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Archive for May 19th, 2008British Airways CEO sees more bankruptcies and mergersPosted by UK Economy News
In UK financial news
19May 08 British Airways' chief executive expects more failures and more mergers in the air industry this year as carriers face the challenges of soaring oil prices and a weak U.S. economy.
Read full story Dollar firm as economic data better than expectedPosted by UK Economy News
In UK financial news
19May 08 The dollar strengthened Monday after surveys suggested that the slowdown in the US economy might be limited and not as bad as many have feared.
Read full story Comments Off As pressure mounts on Yahoo, Microsoft eyes new tie-upPosted by UK Economy News
In UK financial news
19May 08 With Yahoo facing pressure from a corporate raider, the Internet giant has reopened discussions on a tie-up with Microsoft, but for a new deal that would probably not be an outright takeover.
Read full story Comments Off ECB’s Trichet focuses on inflationPosted by UK Economy News
In UK financial news
19May 08 European Central Bank president Jean-Claude Trichet voiced concern Monday about the danger of inflation in the eurozone as a "very significant" market correction continued.
Read full story Comments Off Protesting French fishermen block oil portPosted by UK Economy News
In UK financial news
19May 08 French fishermen angry at high fuel costs on Monday blocked a Mediterranean oil port and stepped up protests at other Atlantic and Channel ports to press demands for government compensation.
Read full story Comments Off EBRD appoints new president, Australia signals exitPosted by UK Economy News
In UK financial news
19May 08 The European Bank for Reconstruction and Development appointed Germany's Thomas Mirow as president on Monday while shareholder Australia said it would quit as the EBRD's work was nearly done.
Read full story Comments Off Manitowoc trumps rival with 1.8 bln pound bid for EnodisPosted by UK Economy News
In UK financial news
19May 08 U.S. diversified manufacturer Manitowoc has raised its bid for British kitchen equipment maker Enodis to 1.08 billion pounds ($2.1 billion) to trump a rival offer.
Read full story Comments Off Thomson Reuters to cut 140 journalist jobsPosted by UK Economy News
In UK financial news
19May 08 Global information company Thomson Reuters Corp plans to cut 140 editorial jobs by the end of the year as its Reuters news service absorbs Thomson Financial News.
Read full story Comments Off France’s Total launches second Nigerian deep water oil projectPosted by UK Economy News
In UK financial news
19May 08 The French oil company Total Monday launched its second Nigerian deep water drilling project, scheduled to come on stream in 2012 and expected eventually to yield 180,000 barrels a day.
Read full story Comments Off Oil prices flirt with new highsPosted by UK Economy News
In UK financial news
19May 08 Crude oil prices flirted with new highs Monday as the market shrugged off news of higher output from Saudi Arabia, traders said.
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