Oil falls but supply fears give support

June 11, 2008 on 11:42 pm | In Business News | No Comments

SINGAPORE (Reuters) - Oil fell almost $1 on Thursday, reversing some gains from the previous session when prices jumped closer to last week’s record high, as a steep drop in inventories in the United States heightened supply concerns.

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Oil falls but supply fears give support

Oil steadies, but global supply fears intensifying

June 11, 2008 on 10:08 pm | In Business News | No Comments

SINGAPORE (Reuters) - Oil steadied on Thursday, after a spike of more than $5 pushed prices closer to last week’s record high, as a steep drawdown in inventories in the United States heightened supply concerns globally.

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Oil steadies, but global supply fears intensifying

Anheuser receives takeover bid

June 11, 2008 on 6:30 pm | In Business News | No Comments

NEW YORK (Reuters) - Anheuser-Busch Cos said on Wednesday that it received a $46.3 billion (23.5 billion pound) takeover bid from Belgium’s InBev in a move to further consolidate the global beer industry.

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Anheuser receives takeover bid

Anheuser gets takeover bid from InBev

June 11, 2008 on 6:23 pm | In Business News | No Comments

NEW YORK (Reuters) - Anheuser-Busch Cos said on Wednesday that it received a $46.3 billion (23.5 billion pound) takeover bid from Belgium’s InBev in a move to further consolidate the global beer industry.

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Anheuser gets takeover bid from InBev

Oil jumps $5 as U.S. stockpiles fall

June 11, 2008 on 3:18 pm | In Business News | No Comments

NEW YORK (Reuters) - Crude oil prices on Wednesday jumped more than $5 to within sight of the record after a report showed stockpiles in the United States fell sharply for the fourth week in a row, intensifying worries of a worsening global crunch.

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Oil jumps $5 as U.S. stockpiles fall

Oil jumps nearly $7 as U.S. stockpiles fall

June 11, 2008 on 1:59 pm | In Business News | No Comments

NEW YORK (Reuters) - Crude oil prices jumped nearly $7 on Wednesday after a government report showed stockpiles in the United States fell sharply for the fourth week in a row due to flagging imports, intensifying worries of a worsening global crunch.

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Oil jumps nearly $7 as U.S. stockpiles fall

Russian partners sue BP as talks collapse

June 11, 2008 on 1:05 pm | In Business News | No Comments

MOSCOW/LONDON (Reuters) - BP’s Russian partners in its troubled Russian joint venture TNK-BP decided on Wednesday to sue the oil company in two cities after it rejected their demands for more boardroom clout.

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Russian partners sue BP as talks collapse

Halifax latest to reprice mortgages

June 11, 2008 on 12:58 pm | In Business News | No Comments

LONDON (Reuters) - Mortgage lender Halifax is poised to re-price its mortgage range amid the ongoing fallout from the credit crunch.

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Halifax latest to reprice mortgages

Prudential to update on surplus assets

June 11, 2008 on 12:44 pm | In Business News | No Comments

LONDON (Reuters) - Life insurer Prudential will update investors by the end of June on plans for an 8.7 billion pound surplus in its life fund, it said on Wednesday.

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Prudential to update on surplus assets

HBOS says rights issue on track

June 11, 2008 on 12:38 pm | In Business News | No Comments

LONDON (Reuters) - HBOS said its 4 billion pound rights issue was going “according to plan” but failed to stop a slump in its shares on Wednesday to below the level at which it plans to sell stock.

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HBOS says rights issue on track

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