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Archive for August 12th, 2008Euro ticks higher against dollar ahead of eurozone dataPosted by UK Economy News
In UK financial news
12Aug 08 The euro ticked slightly higher against the dollar Tuesday in a market awaiting a fresh batch of indicators on the fragile economic health of the eurozone.
Read full story Euro ticks higher against dollar ahead of eurozone dataPosted by UK Economy News
In UK financial news
12Aug 08 The euro ticked slightly higher against the dollar Tuesday in a market awaiting a fresh batch of indicators on the fragile economic health of the eurozone.
Read full story Comments Off Stocks sag as global growth concerns dominatePosted by UK Economy News
In UK financial news
12Aug 08 Global stock markets sagged and the U.S. dollar rally lost steam on Tuesday as concerns about the credit-stressed world economy's growth prospects resurfaced and overshadowed a further decline in oil prices.
Read full story Comments Off US trade deficit shrinks sharply in JunePosted by UK Economy News
In UK financial news
12Aug 08 The US trade deficit unexpectedly shrank in June as a weak dollar stoked exports, offsetting record crude oil imports and a politically sensitive growing gap with China, official data showed Tuesday.
Read full story Comments Off Oil prices drop on strong dollar, Russian order to end attackPosted by UK Economy News
In UK financial news
12Aug 08 Crude oil prices slid to a four-month low Tuesday after Russia announced the end of military operations in Georgia and the International Energy Agency forecast a steep drop in demand.
Read full story Comments Off BP shuts oil pipeline in Georgia, supplies still get throughPosted by UK Economy News
In UK financial news
12Aug 08 British energy giant BP announced Tuesday it had closed an oil pipeline because of fighting in Georgia but said oil and gas supplies continued to flow from the Caspian Sea to the West by other routes.
Read full story Comments Off Brazil oil giant Petrobras posts record profitsPosted by UK Economy News
In UK financial news
12Aug 08 Brazil's state-run oil company, Petrobras, has announced record net profits for the second quarter of 2008, up 29 percent over the same period last year.
Read full story Comments Off Gold price hits seven-month lowPosted by UK Economy News
In UK financial news
12Aug 08 The price of gold hit the lowest point for seven and a half months on Tuesday as the precious metal was rocked by the strong US currency and weakening crude oil prices, analysts said.
Read full story Comments Off Shake-up at UBS as subprime losses mountPosted by UK Economy News
In UK financial news
12Aug 08 Switzerland's biggest bank UBS on Tuesday took another hit of 5.1 billion dollars in subprime-related asset writedowns, as its total damages incurred from the market crisis climbed to 42.5 billion dollars.
Read full story Comments Off eBay wins Belgian court victory over L’Oreal in fake casePosted by UK Economy News
In UK financial news
12Aug 08 Online auctioneer eBay won a Belgian court case Tuesday against L'Oreal after the French cosmetics giant sued it over the sale of counterfeit goods.
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