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Archive for November 28th, 2007Oil prices fall as US reserves dip by less-than-expectedPosted by UK Economy News
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28Nov 07 Oil prices slumped Wednesday amid a smaller-than-expected drawdown of US energy reserves and comments from Saudi Oil Minister Ali Al-Nuaimi that eased concerns about a supply squeeze.
Read full story Oil tumbles as U.S. supply worry easesPosted by UK Economy News
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28Nov 07 Oil prices tumbled 4 percent on Wednesday after a U.S. government report showed crude stockpiles fell less than expected last week, easing supply concerns in the world's top consumer.
Read full story Comments Off Fed sees signs of slowing US economy: Beige BookPosted by UK Economy News
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28Nov 07 Signs of a US economic slowdown are starting to become apparent with consumer spending becoming "soft" amid a deep slump in housing, the Federal Reserve said in its Beige Book report Wednesday.
Read full story Comments Off Canada investigates chocolate ‘conspiracy’Posted by UK Economy News
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28Nov 07 Canada is investigating a number of high-profile chocolate giants for allegedly trying to cut themselves a sweet deal through price-fixing in the multi-billion dollar industry, officials said Wednesday.
Read full story Comments Off EU regulators open state-aid probe into Ryanair’s use of Pau airportPosted by UK Economy News
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28Nov 07 The European Commission launched a state aid probe on Wednesday into the use by Irish low-cost airline Ryanair of Pau airport in southwestern France.
Read full story Comments Off Fed won’t hold economy ‘hostage’ to punish speculators: KohnPosted by UK Economy News
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28Nov 07 The Federal Reserve "should not hold the economy hostage" to teach a lesson to financial market speculators, central bank vice chairman Donald Kohn said Wednesday.
Read full story Comments Off Ladbrokes eyes Italian online growthPosted by UK Economy News
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28Nov 07 Bookmaker Ladbrokes said on Wednesday it had started taking online bets from Italian punters, the latest step in its expansion into the country.
Read full story Comments Off Oil prices fall on US data, amid OPEC uncertaintyPosted by UK Economy News
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28Nov 07 Oil prices weakened Wednesday after news that US energy inventories had fallen less than expected last week and as Saudi Oil Minister Ali Al-Nuaimi refused to be drawn over whether OPEC would hike output.
Read full story Comments Off US existing home sales drop 1.2 pct, prices in record slumpPosted by UK Economy News
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28Nov 07 Sales of existing homes in the United States fell for the eighth consecutive month in October and prices posted a record plunge amid stubborn housing woes, industry figures showed Wednesday.
Read full story Comments Off EU, China confront each other on trade disputePosted by UK Economy News
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28Nov 07 China and Europe confronted each other over their long-running trade dispute here Wednesday, with the EU calling for a level playing field and Chinese Premier Wen Jiabao insisting on gradual reform.
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