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Archive for April 4th, 2008Firms cautious as Venezuela nationalizes cement industryPosted by UK Economy News
In UK financial news
4Apr 08 Foreign-owned cement companies operating in Venezuela reacted with caution Friday to President Hugo Chavez's announcement that their assets would be nationalized.
Read full story US job losses deepen in March as employers cut 80,000 postsPosted by UK Economy News
In UK financial news
4Apr 08 US employers cut a surprisingly large 80,000 jobs in March, the biggest decline in employment in five years, a government report showed Friday in another ominous sign for economy.
Read full story Comments Off Verizon to use new spectrum for advanced wirelessPosted by UK Economy News
In UK financial news
4Apr 08 Verizon Wireless said on Friday it would use the airwaves it won in a government auction last month for its next generation of high-speed wireless services, expected to debut around 2010.
Read full story Comments Off US hedge fund terminates planned Delphi investmentPosted by UK Economy News
In UK financial news
4Apr 08 US hedge fund Appaloosa Management and its financial allies have dropped a plan to invest 2.55 billion dollars in Delphi Corp., which could have helped the auto parts maker emerge from bankruptcy.
Read full story Comments Off WTO calls off Doha trade meeting planned for April: sourcePosted by UK Economy News
In UK financial news
4Apr 08 World trade ministers have called off a meeting planned here for this month in the absence of sufficient progress toward a global trade liberalisation deal, a source close to the talks said Friday.
Read full story Comments Off Production plummets as Romanian car strike continuesPosted by UK Economy News
In UK financial news
4Apr 08 Negotiations remained stalled Friday between management and unions as a strike for better wages at the French-owned Romanian car plant Dacia brought production down to a trickle.
Read full story Comments Off Eurozone finance chiefs see looming growth, inflation risksPosted by UK Economy News
In UK financial news
4Apr 08 Eurozone finance chiefs warned on Friday that the 15-nation bloc faced growing risks to economic growth and inflation, but insisted there was currently no threat of a recession.
Read full story Comments Off Tesco takes legal action against Guardian newspaperPosted by UK Economy News
In UK financial news
4Apr 08 Supermarket group Tesco has begun legal proceedings against publishers of the Guardian newspaper and its editor Alan Rusbridger for libel and malicious falsehood, the company said in a statement on Friday.
Read full story Comments Off Oil prices spike near 106 dollars as US currency slidesPosted by UK Economy News
In UK financial news
4Apr 08 Oil prices jumped close to 106 dollars on Friday as investor sentiment was driven by the weak US dollar, tight energy supplies and more bad news on the US economy, analysts said.
Read full story Comments Off Spain’s Santander to buy RBS consumer credit unitPosted by UK Economy News
In UK financial news
4Apr 08 Santander, Spain's biggest bank, said Friday it would acquire the consumer credit activities of Royal Bank of Scotland in continental Europe, its second such move in just over a week.
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