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China miner gets gold price boost

BBC News — Sat, 04 Feb 2012 08:19:53 +0000

Chinse mining group Zijin says it expects a 20% jump in profits for 2011 boosted by higher gold prices during the year.(read article…)

EU approves Iran oil imports ban

BBC News — Sat, 04 Feb 2012 08:19:52 +0000

EU foreign ministers formally agree to an oil embargo against Iran, as Western powers reinforce their naval presence in the region.(read article…)

South Sudan in oil pipeline deal

BBC News — Sat, 04 Feb 2012 08:19:51 +0000

South Sudan agrees a deal with Kenya to build an pipeline to Lamu, potentially reducing its dependence on its northern neighbour Sudan to export its oil.(read article…)

IMF warns of Iran oil shock risk

BBC News — Sat, 04 Feb 2012 08:19:50 +0000

The International Monetary Fund warns of a possible 20-30% spike in oil prices if Iranian exports are disrupted.(read article…)

US home prices continue to drop

BBC News — Sat, 04 Feb 2012 08:19:49 +0000

Single-family home prices in the US dropped by 0.7% in November, amid weaker consumer confidence.(read article…)

Hutchison to buy Orange Austria

BBC News — Sat, 04 Feb 2012 08:19:47 +0000

Hong Kong’s Hutchison 3G agrees to buy Orange Austria in a bid to expand it presence and boost market share in the country.(read article…)

BT cuts costs to increase profits

BBC News — Sat, 04 Feb 2012 08:19:46 +0000

Telecoms group BT reports a sharp rise in profits, thanks largely to a jump in the number of broadband users.(read article…)

Interest rate ‘collusion’ probe

BBC News — Sat, 04 Feb 2012 08:19:45 +0000

Swiss authorities investigate 12 US, European and Japanese banks over claims they have been fixing their interbank lending rates.(read article…)

Service sector sees strong growth

BBC News — Sat, 04 Feb 2012 08:19:44 +0000

The UK’s service sector grew at its fastest rate since March 2011 in January, according to a closely watched survey.(read article…)

Uganda signs oil production deal

BBC News — Sat, 04 Feb 2012 08:19:44 +0000

Oil production is set to start in Uganda after a deal is signed between the government and London-based Tullow oil, which also draws in Chinese and French firms.(read article…)

Megaupload bail appeal rejected

BBC News — Sat, 04 Feb 2012 08:19:43 +0000

Kim Dotcom’s bail appeal is rejected by a New Zealand Court, as US campaigners hint at legal action to prevent files being deleted.(read article…)

Panasonic predicts a record loss

BBC News — Sat, 04 Feb 2012 08:19:42 +0000

Japanese electronics giant Panasonic forecasts a record net annual loss of $10bn for the year to March.(read article…)

Motorola makes Apple pull devices

BBC News — Sat, 04 Feb 2012 08:19:41 +0000

Motorola forces some 3G iPhones and iPads to be pulled from Apple’s German online store after enforcing a patent injunction.(read article…)

Eurozone service sector growing

BBC News — Sat, 04 Feb 2012 08:19:40 +0000

The eurozone’s service sector grows for the first time in four months, although Spain and Italy continue to struggle.(read article…)

Oil spurs Canadian PM China visit

BBC News — Sat, 04 Feb 2012 08:19:39 +0000

Canadian Prime Minister Stephen Harper will visit China next week to discuss the future of Canada’s oil products.(read article…)

Apple overturns Motorola’s ban

BBC News — Sat, 04 Feb 2012 08:19:38 +0000

Apple is granted a suspension of a sales ban imposed on some of its iPads and iPhones in Germany.(read article…)

Hungarian airline Malev collapses

BBC News — Sat, 04 Feb 2012 08:19:37 +0000

Hungarian airline Malev ceases trading after 66 years after being ordered by the EU to repay state aid it has received.(read article…)

Europe hit by Russia gas shortage

BBC News — Sat, 04 Feb 2012 08:19:36 +0000

Freezing weather sweeping across Europe is causing a shortage of vital Russian gas supplies to several countries, officials say.(read article…)

New Virgin staff pay for checks

BBC News — Sat, 04 Feb 2012 08:19:35 +0000

Virgin Atlantic is forcing successful job applicants to pay for their own criminal record checks, Radio 4′s Money Box reveals.(read article…)

US job numbers show strong growth

BBC News — Sat, 04 Feb 2012 08:19:34 +0000

The US economy created 243,000 jobs in January, while the unemployment rate fell to 8.3%, official figures show.(read article…)

Czechs and UK refuse EU agreement

BBC News — Fri, 03 Feb 2012 01:34:49 +0000

Twenty-five of the 27 EU states agree to sign a fiscal pact for stricter rules to try to prevent future debt crises, with the UK and Czech Republic refusing.(read article…)

Facebook ‘prepares to go public’

BBC News — Fri, 03 Feb 2012 01:34:48 +0000

Facebook will begin the process of becoming a publicly-listed company this week, valuing the social networking site at between $75bn and $100bn, reports suggest.(read article…)

Cold front ad for Mini backfires

BBC News — Fri, 03 Feb 2012 01:34:47 +0000

An advertising agency for BMW pays to name Europe’s cold weather “Cooper” in Germany, after the firm’s Mini Cooper car, but the stunt backfires.(read article…)

China box office tipped to surge

BBC News — Fri, 03 Feb 2012 01:34:47 +0000

China’s box office takings surged 29% to $2.1bn in 2011 and are forecast to rise by around 20% this year, new figures show.(read article…)

Pakistan gets trade waiver for EU

BBC News — Fri, 03 Feb 2012 01:34:46 +0000

Pakistan’s efforts to revive its exports have received a boost after some of its goods were given duty free access to the EU.(read article…)

Japan carmakers see US sales jump

BBC News — Fri, 03 Feb 2012 01:34:44 +0000

Japanese carmakers report a jump in their US sales in January boosted by new models and the restoration of supply chains.(read article…)

China ‘considering’ eurozone help

BBC News — Fri, 03 Feb 2012 01:34:43 +0000

Premier Wen Jiabao says Beijing is “considering” contributing to European rescue funds, during a visit by German Chancellor Angela Merkel.(read article…)

American Airlines cut 13,000 jobs

BBC News — Fri, 03 Feb 2012 01:34:43 +0000

The loss-making parent company of American Airlines says it will shed 13,000 jobs – around 15% of its workforce.(read article…)

Debt crisis hits Deutsche profits

BBC News — Fri, 03 Feb 2012 01:34:42 +0000

Deutsche Bank reports a sharp fall in profits as the eurozone debt crisis takes its toll on the company’s investment banking division.(read article…)

More Galileo satellites ordered

BBC News — Fri, 03 Feb 2012 01:34:41 +0000

The German-UK consortium building the operational spacecraft for Europe’s Galileo sat-nav system wins a contract to provide an additional eight units.(read article…)