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Archive for December 4th, 2007OPEC unclear over oil output amid expensive crudePosted by UK Economy News
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4Dec 07 OPEC left open the door on Tuesday to an oil output increase as Saudi Arabia refused to spell out its intentions on the eve of a ministerial meeting of the crude-producers' cartel in Abu Dhabi.
Read full story Comments Off Daimler expects huge US demand for tiny Smart carPosted by UK Economy News
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4Dec 07 German car maker Daimler said Tuesday that next month's launch of its tiny Smart car in the United States will unleash such stiff demand the company will have trouble meeting it.
Read full story Comments Off CEO survey suggests brighter US economic outlookPosted by UK Economy News
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4Dec 07 American business leaders expect generally positive conditions in the coming six months despite a variety of economic headwinds, a survey showed Tuesday.
Read full story Comments Off Oil prices cool as OPEC meeting loomsPosted by UK Economy News
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4Dec 07 Oil prices cooled Tuesday, with all eyes on a looming OPEC output meeting in Abu Dhabi where a production hike was being debated.
Read full story Comments Off Oil falls on Iran reportPosted by UK Economy News
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4Dec 07 Oil sank nearly a dollar on Tuesday after a U.S. report downplaying Iran's nuclear program eased geopolitical concerns and economic worries in the world's top consumer continued to weigh on demand growth prospects.
Read full story Comments Off Tesco says gaining in non-food rangesPosted by UK Economy News
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4Dec 07 Tesco sounded a warning to rivals on Tuesday, saying it was taking market share in non-food ranges such as televisions and beauty products, as it met third-quarter sales forecasts.
Read full story Comments Off China’s Baosteel says likely to bid for Rio Tinto: reportPosted by UK Economy News
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4Dec 07 China's largest steel producer Baosteel Group is likely to launch a bid for global mining giant Rio Tinto, already the target of BHP Billiton, Chinese press reports said Tuesday.
Read full story Comments Off EU agrees shake-up of e-trade sales taxPosted by UK Economy News
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4Dec 07 EU finance ministers ended on Tuesday five years of deadlock over a shake-up of value added tax (VAT) on electronic commerce after overcoming deep opposition from Luxembourg.
Read full story Comments Off Russia, Ukraine gas price deal relieves EuropePosted by UK Economy News
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4Dec 07 Ukraine and Russia agreed Tuesday on the price of gas supplies for 2008, defusing a possible dispute like the one that disrupted supplies to the European Union last year.
Read full story Comments Off Audi increasing profitability, looking at possible US plantPosted by UK Economy News
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4Dec 07 German car maker Audi is aiming for an 8.0 percent profit margin ahead of schedule and might transfer some activities to the United States, chief executive Rupert Stadler said in an interview Tuesday.
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