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Archive for May 28th, 2008Dollar gains a few notches against euroPosted by UK Economy News
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28May 08 The dollar advanced a few notches against the euro Wednesday as a better-than-expected survey on US durable goods orders offset a report showing German inflation had crept higher, dealers said.
Read full story Shareholders force ExxonMobil to consider climatePosted by UK Economy News
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28May 08 ExxonMobil softened its tone on environmental responsibility and the need to invest in alternative energy sources Wednesday in the face of strong pressure from shareholders.
Read full story Comments Off World oil prices rebound; Brown warns of ‘oil shock’Posted by UK Economy News
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28May 08 World oil prices rebounded to around 131 dollars per barrel Wednesday, reversing earlier losses in volatile trade amid lingering worries about stretched energy supplies, analysts said.
Read full story Comments Off German milk strike spreads to other European countriesPosted by UK Economy News
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28May 08 With food costs soaring around the world, German dairy farmers began a strike over falling milk prices Wednesday in a protest that a European milk body said is spreading to other countries.
Read full story Comments Off Police detain former EADS head over insider trading: sourcePosted by UK Economy News
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28May 08 The former co-chief executive of European aerospace group EADS, Noel Forgeard, was taken into police custody Wednesday for questioning over suspected insider trading, a source close to the case said.
Read full story Comments Off Shell quits UK windfarmPosted by UK Economy News
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28May 08 Royal Dutch Shell was disappointed to pull out of a big UK windfarm project after rising costs, and its Canadian oil sands projects were "not a good thing" for the climate, the chairman of Shell UK said.
Read full story Comments Off Oil rebounds over $130 a barrelPosted by UK Economy News
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28May 08 Oil rose over $130 a barrel on Wednesday, rebounding from a sharp drop that had been triggered by concerns about Asian demand.
Read full story Comments Off EU urges France to tighten up on budgetPosted by UK Economy News
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28May 08 The European Commission urged Paris Wednesday to step up measures to rein in its swelling public deficit, alarmed the shortfall in the public accounts is rising dangerously close to EU limits.
Read full story Comments Off Airbus looking around the world for 500 engineers: bossPosted by UK Economy News
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28May 08 European plane maker Airbus is looking around the world for 500 engineers and is having trouble finding qualified applicants in Europe, boss Thomas Enders said Wednesday at the Berlin Air Show.
Read full story Comments Off Harsh internal IMF audit calls for ‘major changes’Posted by UK Economy News
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28May 08 Internal auditors at the International Monetary Fund released a harshly critical report on governance Wednesday and urged "major changes" to maintain the embattled institution's relevance.
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