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Archive for February 9th, 2008Yahoo set to rebuff Microsoft bidPosted by UK Economy News
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9Feb 08 Yahoo is set to reject Microsoft Corp's unsolicited bid, now worth $42 billion (21.6 billion pounds), as too low, a source familiar with the situation told Reuters on Saturday -- the first clear signal the board might be prepared to negotiate and sell the Internet media giant.
Read full story Yahoo to reject Microsoft bid: reportPosted by UK Economy News
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9Feb 08 Internet giant Yahoo's board has decided to reject Microsoft's takeover bid, saying its 44.6 billion dollar offer "massively undervalues" Yahoo, the Wall Street Journal reported Saturday.
Read full story Comments Off Brazil’s industrial output grows 6 pct: govtPosted by UK Economy News
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9Feb 08 Brazil's industrial output grew six percent last year, its biggest expansion since 2004, the state statistical agency said Friday.
Read full story Comments Off Japan to nominate Muto as next central bank chief: reportPosted by UK Economy News
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9Feb 08 The Japanese government is planning to nominate Bank of Japan deputy governor Toshiro Muto as the next head of the central bank, the Yomiuri Shimbun daily said Saturday.
Read full story Comments Off IMF chief says countries should consider fiscal boostPosted by UK Economy News
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9Feb 08 The head of the IMF on Saturday renewed his call for countries to consider fiscal measures to boost demand in the face of slowing economic growth caused by the US subprime loan crisis.
Read full story Comments Off G7 finance chiefs see growing risks to world economyPosted by UK Economy News
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9Feb 08 Top world finance ministers warned Saturday that the global economy faces growing threats from a US housing slump and credit crunch, pledging to take remedial action if needed.
Read full story Comments Off Yahoo board may rebuff Microsoft bidPosted by UK Economy News
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9Feb 08 Yahoo's board believes Microsoft's unsolicited bid of $44.6 billion (23 billion pounds) to acquire Yahoo "massively undervalues" the company and directors are set to reject the offer, the Wall Street Journal reported on Saturday, citing an unnamed source.
Read full story Comments Off Paris broker released in SocGen trading casePosted by UK Economy News
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9Feb 08 French judges dismissed conspiracy accusations against a Paris broker on Saturday, dealing a severe blow to the hunt for an accomplice to trader Jerome Kerviel in the rogue trading scandal at French bank Societe Generale.
Read full story Comments Off French judges release second suspect in rogue trader affairPosted by UK Economy News
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9Feb 08 A second broker suspected of involvement in the Societe Generale affair appeared before French judges Saturday on suspicion of knowing about the multi-billion-euro losses being made by rogue trader Jerome Kerviel, a judicial source said.
Read full story Comments Off European Central Bank chief doesn’t rule out rate hike, cutPosted by UK Economy News
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9Feb 08 European Central Bank chief Jean-Claude Trichet said Saturday the bank did not rule out either raising or lowering interest rates, while saying that the eurozone's economic fundamentals were sound.
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