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<title><![CDATA[Yahoo! Finance : AFP News - Yahoo! Finance UK]]></title>
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<description><![CDATA[AFP News - Yahoo! Finance UK]]></description>
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<lastBuildDate>Thu, 15 May 2008 18:30:20 GMT</lastBuildDate>
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<title><![CDATA[Oil price approach record high in volatile trade]]></title>
<description><![CDATA[AFP Journal Internet - Oil prices flirted with record levels close to 127 dollars per barrel in volatile trade on Thursday amid widespread fears over stretched global energy supplies, traders said.]]></description>
<link>http://uk.biz.yahoo.com/15052008/323/oil-price-approach-record-high-volatile-trade.html</link>
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<pubDate>Thu, 15 May 2008 18:30:20 GMT</pubDate>
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<title><![CDATA[Malaysian minister steps into airline price war]]></title>
<description><![CDATA[AFP Journal Internet - Malaysia's transport minister said Thursday he would try to resolve a cut-throat fare war between the national carrier and budget airline AirAsia, whose founder has complained of unfair competition.]]></description>
<link>http://uk.biz.yahoo.com/15052008/323/malaysian-minister-steps-airline-price-war.html</link>
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<pubDate>Thu, 15 May 2008 18:29:12 GMT</pubDate>
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<title><![CDATA[Union reaches tentative deals with GM, Chrysler]]></title>
<description><![CDATA[AFP Journal Internet - The Canadian Auto Workers union (CAW) has reached new tentative labor agreements with General Motors and Chrysler, the union said Thursday.]]></description>
<link>http://uk.biz.yahoo.com/15052008/323/union-reaches-tentative-deals-gm-chrysler.html</link>
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<pubDate>Thu, 15 May 2008 17:39:34 GMT</pubDate>
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<title><![CDATA[Eurozone growth a silver lining but clouds remain, warn analysts]]></title>
<description><![CDATA[AFP Journal Internet - The eurozone economy burst out of the doldrums in the first quarter thanks to an astonishing boom in Germany, official figures showed Thursday, but analysts and officials warned storm clouds still hovered.]]></description>
<link>http://uk.biz.yahoo.com/15052008/323/eurozone-growth-silver-lining-clouds-remain-warn-analysts.html</link>
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<pubDate>Thu, 15 May 2008 17:37:22 GMT</pubDate>
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<title><![CDATA[French banks hit again by subprime losses, tighten belts]]></title>
<description><![CDATA[AFP Journal Internet - French banks Credit Agricole and Natixis reported more heavy losses on Thursday as financial market turmoil mauled their business, forcing them to cut costs and raise cash to repair the damage.]]></description>
<link>http://uk.biz.yahoo.com/15052008/323/french-banks-hit-subprime-losses-tighten-belts.html</link>
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<pubDate>Thu, 15 May 2008 17:31:05 GMT</pubDate>
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<title><![CDATA[IMF chief says worst of financial crisis is over]]></title>
<description><![CDATA[AFP Journal Internet - The worst of the financial sector crisis is over although the impact on the broader economy will likely drag on in coming months, IMF Managing Director Dominique Strauss-Kahn said on Thursday.]]></description>
<link>http://uk.biz.yahoo.com/15052008/323/imf-chief-says-worst-financial-crisis.html</link>
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<pubDate>Thu, 15 May 2008 16:33:05 GMT</pubDate>
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<title><![CDATA[Billionaire Icahn launches bid to replace Yahoo board]]></title>
<description><![CDATA[AFP Journal Internet - Billionaire corporate raider Carl Icahn announced a bid Thursday to unseat the board of Yahoo, saying the Internet firm had "completely botched" merger talks with Microsoft.]]></description>
<link>http://uk.biz.yahoo.com/15052008/323/billionaire-icahn-launches-bid-replace-yahoo-board.html</link>
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<pubDate>Thu, 15 May 2008 16:22:10 GMT</pubDate>
