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Archive for January 8th, 2008British Gas yet to decide on any price hikesPosted by UK Economy News
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8Jan 08 British Gas, the country's biggest energy supplier, has not yet decided whether to increase power and gas prices and has no plans to introduce regional gas pricing, a spokesman for the company said.
Read full story Foreign direct investment risks chill after record 2007: UNCTADPosted by UK Economy News
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8Jan 08 Global foreign direct investment (FDI) hit a record in 2007 but economic turbulence and inflationary pressures could have a "chilling" effect in 2008, the UN trade and development agency said Tuesday.
Read full story Comments Off Stiglitz says GDP may be poor indicator of economyPosted by UK Economy News
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8Jan 08 Joseph Stiglitz, the Nobel laureate economist tapped to head a new French study, said Tuesday he sees gross domestic product (GDP), the most often cited yardstick, as an imperfect indicator.
Read full story Comments Off UBS boss says no further capital hike neededPosted by UK Economy News
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8Jan 08 UBS does not need a new capital hike after Singapore helped plug a 10 billion dollar (6.8 billion euros) hole caused by the bank's exposure to the troubled US subprime home loan market, the bank's CEO Marcel Rohner said.
Read full story Comments Off Countrywide Financial slides on bankruptcy rumoursPosted by UK Economy News
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8Jan 08 Countrywide Financial Corp shares slid as much as 19.9 percent to their lowest level in nearly eight years on what traders called speculation that the largest U.S. mortgage lender might seek bankruptcy protection.
Read full story Comments Off Repsol unveils plans to spend 3.2 billion euros to update refineryPosted by UK Economy News
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8Jan 08 Repsol, Spain's biggest oil firm, said Tuesday it planned to invest 3.2 billion euros (4.7 billion dollars) to double capacity at its refinery in Cartagena in southwestern Spain.
Read full story Comments Off ASEAN a long way from EU-style integration: Lee Kuan YewPosted by UK Economy News
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8Jan 08 It will take 50 years or more for Southeast Asian nations to more closely resemble the European Union including the easing of border controls, according to Singapore's founding father Lee Kuan Yew.
Read full story Comments Off EU presidency expects economy to weaken in 2008Posted by UK Economy News
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8Jan 08 Europe's economy faces a rougher time in 2008 than last year in the face of financial market stress and surging oil and food prices, the European Union's Slovenian presidency warned Tuesday.
Read full story Comments Off Bid target Close Brothers reviews business optionsPosted by UK Economy News
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8Jan 08 Investment bank Close Brothers Group said on Tuesday it is reviewing all options for its business, after several bid approaches for the group.
Read full story Comments Off Air France-KLM says to meet Alitalia for takeover talksPosted by UK Economy News
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8Jan 08 Air France-KLM said Tuesday that chairman Jean-Cyril Spinetta will meet the head of Alitalia, Maurizio Prato, in Rome to begin discussions on its planned takeover of the ailing Italian carrier.
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