http://www.worldeconomies.co.uk World Economy News: Economies of the World Sat, 28 Jun 2008 15:12:05 +0000 http://backend.userland.com/rss092 en The price of oil has finally slipped back on international markets below the $80 mark, with investors keenly anticipating figures from the US crude oil inventory due tomorrow. The price of crude oil has fallen back over the last few days with investors content to reap the rewards of their investment ... http://www.worldeconomies.co.uk/03102007-383.html The central bank of Zimbabwe has today launched a variation on its existing currency, as part of its wider commitment to tackling the crippling rate of inflation that has left the country in dire economic need. The currency will in effect reduce the number of zeros on each bank note, after ... http://www.worldeconomies.co.uk/03102007-382.html Stock markets across the world have experienced a day of mixed market trading today, with hopes of a further Federal Reserve interest rate cut doing little to curb the anti-investment sentiment arising from lower pending home sales. Europe saw an overall fall in its unemployment figures to give the leading exchanges ... http://www.worldeconomies.co.uk/03102007-381.html The Bank of England should lower interest rates when it meets this week in order to aid economic growth and avoid potential pitfalls of prolonged high rates, according to a statement made by the influential Ernst & Young Item Club today. The move came just days before the Bank of England ... http://www.worldeconomies.co.uk/01102007-380.html The UK minimum wage is set to increase as of today, leaving around one million employees nationwide with a statutory pay increase as a result.  Additionally entitlement to annual leave has also increased as of today, as part of an ongoing reform of employment law and benchmark employment standards. The full ... http://www.worldeconomies.co.uk/01102007-379.html The Japanese postal system has today begun its initial privatisation, as part of a decade long plan that will see the state run service become the largest commercial bank in the world. The Japanese postal service Japan Post will begin its fragmentation today amongst the private sector organisations that have won ... http://www.worldeconomies.co.uk/01102007-378.html Stock markets across Europe and the US have tonight closed down on the start of trade, after a day of fairly mixed economic news led to an overall gloomier picture of the world economy. News of US consumers continuing to spend was a welcome relief from the woes of recent months, ... http://www.worldeconomies.co.uk/28092007-377.html The International Monetary Fund has today officially named its new head in line with widespread analysts expectations, continuing what Russia has described as the trend of a European heading the IMF in return for an American heading the WTO. Former French finance minister Dominique Strauss-Kahn was unveiled today as the new ... http://www.worldeconomies.co.uk/28092007-376.html Oil prices in Asian markets have closed at a new record high through trade today, as a result of the ongoing weakness of the dollar and the perpetual supply fears that have propped up prices for the best part of this year. Through trading in Asia today the price of oil ... http://www.worldeconomies.co.uk/28092007-375.html The number of new homes selling in the US has fallen dramatically over the course of August fuelling fears that the problems of the sub-prime crisis have finally spread to the wider economy, according to official figures released today. The figures had been anticipated to be disappointing, which had seen a ... http://www.worldeconomies.co.uk/28092007-374.html