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Archive for September 2nd, 2008Dollar firms as euro slumps to six-month lowPosted by UK Economy News
In UK financial news
2Sep 08 The dollar got a lift Tuesday from falling oil prices while the euro hit a six-month low amid expectations of lower interest rates in the eurozone and stronger growth in the United States.
Read full story Argentina to repay 6.7 bln dollars to Paris Club countriesPosted by UK Economy News
In UK financial news
2Sep 08 Argentina announced Tuesday it will pay off its 6.7-billion-dollar debt to the Paris Club of international creditors, as the South American country slowly regains its footing following the disastrous economic crash of 2001.
Read full story Comments Off Brazilian president inaugurates deepwater oil extractionPosted by UK Economy News
In UK financial news
2Sep 08 President Luiz Inacio Lula da Silva inaugurated Tuesday Brazil's first extraction of oil from deep waters which highlighted techniques to be applied to vast oil fields found even farther offshore at greater depths.
Read full story Comments Off Oil prices plunge as Gustav fears fadePosted by UK Economy News
In UK financial news
2Sep 08 Oil prices plunged more than five dollars in New York Tuesday after Hurricane Gustav appeared to have wreaked less damage than feared to Gulf of Mexico energy facilities.
Read full story Comments Off Oil drops below $110 as Gustav fadesPosted by UK Economy News
In UK financial news
2Sep 08 Oil fell below $110 a barrel on Tuesday for the first time since April as traders bet the U.S. oil industry would recover quickly from Hurricane Gustav.
Read full story Comments Off Google challenges Microsoft with new browserPosted by UK Economy News
In UK financial news
2Sep 08 Google on Tuesday launched its own Internet browser, opening up a new challenge in cyberspace to Microsoft and its dominant Internet Explorer.
Read full story Comments Off As Gustav fades, oil companies work to restore operationsPosted by UK Economy News
In UK financial news
2Sep 08 Largely spared by Hurricane Gustav, oil companies on Tuesday tallied the damage to their Gulf of Mexico installations, from offshore rigs and drilling to coastal refineries.
Read full story Comments Off Euro strikes six-month dollar lowPosted by UK Economy News
In UK financial news
2Sep 08 The euro on Tuesday slid below 1.45 dollars for the first time since February as the market anticipated lower interest rates in the eurozone and stronger growth in the United States, analysts said.
Read full story Comments Off O2 finds mobile payments popularPosted by UK Economy News
In UK financial news
2Sep 08 Consumers are happy to pay for goods and services with their mobile phones, operator O2 found after a London trial, but many obstacles stand in the way of such payments becoming commonplace.
Read full story Comments Off Alcatel-Lucent names new management teamPosted by UK Economy News
In UK financial news
2Sep 08 French-US telecom equipment maker Alcatel-Lucent named Ben Verwaayen, former head of British telecom group BT, and Philippe Camus, co-director of French media group Lagardere, in a new top management team on Tuesday.
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