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Archive for June, 2008Dollar gains, as predicted ECB rate hike priced inPosted by UK Economy News
In UK financial news
30Jun 08 The dollar notched up slight gains Monday against other major currencies as traders said the market had mainly priced in an expected interest rate hike this week by the European Central Bank (ECB).
Read full story Former head of Airbus detained in insider probe: sourcePosted by UK Economy News
In UK financial news
30Jun 08 The former German head of aircraft manufacturer Airbus, Gustav Humbert, was detained for questioning by France's financial crime unit Monday in connection with alleged insider trading at Airbus parent EADS, a source close to the probe said.
Read full story Comments Off Tesco cuts trade ties with Zimbabwe: companyPosted by UK Economy News
In UK financial news
30Jun 08 Britain's biggest supermarket Tesco is to stop sourcing products from Zimbabwe due to international concern about the current political climate there, the company said in a statement Monday.
Read full story Comments Off SABMiller CEO declines comment on ModeloPosted by UK Economy News
In UK financial news
30Jun 08 SABMiller chief executive Graham Mackay on Monday declined comment on whether the brewer has approached Mexican beermaker Grupo Model about a possible merger.
Read full story Comments Off Tiscali says still studying offers of interestPosted by UK Economy News
In UK financial news
30Jun 08 Italian broadband operator Tiscali said on Monday it was still studying offers from parties interested in its assets, missing a June 30 deadline it had set for itself for finding a buyer.
Read full story Comments Off Steel magnate Mittal spreads wings to minesPosted by UK Economy News
In UK financial news
30Jun 08 After conquering the steel industry two years ago, Lakshmi Mittal was soon looking for his next challenge.
Read full story Comments Off Mittal unlikely to buy Rio stake soonPosted by UK Economy News
In UK financial news
30Jun 08 Steel magnate Lakshmi Mittal considered buying a stake in bid target Rio Tinto to expand his interests in iron ore but has decided against it for now, sources familiar with the matter said on Monday.
Read full story Comments Off New record crude prices up pressure on oil industryPosted by UK Economy News
In UK financial news
30Jun 08 Oil prices surged to new highs Monday as leading figures from the energy industry gathered in Madrid amid growing public anger at the high cost of fuel and increasing concerns about inflation.
Read full story Comments Off Eurozone inflation spikes to record 4.0 pct on soaring oil pricesPosted by UK Economy News
In UK financial news
30Jun 08 Inflation in the 15 eurozone countries shot up to a record 4.0 percent in June on the back of soaring oil prices, official figures showed Monday, bolstering expectations the European Central Bank will hike interest rates later this week.
Read full story Comments Off Main Nigerian rig still not at capacity after militant attack: ShellPosted by UK Economy News
In UK financial news
30Jun 08 Production at Shell's main offshore oilfield in Nigeria has still not returned to full capacity after an attack by militants earlier this month, the head of the Anglo-Dutch oil giant said on Monday.
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