Archive for the ‘Business’ Category

Houses in Espoo are more expensive compared to other major towns in Finland.

According to Statistics Finland about 60 percent of Finnish households have debt. Around 1/3 of households have mortgage loan and half of households have consumer or other loans.

Oil prices fell nearly 1 percent to below $93 a barrel on Tuesday, fading from their latest record high as investors took profits from a rally driven by a Mexican supply outage and the spiralling dollar.

Oil prices rose above $93 a barrel to a new trading high in Asia Monday on growing political tensions in the Middle East, a weak dollar and worries about the supply outlook ahead of the winter.

Crude oil prices spiked above $92 a barrel Friday on tensions in the Middle East and renewed concerns about supply.

The Bush administratin on Monday asked Congress for nearly $46 billion in additional war spending for 2008, calling on U.S. lawmakers to approve the money before adjourning for the holidays.

Oil thundered more than $2 to a new peak above $88 a barrel on Tuesday, extending a nine-dollar rally since last week on tight supplies, strong demand and growing tensions in northern Iraq.

YouTube has produced its share of celebrities: Lonelygirl15, the lip-syncing Chinese teenagers known as the Back Dormitory Boys, and Tyson, the skateboarding bulldog, to name a few.

Oil prices surged past the $83-a-barrel level on Thursday, near record highs, after a US inventory report showed lower-than-expected stockpiles.

Supply fears sent US sweet light crude to $83.04 a barrel in Asian trade, near its $83.90 high set on 20 September.

For the peak-oil crowd, that merry band of doomsters who believe global oil production is about to go into irreversible decline and plunge us into a new Stone Age, the timing couldn’t have been better. As the Association for the Study of Peak Oil and Gas was holding its conference in Cork, Ireland, earlier this week, oil prices conveniently set record prices. By midweek, they had gone as high as $82 (U.S.) a barrel.