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Archive for May 24th, 2008Angry protests as Indonesia hikes fuel pricesPosted by UK Economy News
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24May 08 Angry students hurled molotov cocktails at police after Indonesia hiked the cost of gasoline by 33 percent Saturday to rein in subsidies that are exploding along with world oil prices.
Read full story Iran to raise domestic gas prices: senior officialPosted by UK Economy News
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24May 08 Iran plans to hike domestic gas prices in order to encourage consumers to conserve and to help to free up supplies for export, officials said on Saturday.
Read full story Comments Off BAE says UK should hear corruption casePosted by UK Economy News
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24May 08 Officials of BAE Systems Plc have told a U.S. court that a shareholder lawsuit charging illegal bribes were paid to win a Saudi arms deal worth up to $80 billion (40.4 billion pounds) should be heard by a British court, not the U.S. court.
Read full story Comments Off North Sea oil platform leak under control: operatorPosted by UK Economy News
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24May 08 More than 150 workers were evacuated from a North Sea oil platform Saturday amid fears that a leak would spark an explosion, but by mid-afternoon the rig's operator said the situation was under control.
Read full story Comments Off US already in recession, says world’s richest man BuffetPosted by UK Economy News
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24May 08 While economists quibble, the world's richest man has decided: the United States is already in recession.
Read full story Comments Off UK’s 3i mulls bid for E.ON high voltage net: reportPosted by UK Economy News
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24May 08 UK private equity firm 3i is interested in possibly acquiring the E.ON's German high voltage network, 3i Infrastructure head Uwe Danziger told the Boersen Zeitung on Saturday.
Read full story Comments Off French fishermen suspend strikePosted by UK Economy News
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24May 08 Fishermen in this French Atlantic port voted Saturday to suspend a strike after the government in Paris agreed to compensate loss of income due to fuel price rises.
Read full story Comments Off After protests, new Bangalore airport opensPosted by UK Economy News
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24May 08 India's gleaming new Bangalore international airport opened Saturday despite protests by residents and businesses who said getting there by road could prove a nightmare.
Read full story Comments Off Bharti says MTN merger talks offPosted by UK Economy News
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24May 08 Merger talks between India's biggest mobile phone services firm, Bharti Airtel, and South Africa's flagship MTN Group have been called off, the Indian company said in a statement on Saturday.
Read full story Comments Off Yahoo announces delay in general meeting over Icahn movePosted by UK Economy News
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24May 08 Yahoo is delaying a July 3 shareholders meeting in a move aimed at staving off a showdown with corporate raider Carl Icahn, who is out to overthrow the struggling Internet search pioneer's board of directors.
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