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bbc_business_001 | Ad sales boost Time Warner profit
Quarterly profits at US media giant TimeWarner jumped 76% to $1.13bn (£600m) for the three months to December, from $639m year-earlier.
The firm, which is now one of the biggest investors in Google, benefited from sales of high-speed internet connections and higher advert sales. Time... | bbc_business_001 |@title ad sale boost time warner profit |@word quarterly profit u medium giant timewarner jump three month december year earlier firm one big investor google benefit sale high speed internet connection high advert sale timewarner say fourth quarter sale rise profit buoy one gain offset profit dip warn... |
bbc_business_002 | Dollar gains on Greenspan speech
The dollar has hit its highest level against the euro in almost three months after the Federal Reserve head said the US trade deficit is set to stabilise.
And Alan Greenspan highlighted the US government's willingness to curb spending and rising household savings as factors which may ... | bbc_business_002 |@title dollar gain greenspan speech |@word dollar hit high level euro almost three month federal reserve head say u trade deficit set stabilise alan greenspan highlight u government willingness curb spending rise household saving factor may help reduce late trading new york dollar reach euro thursday ... |
bbc_business_003 | Yukos unit buyer faces loan claim
The owners of embattled Russian oil giant Yukos are to ask the buyer of its former production unit to pay back a $900m (£479m) loan.
State-owned Rosneft bought the Yugansk unit for $9.3bn in a sale forced by Russia to part settle a $27.5bn tax claim against Yukos. Yukos' owner Menate... | bbc_business_003 |@title yukos unit buyer face loan claim |@word owner embattled russian oil giant yukos ask buyer former production unit pay back loan state rosneft buy yugansk unit sale force russia part settle tax claim yukos yukos owner menatep group say ask rosneft repay loan yugansk secure asset rosneft already f... |
bbc_business_004 | High fuel prices hit BA's profits
British Airways has blamed high fuel prices for a 40% drop in profits.
Reporting its results for the three months to 31 December 2004, the airline made a pre-tax profit of £75m ($141m) compared with £125m a year earlier. Rod Eddington, BA's chief executive, said the results were "res... | bbc_business_004 |@title high fuel price hit ba profit |@word british airway blame high fuel price drop profit report result three month december airline make pre tax profit compare year earlier rod eddington ba chief executive say result respectable third quarter fuel cost rise ba profit still good market expectation ... |
bbc_business_005 | Pernod takeover talk lifts Domecq
Shares in UK drinks and food firm Allied Domecq have risen on speculation that it could be the target of a takeover by France's Pernod Ricard.
Reports in the Wall Street Journal and the Financial Times suggested that the French spirits firm is considering a bid, but has yet to contac... | bbc_business_005 |@title pernod takeover talk lift domecq |@word share uk drink food firm ally domecq rise speculation could target takeover france pernod ricard report wall street journal financial time suggest french spirit firm consider bid yet contact target ally domecq share london rise gmt pernod share paris slip... |
bbc_business_006 | Japan narrowly escapes recession
Japan's economy teetered on the brink of a technical recession in the three months to September, figures show.
Revised figures indicated growth of just 0.1% - and a similar-sized contraction in the previous quarter. On an annual basis, the data suggests annual growth of just 0.2%, sug... | bbc_business_006 |@title japan narrowly escape recession |@word japan economy teeter brink technical recession three month september figure show revised figure indicate growth similar size contraction previous quarter annual basis data suggest annual growth suggest much hesitant recovery previously thought common techn... |
bbc_business_007 | Jobs growth still slow in the US
The US created fewer jobs than expected in January, but a fall in jobseekers pushed the unemployment rate to its lowest level in three years.
According to Labor Department figures, US firms added only 146,000 jobs in January. The gain in non-farm payrolls was below market expectations... | bbc_business_007 |@title job growth still slow u |@word u create job expect january fall jobseekers push unemployment rate low level three year accord labor department figure u firm add job january gain non farm payroll market expectation new job nevertheless enough push unemployment rate low level since september job ... |
bbc_business_008 | India calls for fair trade rules
India, which attends the G7 meeting of seven leading industrialised nations on Friday, is unlikely to be cowed by its newcomer status.
In London on Thursday ahead of the meeting, India's finance minister, lashed out at the restrictive trade policies of the G7 nations. He objected to s... | bbc_business_008 |@title india call fair trade rule |@word india attend meeting seven lead industrialised nation friday unlikely cow newcomer status london thursday ahead meeting india finance minister lash restrictive trade policy nation object subsidy agriculture make hard develop nation like india compete also call ... |
bbc_business_009 | Ethiopia's crop production up 24%
Ethiopia produced 14.27 million tonnes of crops in 2004, 24% higher than in 2003 and 21% more than the average of the past five years, a report says.
In 2003, crop production totalled 11.49 million tonnes, the joint report from the Food and Agriculture Organisation and the World Food... | bbc_business_009 |@title ethiopia crop production |@word ethiopia produce million tonne crop high average past five year report say crop production total million tonne joint report food agriculture organisation world food programme say good rain increase use fertilizer improve seed contribute rise production neverthele... |
bbc_business_010 | Court rejects $280bn tobacco case
A US government claim accusing the country's biggest tobacco companies of covering up the effects of smoking has been thrown out by an appeal court.