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<title><![CDATA[Billioniare Icahn launches bid to replace Yahoo board]]></title>
<description><![CDATA[AFP Journal Internet - Billionaire corporate raider Carl Icahn announced plans Thursday to launch a bid to replace the board of Yahoo, saying the Internet firm had "completely botched" merger talks with Microsoft.]]></description>
<link>http://uk.biz.yahoo.com/15052008/323/billioniare-icahn-launches-bid-replace-yahoo-board.html</link>
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<pubDate>Thu, 15 May 2008 14:56:06 GMT</pubDate>
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<title><![CDATA[British bank Barclays reports 1.0 billion-pound hit from credit squeeze]]></title>
<description><![CDATA[AFP Journal Internet - Barclays, Britain's third-biggest bank, said on Thursday that first quarter profits fell after suffering a 1.0 billion-pound (1.25 billion-euro, 1.95 billion-dollar) hit from the global credit crunch.]]></description>
<link>http://uk.biz.yahoo.com/15052008/323/british-bank-barclays-reports-1-0-billion-pound-hit-credit.html</link>
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<pubDate>Thu, 15 May 2008 14:36:40 GMT</pubDate>
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<title><![CDATA[Brewer SABMiller cheers soaring profits]]></title>
<description><![CDATA[AFP Journal Internet - Britain-based brewer SABMiller said Thursday that annual net profits jumped 22.6 percent as the group benefited from its strong brands and broad global footprint across emerging markets.]]></description>
<link>http://uk.biz.yahoo.com/15052008/323/brewer-sabmiller-cheers-soaring-profits.html</link>
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<pubDate>Thu, 15 May 2008 14:02:59 GMT</pubDate>
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<title><![CDATA[British Telecom profit slumps, chief executive bows out]]></title>
<description><![CDATA[AFP Journal Internet - British telecoms operator BT Group said on Thursday that annual net profit sank 39 percent, hit by restructuring costs and the lack of an exceptional tax gain that boosted the year-earlier results.]]></description>
<link>http://uk.biz.yahoo.com/15052008/323/british-telecom-profit-slumps-chief-executive-bows.html</link>
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<pubDate>Thu, 15 May 2008 13:50:42 GMT</pubDate>
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<title><![CDATA[Oil price climbs back above $125]]></title>
<description><![CDATA[AFP Journal Internet - Oil prices rose on Thursday, boosted by weakness of the dollar, as the market shrugged off a downgrade by OPEC of global demand growth for crude, analysts said.]]></description>
<link>http://uk.biz.yahoo.com/15052008/323/oil-price-climbs-above-125.html</link>
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<pubDate>Thu, 15 May 2008 13:43:48 GMT</pubDate>
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<title><![CDATA[Cadbury makes 'strong start' to 2008]]></title>
<description><![CDATA[AFP Journal Internet - Cadbury, the world's biggest maker of chocolate, said Thursday it expected a strong performance during the first half of 2008, sending its share price soaring in London trade.]]></description>
<link>http://uk.biz.yahoo.com/15052008/323/cadbury-makes-strong-start-2008.html</link>
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<pubDate>Thu, 15 May 2008 12:31:11 GMT</pubDate>
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<title><![CDATA[European stocks mixed amid earnings news]]></title>
<description><![CDATA[AFP Journal Internet - Europe's main stock markets diverged on Thursday as companies published mixed earnings news, and after share-price gains in Tokyo and overnight on Wall Street, dealers said.]]></description>
<link>http://uk.biz.yahoo.com/15052008/323/european-stocks-mixed-amid-earnings-news.html</link>
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<pubDate>Thu, 15 May 2008 12:02:05 GMT</pubDate>
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<title><![CDATA[Brewer SABMiller cheers 23-percent profits rise]]></title>
<description><![CDATA[AFP Journal Internet - Britain-based brewer SABMiller said on Thursday that annual net profits surged by 22.6 percent and added it would continue to benefit from the strength of its brands and investments amid higher costs.]]></description>
<link>http://uk.biz.yahoo.com/15052008/323/brewer-sabmiller-cheers-23-percent-profits-rise.html</link>
