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Archive for December 9th, 2007Iran, China finalise two billion dollar oil contractPosted by UK Economy News
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9Dec 07 Iran and China's Sinopec on Sunday signed a two billion dollar contract to develop a major Iranian oil field, a crucial deal for the Iranian energy industry at a time of mounting international pressure.
Read full story EU leaders admit trade talks with Africa difficultPosted by UK Economy News
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9Dec 07 European leaders admitted that efforts to conclude new trade agreements with Africa were struggling, as the two continents Sunday ended a landmark summit aimed at forging a new relationship.
Read full story Comments Off Gazprom, Shell, Sonatrach and Polski win first gas contracts: LibyaPosted by UK Economy News
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9Dec 07 Libya on Sunday awarded four potentially lucrative gas exploration contracts to fuel giants Shell, Gazprom, Sonatrach and Polski, the first ever given to foreign firms as relations warm between Tripoli and the West.
Read full story Comments Off LBO firms may eye overseas IPOs for U.S. buyoutPosted by UK Economy News
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9Dec 07 Private equity firms looking to sell companies are increasingly likely to float shares in foreign markets because of favourable offering environments and the declining dollar.
Read full story Comments Off Libya awards gas exploration permitsPosted by UK Economy News
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9Dec 07 Libya awarded permits to Russia's Gazprom, Algeria's Sonatrach, Royal Dutch Shell and Poland's PGNiG in its first gas-focused exploration licensing round, its state energy company said on Sunday.
Read full story Comments Off Steady hiring softens U.S. rate-cut urgencyPosted by UK Economy News
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9Dec 07 Steady U.S. hiring points to economic resilience that will let the Federal Reserve cut interest rates by a restrained quarter-percentage point on Tuesday rather than a more aggressive half point.
Read full story Comments Off Lagardere says France would not block Airbus jobs planPosted by UK Economy News
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9Dec 07 The senior French industrial shareholder in Airbus parent EADS said on Sunday the group was likely to push ahead with plans to shift jobs outside the euro zone and doubted the government would intervene.
Read full story Comments Off Iran and China’s Sinopec sign oil-field dealPosted by UK Economy News
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9Dec 07 Iran said China's Sinopec would invest around $2 billion (985 million pounds) under a deal signed on Sunday to develop the huge Yadavaran oil field, the kind of energy deal the United States has been trying to prevent.
Read full story Comments Off AXA CEO says financial market turmoil not over yetPosted by UK Economy News
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9Dec 07 Global financial market turmoil is not over yet, but the fallout from the turbulence should not be exaggerated, the chief executive of French insurer AXA said on Sunday.
Read full story Comments Off Private equity chiefs look to MidEast in LBO lullPosted by UK Economy News
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9Dec 07 In recent years, leveraged buyout executives scoured the Middle East mainly in search of investors.
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