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Archive for August 25th, 2008Russia risks delay in joining WTO: US trade officialPosted by UK Economy News
In UK financial news
25Aug 08 Russia is risking a delay in joining the World Trade Organization if it reneges on trade commitments, a US trade official said Monday, after Moscow decided to break some accords.
Read full story Dollar mixed as US housing recovery cloudedPosted by UK Economy News
In UK financial news
25Aug 08 The dollar traded mixed Monday after data on US home sales provided a murky outlook for the troubled sector and speculation grew on interest rate cuts in Europe to shore up flagging economic growth.
Read full story Comments Off Oil prices edge higher as BTC pipeline reopensPosted by UK Economy News
In UK financial news
25Aug 08 Oil prices edged higher Monday in choppy, thin trade as the major Baku-Tblisi-Ceyhan pipeline resumed operations after repairs from a fire and fresh unrest in Nigeria's oil-rich south.
Read full story Comments Off U.S. stocks slide sharplyPosted by UK Economy News
In UK financial news
25Aug 08 U.S. stocks fell sharply on Monday as persistent credit and global growth concerns pulled equities down and led investors into safe-haven investments like bonds.
Read full story Comments Off US home sales rise in July, but inventory hits recordPosted by UK Economy News
In UK financial news
25Aug 08 US existing home sales rebounded modestly in July, industry data showed Monday, but a record glut of unsold homes, tightening credit and rising unemployment is pressuring any recovery in the troubled housing sector.
Read full story Comments Off Oil extends slide on demand concernsPosted by UK Economy News
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25Aug 08 Oil prices slipped on Monday as demand worries due to surging fuel costs outweighed supply concerns caused by a tropical depression in the Caribbean.
Read full story Comments Off Crucial week for Italy’s near-bankrupt flag carrierPosted by UK Economy News
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25Aug 08 Italy's near-bankrupt flag carrier Alitalia may know its fate this week as the company reveals its first-half results, expected to be disastrous, and a possible rescue plan takes shape.
Read full story Comments Off India’s Kingfisher Airlines delays A320 deliveries: reportPosted by UK Economy News
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25Aug 08 India's Kingfisher Airlines has delayed deliveries of 32 Airbus 320 medium-haul aircraft because of cut-throat fierce competition in its home market and wider problems for the aviation industry.
Read full story Comments Off India’s Infosys to buy British firm Axon for 753.1 mln dollarsPosted by UK Economy News
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25Aug 08 Leading Indian outsourcing company Infosys plans to buy British consultancy Axon Group for 753.1 million dollars as it moves to expand its business advisory footprint, a statement said Monday.
Read full story Comments Off Robert Rubin becomes Citigroup ’senior counsellor’Posted by UK Economy News
In UK financial news
25Aug 08 Former U.S. Treasury Secretary Robert Rubin has taken on the title of "senior counsellor" at Citigroup as part of several changes to the board of the largest U.S. bank by assets.
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