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Archive for September 5th, 2008Poland, foreign investors agree to save historic shipyardsPosted by UK Economy News
In UK financial news
5Sep 08 A week before an EU deadline, Poland on Friday signed a "final agreement" with investors to save three Polish shipyards from bankruptcy, the treasury ministry announced.
Read full story Oil prices extend losses on weak economic outlookPosted by UK Economy News
In UK financial news
5Sep 08 Crude oil prices fell further Friday on concerns over slowing energy demand following a dismal report on the US labor market that sparked renewed recession worries.
Read full story Comments Off Oil falls $2 to 5-month lowPosted by UK Economy News
In UK financial news
5Sep 08 Oil prices fell to a fresh five-month low on Friday on flagging demand in the United States and other consumer nations, extending crude's losses to 8 percent this week.
Read full story Comments Off US jobless rate jump sparks fresh recession fearsPosted by UK Economy News
In UK financial news
5Sep 08 US unemployment jumped to a five-year high of 6.1 percent in August as 84,000 jobs were slashed, according to a report Friday that sparked fresh fears about recession in the world's biggest economy.
Read full story Comments Off Bank denies Air France-KLM to take big Alitalia stakePosted by UK Economy News
In UK financial news
5Sep 08 The bank overseeing the relaunch of Italy's ailing national airline Alitalia denied a report Friday that it had offered a 10-20 percent stake to Air France-KLM, the ANSA news agency said.
Read full story Comments Off Nobel laureate threatens lawsuit against telecom operatorPosted by UK Economy News
In UK financial news
5Sep 08 Nobel laureate Muhammad Yunus is threatening legal proceedings against Norwegian telecom operator Telenor to force it to transform their joint Bangladeshi subsidiary into a "social business" aimed at helping the poor.
Read full story Comments Off Libya says oil market is oversuppliedPosted by UK Economy News
In UK financial news
5Sep 08 The oil market is starting to suffer from oversupply, the Libyan National Oil Corporation (NOC) chairman said on Friday, days before a key OPEC meeting on crude output levels.
Read full story Comments Off OECD reports weak economic indicators for G7Posted by UK Economy News
In UK financial news
5Sep 08 Fresh indicators from the Organisation for Economic Cooperation and Development Friday pointed to a weakening of the economic outlook for the G7 group of industrialised countries but a boost for some big emerging economies.
Read full story Comments Off Nokia shares plunge 10 pct after market-share warningPosted by UK Economy News
In UK financial news
5Sep 08 Shares in Nokia, the world's biggest maker of mobile handsets, shed nearly 10 percent of their value on Friday after the Finnish group cut its forecast for its market share in the third quarter.
Read full story Comments Off Japan-led consortium buys power firm: TemasekPosted by UK Economy News
In UK financial news
5Sep 08 A Japanese-led consortium has won the bid for Singapore's largest power generation company being sold by state-linked investment firm Temasek Holdings, Temasek said Friday.
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