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Archive for November 13th, 2007Oil prices slide as IEA lowers demand forecastsPosted by UK Economy News
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13Nov 07 World oil prices fell sharply for the second day running Tuesday after the International Energy Agency lowered its global demand forecast for crude.
Read full story Banks may lose up to 400 bln dlrs from US housing woesPosted by UK Economy News
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13Nov 07 Global banks are likely to be hit with hefty losses of up to 400 billion dollars stemming from mortgage investments that have soured in the US housing slump, according to an industry report.
Read full story Comments Off German economic prospects grow gloomy despite retail outlookPosted by UK Economy News
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13Nov 07 Prospects for the biggest eurozone economy grew gloomy Tuesday despite an upbeat retail appraisal, after fresh US subprime fears pushed a key financial barometer to an almost 15-year low.
Read full story Comments Off US calls on OPEC to increase oil productionPosted by UK Economy News
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13Nov 07 US Energy Secretary Samuel Bodman on Tuesday upped the pressure on OPEC to help cool record oil prices as leaders from member countries of the exporters' cartel prepare to meet at a rare summit.
Read full story Comments Off EU launches antitrust probe into Google’s DoubleClick dealPosted by UK Economy News
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13Nov 07 EU antitrust regulators launched on Tuesday an in-depth investigation into Google's takeover of the online advertising firm DoubleClick over concerns the deal could threaten competition.
Read full story Comments Off Dollar rallies against yen, as euro shrugs off weak dataPosted by UK Economy News
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13Nov 07 The dollar on Tuesday rebounded from an 18-month low against the yen as Tokyo voiced concern about the recent spike in the value of the Japanese currency, dealers said.
Read full story Comments Off Altria to sell New York headquarters for 525 million dollarsPosted by UK Economy News
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13Nov 07 US tobacco giant Altria said Tuesday said it signed an agreement to sell its headquarters building in New York City for about 525 million dollars.
Read full story Comments Off Experian eyes earnings rise despite headwindsPosted by UK Economy News
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13Nov 07 Credit information provider Experian is set to post a 12 percent rise in headline operating profit for the half-year, according to a Reuters survey, despite the impact of a slowdown in U.S. lending.
Read full story Comments Off China bans time-limited sales promotions after Carrefour stampedePosted by UK Economy News
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13Nov 07 China has banned time-limited sales promotions in retail outlets following a stampede at a Carrefour supermarket that killed three and injured 31, a government circular said.
Read full story Comments Off Myanmar gem auction to top up junta coffers despite sanctionsPosted by UK Economy News
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13Nov 07 Myanmar will on Wednesday launch its first auction of gems and jade since its deadly crackdown on pro-democracy protests, defying a tightening of sanctions and calls for a boycott of its jewel trade.
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