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Archive for May 7th, 2008Slovakia hails eurozone approval, rejects inflation criticismPosted by UK Economy News
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7May 08 Prime Minister Robert Fico hailed EU approval of Slovakia's euro entry as a historic decision for his country on Wednesday while rejecting criticisms of its efforts to curb inflation.
Read full story Dollar rises against euro on eve of ECB rate callPosted by UK Economy News
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7May 08 The dollar climbed strongly against the euro and yen on Wednesday, supported by hopes that the worst of the credit crunch is over and that the US economy will hold up better than expected, dealers said.
Read full story Comments Off InterContinental says quarterly profit slides by thirdPosted by UK Economy News
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7May 08 InterContinental Hotels Group said on Wednesday that its net profit slumped by a third in the first quarter as it relaunched its Holiday Inn brand, but gave a positive outlook even amid economic unrest.
Read full story Comments Off Europe stocks set highest close in nearly 4 monthsPosted by UK Economy News
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7May 08 European shares notched up their highest close since mid-January on Wednesday, cheered by a broad pick up in risk appetite, a weakening euro and stronger than expected results at construction and technology groups.
Read full story Comments Off Stormy scenes at German shipping and tourism giant TUIPosted by UK Economy News
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7May 08 A shareholders' meeting of Germany's TUI turned into a stormy affair on Wednesday as a Norwegian billionaire sought to chart a new course for the shipping and tourism giant.
Read full story Comments Off Subprime crisis inflicts more pain at German banksPosted by UK Economy News
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7May 08 Results from two German banks on Wednesday showed that the knock-on effects of the US subprime home loan crisis are still being felt around the world.
Read full story Comments Off Oil price hits record high 122.81 dollarsPosted by UK Economy News
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7May 08 The price of oil struck a record high 122.81 dollars on Wednesday amid concerns over tight supplies, traders said.
Read full story Comments Off Thames Water plugs leaks to win project backingPosted by UK Economy News
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7May 08 Thames Water hopes to win backing for controversial infrastructure projects by cutting leakage from its ageing pipe network and encouraging water users in southeast England to use less through metering.
Read full story Comments Off Mozambique chosen for pilot UN disaster projectPosted by UK Economy News
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7May 08 Mozambique has been chosen to take part in a pilot UN programme to identify risks and enhance early warning systems in disaster-prone countries, a UN official said Wednesday.
Read full story Comments Off Libya says oil prices likely to rise furtherPosted by UK Economy News
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7May 08 Oil prices, which this week hit a record high near $123 a barrel, will probably rise even further, the head of Libya's National Oil Corporation (NOC) said on Wednesday.
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