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Archive for April 20th, 2008Oil producers refuse to raise outputPosted by UK Economy News
In UK financial news
20Apr 08 Oil-producing countries have rejected calls to raise output amid record prices -- five times higher in as many years -- saying the rise in demand was artificial.
Read full story Food tops agenda at UN trade conference in GhanaPosted by UK Economy News
In UK financial news
20Apr 08 A warning from UN Secretary General Ban Ki-moon on the possible consequences of the rise in global food prices, together with the plight of the world's poorest nations, dominated the start of a major UN trade conference Sunday in Ghana's capital.
Read full story Comments Off Siemens suspect list takes on global dimension: reportPosted by UK Economy News
In UK financial news
20Apr 08 German prosecutors are investigating 270 suspects as the Siemens corruption probe takes on a truly international dimension, according to a German press report to appear Monday.
Read full story Comments Off Oil multinationals of old admit powerless to influence pricesPosted by UK Economy News
In UK financial news
20Apr 08 Oil-consuming countries and international oil producers acknowledged Sunday they can no longer influence oil prices, as a global gathering of the energy elite got underway in Rome.
Read full story Comments Off BMW China venture plans to nearly triple capacityPosted by UK Economy News
In UK financial news
20Apr 08 BMW's China venture plans to nearly triple capacity by 2012 to meet robust demand in the world's second largest auto market, where growing ranks of moneyed individuals are snapping up the premium models.
Read full story Comments Off Tesco carries out jobs review and could see cutsPosted by UK Economy News
In UK financial news
20Apr 08 Tesco is carrying out an annual review of its staff that could result in cuts, a spokesman for the retailer said on Sunday, after newspapers reported hundreds of jobs could go.
Read full story Comments Off Jaguar Land Rover CEO dies after two-year illnessPosted by UK Economy News
In UK financial news
20Apr 08 The chief executive of Jaguar Land Rover has died in his home country of Australia after a long illness, Ford Motor Co said on Sunday.
Read full story Comments Off Energy producers in driving seat at Rome talksPosted by UK Economy News
In UK financial news
20Apr 08 Consumer countries and international oil firms keen to gain greater access to the world's energy resources are likely to walk away empty-handed from talks with producer nations in Rome.
Read full story Comments Off Nightclub operator Luminar denies buyout talksPosted by UK Economy News
In UK financial news
20Apr 08 Britain's biggest nightclub operator, Luminar , dismissed on Sunday a report that its chief executive held talks with potential backers over a 250 million pound management buyout.
Read full story Comments Off Mercedes says aims to overtake BMW in ChinaPosted by UK Economy News
In UK financial news
20Apr 08 Mercedes Benz launched the GLK small SUV in the Chinese market on Sunday, and its head, Daimler Chief Executive Dieter Zetsche, said he was convinced the group would overtake German rival BMW in the fast-growing market.
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