Oil recovers from 3-month low

August 6, 2008 on 11:19 pm | In Business News | No Comments

SINGAPORE (Reuters) - Oil rose on Thursday after dipping to three-month lows on fears over slowing U.S. demand, as the market’s focus returned to supply concerns in Turkey, Nigeria and Iran.

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Oil recovers from 3-month low

Asia stocks down as growth fears nag

August 6, 2008 on 10:48 pm | In Business News | No Comments

HONG KONG (Reuters) - Asian stocks fell and government bonds rose on Thursday, as a sustained decline in oil prices could not shake a sense of gloom among investors about financial sector instability and the global growth outlook.

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Asia stocks down as growth fears nag

StanChart shares up after results

August 6, 2008 on 10:44 pm | In Business News | No Comments

HONG KONG (Reuters) - Shares in Standard Chartered rose 4.4 percent on Thursday after the bank reported forecast-beating first-half earnings as its growth in Asia continued to outpace that in western economies.

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StanChart shares up after results

High oil prices spur demand for low energy electronics

August 6, 2008 on 8:46 pm | In Business News | No Comments

SEOUL (Reuters) - These days when customers walk into electronics stores, the first question they ask is how much electricity the fridge, washing machine or laptop computer they are contemplating buying consumes.

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High oil prices spur demand for low energy electronics

Brazil miner Vale has record second-quarter profit

August 6, 2008 on 7:15 pm | In Business News | No Comments

RIO DE JANEIRO (Reuters) - Brazil’s Vale, one of the world’s top three miners, posted a record net profit of $5.009 billion (2.5 billion pounds) in the second quarter, up 22.3 percent from a year ago, helped by a hefty price hike for …

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Brazil miner Vale has record second-quarter profit

Pentagon reopens tanker contest

August 6, 2008 on 6:53 pm | In Business News | No Comments

WASHINGTON (Reuters) - The Pentagon reopened a $35 billion (18 billion pounds) refuelling aircraft competition between Boeing and Northrop Grumman on Wednesday, with changes that Boeing supporters feared would favour the larger Northrop plane.

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Pentagon reopens tanker contest

Insurer Allianz abandons profit goal

August 6, 2008 on 6:53 pm | In Business News | No Comments

FRANKFURT (Reuters) - Europe’s biggest insurer Allianz abandoned its profit targets and said on Wednesday new guidance was impossible …

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Insurer Allianz abandons profit goal

Allianz abandons profit goal as Dresdner slumps

August 6, 2008 on 6:23 pm | In Business News | No Comments

FRANKFURT (Reuters) - Allianz beat expectations with a 29 percent fall in net profit to 1.524 billion euros (1.2 billion pounds) in the second quarter, despite losses at Dresdner Bank, but said it was abandoning its 2009 profit goal in face of difficult markets.

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Allianz abandons profit goal as Dresdner slumps

Collins Stewart gets bid approach, shares surge

August 6, 2008 on 6:21 pm | In Business News | No Comments

LONDON (Reuters) - Broking and investment banking firm Collins Stewart said on Wednesday it had received a takeover approach from a party that it did not identify, pushing its shares up 31.2 percent.

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Collins Stewart gets bid approach, shares surge

Pentagon revives tanker contest

August 6, 2008 on 4:23 pm | In Business News | No Comments

WASHINGTON (Reuters) - The Pentagon on Wednesday reopened a $35 billion (18 billion pounds) refuelling aircraft competition between Boeing and Northrop Grumman, with sources saying aerial refuelling was viewed as more important than survivability, airlift and operational utility.

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Pentagon revives tanker contest

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