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Archive for May 17th, 2008OPEC output hike would not affect prices: IranPosted by UK Economy News
In UK financial news
17May 08 Major crude oil producer Iran said on Saturday that any output hike by the Organisation of Petroleum Exporting Countries as requested by the United States would not affect skyrocketing prices.
Read full story United Auto Workers reach tentative deal with American AxlePosted by UK Economy News
In UK financial news
17May 08 The United Auto Workers said Saturday it had reached a tentative agreement with a key auto parts supplier to end a long and crippling strike that forced General Motors to close six assembly plants.
Read full story Comments Off Iran says OPEC will not boost outputPosted by UK Economy News
In UK financial news
17May 08 Iran's oil minister rejected on Saturday any idea of OPEC raising production, saying it would fail to ease record prices as the market was already "saturated" with oil.
Read full story Comments Off Philippine air force to buy 18 Italian trainer planesPosted by UK Economy News
In UK financial news
17May 08 The Philippine air force will buy 18 trainer planes from Italian aircraft manufacturer Alenia Aermacchi for 625 million pesos (14.6 million dollars), an air force spokesman said Saturday.
Read full story Comments Off Deadline passes in EA bid to buy Take-Two Interactive sharesPosted by UK Economy News
In UK financial news
17May 08 A deadline for Take-Two Interactive Software shareholders to agree to a buyout by video game giant Electronic Arts has passed with neither firm commenting on the takeover bid's fate.
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