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Archive for December 22nd, 2007Singapore to spend 1.4 billion US dollars to expand portPosted by UK Economy News
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22Dec 07 Singapore is set to spend two billion dollars (1.41 billion US) to increase its port's annual capacity by about 40 percent, a newspaper reported Saturday.
Read full story EU commissioner warns against buying ‘cheap and tacky’ toysPosted by UK Economy News
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22Dec 07 A top European official warned consumers against buying "cheap and tacky" toys this Christmas, and promised new measures next month to make playthings safer, in an interview appearing Sunday.
Read full story Comments Off Iran increases petrol ration: TVPosted by UK Economy News
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22Dec 07 Iran on Saturday started to allow motorists an extra 20 litres (5.2 gallons) of petrol a month under a rationing scheme aimed at cutting back on frenzied consumption, state television said.
Read full story Comments Off US urges Antigua to delay WTO sanctions on Internet gamblingPosted by UK Economy News
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22Dec 07 The United States Friday urged Antigua to hold off on imposing sanctions authorized by the WTO in a dispute over online gambling, saying Washington was revising its WTO commitments.
Read full story Comments Off Japan concerned about BHP-Rio dealPosted by UK Economy News
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22Dec 07 Japan's Fair Trade Commission, worried about a BHP Billiton takeover of Rio Tinto, has begun talks with counterparts in Europe and Australia about a possible investigation, the Asahi newspaper reported on Saturday.
Read full story Comments Off Cerberus confident about Chrysler’s futurePosted by UK Economy News
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22Dec 07 Cerberus Capital Management, Chrysler's new owner, expressed confidence about the automaker's future Friday after its chief executive said it was "operationally" bankrupt.
Read full story Comments Off Goldman’s Blankfein gets 34 million pound bonusPosted by UK Economy News
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22Dec 07 Goldman Sachs Group's board of directors awarded a $67.9 million (34 million pound) bonus to Chairman and Chief Executive Lloyd Blankfein for 2007, according to a filing with regulators.
Read full story Comments Off Alcoa sells packaging business to N. Zealand firmPosted by UK Economy News
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22Dec 07 US aluminum giant Alcoa announced Friday it has agreed to sell its packaging and consumer operations to New Zealand's Rank Group Limited for 2.7 billion dollars in cash.
Read full story Comments Off US banks abandon massive fund for credit crunchPosted by UK Economy News
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22Dec 07 Leading US banks abandoned Friday a joint plan to create a massive fund aimed at easing the global liquidity squeeze due to lack of interest in the market.
Read full story Comments Off Alcoa sells packaging, consumer business to N. Zealand firmPosted by UK Economy News
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22Dec 07 US aluminum giant Alcoa announced Friday it has agreed to sell its packaging and consumer operations to New Zealand's Rank Group Limited for 2.7 billion dollars in cash.
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