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Archive for May 2nd, 2008No US economic recovery this year: IMF chiefPosted by UK Economy News
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2May 08 International Monetary Fund chief Dominique Strauss-Kahn said Friday that he does not see the US economy recovering from its current doldrums this year.
Read full story US slowdown affects Europe growth: French PMPosted by UK Economy News
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2May 08 Visiting French Prime Minister Francois Fillon insisted here Friday that the French and European economies are sound, but that the US economic slowdown will effect Europe's growth.
Read full story Comments Off Microsoft and Yahoo in takeover talks: sourcePosted by UK Economy News
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2May 08 Microsoft and Yahoo began takeover talks Friday with the US software giant open to raising its 44.6-billion-dollar bid for the struggling Internet pioneer, a source close to the situation told AFP.
Read full story Comments Off US, European central banks step up credit crisis battlePosted by UK Economy News
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2May 08 The US Federal Reserve and key European central banks on Friday announced a fresh offensive against a global credit crisis that has gridlocked lending and slowed the world economy.
Read full story Comments Off With modest job losses, US economy defies doomsayersPosted by UK Economy News
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2May 08 The US labor market held up better than expected in April, with 20,000 jobs cut in the month, according to data Friday that analysts said signaled a mild economic downturn but not a calamity.
Read full story Comments Off US economic slowdown affects Europe growth: French PMPosted by UK Economy News
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2May 08 French Prime Minister Francois Fillon insisted here Friday that the French and European economies are sound, but that the US economic slowdown will effect Europe's growth.
Read full story Comments Off Food crisis payback for ‘20 years of mistakes’: UN expertPosted by UK Economy News
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2May 08 The UN's new top advisor on food blamed two decades of wrong-headed policies by world powers for the food crisis sweeping the globe, in a stinging interview published on his first day in office Friday.
Read full story Comments Off Chevron Pembroke units to be restarted soonPosted by UK Economy News
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2May 08 Chevron Corp. said on Friday it expects processing units at its Pembroke refinery to be brought on line soon after steam plant is restarted this weekend.
Read full story Comments Off Oil prices rally as Turkey bombs Kurds in IraqPosted by UK Economy News
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2May 08 The price of oil climbed back towards 114 dollars on Friday on news that Turkish planes had bombed Kurdish rebel hideouts in oil-rich Iraq overnight, analysts said.
Read full story Comments Off Oil rises over $114 on U.S. jobs dataPosted by UK Economy News
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2May 08 Oil rebounded over $114 a barrel on Friday after three straight days of falls, after better-than-expected U.S. jobs data eased worries about a deep recession in the world's top crude consumer.
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