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Archive for April 25th, 2008Telefonica Oi buys Brasil-Telecom for 3.5 billion dlrsPosted by UK Economy News
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25Apr 08 Brazilian telecommunications group Oi announced Friday it had bought out rival Brasil Telecom for 3.5 billion dollars (5,863 million reals).
Read full story Oil jumps more than $2 on U.S.-Iran tensionsPosted by UK Economy News
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25Apr 08 Oil prices jumped more than $2 to above $118 a barrel on Friday on supply disruptions in Nigeria and the North Sea and fresh tensions between the United States and Iran.
Read full story Comments Off Oil prices rally on supply tensions in Nigeria, BritainPosted by UK Economy News
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25Apr 08 Oil prices soared toward this week's record peaks Friday as traders fretted over threats to global energy supplies in Nigeria and Britain, analysts said.
Read full story Comments Off Oil jumps more than $2 on U.S.-Iran tensionsPosted by UK Economy News
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25Apr 08 Oil jumped more than $2 to above $118 a barrel on Friday on Nigerian and North Sea supply disruptions and rising tensions between the United States and Iran.
Read full story Comments Off TeliaSonera posts strong earnings, beats expectationsPosted by UK Economy News
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25Apr 08 Swedish-Finnish telecommunications operator TeliaSonera, currently eyed as a possible acquisition target by France Telecom, reported strong first-quarter results Friday that beat analysts' expectations.
Read full story Comments Off British refinery closure sparks fears of petrol queuesPosted by UK Economy News
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25Apr 08 British motorists could face petrol shortages in the next few days after one of the country's biggest oil refineries shut down Friday ahead of a strike over pensions.
Read full story Comments Off Ericsson posts sharp profit fall but beats expectationsPosted by UK Economy News
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25Apr 08 Swedish telecom infrastructure group Ericsson reported on Friday a sharp fall in first-quarter net profit compared to the year-ago figure, but the result beat expectations and sent its share price soaring more than 25 percent in midday trading.
Read full story Comments Off Deutsche Bank says it would be interested in Citigroup GermanyPosted by UK Economy News
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25Apr 08 Deutsche Bank, the biggest German bank, said on Friday it would be interested in acquiring the German activities of Citigroup if the US banking giant wanted to sell them.
Read full story Comments Off Spain sees lower growth, higher unemployment as housing sector slumpsPosted by UK Economy News
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25Apr 08 Spain on Friday cut its growth forecasts for 2008 and next year due to a sharper-than-expected slowdown in the housing sector as unemployment saw its sharpest jump in 15 years in the first quarter.
Read full story Comments Off Porsche ponders legal action against VW general assemblyPosted by UK Economy News
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25Apr 08 The German luxury sports car maker Porsche said Friday it had formally opposed the results of a Volkswagen shareholders general assembly, a move that could allow it to later file a formal complaint.
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