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Archive for September 1st, 2008Brazil, Britain want more ‘ambitious’ bilateral trade: ministersPosted by UK Economy News
In UK financial news
1Sep 08 Brazil and Britain are determined to grow their bilateral trade, and are also committed to seeing failed world trade talks revived, ministers from both countries said in Sao Paulo on Monday.
Read full story Brazil starts to tap deepwater oil fieldPosted by UK Economy News
In UK financial news
1Sep 08 Brazil will on Tuesday start to tap a deepwater offshore oil field that could presage how difficult it will be to pump reserves in vast new fields located even farther out to sea.
Read full story Comments Off Eurozone’s Juncker sees no risk of recessionPosted by UK Economy News
In UK financial news
1Sep 08 The chief of eurozone finance ministers said Monday he did not see a risk of recession in the 15-nation bloc after the economies of countries that share the euro contracted in the second quarter.
Read full story Comments Off Venezuela and South Africa to sign energy deal: officialPosted by UK Economy News
In UK financial news
1Sep 08 South Africa will sign an energy agreement with oil-rich Venezuela on Tuesday that could provide alternative energy sources to Africa's powerhouse economy, the government said.
Read full story Comments Off Commerzbank shares drop 10 pct on news of Dresdner takeoverPosted by UK Economy News
In UK financial news
1Sep 08 Shares in Germany's second biggest bank, Commerzbank, fell 10 percent on Monday after it announced a near 10-billion-euro takeover of number three Dresdner Bank.
Read full story Comments Off Oil prices slide below $110 as hurricane weakensPosted by UK Economy News
In UK financial news
1Sep 08 Oil prices dived to four-month lows on Monday, sliding below 110 dollars in London as a weakening Hurricane Gustav reduced the threat of damage to energy facilities in the Gulf of Mexico.
Read full story Comments Off Oil price slides below $110 as hurricane weakensPosted by UK Economy News
In UK financial news
1Sep 08 The price of oil tumbled below 110 dollars on Monday, reaching the lowest level in four months, as a weakening Hurricane Gustav reduced the threat of damage to energy facilities in the Gulf of Mexico.
Read full story Comments Off Chinalco may raise Rio Tinto stakePosted by UK Economy News
In UK financial news
1Sep 08 Chinese aluminium maker Chinalco said on Monday it may increase its minority stake in Anglo-Australian miner Rio Tinto if market conditions are right, but has no timetable for such a move.
Read full story Comments Off Factories gearing down despite oil retreatPosted by UK Economy News
In UK financial news
1Sep 08 European and Chinese factory activity shrank in August, with the euro zone clocking its third straight month of contraction despite input cost relief from the sharp retreat in oil prices.
Read full story Comments Off Commerzbank shares plunge on news of Dresdner takeoverPosted by UK Economy News
In UK financial news
1Sep 08 Shares in Germany's second biggest bank, Commerzbank, fell through the floor Monday after it unveiled a nearly 10-billion-euro takeover of number three Dresdner Bank.
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