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Archive for February 6th, 2008CORRECTED-U.S. probes stock sales of Socgen directorPosted by UK Economy News
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6Feb 08 (Corrects text and attribution in headline and first three paragraphs of Feb. 4 story to make clear the source familiar with the probe was talking about a U.S. investigation of the
banks trading, not of Robert A. Day specifically)
Read full story BHP Billiton rebuffed after making new move for Rio TintoPosted by UK Economy News
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6Feb 08 Mining group Rio Tinto spurned an improved 147.4-billion-dollar (100.9-billion-euro) takeover offer from rival BHP Billiton on Wednesday, saying the terms of the proposed megamerger were not in the interests of shareholders.
Read full story Comments Off McClatchy says Yahoo tie-up to boost ‘08 revenuesPosted by UK Economy News
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6Feb 08 U.S. newspaper publisher McClatchy Co said on Wednesday it expects its advertising tie-up with Yahoo to significantly boost online revenues, beginning in late 2008.
Read full story Comments Off HSBC bid talk boosts SocGenPosted by UK Economy News
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6Feb 08 Speculation that HSBC might bid for Societe Generale resurfaced on Wednesday as an impending $8 billion (4.1 billion pound) capital increase by the scandal-hit French bank loomed in the background.
Read full story Comments Off IMF urges Gulf states to cut money supply to curb inflationPosted by UK Economy News
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6Feb 08 Gulf Arab states must apply strict fiscal policies by tightening money supply to curb inflation, which has soared because of supply constraints in housing and commodities, an International Monetary Fund official said on Wednesday.
Read full story Comments Off Dispute grows between Nokia and German state on plant closurePosted by UK Economy News
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6Feb 08 The dispute between the German state of North-Rhine Westphalia (NRW) and Finnish phone maker Nokia intensified Wednesday after the state demanded Nokia pay back subsidies it received for a plant that is to be closed.
Read full story Comments Off German Postbank shares soar on fresh merger rumoursPosted by UK Economy News
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6Feb 08 Shares in German postal bank Deutsche Postbank leapt higher Wednesday amid fresh takeover and merger speculation sparked by a press report early in the day.
Read full story Comments Off Scania posts strong 2007 earnings, sees smooth ride aheadPosted by UK Economy News
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6Feb 08 Swedish truckmaker Scania announced Wednesday robust earnings for the fourth quarter and full-year 2007 boosted by strong demand in most markets, and forecast a smooth ride for 2008 and 2009.
Read full story Comments Off BHP Billiton raises hostile bid for Rio TintoPosted by UK Economy News
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6Feb 08 BHP Billiton, the world's biggest mining company, sweetened its takeover bid for rival Rio Tinto on Wednesday to 147.4 billion dollars (100.9 billion euros), but its proposal was again rebuffed.
Read full story Comments Off Former SocGen inspector tells of trading room anarchyPosted by UK Economy News
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6Feb 08 Profit-crazed traders, controllers out of their depth and executives who turn a blind eye: a former inspector at Societe Generale paints a damning picture of trading room anarchy at the scandal-hit bank.
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