OPEC to earn $1.251 trillion from oil exports

July 8, 2008 on 5:33 pm | In Business News | No Comments

WASHINGTON (Reuters) - OPEC’s earnings from oil exports are expected to reach a record $1.251 trillion this year, about $73 billion (37 billion pounds) more than previously estimated, the U.S. government’s top energy forecasting agency said on Tuesday.

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OPEC to earn $1.251 trillion from oil exports

Dollar rises on Bernanke comments

July 8, 2008 on 5:07 pm | In Business News | No Comments

NEW YORK (Reuters) - The dollar rose on Tuesday as the Federal Reserve’s willingness to keep its emergency lending facility open into 2009 for some Wall Street firms calmed fresh credit concerns and encouraged investors to snap up U.S. stocks.

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Dollar rises on Bernanke comments

Anheuser-Busch sues InBev over takeover attempt

July 8, 2008 on 3:13 pm | In Business News | No Comments

NEW YORK (Reuters) - Anheuser-Busch sued InBev in an effort to stop its Belgian-Brazilian suitor from taking any more steps to replace the U.S. brewer’s board of directors, which had rejected a $46.3 billion (23.5 billion pound) takeover offer from InBev.

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Anheuser-Busch sues InBev over takeover attempt

InBev sets in motion bid to oust Anheuser board

July 8, 2008 on 2:35 pm | In Business News | No Comments

BRUSSELS (Reuters) - InBev set in motion its plan to oust the board of reluctant bid target Anheuser-Busch on Tuesday by sending a letter to the U.S. rival it has offered to buy for $46.3 billion (23.5 billion pounds).

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InBev sets in motion bid to oust Anheuser board

Miners and banks drag down FTSE

July 8, 2008 on 12:09 pm | In Business News | No Comments

LONDON (Reuters) - The top share index closed 1.3 percent lower on Tuesday, driven down by sharp falls in heavyweight commodity stocks that tracked crude and metal prices lower, while banks continued to struggle.

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Miners and banks drag down FTSE

Bank fixed on inflation amid recession talk

July 8, 2008 on 10:27 am | In Business News | No Comments

LONDON (Reuters) - Businesses delivered fresh evidence on Tuesday that the economy risks sliding into its first recession since the early 1990s, reporting a sharply deteriorating climate across the country.

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Bank fixed on inflation amid recession talk

Banks set to take stake in troubled B&B

July 8, 2008 on 10:01 am | In Business News | No Comments

LONDON (Reuters) - Britain’s largest banks could be left with over a quarter of Bradford & Bingley , sources familiar with the matter said on Tuesday, as the troubled bank’s shares fell further below the price of a planned rights issue.

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Banks set to take stake in troubled B&B

Banks set to take stake in troubled B&B

July 8, 2008 on 10:01 am | In Business News | No Comments

LONDON (Reuters) - Britain’s largest banks could be left with over a quarter of Bradford & Bingley , sources familiar with the matter said on Tuesday, as the troubled bank’s shares fell further below the price of a planned rights issue.

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Banks set to take stake in troubled B&B

Banks set to take stake in troubled B&B

July 8, 2008 on 10:01 am | In Business News | No Comments

LONDON (Reuters) - Britain’s largest banks could be left with over a quarter of Bradford & Bingley , sources familiar with the matter said on Tuesday, as the troubled bank’s shares fell further below the price of a planned rights issue.

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Banks set to take stake in troubled B&B

Banks set to take stake in troubled B&B

July 8, 2008 on 10:01 am | In Business News | No Comments

LONDON (Reuters) - Britain’s largest banks could be left with over a quarter of Bradford & Bingley , sources familiar with the matter said on Tuesday, as the troubled bank’s shares fell further below the price of a planned rights issue.

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Banks set to take stake in troubled B&B

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