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Archive for July 3rd, 2008IMF sees loss rising to 242 million dollarsPosted by UK Economy News
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3Jul 08 The International Monetary Fund on Thursday projected its budget deficit would rise to 242 million dollars in the 2009 fiscal year, after a loss that was not as bad as expected in the past year.
Read full story French prosecutors seek charges against rogue trader assistantPosted by UK Economy News
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3Jul 08 French prosecutors are seeking charges against the assistant of Jerome Kerviel, the Societe Generale rogue trader accused of causing multi-billion-euro losses at the bank, officials said Thursday.
Read full story Comments Off US economy loses jobs for sixth straight monthPosted by UK Economy News
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3Jul 08 The world's biggest economy lost jobs for a sixth straight month in June as US employers shed 62,000 nonfarm jobs amid a lingering slowdown, a Labor Department report showed Thursday.
Read full story Comments Off Dollar sees bounce after US jobs data, ECB commentPosted by UK Economy News
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3Jul 08 The dollar rose sharply Thursday after a US labor market report that was not as bad as feared and indications that a European Central Bank rate hike may be the last for some time.
Read full story Comments Off Oil prices blaze past record 146 dollarsPosted by UK Economy News
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3Jul 08 Red-hot world oil prices blazed over a record 146 dollars a barrel Thursday in the face of falling US oil reserves, geopolitical tensions and a weak dollar, traders said.
Read full story Comments Off Vodafone acquires 70 percent stake in Ghana TelecomPosted by UK Economy News
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3Jul 08 Vodafone Group said on Thursday it paid $900 million (454 million pounds) for a 70 percent stake in Ghana Telecom, the African country's third largest mobile phone operator.
Read full story Comments Off BA deal with American and Iberia seen possible soonPosted by UK Economy News
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3Jul 08 British Airways , AMR Corp's American Airlines and Spain's Iberia are close to forming a transatlantic partnership that would apply for antitrust immunity, a source briefed on the matter said on Thursday.
Read full story Comments Off Oil tops $145 ahead of U.S. holidayPosted by UK Economy News
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3Jul 08 Oil hit a record above $145 a barrel on Thursday ahead of the Independence Day holiday weekend in the United States before paring gains as the dollar recovered from a two-month low.
Read full story Comments Off Trichet says ECB examining collateral swap rulesPosted by UK Economy News
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3Jul 08 The European Central Bank is carefully reviewing the range of assets banks are allowed to use as security for ECB funding, and may need to tighten its rules, ECB President Jean-Claude Trichet said on Thursday.
Read full story Comments Off Worried oil chiefs fail to find consensusPosted by UK Economy News
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3Jul 08 One of the energy industry's biggest gatherings ended Thursday in the shadow of record crude prices, with concern growing about a third oil shock but with little consensus about what to do about it.
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