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Archive for January, 2008Scandal-hit Siemens extends limited amnesty offer by a monthPosted by UK Economy News
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31Jan 08 Scandal-wracked Germen engineering giant Siemens said Thursday it would extend a limited amnesty for staff that expose illegal practices by one more month.
Read full story Whirlpool to cut 1,250 jobs in US, MexicoPosted by UK Economy News
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31Jan 08 US appliance maker Whirlpool Corporation said Thursday it would be laying off 1,250 employees due to the planned closure of two manufacturing plants in the United States and Mexico.
Read full story Comments Off OPEC on course to hold oil output as Kuwait voices price fearsPosted by UK Economy News
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31Jan 08 OPEC on Thursday appeared less likely to bow to US pressure and hike oil output at its upcoming meeting here, as Kuwait voiced concern that a US recession could further cool oil prices.
Read full story Comments Off Internet outage hits business from Cairo to ColomboPosted by UK Economy News
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31Jan 08 Damage to undersea Internet cables hit business across the Middle East and South Asia on Thursday, including the vital call centre industry, prompting appeals for people to limit their surfing.
Read full story Comments Off Mattel rides Hot Wheels to higher profitPosted by UK Economy News
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31Jan 08 Mattel posted a better-than-expected fourth-quarter profit on Thursday, helped by strong international demand for its Hot Wheels cars and Fisher-Price line, and its shares rose 10 percent.
Read full story Comments Off Russia creates $32 billion fund to support pensionsPosted by UK Economy News
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31Jan 08 Russia has set aside 32 billion dollars (21.6 billion euros) from its massive oil and gas exports in a new fund to support the country's pension system, the finance ministry said on Thursday.
Read full story Comments Off BNP Paribas reveals interest in Societe GeneralePosted by UK Economy News
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31Jan 08 French bank BNP Paribas revealed Thursday it had its eye on crisis-hit Societe Generale, while voices in the European Union were raised against France for vowing to ward off hostile bids.
Read full story Comments Off US consumer spending shows tepid growthPosted by UK Economy News
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31Jan 08 US consumer spending showed the weakest growth in 15 months in December with Americans cautious about the economic picture, data showed Thursday.
Read full story Comments Off Russia allocates $32 billion to support pensionsPosted by UK Economy News
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31Jan 08 Russia has set aside 32 billion dollars (21.6 billion euros) from its massive oil and gas reserve funds to support the country's pension system, the finance ministry said on Thursday.
Read full story Comments Off F&C chief says to review all ownership optionsPosted by UK Money News
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31Jan 08 F&C Asset Management has excellent prospects as a standalone company, its chief executive said on Thursday, but will review all options after Friends Provident said it may sell its majority stake.
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