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- Business News (rss) (8410)
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Blanchflower says big rate cuts needed
August 28, 2008 on 11:16 pm | In Business News | No CommentsLONDON (Reuters) - Two million Britons may be out of work by Christmas and big cuts in interest rates are needed now to stop the economy heading into a deep and prolonged slump, Bank of England policymaker David Blanchflower told Reuters.
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Blanchflower says big rate cuts needed
Oil firm near $117 on storm fears
August 28, 2008 on 11:14 pm | In Business News | No CommentsTOKYO (Reuters) - Oil rose more than $1 to near $117 a barrel on Friday as energy companies prepared for Tropical Storm Gustav to deliver what could be the hardest hit to …
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Oil firm near $117 on storm fears
Asia stocks climb but down for fourth month
August 28, 2008 on 10:56 pm | In Business News | No CommentsHONG KONG (Reuters) - Asia stocks rallied on Friday, led by industrial companies and exporters, after a big upward revision to second quarter U.S. economic growth boosted the outlook for demand, but shares were down for a fourth month.
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Asia stocks climb but down for fourth month
The Telegraph reports Russia may cut oil supply
August 28, 2008 on 10:44 pm | In Business News | No CommentsSINGAPORE (Reuters) - The Daily Telegraph reported on Friday that the Russian government had told at least one of its oil companies to prepare for a possible cut in shipments to Europe in days in response to threatened sanctions, citing a single unidentified source. Forex traders in Asia cited the report as one reason for the dollar’s decline against other currencies and the rise in U.S. oil prices which were up 1 percent or $1.16 at $116.75 a barrel. Oil traders said the approach of Tropical St
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The Telegraph reports Russia may cut oil supply
Olympic cheer lifts consumer morale
August 28, 2008 on 10:02 pm | In Business News | No CommentsLONDON (Reuters) - Falling petrol prices, summer holidays and Britain’s best Olympic medal tally in a century combined to give an unexpected lift to consumer morale in August, a survey showed on Friday.
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Olympic cheer lifts consumer morale
Olympic cheer lifts consumer morale in August
August 28, 2008 on 7:30 pm | In Business News | No CommentsLONDON (Reuters) - Falling petrol prices, summer holidays and Britain’s best Olympic medal tally in a century combined to give an unexpected lift to consumer morale in August, a survey showed on Friday.
Zoom Airlines grounds planes and files for bankruptcy
August 28, 2008 on 4:57 pm | In Business News | No CommentsCALGARY, Alberta (Reuters) - Zoom Airlines, a Canadian discount transatlantic carrier stung by sky-high fuel costs, cancelled all flights and began bankruptcy proceedings on Thursday, stranding passengers at several airports.
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Zoom Airlines grounds planes and files for bankruptcy
U.S. dollar and stocks gain on economy
August 28, 2008 on 4:13 pm | In Business News | No CommentsNEW YORK (Reuters) - The dollar gained and U.S. stocks rallied more than 1 percent on Thursday on news of solid U.S. economic growth and a drop in oil prices despite the threat that powerful storm Gustav poses for the Gulf’s energy infrastructure.
Oil falls as U.S. and IEA ready emergency stockpiles
August 28, 2008 on 3:28 pm | In Business News | No CommentsNEW YORK (Reuters) - Oil prices fell more than $2 on Thursday after the U.S. government and the International Energy Agency pledged to release emergency stockpiles if Tropical Storm Gustav disrupted U.S. oil production.
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Oil falls as U.S. and IEA ready emergency stockpiles
FTSE hits 2-mth closing high on banks
August 28, 2008 on 12:32 pm | In Business News | No CommentsLONDON (Reuters) - The leading share index rose 1.3 percent on Thursday as data showing the U.S. economy grew stronger than initially estimated in the second quarter boosted financials and retailers, while acquisition talk lifted grocer Sainsbury.
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