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Archive for August 5th, 2008Energy recovery moving quickly after Storm EdouardPosted by UK Economy News
In UK financial news
5Aug 08 The U.S. oil patch's recovery from Tropical Storm Edouard appeared unlikely to take much longer than the storm's 48-hour charge across the northern Gulf of Mexico before becoming a tropical depression over east Texas on Tuesday afternoon.
Read full story Google to serve up ads for NBC’s online Olympics coveragePosted by UK Economy News
In UK financial news
5Aug 08 Google on Tuesday announced that freshly-acquired DoubleClick will be used to weave video ads into NBC's online coverage of the Olympics in Beijing.
Read full story Comments Off Dollar gets a boost as Fed keeps key rate on holdPosted by UK Economy News
In UK financial news
5Aug 08 The dollar received a boost Tuesday as the Federal Reserve kept its key interest rate on hold at 2.0 percent citing lackluster economic growth and inflationary pressures.
Read full story Comments Off Fed keeps rates on hold as economy sputtersPosted by UK Economy News
In UK financial news
5Aug 08 The Federal Reserve, in a widely predicted move, kept its main interest rate unchanged at 2.0 percent Tuesday citing concerns about sputtering economic growth and inflationary pressures.
Read full story Comments Off Air France-KLM profit falls, Iberia makes lossPosted by UK Economy News
In UK financial news
5Aug 08 Air France-KLM and Spain's Iberia reported big drops in earnings as the airlines struggled with an economic slowdown and higher fuel prices.
Read full story Comments Off Oil falls below $120 as Edouard spares U.S. GulfPosted by UK Economy News
In UK financial news
5Aug 08 Oil fell below $120 per barrel on Tuesday to touch a three-month low as Tropical Storm Edouard hit the Texas coast without causing any major disruptions to U.S. energy operations.
Read full story Comments Off Oil prices extend slide on signs of demand declinePosted by UK Economy News
In UK financial news
5Aug 08 Oil prices extended their slide Tuesday, closing below 120 dollars for the first time in three months, as signs of a slowing global economy raise doubts about demand.
Read full story Comments Off News Corp 4th-qtr profit rises on asset salesPosted by UK Economy News
In UK financial news
5Aug 08 Rupert Murdoch's News Corp reported on Tuesday that its fourth quarter net profit rose 27 percent from the sale of its interests in Fox Sports Bay Area and Gemstar-TV Guide International as well as double-digit percentage profit jumps in nearly all divisions.
Read full story Comments Off Panama to open up Latin American diamond marketPosted by UK Economy News
In UK financial news
5Aug 08 Diamond sellers are setting their sights on Latin America's increasingly prosperous middle class, which is benefiting from economic growth and stability, as U.S. and European sales of the rare stones slow.
Read full story Comments Off After Doha failure, U.S. farmers brace for lawsuitsPosted by UK Economy News
In UK financial news
5Aug 08 U.S. farmers could be battered with a new wave of litigation challenging generous farm subsidies as commodity prices fall and the repercussions from the collapse of the world trade talks are felt around the world.
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