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Source : BBC News
SocGen hit by rogue trader fineFrench bank Societe Generale is fined 4m euros for allowing one of its staff members to operate as a rogue trader. EU probe into BHP targeting RioThe EU opens an in-depth probe into BHP Billiton's $170bn unsolicited bid for rival miner Rio Tinto. Iran optimism steadies oil priceThe price of oil falls slightly
on hopes Iran will react well to plans to resolve a dispute over its nuclear development. Baugur investigates switch to UKHamleys owner - Icelandic investment group Baugur - says it is examining ways to relocate to the UK. Air France eyes move to railwaysAir France confirms it is in talks with French group Veolia about launching a high-speed rail service. Fresh record for Indian inflationIndian inflation reaches its latest record high as food, fuel, cement and steel prices continue to rise. Australia's Origin scorns BG bidAustralia's Origin urges shareholders to reject a 13.8bn Australian dollar takeover bid from UK rival BG Group. Former Austrian bank boss jailedThe former head of one of Austria's biggest banks, Bawag, is convicted of fraud charges by a court in Vienna. Court rules that Pringles 'are not potato crisps'Pringles, the popular snack food in a tube, are not potato crisps, a High Court judge rules, and should be free of VAT. Guidelines for financial journalists Russia riskHas the row over TNK-BP spooked investors? Piper AlphaRecalling the world's worst offshore oil disaster Stocks tumbleHigh oil prices fail to bolster global shares Free-for-allKenyans suffer as foreign trawlers grab their fish Paper trailNigeria makes progress on getting back stolen cash Oil compromiseIraq's challenge of reviving its oil industry Protests ahead of Japan G8 summitProtests begin on the northern Japanese island of Hokkaido ahead of Monday's summit of the G8 nations. Eurozone rates increase to 4.25%Interest rates in eurozone countries increase for the first time in 12 months in a bid to combat inflation. UK investors rescue B&B cash callBradford & Bingley confirms that its plan to raise £400m has been rescued by a group of UK investors. BBC Worldwide shuts phone-in firmBBC Worldwide is to close a subsidiary firm after it failed to pay £106,000 from premium rate phone-ins to charity. Vodafone in Ghanaian mobile dealMobile provider Vodafone is to expand its presence in Africa by buying a majority stake in Ghana Telecom for £452m. No paper for Zimbabwe moneyA German company which helps Zimbabwe supply its money becomes the latest firm to end its business links. US loses 62,000 jobs during JuneUS firms cut jobs for a sixth month in June, stoking fears the world's largest economy is heading for a recession. Paulson admits regulatory errorsThe system for regulating US banks should have performed better, US Treasury Secretary Hank Paulson admits. Recession in Asia is 'unlikely'Growth in Asia may slow this year, but a recession is unlikely, the head of the Asian Development Bank says. BHP almost doubles Chinese pricesMining giant BHP Billiton secures an deal to almost double prices for Chinese steelmaker Baosteel. Tax credit to boost UBS resultsSwiss bank UBS says it expects to report a small loss at worst for the second quarter after receiving a tax credit. Fifa to pay in ex-media firm caseFootball governing body Fifa told to pay £57,000 costs after a trial into the collapse its ex-media partner ISL. Opec head sees new oil price riseThe president of oil producers' cartel Opec tells the BBC crude oil prices could rise still further this week. Watchdog cuts oil supply forecastWorld oil supplies will grow more slowly than previously thought over the next five years, warns the International Energy Agency. India truckers strike over fuelNearly four million trucks go off India's roads after their owners begin an indefinite strike to protest against rising fuel bills. South Asians face fuel price riseBangladesh and Pakistan announce further sharp rises in fuel prices as the cost of crude oil continues to soar.
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