Investing News

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Investors get much of oil firms' cash windfall Friday, 9 May 2008

LONDON (Reuters) - The five largest fully publicly traded oil firms are spending more on finding and producing oil, but the industry is still handing back much of its windfall from record oil prices to investors.  Full Article

 
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Russia foreign investors unfazed by rows with West Friday, 9 May 2008 

LONDON (Reuters) - With oil at more than $125 per barrel and growth booming, foreign investors in Russia are finding it easy to turn a blind eye to disputes with the West and increasingly bellicose rhetoric over Georgia.  Full Article 

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Carphone to focus on broadband after Best Buy deal Friday, 9 May 2008 

LONDON (Reuters) - The move by Carphone Warehouse to fold its retail unit into a new company with U.S. firm Best Buy will allow it to focus on broadband and become the largest provider in Britain if it buys the UK arm of Tiscali.  Full Article 

 
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Repossession orders surge Friday, 9 May 2008 

LONDON (Reuters) - More people in England and Wales are just one step away from losing their homes than at any time since the early 1990s as the credit crunch bites, figures showed on Friday, and experts say things can only get worse.  Full Article 

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Currency
US $ inGBP =0.5130
Euro inGBP =0.7910
¥en inGBP =0.0050
Symbol Bid Ask
BRENT CRUDE $124.76 $124.79
MINI GOLD $885.30 $885.70
MINI SILVER $16.81 $16.82