Oil hits 7-week low and boosts stocks

July 23, 2008 on 10:48 pm | In Business News | No Comments

HONG KONG (Reuters) - Oil prices fell to a seven-week low below $125 a barrel on Thursday amid a view U.S. energy demand has reached a tipping point, sending investors back into Asian stocks for the fourth consecutive day.

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Oil hits 7-week low and boosts stocks

Retail sales to shrivel in June

July 23, 2008 on 10:44 pm | In Business News | No Comments

LONDON (Reuters) - Analysts had to rub their eyes last month when official figures showed UK retail sales volumes leapt in May at their fastest pace in more than two decades.

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Retail sales to shrivel in June

Oil deepens slide to 7-week low on U.S. demand woes

July 23, 2008 on 10:01 pm | In Business News | No Comments

SINGAPORE (Reuters) - Oil edged down to $124 on Thursday, extending a precipitous pull-back from this month’s record high after U.S. data signalled that economic woes and high prices were putting the brakes on demand in the world’s top consumer.

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Oil deepens slide to 7-week low on U.S. demand woes

U.S. House passes housing rescue bill

July 23, 2008 on 5:29 pm | In Business News | No Comments

WASHINGTON (Reuters) - The U.S. House of Representatives passed a massive housing rescue bill on Wednesday while the White House dropped a threat to veto it, paving the way for measures aimed at shoring up the worst U.S. housing market since the Great Depression.

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U.S. House passes housing rescue bill

Ontario Teachers window-shops Moneysupermarket.com

July 23, 2008 on 5:11 pm | In Business News | No Comments

TORONTO (Reuters) - One of Canada’s largest pension funds said on Wednesday that it made a “preliminary approach” to the majority shareholder of Moneysupermarket.com but that it has no current intention of making an offer for the price-comparison website.

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Ontario Teachers window-shops Moneysupermarket.com

U.S. House approves housing market rescue bill

July 23, 2008 on 5:01 pm | In Business News | No Comments

WASHINGTON (Reuters) - The U.S. House of Representatives on Wednesday approved major housing market rescue legislation that would bolster Fannie Mae and Freddie Mac, set up a new regulator for the two mortgage giants, and create a …

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U.S. House approves housing market rescue bill

Oil slips further amid worries over U.S. demand

July 23, 2008 on 3:03 pm | In Business News | No Comments

NEW YORK (Reuters) - Oil prices fell $4 to a six-week low on Wednesday after a U.S. government report reinforced concerns high prices and economic turmoil were slashing into the nation’s energy demand.

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Oil slips further amid worries over U.S. demand

Vodafone and banks lead FTSE up

July 23, 2008 on 1:36 pm | In Business News | No Comments

LONDON (Reuters) - The main share index gained 1.6 percent on Wednesday as bank shares rose, led by HBOS , while lower U.S. crude prices pulled oil firms down but eased inflation concerns.

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Vodafone and banks lead FTSE up

Boeing profit falls on military and civil delays

July 23, 2008 on 1:31 pm | In Business News | No Comments

NEW YORK (Reuters) - Boeing Co reported a bigger-than-expected 19 percent drop in quarterly profit on Wednesday as it took a charge on a delayed military plane contract and suffered …

Boeing profit falls on military and civil delays

Iberdrola Renovables first-half profit up fourfold

July 23, 2008 on 1:10 pm | In Business News | No Comments

MADRID (Reuters) - The world’s largest onshore wind farm owner, Iberdrola Renovables , posted first-half net profit up more than fourfold on Wednesday thanks to the incorporation of wind energy assets from Scottish Power.

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Iberdrola Renovables first-half profit up fourfold

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