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Archive for May 12th, 2008Africa’s economy to grow by 6.0 percent this year: AfDBPosted by UK Economy News
In UK financial news
12May 08 Africa's economy will grow by 6.0 percent this year and next, an acceleration from 2007, owing to high oil prices and demand for commodities, research from the African Development Bank (AfDB) showed Monday.
Read full story Zimbabwe pays 650,000 dollars to reduce foreign debt: AfDBPosted by UK Economy News
In UK financial news
12May 08 Cash-strapped Zimbabwe has paid 650,000 dollars (420,000 euros) to the African Development Bank (AfDB) to reduce its foreign debt but still owes large amounts in arrears, the bank said Monday.
Read full story Comments Off Repsol, Shell renegotiating Iran gas deal: Repsol company sourcePosted by UK Economy News
In UK financial news
12May 08 Spain's biggest oil group, Repsol, and British-Dutch peer Royal Dutch Shell are renegotiating their participation in a multi-billion dollar natural gas project in Iran but still want to take part, a Repsol internal source said Monday.
Read full story Comments Off GM to close Canadian assembly plant in 2010Posted by UK Economy News
In UK financial news
12May 08 General Motors of Canada announced Monday that its Windsor transmission plant will close in the second quarter of 2010, leaving 1,400 workers without jobs.
Read full story Comments Off Newest BlackBerry aims to keep Apple iPhone at bayPosted by UK Economy News
In UK financial news
12May 08 Research in Motion unveiled Monday its latest BlackBerry smartphone with new styling and technology that aims to bite into Apple's juicy iPhone sales.
Read full story Comments Off Oil hits record high 126.40 dollarsPosted by UK Economy News
In UK financial news
12May 08 The price of crude oil struck a record high 126.40 dollars a barrel on Monday amid tensions in the Middle East and ongoing supply fears in Nigeria, traders said.
Read full story Comments Off Oil price hits record high 126.40 dollarsPosted by UK Economy News
In UK financial news
12May 08 The price of crude oil struck a record high 126.40 dollars a barrel on Monday amid tensions in the Middle East and ongoing supply fears in Nigeria, traders said.
Read full story Comments Off HSBC profit up but bad-debts jumpPosted by UK Economy News
In UK financial news
12May 08 Europe's biggest bank, HSBC Holdings, said its profit in the first quarter beat a year ago as growth in Asia helped counter some $5 billion (2.6 million pounds) in hits from bad debts on U.S. home loans and asset writedowns.
Read full story Comments Off Renault-Nissan, India’s Bajaj announce cheap car projectPosted by UK Economy News
In UK financial news
12May 08 Renault-Nissan and India's Bajaj group said Monday they planned to make a 2,500-dollar car by early 2011, the second effort to make a cheap car for the South Asian nation's rapidly growing middle class.
Read full story Comments Off British trade deficit narrows in MarchPosted by UK Economy News
In UK financial news
12May 08 Britain's trade-in-goods deficit with the rest of the world fell to 7.4 billion pounds in March from 7.6 billion pounds in February, official data showed Monday.
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