Business with Reuters - International Herald TribuneAs prices plunge, OPEC faces dilemma on oil productionBy JAD MOUAWAD Fri, 05 Sep 2008 02:23:08 -0000
Cutting production to stem the price drop could spark a backlash and paint the oil cartel as greedy and short-sighted. Leaving production unchanged may precipitate the decline in prices at a time when oil demand is slowing.
Truce in oil battle between BP and Russian partnersBy Andrew E. Kramer Fri, 05 Sep 2008 00:44:54 -0000
Both sides made concessions, with the Russian oligarchs obtaining greater managerial control while BP retained its share of the oil profits.
White knight unlikely to join the bidding for LonminBy Eric Onstad Thu, 04 Sep 2008 16:14:01 -0000
But even without a rival bidder for the platinum miner, its current suitor, Xstrata, could sweeten its bid to get a board recommendation to shareholders and speed competition reviews.
ECB and British central bank hold interest rates steadyBy CARTER DOUGHERTY Fri, 05 Sep 2008 02:23:08 -0000
The two most important European central banks kept borrowing costs stable Thursday as they chose to wait to assess whether sharply slower growth is helping to curb inflation.
U.K. house prices post record annual fall Thu, 04 Sep 2008 10:32:46 -0000
Home prices fell for the seven month running in August to stand a record 12.7 percent lower than a year earlier, a survey showed on Thursday, in a sign the property downturn has already turned into a crash.
U.K. plan for first-time home buyers is sure to failBy James Saft Thu, 04 Sep 2008 11:44:15 -0000
The tax cut and other incentives will in effect suck money from those at the bottom of the housing ladder or not on it at all to support those further up, as well as the banks that have loaned them money.
BBC News | Business | UK EditionUK food prices rise 8.3% in 2008 Thu, 04 Sep 2008 23:07:46 -0000
UK food prices have risen by 8.3% since the start of this year, according to the BBC's new Food Price Index.
Economy worries hit world markets Thu, 04 Sep 2008 21:26:28 -0000
European and US shares fall on more fears over the state of the economy and the prospect of slower Eurozone growth.
Bank keeps UK interest rate at 5% Thu, 04 Sep 2008 12:16:05 -0000
The Bank of England holds interest rates at 5% for a fifth month as it balances a weak economy and high inflation.
'Millions bullied' in workplaces Fri, 05 Sep 2008 01:40:00 -0000
One in seven people have been bullied at work, with higher earners more likely to face problems, according to new research.
PM rules out one-off fuel payment Thu, 04 Sep 2008 20:02:35 -0000
Gordon Brown confirms the government will not be giving consumers a one-off payment to help with rising fuel bills.
House prices in double-digit fall Thu, 04 Sep 2008 11:21:16 -0000
UK house prices recorded an annual fall of 10.9% in August leaving the average home costing £174,178, says the Halifax.
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