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Archive for March 10th, 2008Oil prices gush to new highsPosted by UK Economy News
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10Mar 08 Oil prices struck double-barreled highs on Monday on concerns about dollar weakness and tight supplies as speculators bet on the market rally to go higher, traders said.
Read full story French probe into ‘rogue trader’ press leaksPosted by UK Economy News
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10Mar 08 French prosecutors are investigating the media leaking of messages between Jerome Kerviel, charged over the rogue trade scandal at Societe Generale, and a second trader, an official said Monday.
Read full story Comments Off EU launches probe of US online gambling restrictionsPosted by UK Economy News
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10Mar 08 The European Commission launched an investigation Monday into allegations that a US online gambling ban discriminates against EU firms, an action that could lead to a WTO case.
Read full story Comments Off Air France says it will make an offer for Alitalia on March 14Posted by UK Economy News
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10Mar 08 Air France-KLM said Monday it would submit a formal offer for Alitalia on March 14 as it seeks to take control of the struggling Italian airline after long-running and politically sensitive talks.
Read full story Comments Off EU probes online gambling crackdownPosted by UK Economy News
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10Mar 08 The European Union launched an investigation on Monday into whether U.S. prosecutions of foreign online gambling companies were discriminatory, possibly paving the way for action at the World Trade Organisation.
Read full story Comments Off HSBC unit shines as alternative to big Swiss banksPosted by UK Economy News
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10Mar 08 HSBC's Swiss private banking arm posted record profits and took in large sums of money from wealthy clients in 2007 in spite of -- if not due to -- the turmoil that has hurt its larger peers.
Read full story Comments Off BMW to invest 750 million dollars in US plantPosted by UK Economy News
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10Mar 08 German luxury carmaker BMW said on Monday it plans to invest an extra 750 million dollars (490 million euros) through 2012 in expanding its US plant at Spartanburg, South Carolina.
Read full story Comments Off Dollar finds support on Trichet comments, risk aversionPosted by UK Economy News
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10Mar 08 The dollar found some support here Monday, gaining ground on the euro on warnings against excessive exchange rate volatility from European Central Bank head Jean-Claude Trichet.
Read full story Comments Off Blackstone reveals 170 mln dlr loss amid credit ‘meltdown’Posted by UK Economy News
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10Mar 08 The Blackstone Stone Group LP, a large private equity firm which launched one of the biggest share offerings on the US market last year, announced a 170 million dollar quarterly loss Monday.
Read full story Comments Off Buyout firms not planning Virgin Media bidPosted by UK Economy News
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10Mar 08 A consortium of private equity groups named in a weekend press report has no current plans to make a bid for cable operator Virgin Media , a source familiar with the matter said on Monday.
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