The demand for $280bn (£155bn) - filed by the Clinton administration in 1999 - was rejected in a 2-1 decision. The court in Washington ... | bbc_business_010 |@title court reject tobacco case |@word u government claim accuse country big tobacco company cover effect smoking throw appeal court demand file clinton administration reject decision court washington find case could bring federal anti racketeer law among accuse altria group rj reynolds tobacco loril... |
bbc_business_011 | Ask Jeeves tips online ad revival
Ask Jeeves has become the third leading online search firm this week to thank a revival in internet advertising for improving fortunes.
The firm's revenue nearly tripled in the fourth quarter of 2004, exceeding $86m (£46m). Ask Jeeves, once among the best-known names on the web, is n... | bbc_business_011 |@title ask jeeves tip online ad revival |@word ask jeeves become third leading online search firm week thank revival internet advertising improve fortune firm revenue nearly triple fourth quarter exceed ask jeeves among best know name web relatively modest player profit quarter dwarf announce rival go... |
bbc_business_012 | Indonesians face fuel price rise
Indonesia's government has confirmed it is considering raising fuel prices by as much as 30%.
Millions of Indonesians use kerosene for basic cooking, and prices have been heavily subsidised for years. President Susilo Bambang Yudhoyono's government has said it wants to curb fuel subsi... | bbc_business_012 |@title indonesian face fuel price rise |@word indonesia government confirm consider raise fuel price much million indonesian use kerosene basic cooking price heavily subsidise year president susilo bambang yudhoyono government say want curb fuel subsidy direct money aid programme poor critic argue cut... |
bbc_business_013 | Peugeot deal boosts Mitsubishi
Struggling Japanese car maker Mitsubishi Motors has struck a deal to supply French car maker Peugeot with 30,000 sports utility vehicles (SUV).
The two firms signed a Memorandum of Understanding, and say they expect to seal a final agreement by Spring 2005. The alliance comes as a badly... | bbc_business_013 |@title peugeot deal boost mitsubishi |@word struggle japanese car maker mitsubishi motor strike deal supply french car maker peugeot sport utility vehicle suv two firm sign memorandum understanding say expect seal final agreement spring alliance come badly need boost loss making mitsubishi several pro... |
bbc_business_014 | Telegraph newspapers axe 90 jobs
The Daily and Sunday Telegraph newspapers are axing 90 journalist jobs - 17% of their editorial staff.
The Telegraph Group says the cuts are needed to fund an £150m investment in new printing facilities. Journalists at the firm met on Friday afternoon to discuss how to react to the su... | bbc_business_014 |@title telegraph newspaper axe job |@word daily sunday telegraph newspaper ax journalist job editorial staff telegraph group say cut need fund investment new printing facility journalist firm meet friday afternoon discuss react surprise announcement cut come background fierce competition reader sluggi... |
bbc_business_015 | Air passengers win new EU rights
Air passengers who are unable to board their flights because of overbooking, cancellations or flight delays can now demand greater compensation.
New EU rules set compensation at between 250 euros (£173) and 600 euros, depending on the length of the flight. The new rules will apply to ... | bbc_business_015 |@title air passenger win new eu right |@word air passenger unable board flight overbooking cancellation flight delay demand great compensation new eu rule set compensation euro euro depend length flight new rule apply schedule charter flight include budget airline airline attack legislation say could ... |
bbc_business_016 | China keeps tight rein on credit
China's efforts to stop the economy from overheating by clamping down on credit will continue into 2005, state media report.
The curbs were introduced earlier this year to ward off the risk that rapid expansion might lead to soaring prices. There were also fears that too much stress m... | bbc_business_016 |@title china keep tight rein credit |@word china effort stop economy overheat clamp credit continue state medium report curb introduce earlier year ward risk rapid expansion might lead soar price also fear much stress might place fragile banking system growth china remains breakneck corporate investme... |
bbc_business_017 | Parmalat boasts doubled profits
Parmalat, the Italian food group at the centre of one of Europe's most painful corporate scandals, has reported a doubling in profit.
Its pre-tax earnings in the fourth quarter were 77m euros (£53m; $100m), up from 38m in the same period of 2003. Less welcome was the news that the firm... | bbc_business_017 |@title parmalat boast double profit |@word parmalat italian food group centre one europe painful corporate scandal report double profit pre tax earnings fourth quarter euro period less welcome news firm fin euro violate takeover rule five year ago firm seek bankruptcy protection december disclose euro... |
bbc_business_018 | India's rupee hits five-year high
India's rupee has hit a five-year high after Standard & Poor's (S&P) raised the country's foreign currency rating.
The rupee climbed to 43.305 per US dollar on Thursday, up from a close of 43.41. The currency has gained almost 1% in the past three sessions. S&P, which rates borrowers... | bbc_business_018 |@title india rupee hit five year high |@word india rupee hit five year high standard poor raise country foreign currency rating rupee climb per u dollar thursday close currency gain almost past three session rate borrower creditworthiness lift india rating one notch bb indian asset see less gamble cas... |
bbc_business_019 | India widens access to telecoms
India has raised the limit for foreign direct investment in telecoms companies from 49% to 74%.
