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09/08/2008 11:38 PM |
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Algeria says OPEC cut to be discussed, oversupply looming |
Algerian Energy Minister Energy Minister Chakib Khelil said Monday the OPEC oil cartel would discuss a cut in production at a meeting here and that members saw "an oversupply problem" looming.
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09/08/2008 11:03 PM |
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Boeing strike impact to be felt globally |
Aerospace groups braced for global disruption from a potentially lengthy strike at Boeing on Monday as one of the planemaker's biggest suppliers lost no time in cutting production and working hours.
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09/08/2008 10:51 PM |
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Oil companies prepare for Hurricane Ike in US Gulf |
Energy companies are delaying the restart of offshore oil and natural gas production from the Gulf of Mexico in the wake of Hurricane Gustav and preparing for another round of evacuations as a second giant storm threatens to batter the region.
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09/08/2008 10:42 PM |
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Dollar rises to 11-month high against the euro |
The dollar jumped to an 11-month high against the euro Monday in volatile trading on news that the US Treasury was to bail out foundering US mortgage finance giants Fannie Mae and Freddie Mac.
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09/08/2008 10:39 PM |
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EU fraud office probes official at centre of media sting |
The European Anti-Fraud office on Monday launched an enquiry into media allegations that a senior EU official gave market-sensitive information to reporters posing as business lobbyists.
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09/08/2008 09:30 PM |
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Germany's IG Metall recommends up to eight-percent wage hike |
Powerful German trade union IG Metall called Monday for a pay hike of seven to eight percent for the 3.5 million employees in the metalworking, electrical engineering and automaking sectors.
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09/08/2008 09:13 PM |
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Oil prices rebound on eve of OPEC meet |
Oil prices rallied Monday on expectations that the Organization of Petroleum Exporting Countries would begin cutting output as prices hover close to the 100 dollar-a-barrel mark, traders said.
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09/08/2008 08:44 PM |
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ICE investigating outage after trade resumes |
The Intercontinental Exchange said it was investigating the cause of an outage which shut down trade across London commodity markets for more than an hour on Monday.
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09/08/2008 08:27 PM |
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Iran leads calls for OPEC oil cut |
Iran led calls on Monday for OPEC to cut output ahead of a meeting of the oil producer group, with analysts expecting the cartel to begin scaling back production to help support prices.
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09/08/2008 08:24 PM |
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Trichet calls for vigilance on credit risks, welcomes US bailout plan |
Central banks must be on alert for risks from the global credit crisis and the US government bailout of ailing US mortgage giants Fannie Mae and Freddie Mac is welcome in this regard, the Group of 10 said on Monday.
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