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Archive for May 5th, 2008Oil jumps $4 to record over $120 on weak dollarPosted by UK Economy News
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5May 08 Oil jumped $4 to record highs over $120 a barrel on Monday on the weaker U.S. dollar and supply concerns from OPEC members Nigeria and Iran.
Read full story India’s Bharti says in exploratory’ talks with MTNPosted by UK Economy News
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5May 08 India's top mobile phone firm Bharti Airtel said Monday it had entered into "exploratory" talks with Africa's biggest cellular operator MTN Group, which could lead to a possible takeover offer.
Read full story Comments Off Bush to discuss oil prices on trip to Saudi ArabiaPosted by UK Economy News
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5May 08 President George W. Bush is expected to talk with Saudi Arabian officials about the effect record oil prices are having on the U.S. economy during his upcoming visit to the kingdom, the White House said on Monday.
Read full story Comments Off ADB chief warns a billion Asians at risk from soaring food pricesPosted by UK Economy News
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5May 08 The head of the Asian Development Bank called on Monday for an "immediate response" to soaring food prices which he said placed more than a billion Asians at risk of malnutrition.
Read full story Comments Off Japan must drop tariffs on Hynix semiconductors by Sept: WTOPosted by UK Economy News
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5May 08 Japan must drop punitive tariffs on imports of semiconductors made by South Korean firm Hynix by September 1, a World Trade Organisation arbitrator ruled Monday.
Read full story Comments Off EU rules out linking Russia up to Nabucco pipelinePosted by UK Economy News
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5May 08 The European Commission ruled out on Monday the possibility of linking Russia up to the Nabucco gas pipeline, stressing that Europe would stick to its aim of diversifying EU supplies.
Read full story Comments Off New York oil price crosses 120 dollars for first timePosted by UK Economy News
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5May 08 Oil prices crossed 120 dollars a barrel in New York Monday following fresh unrest in Nigeria, Africa's largest oil producer, and rising tensions between the West and Iran.
Read full story Comments Off Yahoo shares fall 21 percentPosted by UK Economy News
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5May 08 Yahoo's shares tumbled 22 percent in premarket trading on Monday after Microsoft withdrew its $47.5 billion (24.1 billion pound) takeover offer for the Internet search and media company.
Read full story Comments Off World growth still strong but inflationary risks significant: TrichetPosted by UK Economy News
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5May 08 Global growth is still strong owing to the resilience of emerging markets but inflation risks are significant, European Central Bank chief and G10 spokesman Jean-Claude Trichet said on Monday.
Read full story Comments Off Airbus faces A380 delays, report says pushing downs EADS stockPosted by UK Economy News
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5May 08 Airbus faces more production delays for its A380 superjumbo jetliner and might not be able to deliver the 25 planes promised in 2009, a press report said on Monday causing shares in parent group EADS to fall.
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