Archive for March 21st, 2008


BAA agrees partial sale of property unit

Posted by UK Economy News
In UK financial news
21Mar 08

BAA, the British airports unit of Spain's Ferrovial , said on Friday it had agreed a partial sale of its Airport Property Partnership joint venture for 265 million pounds.
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Russian steelmaker Severstal said on Friday it had reached a deal with the biggest world steel group ArcelorMittal to buy one of ArcelorMittal's US plants for 810 million dollars (520 million euros).
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French power giant EDF will join forces with Spanish construction company ACS to take over Iberdrola and Union Fenosa in massive deals worth 100 billion dollars (64 billion euros), the Wall Street Journal reported on Friday.
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Russia denies arrest linked to Britain row

Posted by UK Economy News
In UK financial news
21Mar 08

The arrest on spying charges of an employee with oil major BP's Russian joint venture has nothing to do with Moscow's strained relations with Britain, the Russian Foreign Ministry said on Friday.
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European plane maker Airbus said on Friday it wished to clarify that it was continuing negotiations for the divestment of sites in France, Germany, and the UK.
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European plane maker Airbus said on Friday it wished to clarify that it was continuing negotiations for the divestment of sites in France, Germany, and the UK.
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Dollar little changed in Asian trade

Posted by UK Economy News
In UK financial news
21Mar 08

The dollar held steady well above its recent lows against other major currencies in Asian trade on Friday with many players away for a long holiday weekend, dealers said.
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The US Treasury said Thursday it had reached a series of agreements with two powerful sovereign wealth funds based in Abu Dhabi and Singapore covering investments in US markets.
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Russia's parliament is to vote Friday on a draft law limiting foreign investor access to key sectors including oil and gas, the media, and fishing, officials said.
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Gold dipped on Friday in trade thinned by holidays in key bullion centres in Asia but the metal held above a 1-month low hit the previous day, with dealers expecting bargain hunters to resurface at lower levels.
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