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Archive for August 20th, 2008Dollar resumes gains as euro pressuredPosted by UK Economy News
In UK financial news
20Aug 08 The dollar firmed Wednesday in the absence of major economic data as the euro was pressured by ongoing worries of tough economic sledding ahead in the European region.
Read full story Ailing US mortgage giants face fresh pressurePosted by UK Economy News
In UK financial news
20Aug 08 US mortgage finance giants Fannie Mae and Freddie Mac saw their share prices plummet Wednesday amid heightened concerns about their ability to ride out the credit crisis without government help.
Read full story Comments Off Oil up on Russia disruption threatPosted by UK Economy News
In UK financial news
20Aug 08 Oil prices rose on Wednesday after Russia snapped at a U.S. missile shield agreement with Poland, while a gloomy economic outlook outside the United States helped the dollar resume a march toward 2008 peaks.
Read full story Comments Off Oil up on Russia disruption threatPosted by UK Economy News
In UK financial news
20Aug 08 Oil prices rose on Wednesday after Russia snapped at a U.S. missile shield agreement with Poland, while a gloomy economic outlook outside the United States helped the dollar resume a march toward 2008 peaks.
Read full story Comments Off Oil prices rise as traders mull lower gasoline stocksPosted by UK Economy News
In UK financial news
20Aug 08 Oil prices rose on Wednesday after a sharp spike the previous day as traders nervously mulled a larger-than-expected decline in US gasoline stocks.
Read full story Comments Off BP says Baku-Ceyhan oil pipeline to resume operationsPosted by UK Economy News
In UK financial news
20Aug 08 BP said on Wednesday exports of Azeri oil from Turkey should resume next week after repairs to the $4 billion (2.1 billion pounds) Baku-Tbilisi-Ceyhan (BTC) pipeline damaged by a fire two weeks ago.
Read full story Comments Off Irish Q2 unemployment rises to highest in 9 yearsPosted by UK Economy News
In UK financial news
20Aug 08 Ireland's unemployment rate rose in the second quarter to a near 9-year high as a weakening construction sector added to dole queues, while separate figures on Wednesday indicated a further slide in the property market.
Read full story Comments Off Irish Q2 unemployment rises to highest in 9 yearsPosted by UK Economy News
In UK financial news
20Aug 08 Ireland's unemployment rate rose in the second quarter to a near 9-year high as a weakening construction sector added to dole queues, while separate figures on Wednesday indicated a further slide in the property market.
Read full story Comments Off Venezuelan first-half oil exports bring in 48.5 bln dollarsPosted by UK Economy News
In UK financial news
20Aug 08 Venezuela's oil exports totalled 48.47 billion dollars in the first half of this year, a figure 78 percent higher than for the same period in 2007, central bank figures released Wednesday showed.
Read full story Comments Off EU seeks answers from Ryanair on ticket cancellationsPosted by UK Economy News
In UK financial news
20Aug 08 The European Commission has written to Irish budget airline Ryanair seeking information on whether it is breaking European law by cancelling bookings made on third-party websites, a spokesman said Wednesday.
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