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Archive for April 14th, 2008Brazil finds new oil field, possibly among biggest in the worldPosted by UK Economy News
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14Apr 08 Brazil has discovered a new offshore oil field that could prove to be "the third biggest field in the world," the head of the country's National Oil Agency, Haroldo Lima, said Monday.
Read full story Dollar struggles despite retail sales reboundPosted by UK Economy News
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14Apr 08 The US dollar was generally weaker on foreign exchange markets Monday despite a better-than-expected rebound in retail sales last month.
Read full story Comments Off White House releases 200 million in food crisis aidPosted by UK Economy News
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14Apr 08 The White House on Monday authorized the release of 200 million dollars in emergency food aid to help alleviate a growing global food crisis, a spokeswoman said.
Read full story Comments Off US banks set to offer fresh apologies as losses rack upPosted by UK Economy News
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14Apr 08 Some of America's biggest banks are due to release their latest earnings this week, but investors are likely to be disappointed as many banks are expected to announce fresh losses.
Read full story Comments Off US March retail sales rebound 0.2 percentPosted by UK Economy News
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14Apr 08 US retail sales rebounded 0.2 percent in March after declining sharply in the prior month as consumers appeared to step up spending despite swirling economic pressures, a government report showed Monday.
Read full story Comments Off Oil prices surge to new records on supply woes, weak dollarPosted by UK Economy News
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14Apr 08 World oil prices surged Monday, although London prices failed to hold on to record peaks, amid fresh supply jitters and lingering concerns about the ailing US dollar, traders said.
Read full story Comments Off Pressure mounts on farming powers amid food crisisPosted by UK Economy News
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14Apr 08 Pressure mounted Monday on global farming powers to ramp up production in the face of warnings that soaring food prices could drive 100 million people deeper into abject poverty.
Read full story Comments Off Brent crude breaks through 110 dlrs for first timePosted by UK Economy News
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14Apr 08 The price of Brent North Sea crude oil traded in London broke through the 110-dollar mark for the first time Monday, trading at 110.01 dollars and establishing a new record high.
Read full story Comments Off Google-Salesforce alliance aims at Microsoft software marketPosted by UK Economy News
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14Apr 08 Google and Salesforce.com on Monday announced an expanded alliance to deliver online programs competing with packaged software at the heart of Microsoft's global empire.
Read full story Comments Off China bids to keep higher industrial tariffs at WTOPosted by UK Economy News
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14Apr 08 China on Monday sought to persuade the World Trade Organisation to let it keep higher tariffs on industrial goods in any global trade deal, sparking fierce opposition from developed countries.
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