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Archive for May 16th, 2008Austrian Airlines chief favours majority sale in case of partnershipPosted by UK Economy News
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16May 08 Austrian Airlines chairman Alfred Oetsch said he would favour a majority sale of the loss-making airline in the event of a strategic partnership, in an interview to be published Saturday.
Read full story Oil hits record near $128Posted by UK Economy News
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16May 08 Oil shot to a record high near $128 a barrel on Friday as a bullish price forecast from investment bank Goldman Sachs drowned out an offer of more supply from OPEC kingpin Saudi Arabia.
Read full story Comments Off Financial crisis ‘closer to the end’: PaulsonPosted by UK Economy News
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16May 08 US Treasury Secretary Henry Paulson said Friday he believes the financial crisis is winding down, but that it would take some time to fully emerge from the economic malaise.
Read full story Comments Off India’s inflation edges toward 8 pct as hits 44-month highPosted by UK Economy News
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16May 08 India's inflation rate accelerated to a 44-month high of nearly eight percent on Friday, dealing a fresh blow to the government which fears a voter backlash.
Read full story Comments Off US homebuilding jumps more than expectedPosted by UK Economy News
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16May 08 US homebuilding showed a surprisingly strong jump in April, signaling a ray of hope amid the rubble of the worst housing slump in decades, according to government data released Friday.
Read full story Comments Off British Energy says has received several offers for companyPosted by UK Economy News
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16May 08 Nuclear power operator British Energy said Friday that it has received several offers from parties interested in the company as Britain prepares major new atomic energy investment.
Read full story Comments Off ECB pumps 25 billion dollars into money marketsPosted by UK Economy News
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16May 08 The European Central Bank said Friday it was launching a 28-day liquidity-providing operation with an intended volume of 25 billion dollars, in line with an announcement on May 2.
Read full story Comments Off GE mulls spinoff of appliance divisionPosted by UK Economy News
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16May 08 General Electric said Friday it has begun a review of its appliance-making business that could involve a sale, spinoff or partnership with another company.
Read full story Comments Off Oil price surges to record high near 128 dollarsPosted by UK Economy News
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16May 08 The price of oil rocketed to a record high of 127.82 dollars per barrel on Friday, as US President George W. Bush prepared to urge Saudi Arabia to pump more crude, analysts said.
Read full story Comments Off Icahn’s Yahoo fight puts Microsoft in driver’s seatPosted by UK Economy News
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16May 08 Two weeks after Microsoft abandoned its pursuit of Yahoo , a proxy fight launched by activist investor Carl Icahn has put Microsoft in the driver's seat.
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