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Archive for September 4th, 2008Global interest rate moves signal tightening near endPosted by UK Economy News
In UK financial news
4Sep 08 A raft of central bank interest rate decisions on Thursday reinforced investor opinion that the international rates cycle had peaked, with growth risks starting to outweigh the inflation worries of policymakers.
Read full story Gloom in Europe lifts dollar against euro, poundPosted by UK Economy News
In UK financial news
4Sep 08 The euro sank to its lowest level of the year against the dollar Thursday after the European Central Bank cut its growth forecasts, adding to gloom surrounding the eurozone economy.
Read full story Comments Off Boeing faces strike in two days if talks on new contract failPosted by UK Economy News
In UK financial news
4Sep 08 Boeing on Thursday faced a strike by its largest labor union in two days if last-ditch contract talks fail, further delaying the US firm's first new plane in more than a decade, the 787 Dreamliner.
Read full story Comments Off Oil prices fall as dollar surgesPosted by UK Economy News
In UK financial news
4Sep 08 Oil prices fell Thursday as the dollar strengthened against the euro on eurozone economic woes and the market shrugged off a larger-than-expected decline in US energy stockpiles.
Read full story Comments Off Oil falls on a drop in U.S. fuel demandPosted by UK Economy News
In UK financial news
4Sep 08 Oil fell by more than $1 on Thursday as concerns over weak demand outweighed an unexpected drop in U.S. crude oil inventories.
Read full story Comments Off Fiat plans to boost ties with China, India: reportsPosted by UK Economy News
In UK financial news
4Sep 08 Italian car maker Fiat is in talks with Chinese companies about possible partnerships and is considering further tie-ups in India, Italian media reported Thursday, citing the company's chief executive.
Read full story Comments Off Informa rejects lower bid from consortiumPosted by UK Economy News
In UK financial news
4Sep 08 UK publishing company Informa said it had rejected a reduced takeover offer from a consortium as it significantly undervalued the group.
Read full story Comments Off Euro dives to 2008 low against dollarPosted by UK Economy News
In UK financial news
4Sep 08 The euro sank to its lowest level against the dollar this year on Thursday after the European Central Bank cut its eurozone growth forecasts, adding to gloom surrounding the European economy.
Read full story Comments Off ECB holds interest rates, slashes growth forecastsPosted by UK Economy News
In UK financial news
4Sep 08 The European Central Bank kept its key lending rate unchanged on Thursday and slashed its growth forecasts for this year and next, sending stock markets and the euro into tailspins.
Read full story Comments Off Unilever names Nestle’s Polman as CEOPosted by UK Economy News
In UK financial news
4Sep 08 Unilever named company outsider Paul Polman, a veteran of its two biggest consumer goods rivals, as chief executive on Thursday in a surprise choice to revive its sluggish performance that sent its shares surging.
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