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Archive for August 10th, 2008Paulson rules out staying on at TreasuryPosted by UK Economy News
In UK financial news
10Aug 08 Treasury Secretary Henry Paulson believes the US housing market will remain in a slump through the rest of the year, but does not intend to stay on to help the next president cope with the crisis.
Read full story Iraq, China ready to revive major oil dealPosted by UK Economy News
In UK financial news
10Aug 08 Iraq's oil ministry said Sunday it plans to resurrect a major oil deal with China that fell apart amid crippling United Nations sanctions and the aftermath of the 2003 US-led invasion.
Read full story Comments Off Energy stocks undervalued, rebound seenPosted by UK Economy News
In UK financial news
10Aug 08 The sharp drop in oil and natural gas prices has produced an even sharper pullback in energy stocks, creating what may be one of the best buying opportunities in the sector in several years, according to an article in the August 11 edition of Barron's.
Read full story Comments Off Jordan, Shell in talks to extract oil from huge shale reservesPosted by UK Economy News
In UK financial news
10Aug 08 Energy-poor Jordan said on Sunday it was in talks with Anglo-Dutch group Royal Dutch Shell on an agreement to extract oil from the desert kingdom's 40-billion-tonne oil shale reserves.
Read full story Comments Off Regulator may call for BAA break-upPosted by UK Economy News
In UK financial news
10Aug 08 The UK's Competition Commission may be set to recommend the break-up of the British Airports Authority (BAA), which is owned by Spain's Ferrovial , The Observer newspaper reported.
Read full story Comments Off Xstrata to raise 5 billion pounds for Lonmin bidPosted by UK Economy News
In UK financial news
10Aug 08 Swiss-based miner Xstrata is looking to raise more than 5 billion pounds in order to forge ahead with its hostile $10 billion bid for South African rival Lonmin, the Sunday Telegraph reported.
Read full story Comments Off ITV reportedly faces revolt from regional broadcastersPosted by UK Economy News
In UK financial news
10Aug 08 Free-to-air broadcaster ITV is facing a revolt from regional broadcasters over its plans to increase the amount it charges them to carry its content, the Sunday Telegraph reported.
Read full story Comments Off Paulson says won’t stay at Treasury past JanuaryPosted by UK Economy News
In UK financial news
10Aug 08 U.S. Treasury Secretary Henry Paulson said in an interview aired on Sunday he had no interest in staying in his post beyond January when a new administration takes office.
Read full story Comments Off UBS ‘to appoint Swiss Life chairman to board’Posted by UK Economy News
In UK financial news
10Aug 08 Banking giant UBS will appoint the head of insurer Swiss Life to its board in a bid to restore confidence after a year of record losses and legal turmoil, weekly SonntagsZeitung reported Sunday.
Read full story Comments Off Financial regulation shake-up still needed in wake of subprime crisisPosted by UK Economy News
In UK financial news
10Aug 08 The global financial crisis may have sparked calls for markets and governments to be more tightly regulated, but a year after the credit crunch hit reforms are still a long way off, analysts said.
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