Oil steady near $108

September 4, 2008 on 10:26 pm | In Business News | No Comments

SINGAPORE (Reuters) - Oil prices were little changed near $108 on Friday after falling nearly 8 percent this week as traders shed commodities positions to join a dollar rally and on signs that $100-plus prices were crippling demand.

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Oil steady near $108

Oil falls after drop in U.S. fuel demand

September 4, 2008 on 3:57 pm | In Business News | No Comments

NEW YORK (Reuters) - Oil fell by more than $1 on Thursday as concerns over weak demand in a softening U.S. economy outweighed an unexpected drop in U.S. crude oil inventories and continued production problems in the wake of Hurricane Gustav.

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Oil falls after drop in U.S. fuel demand

Informa rejects lower bid from consortium

September 4, 2008 on 1:49 pm | In Business News | No Comments

LONDON (Reuters) - UK publishing company Informa said it had rejected a reduced takeover offer from a consortium as it significantly undervalued the group.

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Informa rejects lower bid from consortium

FTSE dips 2.5 percent on economy fears

September 4, 2008 on 12:42 pm | In Business News | No Comments

LONDON (Reuters) - Britain’s leading shares index fell sharply in late trade on Thursday as comments by the European Central Bank and increased economic fears weighed on banks, while the Bank of England held borrowing rates steady.

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FTSE dips 2.5 percent on economy fears

Car sales fall to record weakest August since 1966

September 4, 2008 on 12:36 pm | In Business News | No Comments

LONDON (Reuters) - New car registrations in Britain had their worst August in more than 40 years last month, industry numbers showed on Thursday, adding to what was already a gloomy week for Europe’s car producers.

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Car sales fall to record weakest August since 1966

Oil falls on a drop in U.S. fuel demand

September 4, 2008 on 12:14 pm | In Business News | No Comments

LONDON (Reuters) - Oil fell by more than $2 on Thursday as concerns over weak demand outweighed an unexpected drop in U.S. crude oil inventories.

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Oil falls on a drop in U.S. fuel demand

BP loosens TNK-BP grip to end fight with oligarchs

September 4, 2008 on 11:41 am | In Business News | No Comments

LONDON/MOSCOW (Reuters)- BP bowed to demands from its partners in TNK-BP and eased its grip on Russia’s third-largest oil producer on Thursday to end a bitter dispute that had knocked BP’s shares and rattled investor confidence in Russia.

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BP loosens TNK-BP grip to end fight with oligarchs

EU executive softens stance on payment card fees

September 4, 2008 on 11:19 am | In Business News | No Comments

BRUSSELS (Reuters) - The European Commission urged banks on Thursday to launch new pan-EU direct debit services for consumers using a fee structure it said last year violated the bloc’s competition law.

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EU executive softens stance on payment card fees

Oil firms above $109 ahead of U.S. oil data

September 4, 2008 on 10:17 am | In Business News | No Comments

LONDON (Reuters) - Oil edged up on Thursday as a number of U.S. refineries remained shut because of hurricane disruption and ahead of U.S. government data expected to show …

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Oil firms above $109 ahead of U.S. oil data

Boeing workers vote to strike

September 4, 2008 on 8:52 am | In Business News | No Comments

SEATTLE (Reuters) - Boeing Co faces a walkout by 27,000 workers on Friday after members of its largest labour union rejected the planemaker’s contract offer and voted to strike unless a compromise is reached in time.

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Boeing workers vote to strike

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