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Archive for July 29th, 2008Dollar gains on economic news, lower oil pricesPosted by UK Economy News
In UK financial news
29Jul 08 The dollar gained against other major currencies Tuesday on the back of better-than-expected economic news and as world oil prices declined.
Read full story Earthquake spares L.A. energy facilitiesPosted by UK Economy News
In UK financial news
29Jul 08 A moderate earthquake spared Los Angeles oil refineries, pipelines, nuclear plants and the city's electrical grid on Tuesday, but caused some minor local power outages.
Read full story Comments Off Merrill shores up capital with 8.55 billion-dollar offeringPosted by UK Economy News
In UK financial news
29Jul 08 Merrill Lynch said Tuesday it had shored up its capital with an 8.55-billion-dollar share offering it called "the largest follow-on offering in US history."
Read full story Comments Off Oil prices slump on US demand concernsPosted by UK Economy News
In UK financial news
29Jul 08 Oil prices tumbled Tuesday amid market concerns about weakening demand in the United States, the world's largest energy consumer.
Read full story Comments Off Oil falls to 12-week low on demand worriesPosted by UK Economy News
In UK financial news
29Jul 08 Oil fell to its lowest level in nearly three months on Tuesday, extending a steep slide since mid-July on mounting evidence high prices and a souring economy were cutting into world energy demand.
Read full story Comments Off Most US investors believe economy in recession: pollPosted by UK Economy News
In UK financial news
29Jul 08 A majority of American investors believe the troubled US economy has fallen into a recession, according to a survey released Tuesday by asset management giant Schroders.
Read full story Comments Off Dollar gains on euro on positive US data, falling oil pricesPosted by UK Economy News
In UK financial news
29Jul 08 The dollar gained solid ground on the euro here Tuesday, powered by upbeat reports on US consumer spending and confidence as well as a fall in oil prices.
Read full story Comments Off US home prices continue to fall; values gain in some cities: surveyPosted by UK Economy News
In UK financial news
29Jul 08 The decline in home values in major cities accelerated in May amid a lingering property slump, but prices in some areas showed improvement, a survey showed Tuesday.
Read full story Comments Off Spanish wind energy leader Gamesa sees first-half net profits soarPosted by UK Economy News
In UK financial news
29Jul 08 Spanish wind turbine maker Gamesa, a sector leader, said on Tuesday its net profits soared during the first-half at a time when record high oil prices are fuelling interest in alternative energy sources.
Read full story Comments Off Alcatel-Lucent founders quit to turn page on merger and lossesPosted by UK Economy News
In UK financial news
29Jul 08 The founders of telecom equipment giant Alcatel-Lucent, Serge Tchuruk and Patricia Russo, resigned Tuesday to allow the French-US group to make a fresh start after suffering six straight quarterly losses.
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