Communications Minister Dayanidhi Maran said that there is a need to fund the fast-growing mobile market. The government hopes to increase the number of mobile users from 95 million to betwe... | bbc_business_019 |@title india widen access telecoms |@word india raise limit foreign direct investment telecoms company communication minister dayanidhi maran say need fund fast grow mobile market government hop increase number mobile user million million need least investment part come foreign direct investment say m... |
bbc_business_020 | Call centre users 'lose patience'
Customers trying to get through to call centres are getting impatient and quicker to hang up, a survey suggests.
Once past the welcome message, callers on average hang up after just 65 seconds of listening to canned music. The drop in patience comes as the number of calls to call cen... | bbc_business_020 |@title call centre user lose patience |@word customer try get call centre get impatient quicker hang survey suggest past welcome message caller average hang second listen music drop patience come number call call centre grow rate every year customer get use idea always available society say cara diemo... |
bbc_business_021 | Rank 'set to sell off film unit'
Leisure group Rank could unveil plans to demerge its film services unit and sell its media business, reports claim.
Rank, formerly famous for the Carry On series, will expose the shake-up at the announcement of its results on Friday, the Sunday Telegraph reported. Advisors Goldman Sac... | bbc_business_021 |@title rank set sell film unit |@word leisure group rank could unveil plan demerge film service unit sell medium business report claim rank formerly famous carry series expose shake announcement result friday sunday telegraph report advisor goldman sachs understood value demerged deluxe film unit repo... |
bbc_business_022 | Sluggish economy hits German jobs
The number of people out of work in Europe's largest economy has risen for the tenth straight month as growth remains stubbornly slow.
German unemployment rose 7,000 in November to 4.464 million people, or 10.8% of the workforce. The seasonally adjusted rise showed a smaller rise tha... | bbc_business_022 |@title sluggish economy hits german job |@word number people work europe large economy rise tenth straight month growth remain stubbornly slow german unemployment rise november million people workforce seasonally adjust rise show small rise expect government measure encourage job creation begin take e... |
bbc_business_023 | Mixed signals from French economy
The French economy picked up speed at the end of 2004, official figures show - but still looks set to have fallen short of the government's hopes.
According to state statistics body INSEE, growth for the three months to December was a seasonally-adjusted 0.7-0.8%, ahead of the 0.6% f... | bbc_business_023 |@title mixed signal french economy |@word french economy pick speed end official figure show still look set fall short government hop accord state statistic body insee growth three month december seasonally adjust ahead forecast confirm would best quarterly showing since early leave gdp full year shor... |
bbc_business_024 | US trade gap hits record in 2004
The gap between US exports and imports hit an all-time high of $671.7bn (£484bn) in 2004, latest figures show.
The Commerce Department said the trade deficit for all of last year was 24.4% above the previous record - 2003's imbalance of $496.5bn. The deficit with China, up 30.5% at $1... | bbc_business_024 |@title u trade gap hit record |@word gap u export import hit time high late figure show commerce department say trade deficit last year previous record imbalance deficit china large ever record single country however monthly basis u trade gap narrow december u consumer appetite thing oil import car ev... |
bbc_business_025 | Yukos loses US bankruptcy battle
A judge has dismissed an attempt by Russian oil giant Yukos to gain bankruptcy protection in the US.
Yukos filed for Chapter 11 protection in Houston in an unsuccessful attempt to halt the auction of its Yugansk division by the Russian authorities. The court ruling is a blow to effort... | bbc_business_025 |@title yukos lose u bankruptcy battle |@word judge dismiss attempt russian oil giant yukos gain bankruptcy protection u yukos file chapter protection houston unsuccessful attempt halt auction yugansk division russian authority court ruling blow effort get damage sale yugansk yukos claim illegally sell... |
bbc_business_026 | Safety alert as GM recalls cars
The world's biggest carmaker General Motors (GM) is recalling nearly 200,000 vehicles in the US on safety grounds, according to federal regulators.
The National Highway Traffic Safety Administration (NHTSA) said the largest recall involves 155,465 pickups, vans and sports utility vehic... | bbc_business_026 |@title safety alert gm recall car |@word world big carmaker general motor gm recall nearly vehicle u safety ground accord federal regulator national highway traffic safety administration nhtsa say large recall involve pickup van sport utility vehicle suvs possible malfunction brake system affected veh... |
bbc_business_027 | Steel firm 'to cut' 45,000 jobs
Mittal Steel, one of the world's largest steel producers, could cut up to 45,000 jobs over the next five years, its chief executive has said.
The Netherlands-based company is due to complete its $4.5bn acquisition of US firm ISG next month, making it one of the largest global firms of ... | bbc_business_027 |@title steel firm cut job |@word mittal steel one world large steel producer could cut job next five year chief executive say netherlands base company due complete acquisition u firm isg next month make one large global firm kind however lakshmi mittal tell investor combine company shed thousand job i... |
bbc_business_028 | Strong demand triggers oil rally
Crude oil prices surged back above the $47 a barrel mark on Thursday after an energy market watchdog raised its forecasts for global demand.
The International Energy Agency (IEA) warned demand for Opec's crude in the first quarter would outstrip supply. The IEA raised its estimate of ... | bbc_business_028 |@title strong demand trigger oil rally |@word crude oil price surge back barrel mark thursday energy market watchdog raise forecast global demand international energy agency iea warn demand opec crude first quarter would outstrip supply iea raise estimate oil demand growth barrel day million barrel da... |
bbc_business_029 | UK firm faces Venezuelan land row
Venezuelan authorities have said they will seize land owned by a British company as part of President Chavez's agrarian reform programme.
