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Archive for February 28th, 2008RBS says no regrets on ABNPosted by UK Economy News
In UK financial news
28Feb 08 Royal Bank of Scotland on Thursday rejected criticism it had overpaid for last year's record purchase of Dutch bank ABN AMRO, as it significantly raised the benefits it expects from the deal.
Read full story Euro breaks above $1.52 for first timePosted by UK Economy News
In UK financial news
28Feb 08 The euro rose above $1.52 on Thursday for the first time in its nine-year history as investors bet that U.S. interest rates are set to fall further even as Europe's benchmark rate stays unchanged.
Read full story Comments Off Aviva unveils new asset management strategyPosted by UK Money News
In UK financial news
28Feb 08 Aviva, the country's biggest insurer, unveiled plans on Thursday to build a global asset management business with 316 billion pounds of funds under management.
Read full story Comments Off Puma recruits fashion designer to glam up brandPosted by UK Economy News
In UK financial news
28Feb 08 Sports goods maker Puma on Thursday appointed fashion designer Hussein Chalayan as its creative director in a bid to enhance its style status and mark itself out from rivals like Adidas .
Read full story Comments Off Areva says to supply Rio Tinto plant in S.AfricaPosted by UK Economy News
In UK financial news
28Feb 08 French nuclear power group Areva said on Thursday it had won a 80 million euros (61 million pounds) contract to supply power equipment for a new aluminium smelter in Port Elizabeth, South Africa, owned by Rio Tinto Alcan .
Read full story Comments Off BAT maps tobacco road to growthPosted by UK Economy News
In UK financial news
28Feb 08 British American Tobacco, the world's No 2 cigarette group, is setting the agenda for growth in the cigarette world with bolt-on acquisitions and savage cost cuts as the era of mega tobacco deals comes to a close.
Read full story Comments Off Oil rises towards $102 on weak dollarPosted by UK Economy News
In UK financial news
28Feb 08 Oil rose towards $102 a barrel on Thursday, trading within sight of its record high, as the U.S. dollar sank to a new low and after a supply cut in Nigeria, Africa's top exporter.
Read full story Comments Off PDVSA asks UK court to lift Exxon’s asset freezePosted by UK Economy News
In UK financial news
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 EU seeks to step up response to subprime falloutPosted by UK Economy News
In UK financial news
28Feb 08 The world's financial market system remains fragile and the European Union should regulate if the private sector fails to make changes quickly enough, a draft report for next week's meeting of EU finance ministers said.
Read full story Comments Off Delta Lloyd says buy-out would cost Fortis 1 bln euroPosted by UK Money News
In UK financial news
28Feb 08 Dutch-Belgian financial services group Fortis would need to pay 1 billion euros ($1.5 billion) to Aviva's Dutch unit Delta Lloyd to buy it out from a joint venture with ABN AMRO , Delta Lloyd's chief executive said on Thursday.
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