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Severn Trent rejects $7.2bn Kuwait bid offerUK water company Severn Trent has rejected a takeover offer valued at around 4.7 billion euros ($7.2 billion) from a consortium including the Kuwait Investment Office (KIO) setting the scene for an extended battle for control of the company. More… |
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Royal Bank of Scotland to cut 1,400 jobs in UKRoyal Bank of Scotland will cut 1,400 jobs over the next two years in a restructuring of its retail head office in Britain, the part-nationalised bank said on Thursday. In a statement, the chief executive of RBS's UK retail bu More… |
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Nokia launches all-new Lumia 925Finland-based Nokia Corporation has introduced the Nokia Lumia 925, a new interpretation of its award-winning flagship, the Lumia 920. The new smartphone introduces a metal design and showcases the latest PureView camera innovatio More… |
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VisitBritain kicks off travel trade eventVisitBritain, the national tourism agency, responsible for marketing Britain worldwide, kicked off its flagship international travel trade event, Destination Britain 2013, in Bangkok today (May 14). Celebrating its 10th year, the More… |
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Libor likely to be replaced by dual-track systemA dual-track system, including survey-based lending rates along with transaction-linked indices, is likely to replace scandal-hit London interbank lending rate Libor as soon as next year, the Financial Times reported on its website on Sunday. More… |
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Iran routes oil via Indonesia to keep up exportsIran is using an Indonesian port in a strategy to keep up sales to buyers in Asia in the teeth of Western sanctions, according to shipping data and industry sources. Two Iranian very large crude carriers (VLCCs) able to hold 2 mil More… |
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Taqa appoints key officials for UK, IraqTaqa, the global energy company based in Abu Dhabi, has appointed Pete Jones to the position of managing director for Taqa’s UK oil and gas business and Leo Koot as the managing director of the company in Iraq. Jones will be More… |
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VisitBritain seals $3m Emirates dealVisitBritain, the UK's national tourism agency, has signed a GBP2 million ($3.1 million) partnership deal with Dubai national carrier Emirates Airlines as part of its new tourism strategy to attract an extra 9 More… |
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Oil below $104; concerns outweigh China dataOil slipped below $104 a barrel on Wednesday as a rise in crude imports by China and a surprise jump in German industrial output could not shake off persistent concerns about global demand. China's daily crude imports in April More… |
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New bird flu poses ‘serious threat’A new strain of bird flu that is causing a deadly outbreak among people in China is a threat to world health and should be taken seriously, scientists said on Wednesday. The H7N9 strain has killed 24 people and infected more than More… |