Officials in Cojedes state said on Friday that farmland owned by a subsidiary of the Vestey Group would be taken and used to settle poor farmers. ... | bbc_business_029 |@title uk firm face venezuelan land row |@word venezuelan authority say seize land british company part president chavez agrarian reform programme official cojedes state say friday farmland subsidiary vestey group would take use settle poor farmer government crack call latifundios large rural estate s... |
bbc_business_030 | Soaring oil 'hits world economy'
The soaring cost of oil has hit global economic growth, although world's major economies should weather the storm of price rises, according to the OECD.
In its latest bi-annual report, the OECD cut its growth predictions for the world's main industrialised regions. US growth would rea... | bbc_business_030 |@title soar oil hit world economy |@word soar cost oil hit global economic growth although world major economy weather storm price rise accord oecd late bi annual report oecd cut growth prediction world main industrialised region u growth would reach fall next year previous estimate oecd say however p... |
bbc_business_031 | Irish markets reach all-time high
Irish shares have risen to a record high, with investors persuaded to buy into the market by low inflation and strong growth forecasts.
The ISEQ index of leading shares closed up 23 points to 6661.89 on Thursday, fuelled by strong growth in banking and financial stocks. A fall in the... | bbc_business_031 |@title irish market reach time high |@word irish share rise record high investor persuade buy market low inflation strong growth forecast iseq index lead share close point thursday fuel strong growth banking financial stock fall rate inflation january give fresh boost share advance month economy set s... |
bbc_business_032 | Japanese banking battle at an end
Japan's Sumitomo Mitsui Financial has withdrawn its takeover offer for rival bank UFJ Holdings, enabling the latter to merge with Mitsubishi Tokyo.
Sumitomo bosses told counterparts at UFJ of its decision on Friday, clearing the way for it to conclude a 3 trillion yen ($29bn) deal wi... | bbc_business_032 |@title japanese banking battle end |@word japan sumitomo mitsui financial withdraw takeover offer rival bank ufj holding enable latter merge mitsubishi tokyo sumitomo boss tell counterpart ufj decision friday clear way conclude trillion yen deal mitsubishi deal would create world big bank asset trilli... |
bbc_business_033 | Rich grab half Colombia poor fund
Half of the money put aside by the Colombian government to help the country's poor is benefiting people who do not need it, a study has found.
A total of 24.2 trillion pesos ($10.2bn; £5.5bn) is earmarked for subsidies for the poor, the government department for planning said. But it... | bbc_business_033 |@title rich grab half colombia poor fund |@word half money put aside colombian government help country poor benefit people need study find total trillion peso earmark subsidy poor government department planning say also find trillion peso go rich part population rather need sound distribution cash cou... |
bbc_business_034 | Rover deal 'may cost 2,000 jobs'
Some 2,000 jobs at MG Rover's Midlands plant may be cut if investment in the firm by a Chinese car maker goes ahead, the Financial Times has reported.
Shanghai Automotive Industry Corp plans to shift production of the Rover 25 to China and export it to the UK, sources close to the neg... | bbc_business_034 |@title rover deal may cost job |@word job mg rover midlands plant may cut investment firm chinese car maker go ahead financial time report shanghai automotive industry corp plan shift production rover china export uk source close negotiation tell ft rover tell bbc news report job cut speculation tie s... |
bbc_business_035 | Ad firm WPP's profits surge 15%
UK advertising giant WPP has posted larger-than-expected annual profits and predicted that it will outperform the market in 2005.
Pre-tax profits rose 15% from a year ago to reach £546m ($1.04bn), ahead of average analysts' forecasts of £532m. Revenues were £4.3bn while the firm's oper... | bbc_business_035 |@title ad firm wpp profit surge |@word uk advertising giant wpp post large expect annual profit predict outperform market pre tax profit rise year ago reach ahead average analyst forecast revenue firm operate margin say could reach year wpp buy u rival grey global create giant big enough rival sector ... |
bbc_business_036 | US gives foreign firms extra time
Foreign firms have been given an extra year to meet tough new corporate governance regulations imposed by the US stock market watchdog.
The Securities and Exchange Commission has extended the deadline to get in line with the rules until 15 July 2006. Many foreign firms had protested ... | bbc_business_036 |@title u give foreign firm extra time |@word foreign firm give extra year meet tough new corporate governance regulation impose u stock market watchdog security exchange commission extend deadline get line rule july many foreign firm protest sec impose unfair burden new rule result sarbanes oxley act ... |
bbc_business_037 | Japanese mogul arrested for fraud
One of Japan's best-known businessmen was arrested on Thursday on charges of falsifying shareholder information and selling shares based on the false data.
Yoshiaki Tsutsumi was once ranked as the world's richest man and ran a business spanning hotels, railways, construction and a ba... | bbc_business_037 |@title japanese mogul arrest fraud |@word one japan best known businessmen arrest thursday charge falsify shareholder information selling share base false data yoshiaki tsutsumi rank world richest man ran business span hotel railways construction baseball team late series arrest top executive japan bu... |
bbc_business_038 | Deutsche Telekom sees mobile gain
German telecoms firm Deutsche Telekom saw strong fourth quarter profits on the back of upbeat US mobile earnings and better-than-expected asset sales.
