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Archive for August 15th, 2008Dollar hits six-month high against euro on economic jittersPosted by UK Economy News
In UK financial news
15Aug 08 The dollar surged to a six-month high against the euro Friday as traders fretted over eurozone economic momentum while some US indicators revealed better-than-expected economic activity.
Read full story Dollar surge knocks down commodities, stocks risePosted by UK Economy News
In UK financial news
15Aug 08 A growing perception among investors that growth in Europe is slowing just as a U.S. recovery begins drove the dollar higher and pushed oil prices to three-month lows on Friday, lifting both U.S. and European shares.
Read full story Comments Off Oil prices drop as OPEC cuts demand forecastPosted by UK Economy News
In UK financial news
15Aug 08 World crude oil prices slid again on Friday as the OPEC crude producers' cartel lowered its forecast for oil demand growth, citing the weak global economy.
Read full story Comments Off Nigeria’s oil reserves hit 33.6 bln barrelsPosted by UK Economy News
In UK financial news
15Aug 08 Crude oil reserves in Nigeria, the world's eighth largest exporter, have increased by 12 percent over the past year to 33.6 billion barrels, a top oil official said Friday.
Read full story Comments Off Oil falls to $112 on global demand worriesPosted by UK Economy News
In UK financial news
15Aug 08 Oil dropped more than $2 to $112 a barrel on Friday on growing concerns about demand in industrialized nations and the stronger dollar.
Read full story Comments Off Dollar climbs close to six-month peak against euroPosted by UK Economy News
In UK financial news
15Aug 08 The dollar surged on Friday close to a six-month high against the euro, boosted by encouraging US economic data on industrial production, analysts said.
Read full story Comments Off Wachovia to bail out clients holding auction rate securitiesPosted by UK Economy News
In UK financial news
15Aug 08 Wachovia has become the latest US bank to agree to buy back billions of dollars of tainted auction rate securities that it sold before a market collapse in February, US officials announced Friday.
Read full story Comments Off Investment heating up, exports slowing in ChinaPosted by UK Economy News
In UK financial news
15Aug 08 Investment in China is picking up while the trade surplus is declining, data showed Friday, suggesting the world's fourth largest economy may be increasingly relying on itself for growth momentum.
Read full story Comments Off Adecco says considering position on Michael Page takeover bidPosted by UK Economy News
In UK financial news
15Aug 08 Swiss staffing group Adecco on Friday said it was considering its position regarding an offer to acquire recruitment firm Michael Page after the British group turned down its cash offer.
Read full story Comments Off US industrial output cools but bottom may be in sightPosted by UK Economy News
In UK financial news
15Aug 08 US industrial production rose a tepid 0.2 percent in July, the Federal Reserve said Friday, but the increase beat market expectations as the embattled sector exhibits signs of recovery.
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