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Archive for July 17th, 2008Google profit up 35 percent at 1.25 billion dollarsPosted by UK Economy News
In UK financial news
17Jul 08 Google's second-quarter profit rose 35 percent from a year ago to 1.25 billion dollars, led by strong growth outside the US market in online advertising operations, the Internet giant said Thursday.
Read full story Google earnings miss expectationsPosted by UK Economy News
In UK financial news
17Jul 08 Google Inc reported a weaker-than-expected 35 percent rise in quarterly net profit due to lower interest income and higher expenses for foreign currency hedges, driving its shares down 7 percent on Thursday.
Read full story Comments Off Merrill Lynch posts loss of 4.89 bln dlrs, sheds assetsPosted by UK Economy News
In UK financial news
17Jul 08 Wall Street investment giant Merrill Lynch on Thursday announced a quarterly net loss of 4.89 billion dollars, driven by hefty writedowns from its bets on the US real estate market.
Read full story Comments Off Google earnings miss expectationsPosted by UK Money News
In UK financial news
17Jul 08 Google Inc's quarterly net income fell short of Wall Street expectations on Thursday, suggesting it may be suffering from a weakening U.S. economy like its rivals, and its shares fell about 10 percent.
Read full story Comments Off EU says Intel engaged in more unfair competitionPosted by UK Economy News
In UK financial news
17Jul 08 The European Commission said on Thursday it suspected US chip giant Intel of fresh instances of unfair competition.
Read full story Comments Off Cheaper oil fuels global stocks rallyPosted by UK Economy News
In UK financial news
17Jul 08 Global stocks surged for a second day on Thursday as JPMorgan Chase's earnings lifted the battered banking sector and a slide in oil prices to under $130 a barrel eased fears that inflation could run amok.
Read full story Comments Off Oil extends slide below $130 on demand worries and IranPosted by UK Economy News
In UK financial news
17Jul 08 Oil dropped by $5 on Thursday, extending a decline of about 12 percent from last week's record on worries over U.S. demand and easing political tensions between Iran and the West over the OPEC producer's nuclear program.
Read full story Comments Off IMF says global economy in ‘tough spot’ despite higher growthPosted by UK Economy News
In UK financial news
17Jul 08 The IMF on Thursday lifted growth forecasts modestly for the world including the United States but said the global economy is in a "tough spot" due to rising inflation amid a slowdown.
Read full story Comments Off Oil extends slide below $130Posted by UK Economy News
In UK financial news
17Jul 08 Oil prices dropped by $5 on Thursday, adding to a decline of about 12 percent from last week's record on worries over U.S. demand and easing political tensions between Iran and the West over the OPEC producer's nuclear program.
Read full story Comments Off Mandelson: no deal on bananas means no deal on WTOPosted by UK Economy News
In UK financial news
17Jul 08 European Trade Commissioner Peter Mandelson warned Thursday that if there was no accord with banana producers on imports in Europe, then there could be no wider deal on global trade liberalisation.
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