Read full story
Comments Off
Archive for July 18th, 2008Vodafone takeover of Ghana Telecom delayed by opposition deputiesPosted by UK Economy News
In UK financial news
18Jul 08 Opposition lawmakers in Ghana's parliament on Friday blocked approval of the sale of a majority stake in state-owned Ghana Telecom to Britain's Vodafone.
Read full story Despite hefty loss, Citigroup lifts banksPosted by UK Economy News
In UK financial news
18Jul 08 Citigroup Friday posted a 2.495 billion dollar quarterly loss on more hefty real estate write-offs in results not as bad as feared, as markets mulled prospects for an end to the banking sector's woes.
Read full story Comments Off EU proposes major food aid package but plan faces oppositionPosted by UK Economy News
In UK financial news
18Jul 08 The European Commission proposed Friday donating one billion euros (1.6 billion dollars) in unused EU funds to farmers in poor countries as a one-off measure to help them tackle spiralling food prices.
Read full story Comments Off Oil extends slide and falls below $129Posted by UK Economy News
In UK financial news
18Jul 08 Oil fell to below $129 a barrel on Friday, extending a slide that has knocked nearly 13 percent off last week's record peak on easing tension between Iran and the West and growing demand concerns.
Read full story Comments Off Oil rises as weather concerns stem slidePosted by UK Economy News
In UK financial news
18Jul 08 Oil rose on Friday, stemming a 12 percent fall from last week's record high, on threats a developing Caribbean weather system could hit the energy-rich Gulf of Mexico.
Read full story Comments Off Oil slide may bring slight relief at the U.S. pumpsPosted by UK Economy News
In UK financial news
18Jul 08 U.S. drivers could get a little reprieve from record high gasoline prices for the remainder of the summer thanks to a steep drop in the price of oil, some industry watchers said on Friday.
Read full story Comments Off Citigroup losses better than expectedPosted by UK Economy News
In UK financial news
18Jul 08 Citigroup posted a smaller-than-expected quarterly loss, despite $11.7 billion (5.85 billion pounds) of write-downs and credit losses tied to deteriorating capital markets and a slumping economy.
Read full story Comments Off Freddie Mac to raise 5.5 billion dlrs in share offeringPosted by UK Economy News
In UK financial news
18Jul 08 Troubled mortgage finance giant Freddie Mac announced plans Friday to raise 5.5 billion dollars through a new share offering as it registered with stock market regulators.
Read full story Comments Off Barbie wins legal spat with BratzPosted by UK Economy News
In UK financial news
18Jul 08 Mattel, maker of the ever-popular "Barbie" fashion doll, has won a major legal battle against its chief competition "Bratz," after a jury ruled the rival doll had been designed by a Mattel employee in breach of contract with the toy giant.
Read full story Comments Off Sony Ericsson cuts 2,000 jobs as earnings plummetPosted by UK Economy News
In UK financial news
18Jul 08 Mobile phone maker Sony Ericsson announced Friday it was cutting 2,000 jobs worldwide after reporting an operating loss in the second quarter due to difficult market conditions and the global economic slowdown.
Read full story Comments Off |
|
Subscribe to RSS
