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Archive for August 21st, 2008NY reaches deal with major banks over stressed securitiesPosted by UK Economy News
In UK financial news
21Aug 08 New York officials said Thursday they had reached a settlement with Merrill Lynch, Goldman Sachs and Deutsche Bank under which the three banks have agreed to buy back stressed securities from investors.
Read full story Intel cuts electric cords with wireless power systemPosted by UK Economy News
In UK financial news
21Aug 08 Intel on Thursday showed off a wireless electric power system that analysts say could revolutionize modern life by freeing devices from transformers and wall outlets.
Read full story Comments Off Dollar slumps as US leading indicators report fuels worryPosted by UK Economy News
In UK financial news
21Aug 08 The dollar fell sharply Thursday as a weak report on leading economic indicators renewed concerns over the US outlook, contrasted with slightly better-than-expected eurozone data.
Read full story Comments Off GM invests 500 mln in new small car for US marketPosted by UK Economy News
In UK financial news
21Aug 08 General Motors announced plans Thursday to invest more than 500 million dollars to build a new compact car in the United States.
Read full story Comments Off U.S. stocks lifted by surge in oilPosted by UK Economy News
In UK financial news
21Aug 08 Oil prices jumped almost 5.0 percent on Thursday in a big bounce in commodities that ignited inflation fears and sent bond prices lower, but oil's rally gave energy shares such a jolt they turned U.S. stocks higher.
Read full story Comments Off Yahoo mixes old and new in Internet-age news servicePosted by UK Economy News
In UK financial news
21Aug 08 Yahoo is building an Internet-age news service, leveraging its global audience of a half-billion people to win exclusive interviews with world leaders.
Read full story Comments Off Dollar down sharply against euro, yenPosted by UK Economy News
In UK financial news
21Aug 08 The dollar fell sharply against the euro Thursday as slightly better-than-expected eurozone Purchasing Managers Index figures contrasted with growing concerns over the US economic outlook.
Read full story Comments Off Oil prices rocket higherPosted by UK Economy News
In UK financial news
21Aug 08 Oil prices rocketed higher Thursday as traders tracked geopolitical tensions between the United States and Russia, a weak dollar and a large drop in US motor fuel reserves.
Read full story Comments Off Oil up 5 percent on global tensionsPosted by UK Economy News
In UK financial news
21Aug 08 Oil prices rose nearly 5 percent on Thursday, the biggest percentage gain in more than two months, driven by rising tensions between the United States and energy behemoth Russia.
Read full story Comments Off US state reaches deal with Merrill Lynch over stressed securitiesPosted by UK Economy News
In UK financial news
21Aug 08 The US state of Massachusetts said Thursday it had reached a settlement with Merrill Lynch under which the investment bank agreed to buy back stressed securities from investors.
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