Net profit came in at 1.4bn euros (£960m; $1.85bn), a dramatic change from the loss of 364m euros in 2003. Sales rose 2.8% to 14.96bn... | bbc_business_038 |@title deutsche telekom see mobile gain |@word german telecom firm deutsche telekom saw strong fourth quarter profit back upbeat u mobile earnings good expect asset sale net profit come euro dramatic change loss euro sale rise euros sale stake firm include russia oao mobile telesystems raise euro expe... |
bbc_business_039 | Chinese wine tempts Italy's Illva
Italy's Illva Saronno has agreed to buy 33% of Changyu, the largest wine maker in China.
Changyu said in a statement to the Shenzhen stock exchange that Illva will pay 481.42m yuan ($58.16m; £30.7m), once the government approves the deal. The Italian liqueur maker will acquire the sh... | bbc_business_039 |@title chinese wine tempts italy illva |@word italy illva saronno agree buy changyu large wine maker china changyu say statement shenzhen stock exchange illva pay yuan government approve deal italian liqueur maker acquire share yantai state asset management bureau chinese wine sale grow u agriculture ... |
bbc_business_040 | Umbro profits lifted by Euro 2004
UK sportswear firm Umbro has posted a 222% rise in annual profit after sales of replica England football kits were boosted by the Euro 2004 tournament.
Pre-tax profit for 2004 was £15.4m ($29.4m). Umbro, which recently lost sponsorship deals with Chelsea and Celtic, said on Thursday ... | bbc_business_040 |@title umbro profit lift euro |@word uk sportswear firm umbro post rise annual profit sale replica england football kit boost euro tournament pre tax profit umbro recently lose sponsorship deal chelsea celtic say thursday sign new four year agreement scottish club ranger hop sale benefit launch new en... |
bbc_business_041 | Fed chief warning on US deficit
Federal Reserve chairman Alan Greenspan has warned that allowing huge US budget deficits to continue could have "severe" consequences.
Speaking to the House Budget Committee he urged Congress to take action to cut the deficit, such as increasing taxes. While the US economy is growing a... | bbc_business_041 |@title fed chief warn u deficit |@word federal reserve chairman alan greenspan warn allow huge u budget deficit continue could severe consequence speak house budget committee urge congress take action cut deficit increase tax u economy grow reasonably good pace warn budget concern cloud economic outlo... |
bbc_business_042 | UK Coal plunges into deeper loss
Shares in UK Coal have fallen after the mining group reported losses had deepened to £51.6m in 2004 from £1.2m.
The UK's biggest coal producer blamed geological problems, industrial action and "operating flaws" at its deep mines for its worsening fortunes. The South Yorkshire company,... | bbc_business_042 |@title uk coal plunge deep loss |@word share uk coal fall mining group report loss deepen uk big coal producer blame geological problem industrial action operating flaw deep mine worsening fortunes south yorkshire company lead new chief executive gerry spindler say hop return profit early trade thursd... |
bbc_business_043 | Saudi ministry to employ women
Women will be employed in Saudi Arabia's foreign ministry for the first time this year, Foreign Minister Prince Saud Al-Faisal has been reported as saying.
The move comes as the conservative country inches open the door to working women. Last year, Crown Prince Abdullah, the de-facto ru... | bbc_business_043 |@title saudi ministry employ woman |@word woman employ saudi arabia foreign ministry first time year foreign minister prince saud al faisal report say move come conservative country inch open door work woman last year crown prince abdullah de facto ruler tell government department put plan place emplo... |
bbc_business_044 | Japan economy slides to recession
The Japanese economy has officially gone back into recession for the fourth time in a decade.
Gross domestic product fell by 0.1% in the last three months of 2004. The fall reflects weak exports and a slowdown in consumer spending, and follows similar falls in GDP in the two previous... | bbc_business_044 |@title japan economy slide recession |@word japanese economy officially go back recession fourth time decade gross domestic product fell last three month fall reflect weak export slowdown consumer spending follow similar fall gdp two previous quarter tokyo stock market fell figure announce rise widesp... |
bbc_business_045 | US crude prices surge above $53
US crude prices have soared to fresh four-month highs above $53 in the US as refinery problems propelled petrol prices to an all-time high.
US light sweet crude futures jumped to $53.09 a barrel in New York before closing at $53.03. The gains tracked a surge in US gasoline futures to a... | bbc_business_045 |@title u crude price surge |@word u crude price soar fresh four month high u refinery problem propel petrol price time high u light sweet crude future jump barrel new york closing gain track surge u gasoline future record high gallon jump follow fire western refine company refinery texas shut petrol p... |
bbc_business_046 | Industrial output falls in Japan
Japanese industrial output fell in October while unemployment rose, casting further doubt on the strength of the country's economic recovery.
Production dropped 1.6% in October, reflecting a decline in exports, while unemployment levels edged up 0.1% to 4.7%, slightly higher than fore... | bbc_business_046 |@title industrial output fall japan |@word japanese industrial output fell october unemployment rise cast doubt strength country economic recovery production drop october reflect decline export unemployment level edge slightly high forecast economy grow six quarter growth slow dramatically last quarte... |
bbc_business_047 | Ryanair in $4bn Boeing plane deal
Budget airline Ryanair has placed an order for 70 Boeing 737-800 planes, in a deal valued at $4bn (£2.1bn) which should lead to 2,500 new Ryanair jobs.
