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Archive for April 14th, 2008Dollar falls against euro even as US data beats expectationsPosted by UK Economy News
In UK financial news
14Apr 08 The dollar fell against the euro Monday despite a slightly stronger-than-expected US retail sales report and despite news that eurozone industrial output was slowing.
Read full story Comments Off BA boss says ‘no intention’ of resigning over terminal fiascoPosted by UK Economy News
In UK financial news
14Apr 08 British Airways chief executive Willie Walsh said Monday he had "no intention" of resigning over the disastrous opening of London Heathrow airport's new Terminal 5.
Read full story Comments Off EU under pressure to raise farm output amid soaring food pricesPosted by UK Economy News
In UK financial news
14Apr 08 EU agriculture ministers faced pressure on Monday to ramp up farm output in the face of dire warnings that soaring global food prices could drive 100 million people in poor countries deeper into poverty.
Read full story Comments Off British producer prices surge close to 17-year highPosted by UK Economy News
In UK financial news
14Apr 08 The cost of goods leaving British factories leapt in March by the largest amount since 1991 owing to higher taxes and prices for raw materials, official data showed on Monday.
Read full story Comments Off Brazil’s Petrobas awards major contracts to Norway’s Seadrill, MPFPosted by UK Economy News
In UK financial news
14Apr 08 Brazilian oil group Petrobras has awarded the Norwegian oil services companies Seadrill and MPF two contracts that could be worth more than 5.0 billion dollars (3.2 billion euros), Seadrill and MPF said on Monday.
Read full story Comments Off Japan, ASEAN finish inking free trade pact: statementPosted by UK Economy News
In UK financial news
14Apr 08 Japan and the Association of Southeast Asian Nations said Monday they had finished signing a deal to tear down trade barriers between the world's second-largest economy and the 10-member bloc.
Read full story Comments Off Siemens wins UK power contractPosted by UK Economy News
In UK financial news
14Apr 08 German industrial conglomerate Siemens has won a 665 million-pound order to build and service a combined-cycle power plant in Wales, for which it was the preferred bidder.
Read full story Comments Off Oil prices easier below 110 dollarsPosted by UK Economy News
In UK financial news
14Apr 08 Oil prices eased from recent highs in Asian trade on Monday after international finance ministers warned that near-term global economic prospects have weakened.
Read full story Comments Off Philips core profit drops as TV business hurtsPosted by UK Economy News
In UK financial news
14Apr 08 Philips Electronics reported a bigger-than-expected 28 percent drop in quarterly core profit on Monday, as its television business sank deeper into the red, and warned it expected some developed economies to slow.
Read full story Comments Off Islamic banking needs regulator support: Moody’sPosted by UK Economy News
In UK financial news
14Apr 08 East Asia's Islamic banking industry needs more support from regulators if it is to grow significantly, Moody's Investors Service said Monday.
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