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Archive for May 30th, 2008Spain, Italy, Portugal join French fishing strike over fuel pricesPosted by UK Economy News
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30May 08 Fishermen from Portugal, Italy and Europe's largest fleet, Spain, began open-ended national strikes Friday, adding to growing continent-wide protests at the soaring price of fuel.
Read full story Oil prices rebound on supply concernsPosted by UK Economy News
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30May 08 Oil prices rebounded on Friday, reversing early losses as traders focused on stretched global supplies and a firming dollar.
Read full story Comments Off Oil rises to over $127 on weaker dollarPosted by UK Economy News
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30May 08 Oil prices rose to over $127 a barrel on Friday as a drop in the dollar drew in investors seeking to hedge against the weaker greenback.
Read full story Comments Off Ford to build low-cost Fiesta car in MexicoPosted by UK Economy News
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30May 08 Ford Motor Company said Friday it will build a new low-cost, small car for the North American market at its Mexican plant as part of a three billion dollar expansion.
Read full story Comments Off British airline Silverjet enters administrationPosted by UK Economy News
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30May 08 The business-class airline Silverjet said Friday it had suspended operations and entered administration, leaving it on the brink of collapse, after running into serious funding problems amid soaring fuel costs.
Read full story Comments Off AirTran defers delivery of 18 Boeing aircraft to 2013-2014Posted by UK Economy News
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30May 08 Budget airline AirTran Airways said Friday it will defer the delivery of 18 Boeing 737-700 aircraft to 2013 to 2014, due to record-high fuel costs.
Read full story Comments Off German retail sales post surprise fallPosted by UK Economy News
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30May 08 German retail sales released Friday posted a surprise monthly fall in April, adding to evidence that rising prices are keeping consumers away from the shops.
Read full story Comments Off D-Telekom hires ex-judge for internal spying probePosted by UK Economy News
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30May 08 Germany's national phone company Deutsche Telekom said on Friday it has hired a retired judge to conduct an internal probe after a spying scandal saw it raided by prosecutors.
Read full story Comments Off Funding arm says HSBC fought off pay backlashPosted by UK Economy News
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30May 08 Europe's biggest bank HSBC fought off an investor backlash over a multi-million pound executive pay plan on Friday and dismissed claims its troubled U.S. unit cannot finance itself and should be sold.
Read full story Comments Off Chairman aims to take Sheffield Utd privatePosted by UK Economy News
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30May 08 English soccer club Sheffield United said on Friday its chairman and main investor, property entrepreneur Kevin McCabe, planned to take the company private.
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