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Archive for August 18th, 2008Dollar slips in profit takingPosted by UK Economy News
In UK financial news
18Aug 08 The dollar slipped back Monday as investors took profits after recent gains while the euro found only modest support from a market anticipating more weakness in the European economy.
Read full story World Bank suggests limits on disputed WTO farm safeguardPosted by UK Economy News
In UK financial news
18Aug 08 World Bank chief Robert Zoellick on Monday suggested limits for a proposed agricultural safeguard that torpedoed WTO trade talks last month, saying the world's poor need a successful Doha Round.
Read full story Comments Off Oil prices ease as Fay to avoid facilitiesPosted by UK Economy News
In UK financial news
18Aug 08 Crude oil prices fell Monday as Tropical Storm Fay looked set to spare energy facilities in the Gulf of Mexico and as the Baku-Tbilisi-Ceyhan pipeline appeared ready to reopen soon.
Read full story Comments Off US Treasury plays down increased Fannie, Freddie speculationPosted by UK Economy News
In UK financial news
18Aug 08 The US Treasury swiftly played down a media report Monday that suggested the government could be poised to extend significant financial aid to the struggling mortgage-finance giants Fannie Mae and Freddie Mac.
Read full story Comments Off Dollar slips on profit-takingPosted by UK Economy News
In UK financial news
18Aug 08 The dollar slipped back Monday on profit-taking after recent gains while the euro found only modest support as the market anticipated more weakness in the European economy.
Read full story Comments Off B&B bankers left with over 70 percent of rights issuePosted by UK Money News
In UK financial news
18Aug 08 Bankers for Bradford & Bingley have been left with over 70 percent of its 400 million pound rights issue, the lender said, as it hired the former head of rival Alliance & Leicester to draw a line under its troubles.
Read full story Comments Off T-Mobile to launch first Google-powered mobilePosted by UK Economy News
In UK financial news
18Aug 08 T-Mobile said Monday it plans to launch a mobile phone powered by Google's Android software, making it the first operator to do so and posing a direct threat to Apple's popular iPhone.
Read full story Comments Off BHP Billiton posts record $15.4bln profitPosted by UK Economy News
In UK financial news
18Aug 08 The world's biggest miner BHP Billiton on Monday announced record annual net profits of 15.39 billion US dollars (10.46 billion euros), driven by soaring commodity prices and strong Asian demand.
Read full story Comments Off BAA completes landmark $25-billion debt restructuringPosted by UK Economy News
In UK financial news
18Aug 08 Britain's Spanish-owned airports operator BAA said Monday that it has completed a major restructuring of its debt that totals 13.3 billion pounds (16.8 billion euros, 24.8 billion dollars).
Read full story Comments Off Hot small caps: House prices hit Rightmove and housebuildersPosted by UK Economy News
In UK financial news
18Aug 08 Following is a round-up of key small cap movers on the London stock market on Monday.
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