Commodity barons buying up sports clubs

July 16, 2008 on 10:33 pm | In Business News | No Comments

LONDON (Reuters) - You’re a billionaire with a fortune built on soaring commodity prices and can buy anything your heart desires. So what’s it to be?

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Commodity barons buying up sports clubs

Report calls for Equitable apology

July 16, 2008 on 10:30 pm | In Business News | No Comments

LONDON (Reuters) - The government should apologise to more than a million policyholders in Equitable Life and offer them compensation, a long-awaited report by the parliamentary ombudsman said on Thursday, almost a decade after the insurer’s near-demise.

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Report calls for Equitable apology

Sports clubs are the new must-have for commodity barons

July 16, 2008 on 10:12 pm | In Business News | No Comments

LONDON (Reuters) - You’re a billionaire with a fortune built on soaring commodity prices and can buy anything your heart desires. So what’s it to be?

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Sports clubs are the new must-have for commodity barons

Fannie and Freddie shares leap amid financial rally

July 16, 2008 on 10:02 pm | In Business News | No Comments

NEW YORK (Reuters) - Fannie Mae and Freddie Mac shares had their best day in more than two decades on Wednesday after Wells Fargo’s strong earnings spread relief across Wall Street, even as a plan to prop up the two mortgage finance titans met resistance from congressional Republicans.

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Fannie and Freddie shares leap amid financial rally

Asia stocks rally on hopes for financials

July 16, 2008 on 9:29 pm | In Business News | No Comments

HONG KONG (Reuters) - Asian stocks rallied on Thursday, propelled by the biggest surge in U.S. bank shares in 16 years and a sharp drop in oil prices, easing the worst fears about the global credit crisis spiralling out of control.

Asia stocks rally on hopes for financials

Report calls for Equitable compensation and apology

July 16, 2008 on 7:37 pm | In Business News | No Comments

LONDON (Reuters) - The government should apologise to more than a million policyholders in Equitable Life and offer them compensation, a long-awaited report by the parliamentary ombudsman said on Thursday, almost a decade after the insurer’s near-demise.

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Report calls for Equitable compensation and apology

French bank Natixis to raise 3.7 billion euros in capital

July 16, 2008 on 7:01 pm | In Business News | No Comments

PARIS (Reuters) - Natixis , France’s fourth-biggest listed bank, said on Wednesday it was launching a 3.7 billion euro (2.9 billion pound) capital increase due to the credit crisis that has battered banks around the world.

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French bank Natixis to raise 3.7 billion euros in capital

Stocks rally on fall in oil prices

July 16, 2008 on 5:10 pm | In Business News | No Comments

NEW YORK (Reuters) - U.S. stocks jumped more than 2 percent on Wednesday after strong results at Wells Fargo fuelled a powerful rally in the battered banking sector and an unexpected leap in U.S. crude supplies led oil prices to …

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Stocks rally on fall in oil prices

U.S. judge mulls challenge to BP refinery blast plea

July 16, 2008 on 5:02 pm | In Business News | No Comments

HOUSTON (Reuters) - A U.S. judge said on Wednesday she will consider a victims’ challenge to a proposed $50 million (25 million pound) fine and other elements of BP’s plea agreement to resolve criminal liability in a deadly 2005 blast that killed 15 people at a Texas refinery.

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U.S. judge mulls challenge to BP refinery blast plea

Fuel tax hike delayed

July 16, 2008 on 3:35 pm | In Business News | No Comments

LONDON (Reuters) - The government postponed on Wednesday a rise in fuel duty planned for October for at least another six months because of soaring world oil prices and in a bid to keep the headline rate of inflation down.

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Fuel tax hike delayed

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