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Archive for July 8th, 2008OPEC to earn $1.251 trillion from oil exportsPosted by UK Economy News
In UK financial news
8Jul 08 OPEC's earnings from oil exports are expected to reach a record $1.251 trillion this year, about $73 billion (37 billion pounds) more than previously estimated, the U.S. government's top energy forecasting agency said on Tuesday.
Read full story Dollar gets helping hand from BernankePosted by UK Economy News
In UK financial news
8Jul 08 The dollar gained against other world currencies Tuesday in a move traders attributed to remarks by US Federal Reserve chairman Ben Bernanke who indicated more could be done to help US banks weather a lingering credit crunch.
Read full story Comments Off Top EADS executive called in for questioning: spokeswomanPosted by UK Economy News
In UK financial news
8Jul 08 The former chief financial officer of Airbus, and current head of the EADS plant in Dresden, Andreas Sperl, has been summoned to Paris for questioning in part of the corruption probe against EADS, a company spokeswoman said Tuesday.
Read full story Comments Off Anheuser-Busch files suit to block InBev takeoverPosted by UK Economy News
In UK financial news
8Jul 08 US brewing giant Anheuser-Busch filed suit to block a hostile takeover by InBev, claiming the Belgian-based rival used "illegal" and "deceptive" conduct, court documents showed Tuesday.
Read full story Comments Off Oil prices tumble to 136 dollars on demand jittersPosted by UK Economy News
In UK financial news
8Jul 08 Oil prices nosedived by over five dollars Tuesday as falling global equities and resurgent concerns about an economic slowdown stoked fears about future energy demand, traders said.
Read full story Comments Off Anheuser-Busch sues InBev over takeover attemptPosted by UK Economy News
In UK financial news
8Jul 08 Anheuser-Busch sued InBev in an effort to stop its Belgian-Brazilian suitor from taking any more steps to replace the U.S. brewer's board of directors, which had rejected a $46.3 billion (23.5 billion pound) takeover offer from InBev.
Read full story Comments Off InBev sets in motion bid to oust Anheuser boardPosted by UK Economy News
In UK financial news
8Jul 08 InBev set in motion its plan to oust the board of reluctant bid target Anheuser-Busch on Tuesday by sending a letter to the U.S. rival it has offered to buy for $46.3 billion (23.5 billion pounds).
Read full story Comments Off European construction sector headed for sharp slowdown: IfoPosted by UK Economy News
In UK financial news
8Jul 08 The European construction industry, having enjoyed several good years, is now headed for a slump likely to last until 2010, a leading German think-tank said Tuesday.
Read full story Comments Off EU to release 600 mln euros in aid for fishermenPosted by UK Economy News
In UK financial news
8Jul 08 The European Commission said Tuesday it aimed to release up to 600 million euros (940 million dollars) in aid to EU fishermen to help them cope with soaring fuel prices.
Read full story Comments Off Dollar firmer against euroPosted by UK Economy News
In UK financial news
8Jul 08 The dollar was firmer against the euro Tuesday, helped by comments from the head of the US Federal Reserve who indicated more could be done to help US banks to weather the credit crunch.
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