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Archive for July 10th, 2008Oil prices rally on tight supplies, Iran fearsPosted by UK Economy News
In UK financial news
10Jul 08 Oil prices shot higher Thursday on the back of simmering geopolitical tensions over key producer Iran and lingering worries over stretched global crude supplies, traders said.
Read full story Zurich Financial quits RBS insurance auctionPosted by UK Economy News
In UK financial news
10Jul 08 Zurich Financial Services pulled out of the auction for Royal Bank of Scotland's insurance business on Thursday, dealing a major blow to the bank's sale plan.
Read full story Comments Off WTO gets revised texts on agriculture and industrial productsPosted by UK Economy News
In UK financial news
10Jul 08 The World Trade Organisation on Thursday published revised texts intended to be the basis of negotiations when ministers meet here later this month in the hope of hammering out a long-stalled global trade deal.
Read full story Comments Off Airbus announces management change for A380 programmePosted by UK Economy News
In UK financial news
10Jul 08 European aircraft manufacturer Airbus announced Thursday a management change for its A380 superjumbo programme, which has been plagued by serious production and delivery delays.
Read full story Comments Off Aerospace bosses press ECB over strong euro: industry bodyPosted by UK Economy News
In UK financial news
10Jul 08 European aerospace bosses met Thursday with Jean-Claude Trichet, head of the European Central Bank, to voice concern over the surge in the value of the the euro against the dollar, an industry body said.
Read full story Comments Off Switzerland widens probe into BAE Systems: governmentPosted by UK Economy News
In UK financial news
10Jul 08 Switzerland has widened its investigations into British defence company BAE Systems over alleged money laundering, a Swiss government spokeswoman said Thursday.
Read full story Comments Off Lloyds TSB seen set to end talks on German dealPosted by UK Economy News
In UK financial news
10Jul 08 Lloyds TSB plans to end talks about a possible takeover of German banks Dresdner or Postbank, a person familiar with the matter said on Thursday.
Read full story Comments Off OPEC cuts oil demand forecast due to efficiency gainsPosted by UK Economy News
In UK financial news
10Jul 08 OPEC on Thursday cut its long-term estimate for world oil demand, saying consumption by 2030 would be 3.7 percent lower than previously forecast as soaring prices drive efforts to save energy.
Read full story Comments Off Head of GM Europe denies group is close to bankruptcyPosted by UK Economy News
In UK financial news
10Jul 08 The head of General Motors Europe, Claus-Peter Forster, dismissed rumours that the auto giant was close to bankruptcy in a German press interview released on Thursday.
Read full story Comments Off AB Foods suffers as Primark growth slowsPosted by UK Economy News
In UK financial news
10Jul 08 Primark stores owner Associated British Foods posted a 24 percent rise in third-quarter sales on Thursday, but its shares dipped as its once fast-growing fashion store chain showed it was not immune to the consumer slowdown.
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