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<pubDate>Thu, 15 May 2008 11:57:35 GMT</pubDate>
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<title><![CDATA[Euro bounces against dollar after eurozone growth data]]></title>
<description><![CDATA[AFP Journal Internet - The European single currency rallied against the dollar on Thursday after news of rebounding growth in the 15-nation eurozone during the first three months of the year, dealers said.]]></description>
<link>http://uk.biz.yahoo.com/15052008/323/euro-bounces-against-dollar-eurozone-growth-data.html</link>
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<pubDate>Thu, 15 May 2008 11:30:53 GMT</pubDate>
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<title><![CDATA[French bank Natixis reports profit slump on another subprime hit]]></title>
<description><![CDATA[AFP Journal Internet - French investment bank Natixis said on Thursday its first-quarter earnings plunged 88 percent after it had to take further write-downs on its exposure to the US subprime home loan crisis.]]></description>
<link>http://uk.biz.yahoo.com/15052008/323/french-bank-natixis-reports-profit-slump-subprime-hit.html</link>
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<pubDate>Thu, 15 May 2008 10:13:34 GMT</pubDate>
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<title><![CDATA[Credit Agricole announces profits slump on new writedowns]]></title>
<description><![CDATA[AFP Journal Internet - French bank Credit Agricole reported on Thursday that first-quarter net profit had fallen by two thirds to 892 million euros (1.32 billion dollars) on further writedowns.]]></description>
<link>http://uk.biz.yahoo.com/15052008/323/credit-agricole-announces-profits-slump-new-writedowns.html</link>
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<pubDate>Thu, 15 May 2008 09:58:19 GMT</pubDate>
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<title><![CDATA[Utilities group RWE earnings fall sharply]]></title>
<description><![CDATA[AFP Journal Internet - Net profit at German utilities group RWE fell 48.5 percent in the first quarter on a writedown for its US unit American Water, regulatory measures and the weak pound, figures showed on Thursday.]]></description>
<link>http://uk.biz.yahoo.com/15052008/323/utilities-group-rwe-earnings-fall-sharply.html</link>
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<pubDate>Thu, 15 May 2008 09:47:03 GMT</pubDate>
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<title><![CDATA[British bank Barclays reports £1bn hit from credit squeeze]]></title>
<description><![CDATA[AFP Journal Internet - Barclays, the nation's third-biggest bank, said on Thursday that first-quarter profits were down on a year earlier after suffering a 1 billion-pound hit from the global credit crunch.]]></description>
<link>http://uk.biz.yahoo.com/15052008/323/british-bank-barclays-reports-1bn-hit-credit-squeeze.html</link>
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<pubDate>Thu, 15 May 2008 09:43:21 GMT</pubDate>
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<title><![CDATA[French data upgrades 2007 growth to 2.2 percent, minister 'jubilant']]></title>
<description><![CDATA[AFP Journal Internet - The French economy grew sharply more than thought last year, by 2.2 percent instead of 1.9 percent, Economy Minister Christine Lagarde said on Thursday.]]></description>
<link>http://uk.biz.yahoo.com/15052008/323/french-data-upgrades-2007-growth-2-2-percent-minister-jubilant.html</link>
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<pubDate>Thu, 15 May 2008 08:53:16 GMT</pubDate>
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<title><![CDATA[Japan's Mizuho Financial says profits halved by subprime crisis]]></title>
<description><![CDATA[AFP Journal Internet - Japan's second-largest bank Mizuho Financial Group said on Thursday that its annual net profit had roughly halved amid heavy losses from the subprime loan crisis in the United States.]]></description>
<link>http://uk.biz.yahoo.com/15052008/323/japan-s-mizuho-financial-says-profits-halved-subprime-crisis.html</link>
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<pubDate>Thu, 15 May 2008 08:43:23 GMT</pubDate>
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<title><![CDATA[Xstrata launches takeover bid for Australia's Indophil]]></title>
