Archive for January 21st, 2008


Getty Images up for sale: report

Posted by UK Economy News
In Uncategorized
21Jan 08

Getty Images, the world's biggest supplier of photographs and video material, is for sale and could go for more than 1.5 billion dollars, The New York Times reported Monday.
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In Uncategorized
21Jan 08

Foreign firms invested a record 82.7 billion dollars in booming China last year, the government said Monday, with analysts adding the tide of money had undermined efforts to slow economic growth.
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In Uncategorized
21Jan 08

Struggling Japanese electronics maker Sanyo Electric Co. said Monday it has decided to sell its mobile phone production unit to precision equipment maker Kyocera Corp.
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Mining group Anglo American Plc will invest $16 billion (8.23 billion pounds) through 2017 to boost iron ore output at its Brazilian mines to 100 million tonnes annually, chief executive Cynthia Carroll said Monday.
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Weather to drive fuel prices

Posted by UK Economy News
In Uncategorized
21Jan 08

The average consumer may think that fuel is expensive, but some in the oil refining industry will disagree.
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Two potential mega mergers involving four of the world's biggest mining companies could trigger shifts in the Canadian mining landscape, particularly in the nickel hub of Sudbury and the burgeoning northern diamond industry.
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Oil falls below $89 as stock markets drop

Posted by UK Economy News
In Uncategorized
21Jan 08

Oil slid by $2 to a six-week low below $89 a barrel on Monday as stock markets fell and concern mounted over an economic slow-down led by top consumer the United States.
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Vale confirms in talks with Xstrata

Posted by UK Economy News
In Uncategorized
21Jan 08

Brazilian mining giant Vale said Monday it has held takeover talks with Anglo-Swiss rival Xstrata, which analysts said could lead to a deal worth more than $100 billion (51.4 billion pounds) and one of the biggest mergers ever.
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Oil falls below $89 as stock markets drop

Posted by UK Economy News
In Uncategorized
21Jan 08

Oil slid by $2 to a six-week low below $89 a barrel on Monday as stock markets fell and concern mounted over an economic slow-down led by top consumer the United States.
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Investment firm Olivant said on Monday it expected to submit a proposal for stricken British mortgage bank Northern Rock Plc by a February 4 deadline.
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