It also has an option for a further 70 aircraft, a move which brings the Ryanair/Boeing order book up to 225 firm orders and options... | bbc_business_047 |@title ryanair boeing plane deal |@word budget airline ryanair place order boeing plane deal value lead new ryanair job also option aircraft move bring ryanair boeing order book firm order option ryanair say new plane would help cut operating cost carrier report drop quarterly profit earlier year hit ... |
bbc_business_048 | Parmalat to return to stockmarket
Parmalat, the Italian dairy company which went bust after an accounting scandal, hopes to be back on the Italian stock exchange in July.
The firm gained protection from creditors in 2003 after revealing debts of 14bn euros ($18.34bn; £9.6bn). This was eight times higher than it had p... | bbc_business_048 |@title parmalat return stockmarket |@word parmalat italian dairy company go bust accounting scandal hop back italian stock exchange july firm gain protection creditor reveal debt euro eight time high previously state statement issue wednesday night parmalat finanziaria detail administrator late plan l... |
bbc_business_049 | BMW cash to fuel Mini production
Less than four years after the new Mini was launched, German car maker BMW has announced £100m of new investment.
Some 200 new jobs are to be created at the Oxford factory, including modernised machinery and a new body shell production building. The result of the investment could be t... | bbc_business_049 |@title bmw cash fuel mini production |@word less four year new mini launched german car maker bmw announce new investment new job create oxford factory include modernised machinery new body shell production build result investment could raise output car rise last year response rapidly rise demand coul... |
bbc_business_050 | Bad weather hits Nestle sales
A combination of bad weather, rising raw material costs and the sluggish European economy has hit sales at Swiss food and drink giant Nestle.
Revenue dipped 1.4% to 86.7bn Swiss francs ($74.6bn; £39.1bn) in 2004 as sales of ice cream and mineral water were dampened by the wet summer. How... | bbc_business_050 |@title bad weather hit nestle sale |@word combination bad weather rise raw material cost sluggish european economy hit sale swiss food drink giant nestle revenue dip swiss franc sale ice cream mineral water dampen wet summer however nestle profit margin help strong performance america china nestle rai... |
bbc_business_051 | Fiat mulls Ferrari market listing
Ferrari could be listed on the stock market as part of an overhaul of Fiat's carmaking operations, the Financial Times has reported.
It said Fiat was set to restructure its business after reaching a $2bn (1.53bn euros; £1.05bn) settlement with GM about Fiat's ownership. Steps being c... | bbc_business_051 |@title fiat mull ferrari market listing |@word ferrari could list stock market part overhaul fiat carmaking operation financial time report say fiat set restructure business reach euro settlement gm fiat ownership step consider include list ferrari bring maserati alfa romeo closer together say despite... |
bbc_business_052 | Italy to get economic action plan
Italian Prime Minister Silvio Berlusconi will unveil plans aimed at kickstarting the country's sputtering economy on Thursday night in Rome.
He will present an "Action Plan for the Development of Italy" in a meeting with industrialists and trade union leaders. Mr Berlusconi is expect... | bbc_business_052 |@title italy get economic action plan |@word italian prime minister silvio berlusconi unveil plan aim kickstarting country sputter economy thursday night rome present action plan development italy meet industrialist trade union leader mr berlusconi expect table reform aim boost research development sp... |
bbc_business_053 | Weak dollar hits Reuters
Revenues at media group Reuters slipped 11% during 2004, mainly due to the weakness of the dollar, the group said.
The company said it was optimistic about growth even as revenues slipped 11% from £3.24bn ($6.13bn) in 2003 to £2.89bn in 2004. Reuters beat profit forecasts, posting a 52% rise ... | bbc_business_053 |@title weak dollar hit reuters |@word revenue medium group reuters slip mainly due weakness dollar group say company say optimistic growth even revenue slip reuters beat profit forecast post rise profit year see year earlier reuters also beat saving target deliver cut three year fast forward turnaroun... |
bbc_business_054 | Hyundai to build new India plant
South Korea's Hyundai Motor has announced that it plans to build a second plant in India to meet the country's growing demand for cars.
The company didn't give details of its investment but it said the new plant would produce 150,000 cars a year. This will boost the annual production ... | bbc_business_054 |@title hyundai build new india plant |@word south korea hyundai motor announce plan build second plant india meet country grow demand car company give detail investment say new plant would produce car year boost annual production capacity company india second large car manufacturer unit hyundai expect... |
bbc_business_055 | SA unveils 'more for all' budget
The South African government has put tax cuts and increased social spending at the centre of its latest budget.
Aiming to both stir economic growth and aid the country's poor, finance minister Trevor Manuel said the focus of the 2005 budget was "more for all". The tax cuts target firm... | bbc_business_055 |@title sa unveil budget |@word south african government put tax cut increased social spending centre late budget aiming stir economic growth aid country poor finance minister trevor manuel say focus budget tax cut target firm individual cut corporate tax offer income tax cut worth rand spending health... |
bbc_business_056 | BMW drives record sales in Asia
BMW has forecast sales growth of at least 10% in Asia this year after registering record sales there in 2004.