<description><![CDATA[AFP Journal Internet - Anglo-Swiss resources giant Xstrata launched a 426 million dollar (400 million US) hostile takeover bid for Australian copper miner Indophil Thursday.]]></description>
<link>http://uk.biz.yahoo.com/15052008/323/xstrata-launches-takeover-bid-australia-s-indophil.html</link>
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<pubDate>Thu, 15 May 2008 08:31:21 GMT</pubDate>
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<title><![CDATA[German inflation cut to 2.4 percent in April]]></title>
<description><![CDATA[AFP Journal Internet - Inflation in Germany fell to 2.4 percent in April from 3.1 percent in March, but remains above the European Central Bank's target of just below two percent, data confirmed Thursday.]]></description>
<link>http://uk.biz.yahoo.com/15052008/323/german-inflation-cut-2-4-percent-april.html</link>
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<pubDate>Thu, 15 May 2008 08:24:56 GMT</pubDate>
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<title><![CDATA[SKorea pushes US trade pact as opposition vows to block it]]></title>
<description><![CDATA[AFP Journal Internet - A free trade pact with the United States will help South Korea weather tough economic times ahead, the Seoul government said Thursday, as political opponents vowed to block the deal.]]></description>
<link>http://uk.biz.yahoo.com/15052008/323/skorea-pushes-trade-pact-opposition-vows-block.html</link>
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<pubDate>Thu, 15 May 2008 04:36:19 GMT</pubDate>
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<title><![CDATA[Bacon work sells for record 86.2 million dollars]]></title>
<description><![CDATA[AFP Journal Internet - A three-panel work by Francis Bacon has been sold at auction in New York for 86.2 million dollars, setting a new record for a painting by the Irish artist.]]></description>
<link>http://uk.biz.yahoo.com/15052008/323/bacon-work-sells-record-86-2-million-dollars.html</link>
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<pubDate>Thu, 15 May 2008 02:43:37 GMT</pubDate>
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<title><![CDATA[Icahn to launch proxy battle for Yahoo: report]]></title>
<description><![CDATA[AFP Journal Internet - Billionaire investor Carl Icahn plans to launch a proxy battle this week to gain power on Yahoo's board, aiming to push it back into takeover talks with Microsoft, the Wall Street Journal reported late Wednesday.]]></description>
<link>http://uk.biz.yahoo.com/15052008/323/icahn-launch-proxy-battle-yahoo-report.html</link>
<guid>http://uk.biz.yahoo.com/15052008/323/icahn-launch-proxy-battle-yahoo-report.html</guid>
<pubDate>Thu, 15 May 2008 01:33:35 GMT</pubDate>
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<title><![CDATA[US still competitive but risks Japan-style recession: IMD]]></title>
<description><![CDATA[AFP Journal Internet - The United States remains the world's most competitive economy but risks plunging into economic recession just like Japan in the 1990s due to structural weaknesses, a new study warned Thursday.]]></description>
<link>http://uk.biz.yahoo.com/14052008/323/competitive-risks-japan-style-recession-imd.html</link>
<guid>http://uk.biz.yahoo.com/14052008/323/competitive-risks-japan-style-recession-imd.html</guid>
<pubDate>Wed, 14 May 2008 23:45:05 GMT</pubDate>
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<title><![CDATA[Dollar steady against euro on positive US inflation data]]></title>
<description><![CDATA[AFP Journal Internet - The dollar held steady against the euro Wednesday in New York after a better-than-expected US inflation report dampened expectations of a fresh Federal Reserve interest rate cut.]]></description>
<link>http://uk.biz.yahoo.com/14052008/323/dollar-steady-against-euro-positive-inflation-data.html</link>
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<pubDate>Wed, 14 May 2008 22:23:55 GMT</pubDate>
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<title><![CDATA[Oil prices recede as US crude stocks rise]]></title>
<description><![CDATA[AFP Journal Internet - Oil prices fell heavily Wednesday as traders reacted to an increase in US crude stocks and as profit-taking occurred a day after prices struck a record high.]]></description>
<link>http://uk.biz.yahoo.com/14052008/323/oil-prices-recede-crude-stocks-rise.html</link>
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<pubDate>Wed, 14 May 2008 20:53:05 GMT</pubDate>
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