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Archive for August 7th, 2008US consumers limp as tax rebates fadePosted by UK Economy News
In UK financial news
7Aug 08 Consumer spending is showing signs of flagging in the United States as shoppers descend on discount stores but avoid buying non-essentials as the effect of federal tax rebates begin to fade.
Read full story Dollar gains as ECB keeps rates on holdPosted by UK Economy News
In UK financial news
7Aug 08 The dollar gained against the euro Thursday after the European Central Bank opted to keep eurozone interest rates on hold and as traders predicted no change in rates for some time to come.
Read full story Comments Off Nestle and Sara Lee profits lifted by price increasesPosted by UK Economy News
In UK financial news
7Aug 08 Nestle , the world's largest food company, reported a first-half profit at the top of analysts expectations, aided by price increases that offset rising commodity costs.
Read full story Comments Off Citigroup to buy back 7.5 bln dlrs of tainted securitiesPosted by UK Economy News
In UK financial news
7Aug 08 Troubled US banking giant Citigroup has agreed to buy back 7.5 billion dollars' worth of tainted securities it marketed to tens of thousands of investors, US regulators announced Thursday.
Read full story Comments Off Oil prices in modest rebound after BTC pipeline blastPosted by UK Economy News
In UK financial news
7Aug 08 World oil prices rebounded modestly from recent falls Thursday on news that a pipeline carrying crude from Central Asia to the West would remain shut for about 15 days after a recent explosion.
Read full story Comments Off Oil rises on pipeline fire in TurkeyPosted by UK Economy News
In UK financial news
7Aug 08 Oil rose on Thursday on expectations a one million barrel per day pipeline that was attacked by Kurdish separatists in Turkey could remain shut for up to two weeks.
Read full story Comments Off Vale looks for smaller targetsPosted by UK Economy News
In UK financial news
7Aug 08 Mining giant Vale is bullish on demand, despite fears of an economic slowdown, and plans to improve the company's market position by combining small to medium-sized acquisitions with internal growth, the company's chief executive said on Thursday.
Read full story Comments Off Bank of England puts interest rates on icePosted by UK Economy News
In UK financial news
7Aug 08 The Bank of England froze British interest rates at 5.0 percent on Thursday for the fourth month in a row as it mulled slowing economic growth and high inflation.
Read full story Comments Off EU sees good grain harvest, a positive sign for lower food pricesPosted by UK Economy News
In UK financial news
7Aug 08 European grain harvests will improve this year, the EU predicted Thursday, in line with northern hemisphere trends that are pushing down world prices after months of food protests by the world's poorest.
Read full story Comments Off Airline consultants create venture in fuel savingsPosted by UK Economy News
In UK financial news
7Aug 08 Three airline consultancies unveiled Thursday an international joint venture to help carriers save money on fuel that has more than doubled in price in the past year.
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