The luxury carmaker saw strong sales of its three marques - BMW, Mini and Rolls-Royce - in Asia last year after the launch of three new models. The company, which is vying with... | bbc_business_056 |@title bmw drive record sale asia |@word bmw forecast sale growth least asia year register record sale luxury carmaker saw strong sale three marque bmw mini roll royce asia last year launch three new model company vie mercedes benz title lead premium carmaker confident prospect region launch revamp ve... |
bbc_business_057 | Economy 'stronger than forecast'
The UK economy probably grew at a faster rate in the third quarter than the 0.4% reported, according to Bank of England deputy governor Rachel Lomax.
Private sector business surveys suggest a stronger economy than official estimates, Ms Lomax said. Other surveys collectively show a ra... | bbc_business_057 |@title economy strong forecast |@word uk economy probably grow fast rate third quarter report accord bank england deputy governor rachel lomax private sector business survey suggest strong economy official estimate ms lomax say survey collectively show rapid slowdown uk house price growth point mean d... |
bbc_business_058 | Electrolux to export Europe jobs
Electrolux saw its shares rise 14% on Tuesday after it said it would be shifting more of its manufacturing to low-cost countries.
The Swedish firm, the world's largest maker of home appliances, said it is to relocate about 10 of its 27 plants in western Europe and North America. It di... | bbc_business_058 |@title electrolux export europe job |@word electrolux saw share rise tuesday say would shift manufacturing low cost country swedish firm world large maker home appliance say relocate plant western europe north america say facility would affect intend move asia eastern europe mexico company two manufac... |
bbc_business_059 | Worldcom ex-boss launches defence
Lawyers defending former WorldCom chief Bernie Ebbers against a battery of fraud charges have called a company whistleblower as their first witness.
Cynthia Cooper, WorldCom's ex-head of internal accounting, alerted directors to irregular accounting practices at the US telecoms giant... | bbc_business_059 |@title worldcom ex bos launch defence |@word lawyer defend former worldcom chief bernie ebbers battery fraud charge call company whistleblower first witness cynthia cooper worldcom ex head internal accounting alert director irregular accounting practice u telecom giant warning lead collapse firm follo... |
bbc_business_060 | Insurance bosses plead guilty
Another three US insurance executives have pleaded guilty to fraud charges stemming from an ongoing investigation into industry malpractice.
Two executives from American International Group (AIG) and one from Marsh & McLennan were the latest. The investigation by New York attorney genera... | bbc_business_060 |@title insurance boss plead guilty |@word another three u insurance executive plead guilty fraud charge stem ongoing investigation industry malpractice two executive american international group aig one marsh mclennan late investigation new york attorney general eliot spitzer obtain nine guilty plea h... |
bbc_business_061 | Further rise in UK jobless total
The UK's jobless total rose for the second month in a row in December, official figures show.
The number of people out of work rose 32,000 to 1.41 million in the last three months of 2004, even as 90,000 more people were in employment. Average earnings rose by 4.3% in the year to Dece... | bbc_business_061 |@title far rise uk jobless total |@word uk jobless total rise second month row december official figure show number people work rise million last three month even people employment average earnings rise year december november office national statistic ons add meanwhile benefit claimant total fell last... |
bbc_business_062 | Wembley firm won't make a profit
Shares in Multiplex Group, which is building the new Wembley stadium, fell as much as 19% after it said it would not make any money on the project.
The Australian firm said it would only break even on the 1.2bn Australian dollars (£458m; $874m) rebuild, after a rise in costs on the wo... | bbc_business_062 |@title wembley firm win make profit |@word share multiplex group build new wembley stadium fell much say would make money project australian firm say would break even australian dollar rebuild rise cost work profit would depend outcome legal case result change steel contractor add cut profit target we... |
bbc_business_063 | Cars pull down US retail figures
US retail sales fell 0.3% in January, the biggest monthly decline since last August, driven down by a heavy fall in car sales.
The 3.3% fall in car sales had been expected, coming after December's 4% rise in car sales, fuelled by generous pre-Christmas special offers. Excluding the ca... | bbc_business_063 |@title car pull u retail figure |@word u retail sale fell january big monthly decline since last august drive heavy fall car sale fall car sale expect come december rise car sale fuel generous pre christmas special offer exclude car sector u retail sale january twice analyst expect u retail spending e... |
bbc_business_064 | Lufthansa may sue over Bush visit
German airline Lufthansa may sue federal agencies for damages after the arrival of US president George W Bush disrupted flights.
Lufthansa said that it may lose millions of euros as a result of Air Force One landing at Frankfurt airport. Flights were affected for an hour on Wednesday... | bbc_business_064 |@title lufthansa may sue bush visit |@word german airline lufthansa may sue federal agency damage arrival u president george bush disrupt flight lufthansa say may lose million euro result air force one landing frankfurt airport flight affect hour wednesday morning double time expect lead cancellation ... |
bbc_business_065 | EU aiming to fuel development aid
European Union finance ministers meet on Thursday to discuss proposals, including a tax on jet fuel, to boost development aid for poorer nations.
The policy makers are to ask for a report into how more development money can be raised, the EU said. The world's richest countries have s... | bbc_business_065 |@title eu aim fuel development aid |@word european union finance minister meet thursday discuss proposal include tax jet fuel boost development aid poor nation policy maker ask report development money raise eu say world richest country say want increase amount aid give annual gross national income ai... |
bbc_business_066 | German business confidence slides
German business confidence fell in February knocking hopes of a speedy recovery in Europe's largest economy.
