Read full story
Comments Off
|
Archive for May 5th, 2008Dollar drifts down, digests gainsPosted by UK Economy News
In Uncategorized
5May 08 The dollar drifted lower Monday as traders consolidated positions after last week's gains for the greenback and paid little heed to a strong report on the US service sector.
Read full story Iraq, Boeing confirm 2.2 billion-dollar plane orderPosted by UK Economy News
In Uncategorized
5May 08 The Iraqi government has ordered 30 Boeing 737 commercial airplanes in a deal worth up to 2.2 billion dollars and taken options on 10 more, the two parties announced Monday.
Read full story Comments Off Yahoo shares dive after Microsoft abandons bidPosted by UK Economy News
In Uncategorized
5May 08 Yahoo shares plummeted Monday as the Internet giant's future became clouded after Microsoft walked away from a bid rather than pursue a hostile takeover.
Read full story Comments Off IMF chief economist resignsPosted by UK Economy News
In Uncategorized
5May 08 The International Monetary Fund's chief economist, Simon Johnson, announced Monday he is resigning, a year after taking the post, to return to research and teaching.
Read full story Comments Off New York oil price crosses 120 dollars for first timePosted by UK Economy News
In Uncategorized
5May 08 Oil prices crossed 120 dollars a barrel for the first time Monday following fresh unrest in Nigeria, Africa's largest oil producer, and rising tensions between the West and Iran.
Read full story Comments Off Oil jumps $4 to record over $120 on weak dollarPosted by UK Economy News
In Uncategorized
5May 08 Oil jumped more than $4 to a record high over $120 a barrel on Monday on the weaker U.S. dollar and supply concerns from OPEC members Nigeria and Iran.
Read full story Comments Off Yahoo may see hedge fund heat after Microsoft bidPosted by UK Economy News
In Uncategorized
5May 08 Yahoo Inc, whose shares fell as much as 20 percent on Monday after Microsoft Corp dropped its $47.5 billion (24 billion pounds) bid for the Web company, is likely to face pressure and possibly a proxy battle from activist hedge funds looking to revive the deal.
Read full story Comments Off India’s Bharti says in exploratory’ talks with SAfrica’s MTNPosted by UK Economy News
In Uncategorized
5May 08 India's top mobile phone firm Bharti Airtel said Monday it had launched "exploratory" talks with Africa's biggest cellular operator MTN Group, a move which could lead to a possible takeover offer.
Read full story Comments Off GM hit by strike at Chevy Malibu plantPosted by UK Economy News
In Uncategorized
5May 08 The United Auto Workers launched a strike Monday at a key General Motors Corp. assembly plant, halting production of one of GM's most profitable and popular models, GM said.
Read full story Comments Off FactboxPosted by UK Economy News
In Uncategorized
5May 08 (Reuters) - U.S. crude oil hit an all-time high of $120.36 a barrel on Monday.
Read full story Comments Off |
|
Subscribe to RSS
