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Archive for January 2nd, 2008Oil starts 2008 at record highsPosted by UK Economy News
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2Jan 08 The price of oil on Wednesday hit 100 dollars a barrel here for the first time, providing a new jolt to oil-dependent economies, particularly the United States.
Read full story Fed worried about growth when cut rates: FOMC minutesPosted by UK Economy News
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2Jan 08 The Federal Reserve was mainly concerned about economic growth when it lowered interest rates by a quarter point last month, with a dissenter calling for a "more aggressive" cut, according to the minutes of the meeting released Wednesday.
Read full story Comments Off Nordic exchange OMX recommends Borse Dubai bidPosted by UK Economy News
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2Jan 08 The board of Nordic and Baltic stock exchange operator OMX on Wednesday advised shareholders to accept a bid from Emirates-based Borse Dubai and a subsequent planned acquisition by Nasdaq.
Read full story Comments Off Brent crude hits $98 a barrel for first timePosted by UK Economy News
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2Jan 08 Brent crude jumped more than 4 percent on Wednesday to hit $98 for the first time as violence in Nigeria and a weaker dollar prompted a wave of speculative buying.
Read full story Comments Off FACTBOX-Crude oil prices in major currenciesPosted by UK Economy News
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2Jan 08 (Reuters) - U.S. crude leapt to a record $100 a barrel on Wednesday as geopolitical turmoil, tight energy stocks and a weak U.S. dollar sparked speculative buying.
Read full story Comments Off Ukraine’s state-run energy firm near bankruptcy: prime ministerPosted by UK Economy News
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2Jan 08 Ukraine's state energy company Naftogaz is on the verge of bankruptcy and a special commission will be formed to try to save the group, Prime Minister Yulia Tymoshenko said Wednesday, Interfax news agency reported.
Read full story Comments Off FACTBOX-Why oil prices are at a record highPosted by UK Economy News
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2Jan 08 (Reuters) - U.S. crude oil hit an all-time high of $100 a barrel on Wednesday, the first day of trading in 2008.
Read full story Comments Off Dollar down as gold hits record highPosted by UK Economy News
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2Jan 08 The dollar fell sharply against the euro on Wednesday after weak manufacturing data had analysts talking again about a recession in the world's biggest economy.
Read full story Comments Off Oil seen heading even higherPosted by UK Economy News
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2Jan 08 Oil prices, which on Wednesday hit $100 a barrel for the first time, will probably go up further in the next five years unless economic growth falters and slows fuel demand.
Read full story Comments Off Gold soars to record highPosted by UK Economy News
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2Jan 08 Gold swept to a record high on Wednesday above the key $850-an-ounce mark, driven by surging oil, a weaker dollar and simmering geopolitical tensions that polished its safe-haven credentials.
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