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Archive for February 3rd, 2008Google balks at Microsoft bid for YahooPosted by UK Economy News
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3Feb 08 Internet giant Google said Sunday it finds "troubling" Microsoft's multi-billion-dollar bid to acquire rival Yahoo and urged US and international regulators to strenuously vet the proposed deal.
Read full story Microsoft-Yahoo deal poses antitrust issues-GooglePosted by UK Economy News
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3Feb 08 Google fired back on Sunday at Microsoft's $44.6 billion (22.7 billion pounds) bid to acquire Yahoo , accusing Microsoft of seeking to extend its computer software monopoly deeper into the Internet realm.
Read full story Comments Off Societe Generale on trial in French-Israel scamPosted by UK Economy News
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3Feb 08 Embattled French bank Societe Generale faces fresh troubles Monday when a trial opens in Paris involving a vast money laundering scam between France and Israel.
Read full story Comments Off France’s Veolia to fully enter Japanese waterworks marketPosted by UK Economy News
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3Feb 08 France's Veolia Water, the world's largest water company, will fully enter the Japanese waterworks market by boosting its stake in a Japanese partner, a newspaper said Sunday.
Read full story Comments Off Singapore’s GIC to buy Westin Hotel Tokyo for 723 mln dlrsPosted by UK Economy News
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3Feb 08 The Government of Singapore Investment Corp (GIC) has agreed to buy the Westin Tokyo luxury hotel for 77 billion yen (723 million dollars) from Morgan Stanley, a newspaper said Sunday.
Read full story Comments Off Rio Tinto’s chief waits for richer BHP offerPosted by UK Economy News
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3Feb 08 With his formal training in geology, Tom Albanese could be excused for believing he'd struck the mother lode after orchestrating a bump-free $38 billion (19.3 billion pound) acquisition of Alcan just six months into his new job as chief executive of Rio Tinto, the world's second-largest mining house.
Read full story Comments Off China’s army of migrant workers stranded in winter freezePosted by UK Economy News
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3Feb 08 For Luo Qingming, returning to his village in central China for the New Year holiday is the one bright spot in a year full of back-breaking work and low pay.
Read full story Comments Off ECB expected to stand firm on rates, despite concernsPosted by UK Economy News
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3Feb 08 Faced with record inflation, the European Central Bank is expected to resist pressure for an interest rate cut when its governing council meets this week, in the wake of moves by the US Federal Reserve.
Read full story Comments Off Western demand drives Burkina Faso organic goodsPosted by UK Economy News
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3Feb 08 Burkina Faso may be one of the poorest countries on the planet but some of its people are now getting ahead thanks to rising demand in the developed world for organically grown cotton and skin-saving shea butter.
Read full story Comments Off Berlin edges towards property boom second time roundPosted by UK Economy News
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3Feb 08 Some of the cheapest housing of any major European city is attracting a wave of foreign buyers to the German capital, promising a new property boom after a false start after the fall of the Berlin Wall nearly 20 years ago.
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