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Archive for July 23rd, 2008WTO dealmakers hold late talks in bid to end deadlockPosted by UK Economy News
In UK financial news
23Jul 08 Leading WTO members held late-night talks on Wednesday searching for the key to unlock blocked negotiations on a new global trade deal, with developed and emerging countries at loggerheads.
Read full story Oil prices plunge on build in US gasoline reservesPosted by UK Economy News
In UK financial news
23Jul 08 Oil prices tumbled Wednesday as supply concerns eased after a bigger-than-expected increase in gasoline reserves was reported in the United States.
Read full story Comments Off Oil slips further amid worries over U.S. demandPosted by UK Economy News
In UK financial news
23Jul 08 Oil prices fell $4 to a six-week low on Wednesday after a U.S. government report reinforced concerns high prices and economic turmoil were slashing into the nation's energy demand.
Read full story Comments Off Fed’s Beige Book cites slow growth, higher price pressuresPosted by UK Economy News
In UK financial news
23Jul 08 US economic activity appears to have slowed to a crawl in the past weeks even as price pressures intensified, the Federal Reserve said in its Beige Book report Wednesday.
Read full story Comments Off EU backing clears last hurdle to Porsche takeover of VWPosted by UK Economy News
In UK financial news
23Jul 08 German sports car maker Porsche cleared a major hurdle Wednesday in its bid to acquire Volkswagen when the European Union's executive commission gave its backing to the deal.
Read full story Comments Off De Beers says first-half sales sparkle, but cautions on outlookPosted by UK Economy News
In UK financial news
23Jul 08 De Beers, the world's biggest diamond company, said Wednesday that first-half sales rose 10 percent to 3.74 billion dollars (2.37 billion euros) but warned of woes in the key US market.
Read full story Comments Off GM global auto sales skid 5.0 percentPosted by UK Economy News
In UK financial news
23Jul 08 General Motors on Wednesday posted a five percent drop in global sales in the second quarter as a sharp drop in its home market offset strong gains overseas.
Read full story Comments Off Vodafone announces 1.0-billion-pound shares buy-backPosted by UK Economy News
In UK financial news
23Jul 08 British mobile phone giant Vodafone said Wednesday it would repurchase shares worth 1.0 billion pounds (1.3 billion euros, 2.0 billion dollars) and stressed that it was undervalued.
Read full story Comments Off Siemens mulls sale of Czech train factoryPosted by UK Economy News
In UK financial news
23Jul 08 The German engineering group Siemens is mulling the sale of a Czech factory, where 950 workers make trains, as part of the restructuring of its transport division, it said on Wednesday.
Read full story Comments Off McDonald’s heaps up healthy profitPosted by UK Economy News
In UK financial news
23Jul 08 Fast-food giant McDonald's posted Wednesday better-than-expected profit in the second quarter on robust international sales despite rising commodity prices.
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