Archive for December 4th, 2007



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.
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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.
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American business leaders expect generally positive conditions in the coming six months despite a variety of economic headwinds, a survey showed Tuesday.
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Oil prices cool as OPEC meeting looms

Posted 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.
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Oil falls on Iran report

Posted 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.
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Tesco says gaining in non-food ranges

Posted 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.
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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.
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EU agrees shake-up of e-trade sales tax

Posted by UK Economy News
In Uncategorized
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.
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In Uncategorized
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.
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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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