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Archive for March 2nd, 2008SKorea’s POSCO begins to build pipe plant in USPosted by UK Economy News
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2Mar 08 South Korea's steel giant POSCO has broken ground to build a 129-million-dollar plant to produce pipes in California, the company said Sunday.
Read full story No resolution in Ukraine-Russia gas dispute: GazpromPosted by UK Economy News
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2Mar 08 Russia and Ukraine have not managed to resolve their gas payment conflict, a spokesman for Russian gas giant Gazprom said on Sunday, as a deadline approached after which Moscow has threatened supply cuts.
Read full story Comments Off China fast becoming the world’s shipyardPosted by UK Economy News
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2Mar 08 In a drydock at a shipyard in northeast China's Dalian city, a 300,000-tonne oil tanker is ready for delivery to Maersk, its hull painted in the Danish shipping company's trademark blue.
Read full story Comments Off Australian companies vulnerable to credit crunch: analystsPosted by UK Economy News
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2Mar 08 Some high-flying Australian firms have found themselves vulnerable in the global credit crunch as they have never weathered a crisis during the country's uninterrupted 16-year growth spurt, analysts say.
Read full story Comments Off Virgin Mobile in India with Tata TeleservicesPosted by UK Economy News
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2Mar 08 Virgin Mobile, a unit of communications group Virgin Media , has launched youth-focused services in India through telecom operator Tata Teleservices, officials from the companies said on Sunday.
Read full story Comments Off HSBC tipped by analysts to post 12.4 percent profit rise in 2007Posted by UK Economy News
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2Mar 08 HSBC has been tipped by analysts to report on Monday a 12.4 percent profit increase for 2007 as a strong performance in Asia helped offset rising US bad debts and asset write-downs from the credit crunch.
Read full story Comments Off All eyes on record oil prices as OPEC prepares to meetPosted by UK Economy News
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2Mar 08 OPEC, whose member countries together pump 40 percent of the world's oil, was expected to maintain its official output ceiling on Wednesday as crude prices trade at record highs above 100 dollars.
Read full story Comments Off Germany hit by a series of major job cut announcementsPosted by UK Economy News
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2Mar 08 Several German industrial heavyweights have unveiled shock combinations of strong earnings and sharp job cuts, feeding widening discontent amid a landmark tax fraud scandal.
Read full story Comments Off ECB to cut this week — its growth forecasts, that isPosted by UK Economy News
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2Mar 08 The European Central Bank will make a cut of sorts this week -- but with eurozone inflation stubbornly high the cut will be to its growth forecasts, not interest rates.
Read full story Comments Off Liechtenstein offers olive branch as tax scandal spiralsPosted by UK Economy News
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2Mar 08 Liechtenstein sought to placate its neighbours Saturday with a pledge to reform its banking system as the shockwaves from the revelation of a secret list of alleged tax evaders continue to ripple worldwide.
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