Archive for August, 2008
Sunday, August 31st, 2008
LONDON (Reuters) - China need not accelerate the appreciation of its renminbi currency against the US dollar, the Financial Times quoted a senior Chinese economic policy-maker as saying.
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Sunday, August 31st, 2008
HOUSTON (Reuters) - U.S. energy companies shut nearly all offshore oil production and were racing to bring down flood-prone Louisiana refineries on Sunday ahead of Hurricane Gustav's landfall, which could rival the wrath of 2005's Hurricane Katrina.
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Sunday, August 31st, 2008
FRANKFURT (Reuters) - Commerzbank agreed to buy Dresdner Bank from Allianz on Sunday in a $14.5 billion all-German deal that will break the country's banking mould and cost 9,000 jobs.
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Sunday, August 31st, 2008
NEW YORK (Reuters) - Lehman Brothers Holdings Inc. has settled on a structure that will allow it to offload billions of dollars in real-estate loans from its books, according to the on-line edition of the Wall Street Journal.
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Sunday, August 31st, 2008
MILAN (Reuters) - Alitalia's unions will hold talks with the government on Monday on a rescue plan for the airline and on job losses -- which a minister said could be under 5,000 -- after it sought bankruptcy protection on Friday.
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Sunday, August 31st, 2008
BERLIN (Reuters) - Consumer electronic makers are bracing themselves for slower growth in the second half of this year and in 2009, but count on consumers turning to home entertainment amid tougher economic times and tighter budgets.
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Sunday, August 31st, 2008
NEW YORK (Reuters) - Wall Street is set for another
volatile week after the Labor Day holiday, as investors track
Hurricane Gustav, the price of oil, key economic data and
continued fallout from the credit crisis.
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Sunday, August 31st, 2008
Indian tractor-maker focuses on overseas growth
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Sunday, August 31st, 2008
HOUSTON (Reuters) - Exxon Mobil Corp said 28,000 barrels per day in oil production and 180 million cubic feet per day in natural gas output were shut on Sunday due to Hurricane Gustav.
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Sunday, August 31st, 2008
With Hurricane Gustav on course to hit the US Gulf, the damage it does to the region's oil facilities could be a "worse case scenario".
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