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Archive for April 6th, 2008OPEC chief rejects calls for output hikePosted by UK Economy News
In UK financial news
6Apr 08 OPEC Secretary General Abdullah al-Badri has rejected calls from oil consuming states for a hike in the cartel's crude output, saying that non-fundamental factors were to blame for current high prices.
Read full story ECB to hold interest rates steady in light of record inflation: analystsPosted by UK Economy News
In UK financial news
6Apr 08 The European Central Bank should hold firm on interest rates when governors meet here Thursday, with record inflation a greater concern than slowing economic activity, analysts say.
Read full story Comments Off Deutsche Telekom faces investors’ ire in mammoth trialPosted by UK Economy News
In UK financial news
6Apr 08 Deutsche Telekom will be in the dock from Monday in a case already rewriting German legal history, brought on behalf of 16,000 shareholders who feel cheated by the former public phone company.
Read full story Comments Off Crisis, what crisis? say Swiss financiers amid UBS woesPosted by UK Economy News
In UK financial news
6Apr 08 Swiss ministers and financiers are striving to reassure markets and citizens there is no banking crisis even as the once-mighty UBS totters after losing billions of dollars in subprime exposure.
Read full story Comments Off Alarm bells ring in European industry over euro-dollar outlookPosted by UK Economy News
In UK financial news
6Apr 08 The strong euro is ringing alarm bells in the boardrooms of big European industrial groups as they look to reduce vulnerability to high euro-based production costs by setting up facilities in eastern Europe and the United States.
Read full story Comments Off Microsoft CEO sets deadline for Yahoo dealPosted by UK Economy News
In UK financial news
6Apr 08 Yahoo Inc has three weeks to accept Microsoft Corp's $31-a-share cash-and-stock offer or Microsoft may lower its bid and take its offer to Yahoo investors, Microsoft said on Saturday.
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