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Archive for September, 2008World leaders tell US to take ‘responsibility’ for financial failurePosted by UK Economy News
In UK financial news
30Sep 08 World leaders told Washington Tuesday it has a responsibility to the world to shore up its teetering economy, after lawmakers blocked a 700-billion dollar bailout plan.
Read full story Oil prices rebound after 10 pct plungePosted by UK Economy News
In UK financial news
30Sep 08 Oil prices rebounded Tuesday after diving 10 percent the prior day, with investors cautiously optimistic the US Congress will rescue a rejected 700-billion-dollar Wall Street bailout.
Read full story Comments Off Top firms band together behind Mobile BroadbandPosted by UK Economy News
In UK financial news
30Sep 08 Top computer makers, mobile operators and technology providers announced on Tuesday that upcoming laptop computers would feature mobile broadband making them ready to surf right out of the box.
Read full story Comments Off Heinz stops buying Chinese milk productsPosted by UK Economy News
In UK financial news
30Sep 08 US food group Heinz said Tuesday that it had decided to stop buying Chinese milk for use in its products there in the wake of a giant tainted milk scandal that has left 53,000 children ill.
Read full story Comments Off Financial crisis threatening world’s free newspapers, experts sayPosted by UK Economy News
In UK financial news
30Sep 08 The global financial crisis poses a major threat to free newspapers worldwide, experts and industry officials said at the first-ever world conference of the industry on Tuesday.
Read full story Comments Off Dexia gets 6.4 billion euro three-state bailoutPosted by UK Economy News
In UK financial news
30Sep 08 Dexia became the latest European bank to need a bailout Tuesday, with Belgium, France and Luxembourg pumping 6.4 billion euros into the group to avoid the financial crisis claiming another victim.
Read full story Comments Off Dollar jumps higher as investors seek refuge from turmoilPosted by UK Economy News
In UK financial news
30Sep 08 The dollar rose sharply against the euro as investors sought out a safe haven after the global financial system was shaken by US Congressional rejection of a 700-billion-dollar Wall Street bailout.
Read full story Comments Off Oil prices rebound after 10-percent plungePosted by UK Economy News
In UK financial news
30Sep 08 Oil prices rallied Tuesday on bargain-hunting after slumping 10 percent a day earlier when US lawmakers rejected a multi-billion-dollar rescue package for ailing American banks, traders said.
Read full story Comments Off Eurozone inflation eases in September to 3.6%Posted by UK Economy News
In UK financial news
30Sep 08 Inflation in the 15 nations sharing the euro eased in September for second month running to 3.6 percent amid lower oil prices, according to an estimate from the European Union's Eurostat data agency on Tuesday.
Read full story Comments Off US consumer confidence edges up for third monthPosted by UK Economy News
In UK financial news
30Sep 08 Battered US consumer confidence edged higher in September for the third consecutive month, led by hopes for better economic times in the coming months, the Conference Board reported Tuesday.
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