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Archive for February 28th, 2008MF Global fires trader who lost 141 mln dlrs on wheat betsPosted by UK Economy News
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28Feb 08 MF Global, a major brokerage firm, said Thursday it had fired a US-based trader who racked up losses of 141.5 million dollars in "unauthorized" trades tied to wheat futures.
Read full story Oil jumps to record highs on sliding dollarPosted by UK Economy News
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28Feb 08 Oil prices skyrocketed Thursday to record peaks as speculators piled into the market on the back of a sharp decline in the dollar after a disappointing weak report on US economic growth.
Read full story Comments Off Study says clean energy investment near $150 bln in 07Posted by UK Economy News
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28Feb 08 Global investment in clean energy technologies soared 60 percent last year to $148.4 billion (74.4 billion pounds), London-based researchers New Energy Finance said on Thursday.
Read full story Comments Off Oil jumps 3 pct to new peak on UK gas terminal firePosted by UK Economy News
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28Feb 08 Oil surged more than 3 percent to an all-time high on Thursday after news that a fire struck a major European natural gas terminal.
Read full story Comments Off US wireless telecom Sprint Nextel rings up huge lossesPosted by UK Economy News
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28Feb 08 US wireless firm Sprint Nextel on Thursday reported a steep fourth-quarter loss linked to its acquisition of Nextel and suspended dividend payments indefinitely.
Read full story Comments Off PDVSA asks UK court to lift Exxon’s asset freezePosted by UK Economy News
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28Feb 08 Venezuelan state oil company PDVSA has asked a UK court to lift a $12 billion (6 billion pounds) freeze on its assets granted to U.S. oil major Exxon Mobil pending arbitration over the seizure of Exxon's Venezuelan oil fields.
Read full story Comments Off German EON bows to EU energy liberalisation demandsPosted by UK Economy News
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28Feb 08 German power giant EON said Thursday it is ready to sell its transmission network, bowing to pressure from Brussels and putting it at odds with Berlin on how to liberalise Europe's energy sector.
Read full story Comments Off Germany-Liechtenstein tax battle escalatesPosted by UK Economy News
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28Feb 08 Liechtenstein on Thursday called for a compromise with European nations amid a worldwide tax fraud probe focused on its banks but said German agents who uncovered the scam committed a crime.
Read full story Comments Off RBS profits up despite writedownsPosted by UK Economy News
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28Feb 08 Royal Bank of Scotland reported higher profits and dividend and lifted the cost savings it expects to make from its takeover of ABN AMRO, calming investor nerves even as it widened a write-down on risky assets.
Read full story Comments Off Liechtenstein says Germany committed crime on bank dataPosted by UK Economy News
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28Feb 08 Liechtenstein said Thursday it had no choice but to investigate the theft and sale to Germany of bank data that has sparked a global hunt on tax evaders because the actions constituted a crime.
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