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Archive for May 23rd, 2008French fishermen protest as anger mounts in Spain, Portugal, BelgiumPosted by UK Economy News
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23May 08 French fishermen disrupted shipping in the Dover Strait and blocked access to an oil refinery on Friday as anger over high fuel costs reached fishing industries in Belgium, Spain and Portugal.
Read full story InBev working on Anheuser bidPosted by UK Economy News
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23May 08 Belgian brewer InBev NV is working on a $46 billion (23 billion pound) bid for Anheuser-Busch Cos Inc , according to a source familiar with the situation.
Read full story Comments Off After breather, oil rallies near record highsPosted by UK Economy News
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23May 08 Crude oil prices rallied near this week's sky-high records Friday on concerns that global output will not satisfy rising demand and speculation on the back of a weak dollar.
Read full story Comments Off Bank report says rogue trader had accomplicePosted by UK Economy News
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23May 08 Accused Societe Generale rogue trader Jerome Kerviel almost certainly had an accomplice in the huge deals which the French bank says cost more than seven billion dollars, according to a scathing internal report released Friday.
Read full story Comments Off Argentina faces new protests as striking farmers dig in heelsPosted by UK Economy News
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23May 08 Talks between Argentina's government and the country's farm sector, a key world grain producer, remained deadlocked Friday, with two new protests set for Sunday now looming.
Read full story Comments Off EU agriculture policy must ‘evolve’ as food prices rise: French PMPosted by UK Economy News
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23May 08 The European Union's Common Agricultural Policy (CAP) farm subsidy scheme must evolve in the face of the global food crisis, French Prime Minister Francois Fillon said Friday.
Read full story Comments Off US home sales decline, leaving record inventory glutPosted by UK Economy News
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23May 08 The troubled US housing sector saw little relief in April as sales declined and prices fell further, creating a record glut of homes for sale, an industry group said Friday.
Read full story Comments Off Inbev preparing 46 billion dollar offer for Anheuser-Busch: reportPosted by UK Economy News
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23May 08 Belgian-Brazilian brewing giant Inbev is preparing a 46-billion-dollar bid for Anheuser-Busch, US maker of Budweiser beer, the Financial Times website reported Friday.
Read full story Comments Off Oil rises on weak dollarPosted by UK Economy News
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23May 08 Oil rose on Friday on the weak U.S. dollar and ongoing long-term supply concerns that briefly pushed oil to a peak over $135 this week.
Read full story Comments Off Autocatalyst demand up despite high platinum pricePosted by UK Economy News
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23May 08 The high price of platinum should not hamper demand from automakers for platinum group metals used to make catalytic converters because of tightening global emission rules and a lack of alternatives.
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