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Archive for January 21st, 2008BP’s ex-CEO sees solid reasons for high oil pricesPosted by UK Economy News
In UK financial news
21Jan 08 High oil prices are well supported by a number of factors including tight global inventories, leaving little reason to expect prices to ease much, the former chief executive of BP said on Monday.
Read full story Foreign companies pour money into China: commerce ministryPosted by UK Economy News
In UK financial news
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.
Read full story Comments Off Brazilian mining giant poised to make 90-bln-dlr bid for XstrataPosted by UK Economy News
In UK financial news
21Jan 08 Brazilian mining giant Companhia Vale do Rio Doce is preparing to make a bid worth up to 90 billion dollars for smaller Anglo-Swiss rival Xstrata, Brazilian newspapers reported Monday.
Read full story Comments Off Oil falls below $89 as stock markets dropPosted by UK Economy News
In UK financial news
21Jan 08 Oil slid by almost $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.
Read full story Comments Off Friends Provident shares jump as US private equity firm mulls bidPosted by UK Economy News
In UK financial news
21Jan 08 The share price of British insurer Friends Provident leapt higher on Monday after American private equity company J.C. Flowers said it was considering a takeover bid.
Read full story Comments Off Credit crisis raises stakes for German banking sectorPosted by UK Economy News
In UK financial news
21Jan 08 The collapse of shares in German property group Hypo Real Estate and a looming loss at regional bank WestLB are reminders of just how vulnerable Germany is to the US housing crisis, and more bad news might be on the way.
Read full story Comments Off JC Flowers says mulling Friends Provident bidPosted by UK Economy News
In UK financial news
21Jan 08 U.S. private equity firm JC Flowers said on Monday it was considering making an offer for Friends Provident , boosting the shares of the stricken insurer.
Read full story Comments Off British public finances worsen in DecemberPosted by UK Economy News
In UK financial news
21Jan 08 Britain's public finances recorded a deficit of 17 billion pounds (22.8 billion euros, 33.1 billion dollars) in December, the highest ever level for the month, official data showed Monday.
Read full story Comments Off Biffa has approach from GE-backed fundPosted by UK Economy News
In UK financial news
21Jan 08 Waste-collection firm Biffa has received a counter-approach worth around 1.5 billion pounds from a fund backed by General Electric , said sources familiar with the matter.
Read full story Comments Off Oil prices fall on demand fearsPosted by UK Economy News
In UK financial news
21Jan 08 World oil prices slid on worsening worries about a potential drop in energy demand owing to the weakness of the US economy, analysts said Monday.
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