Archive for August 7th, 2006

UK Banks to increase Consumer rates this week

August 7, 2006
By invandbiznews
UK Banks to increase Consumer rates this week

After the ‘shock’ of last weeks interest increase, many banks spent the next few days deciding on what increases they would impose on the consumer. Surprisingly, few announced immediate increases and many have said they will ‘consider’ an appropriate response. Is this delay good news for the consumer? Unfortunately not. The psychology of how...
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Oil on the way up to $80

August 7, 2006
By invandbiznews
Oil on the way up to $80

Oil prices hit $77 a barrel after BP announced that it has been forced to close its Prudhoe Bay oilfield, one of the largest in the USA. The shutdown is due to a leak caused by corrosion in the pipelines and according to BP is indefinite. The action will affect about 400,000 barrels a...
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