Xstrata said planning bid for Lonmin

August 5, 2008 on 11:40 pm | In Business News | No Comments

SINGAPORE/NEW YORK (Reuters) - Swiss mining group Xstrata is planning an unsolicited takeover bid for platinum producer Lonmin, in a deal likely worth about $9 billion …

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Xstrata said planning bid for Lonmin

Permanent job placements fall fastest since 2001

August 5, 2008 on 11:32 pm | In Business News | No Comments

LONDON (Reuters) - The number of people placed in permanent jobs fell last month at its fastest rate since the aftermath of the 9/11 attacks …

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Permanent job placements fall fastest since 2001

Oil at 3-month low on weak U.S. economic outlook

August 5, 2008 on 11:22 pm | In Business News | No Comments

SINGAPORE (Reuters) - Oil fell to a 3-month low on Wednesday, as lingering concerns of a weak U.S. economy continued to weigh on demand, but conflicts in Nigeria and Iran’s nuclear dispute could counter the bearish effects.

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Oil at 3-month low on weak U.S. economic outlook

Asia stocks rally and oil extends slide

August 5, 2008 on 11:10 pm | In Business News | No Comments

HONG KONG (Reuters) - Asian shares rallied on Wednesday, ending a three-session losing streak, led by exporters on expectations the U.S. …

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Asia stocks rally and oil extends slide

Anglo completes MMX deal in Brazil

August 5, 2008 on 10:17 pm | In Business News | No Comments

RIO DE JANEIRO (Reuters) - Miner Anglo American concluded its purchase of Brazilian iron ore firm IronX from billionaire Eike Batista for about 5.5 billion reais (1.78 billion pounds) on Tuesday, both companies said in a statement.

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Anglo completes MMX deal in Brazil

Permanent job placement fall fastest since 2001

August 5, 2008 on 7:14 pm | In Business News | No Comments

LONDON (Reuters) - The number of people placed in permanent jobs fell last month at its fastest rate since the aftermath of the 9/11 attacks in 2001, a report showed on Wednesday, in a sign the economic slowdown is biting hard.

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Permanent job placement fall fastest since 2001

Consumer mood crumbles in July

August 5, 2008 on 7:10 pm | In Business News | No Comments

LONDON (Reuters) - Consumer sentiment dived to a record low in July, a survey showed on Wednesday, as fears grew about the risks of a recession and rising living costs.

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Consumer mood crumbles in July

U.S. Fed signals no rush to raise rates

August 5, 2008 on 6:49 pm | In Business News | No Comments

WASHINGTON (Reuters) - The Federal Reserve held U.S. interest rates steady on Tuesday, expressing concerns about both economic growth and inflation and indicating it is in no rush to push borrowing costs higher.

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U.S. Fed signals no rush to raise rates

New Yahoo election tally reveals big protest vote

August 5, 2008 on 5:32 pm | In Business News | No Comments

SAN FRANCISCO (Reuters) - Yahoo said on Tuesday that a revised count of votes in the election of its board of directors has revealed a strong protest vote against four of its nine directors, including chief executive Jerry Yang.

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New Yahoo election tally reveals big protest vote

News Corp 4th-qtr profit rises on asset sales

August 5, 2008 on 4:11 pm | In Business News | No Comments

NEW YORK (Reuters) - Rupert Murdoch’s News Corp reported on Tuesday that its fourth quarter net profit rose 27 percent from the sale of its interests in Fox Sports Bay …

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News Corp 4th-qtr profit rises on asset sales

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