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Archive for January 18th, 2008Ousted Merrill Lynch boss gets Alcoa board seatPosted by UK Economy News
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18Jan 08 Aluminum giant Alcoa said Friday it had appointed former Merrill Lynch chief executive Stan O'Neal to its board after he was ousted from Merrill as the bank's multibillion dollars losses swelled.
Read full story World stocks slip again despite U.S. planPosted by UK Economy News
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18Jan 08 World stocks fell further on Friday, leading bond yields mostly lower, after an economic stimulus package announced by President George W. Bush left investors somewhat disappointed.
Read full story Comments Off Renault finalises 600 million euro investment in Moroccan plantPosted by UK Economy News
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18Jan 08 Renault-Nissan signed an accord Friday with the Moroccan government for what it says will be one of its largest automobile-making operations in the world, set to be constructed near Tangiers.
Read full story Comments Off Blackstone, Wellspring to buy Performance FoodPosted by UK Economy News
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18Jan 08 Performance Food Group Co. said Friday it has agreed to be acquired by an affiliate of The Blackstone Group and Wellspring Capital Management in a deal valued at about 1.3 billion dollars.
Read full story Comments Off Ukraine president ‘confident’ to join WTO February 5: agencyPosted by UK Economy News
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18Jan 08 Ukrainian President Viktor Yushchenko said Friday he was confident his ex-Soviet republic would join the World Trade Organisation early next month, Interfax news agency reported.
Read full story Comments Off Automobile Association says motor premiums keep risingPosted by UK Money News
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18Jan 08 The cost of car insurance in Britain rose 2.4 percent in the last quarter, continuing an upward trend that began in 2006 and pushing average premiums to their highest ever level, the Automobile Association (AA) said on Friday.
Read full story Comments Off Bulgaria, Russia sign gas pipeline dealPosted by UK Economy News
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18Jan 08 Bulgaria and Russia signed a deal Friday for the 10 billion euros (14.7 billion dollars) South Stream pipeline to carry Russian gas to Europe, giving Moscow an even greater say on European energy supplies.
Read full story Comments Off Vivendi arranges 3.5 bln euro loans for acquisitionsPosted by UK Economy News
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18Jan 08 French media and telecommunications group Vivendi said Friday it had arranged a 3.5-billion-euro (5.15-billion-dollar) credit line to fund US and French acquisitions.
Read full story Comments Off Oil prices rally at end of tough weekPosted by UK Economy News
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18Jan 08 Oil prices rose Friday at the end of a week in which they have slumped further from recent record highs of above 100 dollars amid concerns about a possible drop in energy demand.
Read full story Comments Off Bush to sketch broad outline of economic packagePosted by UK Economy News
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18Jan 08 US President George W. Bush will lay out the broad outline of a stimulus package aimed at smoothing over US economic woes but will provide few details on the effort, his spokesman said on Friday.
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