update on US stockpilesPosted by UK Economy News
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25Mar 08 Oil prices posted some gains Tuesday as investors nervously awaited an update on the latest US energy stockpile figures for clues on American demand, traders said.
Read full story Comments Off India’s Tata Motors quiet on reported Jaguar dealPosted by UK Economy News
In UK financial news
25Mar 08 India's Tata Motors said on Tuesday it had no comment on a report it had clinched the multi billion-dollar purchase of luxury British icons Jaguar and Land Rover from ailing US automaker Ford.
Read full story Comments Off Interest rates rise at weekly ECB refinancing operationPosted by UK Economy News
In UK financial news
25Mar 08 The European Central Bank said on Tuesday that rates in its weekly refinancing operation had risen amid strong demand for funds, suggesting persistent tension on eurozone money markets.
Read full story Comments Off Vale says Xstrata deal not a priorityPosted by UK Economy News
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25Mar 08 The chief executive of Brazilian mining giant Vale said on Tuesday the potential acquisition of Swiss rival Xstrata was not a priority and that Vale was studying other options.
Read full story Comments Off Dollar falls back against euro, yen after US dataPosted by UK Economy News
In UK financial news
25Mar 08 The dollar fell back Tuesday, coming under pressure again as more weak US economic data undercut gains that had been sparked by hopes of an easing of the credit crunch, dealers said.
Read full story Comments Off US home prices slide 10.7 percent in major marketsPosted by UK Economy News
In UK financial news
25Mar 08 Home prices slumped 10.7 percent from a year ago in major US cities as more air came out of the housing bubble, according to a survey released Tuesday.
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