Archive for November 21st, 2007



Crude oil futures pulled back from a run toward 100 dollars a barrel in New York as a rally failed to push prices past the key psychological barrier.
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Oil falls after record rally past $99

Posted by UK Economy News
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21Nov 07

Oil fell on Wednesday after hitting an all-time high above $99 a barrel as stockpiles rose at a key U.S. storage hub and concerns mounted over the health of the world's top economy.
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VW aims to overtake Toyota by 2018: report

Posted by UK Economy News
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21Nov 07

Volkswagen, already the biggest European car maker, aims to overtake Toyota of Japan as the biggest worldwide in 2018 by selling 11 million vehicles, the German magazine Capital said Wednesday.
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Europe's single currency is climbing quickly against the dollar and could seriously curb growth, forcing the European Central Bank to come up with a response, economists say.
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Spain's logistics operator Logista said Wednesday it would sell its 6.42 percent stake in the country's flag carrier Iberia, the target of two takeover bids, for 220.2 million euros (324.2 million dollars).
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In Uncategorized
21Nov 07

World Trade Organisation chief Pascal Lamy said on Wednesday he does not expect any breakthrough in talks to liberalise global commerce before the end of this year.
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Three set to make bids for Norweb

Posted by UK Economy News
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21Nov 07

Three suitors are expected to bid on Thursday for Norweb, the wires business United Utilities is auctioning for about 1.5 billion pounds, people close to the matter said on Wednesday.
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Dollar plunges to new record euro low

Posted by UK Economy News
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21Nov 07

The dollar on Wednesday slumped to a fresh record low against the euro owing to weaker US growth projections and the prospect of another cut to American interest rates, traders said.
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Oil retreats after surge above $99

Posted by UK Economy News
In Uncategorized
21Nov 07

Oil retreated on Wednesday after earlier closing in on the $100 milestone in response to a new slump in the dollar.
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In Uncategorized
21Nov 07

The price of crude oil surged to a record peak above 99 dollars per barrel in New York on Wednesday on the back of the falling US dollar and tight global crude supplies, traders said.
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