Gold slips from 4-month high

July 15, 2008 on 11:18 pm | In Business News | No Comments

SINGAPORE (Reuters) - Gold dropped on Wednesday as speculators booked profits after the metal rose to a four-month high the previous day, while platinum …

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Gold slips from 4-month high

GM to cut jobs to survive

July 15, 2008 on 11:16 pm | In Business News | No Comments

DETROIT (Reuters) - General Motors Corp on Tuesday announced a plan to cut costs by $10 billion (5 billion pounds), suspend its common stock dividend and sell up to $4 billion in assets in a bid to shore up cash and survive a deep industry slump.

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GM to cut jobs to survive

Oil steady under $139

July 15, 2008 on 11:13 pm | In Business News | No Comments

SINGAPORE (Reuters) - Oil was steady on Wednesday, after falling more than $6 in the previous session, the steepest slide in dollar terms in 17 years as demand fears swelled on the worsening prospects of the U.S. economy.

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Oil steady under $139

Asia stocks slip on global growth fears

July 15, 2008 on 10:39 pm | In Business News | No Comments

HONG KONG (Reuters) - Asian stocks slipped on Wednesday as investors grew more pessimistic about global growth prospects, knocking oil below $140 a barrel.

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Asia stocks slip on global growth fears

Regulator seeks clearer green energy tariffs

July 15, 2008 on 7:23 pm | In Business News | No Comments

LONDON (Reuters) - Britain’s energy suppliers must stop labelling any electricity tariffs “green” unless they commit to spending more of their own money on environmental projects, according to new guidelines from UK energy regulator Ofgem.

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Regulator seeks clearer green energy tariffs

Financial worries slam global stocks

July 15, 2008 on 5:07 pm | In Business News | No Comments

NEW YORK (Reuters) - Global stocks fell sharply on Tuesday, knocked lower by growing fears over the outlook for banks, but a big drop in oil prices eased the slide in equity markets and slowed the flight to the safe-havens of gold and government debt.

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Financial worries slam global stocks

Oil plunges $6 on mounting U.S. economic concern

July 15, 2008 on 4:21 pm | In Business News | No Comments

NEW YORK (Reuters) - Oil dropped more than $6 on Tuesday, the largest drop in dollar terms in 17 years, as growing concern about the economic health of top energy consumer the United States stirred demand worries.

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Oil plunges $6 on mounting U.S. economic concern

Two steps forward, one back in TNK-BP legal battle

July 15, 2008 on 1:52 pm | In Business News | No Comments

MOSCOW (Reuters) - BP’s embattled Russian oil venture, TNK-BP, said on Tuesday it had won the latest round of a court battle in Siberia over its use of specialist secondees and had got work permits for 48 of its foreign staff.

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Two steps forward, one back in TNK-BP legal battle

Orders slow as Boeing says problem with 787 brakes

July 15, 2008 on 1:18 pm | In Business News | No Comments

FARNBOROUGH (Reuters) - Orders slowed to a trickle and Boeing announced a problem with the software on the brakes of its yet-to-fly 787 Dreamliner, adding to a sombre mood on the second morning of the Farnborough Airshow.

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Orders slow as Boeing says problem with 787 brakes

FTSE falls 2.4 pct on Bernanke comments

July 15, 2008 on 12:59 pm | In Business News | No Comments

LONDON (Reuters) - The FTSE 100 fell over 2 percent to its lowest close since October 2005 on Tuesday, with the broader market hit by worries over economic growth while a slide in crude weighed on heavyweight oils.

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FTSE falls 2.4 pct on Bernanke comments

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