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Archive for April 17th, 2008Nambia and De Beers close to finalising unit talksPosted by UK Economy News
In UK financial news
17Apr 08 Namibia and De Beers are close to concluding talks to increase to 50 percent the southern African country's holding in the local marine unit of the world's largest diamond producer, a De Beers spokesman said.
Read full story Global trade growth may fall to 4.5 percent in 2008: WTOPosted by UK Economy News
In UK financial news
17Apr 08 World trade growth could ease to 4.5 percent in 2008 as a sharp economic slowdown in developed countries will only be partly offset by strong gains in emerging economies, the WTO said Thursday.
Read full story Comments Off Thomson Reuters debuts amid global market jittersPosted by UK Economy News
In UK financial news
17Apr 08 Shares of global information company Thomson Reuters Corp fell in their debut on Thursday on jitters over a financial industry downturn.
Read full story Comments Off CEO says Northgate acquisition delayed by credit crisisPosted by UK Economy News
In UK financial news
17Apr 08 Van hire firm Northgate is holding back on plans to make an acquisition in a new territory due to the precarious state of the credit markets, its chief executive said on Thursday.
Read full story Comments Off Pfizer profit, sales drop after US license lossesPosted by UK Economy News
In UK financial news
17Apr 08 Pfizer Inc. said Thursday first-quarter earnings and sales fell due to the expiration of US exclusivity licenses for two key drugs that now face competition from generic versions.
Read full story Comments Off Thomson Reuters debuts amid global market jittersPosted by UK Economy News
In UK financial news
17Apr 08 Thomson Reuters Corp debuted on Thursday as a top global information company, hoping a portfolio of products from financial to legal and health-care will help it ride out the finance industry downturn.
Read full story Comments Off Euro strikes new high near 1.60 dollarsPosted by UK Economy News
In UK financial news
17Apr 08 The euro hit a record high 1.5984 dollars Thursday as the European Central Bank warned that surging eurozone inflation could last longer than thought, reducing chances of a cut to interest rates.
Read full story Comments Off Oil sets record highPosted by UK Economy News
In UK financial news
17Apr 08 Oil set a record above $115 a barrel on Thursday as a drop in U.S. gasoline inventories raised concern of tighter supply and a weak dollar boosted investor demand for commodities.
Read full story Comments Off Euro hits record high of 1.5984 dollarsPosted by UK Economy News
In UK financial news
17Apr 08 The euro hit an all-time record high of 1.5984 dollars on Thursday as the European single currency continued to win support from news of record-high inflation in the eurozone, traders said.
Read full story Comments Off Metro to explore sale of German retail chain Kaufhof: reportPosted by UK Economy News
In UK financial news
17Apr 08 The German retail giant Metro may start approaching potential buyers for its Kaufhof chain of department stores next month, a press report said Thursday.
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