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- Business News (rss) (8415)
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Oil gains as Gustav shuts U.S. output
August 31, 2008 on 11:16 pm | In Business News | No CommentsPERTH (Reuters) - Oil prices rose more than $1 on Monday after energy firms in the U.S. Gulf shut down nearly all offshore oil output and a host of flood-prone coastal refineries ahead of Hurricane Gustav, the biggest threat since 2005’s devastating Katrina.
Gold steady after piggybacking on oil gains
August 31, 2008 on 11:10 pm | In Business News | No CommentsSINGAPORE (Reuters) - Gold was trading largely unchanged on Monday, after gaining $5 early in the day on the back of oil-led gains ahead of Hurricane Gustav, but volumes will likely remain low because of a U.S. holiday.
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Gold steady after piggybacking on oil gains
Lehman in talks with KDB to raise billions
August 31, 2008 on 9:19 pm | In Business News | No CommentsSEOUL (Reuters) - Lehman Brothers Holdings has “intensified” talks with Korea Development Bank (KDB) to raise as much as $6 billion (3.33 billion pounds) in a share sale that could be concluded this week, the Sunday Telegraph reported.
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Lehman in talks with KDB to raise billions
Oil tops $117 as hurricane shuts U.S. Gulf production
August 31, 2008 on 8:49 pm | In Business News | No CommentsPERTH (Reuters) - Oil rose nearly $2 to over $117 on Monday as U.S. energy companies raced to shut down offshore oil production and flood-prone refineries in the Gulf Coast ahead of Hurricane Gustav, which is evoking memories of 2005’s devastating Hurricane Katrina.
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Oil tops $117 as hurricane shuts U.S. Gulf production
Sterling slides on worries about economy
August 31, 2008 on 8:43 pm | In Business News | No CommentsTOKYO (Reuters) - Sterling fell versus the dollar to its lowest level in more than two years and slid to a …
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Sterling slides on worries about economy
Gold bounces on oil-led buying
August 31, 2008 on 8:40 pm | In Business News | No CommentsSINGAPORE (Reuters) - Gold advanced on Monday, tracking a gain of more than $1 in crude oil as Hurricane Gustav took aim at a swath of U.S. oilfields and refineries in the Gulf of Mexico.
Commerzbank to buy Dresdner and axe 9,000 jobs
August 31, 2008 on 5:38 pm | In Business News | No CommentsFRANKFURT (Reuters) - Commerzbank agreed to buy Dresdner Bank from Allianz on Sunday in a $14.5 billion (8 billion pounds) all-German deal that will break the country’s banking mould and cost 9,000 jobs.
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Commerzbank to buy Dresdner and axe 9,000 jobs
Commerzbank to buy Dresdner
August 31, 2008 on 4:39 pm | In Business News | No CommentsFRANKFURT (Reuters) - Commerzbank agreed to buy Dresdner Bank from Allianz on Sunday in a $14.5 billion all-German deal that will break the country’s banking mould and cost 9,000 jobs.
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Commerzbank to buy Dresdner
Commerzbank to buy Dresdner in $15 bln deal
August 31, 2008 on 3:00 pm | In Business News | No CommentsFRANKFURT (Reuters) - Commerzbank agreed to buy Dresdner Bank from Allianz on Sunday in an all-German, cost-saving deal that values Dresdner at $15 billion (8.2 billion pounds) and breaks the country’s rigid banking mould.
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Commerzbank to buy Dresdner in $15 bln deal
Allianz and Commerzbank poised for Dresdner deal
August 31, 2008 on 11:39 am | In Business News | No CommentsFRANKFURT (Reuters) - Management at Allianz SE and Commerzbank AG sought approval from their supervisory boards on Sunday to sell control of the insurer’s Dresdner Bank to Commerzbank.
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