Munich-based research institute Ifo said that its confidence index fell to 95.5 in February from 97.5 in January, its first decline in three months. The study found that the o... | bbc_business_066 |@title german business confidence slide |@word german business confidence fell february knock hope speedy recovery europe large economy munich base research institute ifo say confidence index fell february january first decline three month study find outlook manufacturing retail sector worsen observer... |
bbc_business_067 | FAO warns on impact of subsidies
Billions of farmers' livelihoods are at risk from falling commodity prices and protectionism, the UN's Food & Agriculture Organisation has warned.
Trade barriers and subsidies "severely" distort the market, the FAO report on the "State of Agricultural Commodity Markets 2004" said. As ... | bbc_business_067 |@title fao warns impact subsidy |@word billion farmer livelihood risk fall commodity price protectionism un food agriculture organisation warn trade barrier subsidy severely distort market fao report state agricultural commodity market say result billion people developing world rely farm face food ins... |
bbc_business_068 | India seeks to boost construction
India has cleared a proposal allowing up to 100% foreign direct investment in its construction sector.
Kamal Nath, Commerce and Industry Minister, announced the decision in Delhi on Thursday following a cabinet meeting. Analysts say improving India's infrastructure will boost foreign... | bbc_business_068 |@title india seek boost construction |@word india clear proposal allow foreign direct investment construction sector kamal nath commerce industry minister announce decision delhi thursday follow cabinet meeting analyst say improve india infrastructure boost foreign investment sector indian government ... |
bbc_business_069 | Boeing unveils new 777 aircraft
US aircraft firm Boeing has unveiled its new long-distance 777 plane, as it tries to regain its position as the industry's leading manufacturer.
The 777-200LR will be capable of flying almost 11,000 miles non-stop, linking cities such as London and Sydney. Boeing, in contrast to Europe... | bbc_business_069 |@title boeing unveils new aircraft |@word u aircraft firm boeing unveil new long distance plane try regain position industry lead manufacturer capable fly almost mile non stop link city london sydney boeing contrast european rival airbus hop airline want fly small aircraft long distance airbus overtoo... |
bbc_business_070 | Circuit City gets takeover offer
Circuit City Stores, the second-largest electronics retailer in the US, has received a $3.25bn (£1.7bn) takeover offer.
The bid has come from Boston-based private investment firm Highfields Capital Management, which already owns 6.7% of Circuit City's shares. Shares in the retailer we... | bbc_business_070 |@title circuit city get takeover offer |@word circuit city store second large electronics retailer u receive takeover offer bid come boston base private investment firm highfields capital management already circuit city share share retailer tuesday morning trading new york follow announcement highfiel... |
bbc_business_071 | Japan turns to beer alternatives
Japanese brewers are increasingly making money from beer-flavoured drinks rather than beer itself
Beer and spirits are heavily taxed in Japan, driving breweries to search for alternatives. Japan's long economic downturn helped drive the trend, as drinkers looked for cheaper opportunit... | bbc_business_071 |@title japan turn beer alternative |@word japanese brewer increasingly make money beer flavour drink rather beer beer spirit heavily tax japan drive brewery search alternative japan long economic downturn help drive trend drinker look cheap opportunity drown sorrow accord asahi brewery market called b... |
bbc_business_072 | S Korean consumers spending again
South Korea looks set to sustain its revival thanks to renewed private consumption, its central bank says.
The country's economy has suffered from an overhang of personal debt after its consumers' credit card spending spree. Card use fell sharply last year, but is now picking up agai... | bbc_business_072 |@title korean consumer spend |@word south korea look set sustain revival thanks renew private consumption central bank say country economy suffer overhang personal debt consumer credit card spending spree card use fell sharply last year pick rise spending year year economy head upward rather downward ... |
bbc_business_073 | German growth goes into reverse
Germany's economy shrank 0.2% in the last three months of 2004, upsetting hopes of a sustained recovery.
The figures confounded hopes of a 0.2% expansion in the fourth quarter in Europe's biggest economy. The Federal Statistics Office said growth for the whole of 2004 was 1.6%, after a... | bbc_business_073 |@title german growth go reverse |@word germany economy shrank last three month upset hope sustained recovery figure confound hope expansion fourth quarter europe big economy federal statistic office say growth whole year contraction early estimate say growth third quarter zero put economy standstill j... |
bbc_business_074 | Turkey-Iran mobile deal 'at risk'
Turkey's investment in Iran's mobile industry looks set to be scrapped after its biggest mobile firm saw its investment there slashed by MPs.
Iran's parliament voted by a large majority to cut Turkcell's stake in a new mobile network from 70% to 49%. The move, which was justified on ... | bbc_business_074 |@title turkey iran mobile deal risk |@word turkey investment iran mobile industry look set scrap big mobile firm saw investment slash mp iran parliament vote large majority cut turkcell stake new mobile network move justify national security ground follow early vote mp give veto foreign investment tur... |
bbc_business_075 | EU ministers to mull jet fuel tax
European Union finance ministers are meeting on Thursday in Brussels, where they are to discuss a controversial jet fuel tax.
A levy on jet fuel has been suggested as a way to raise funds to finance aid for the world's poorest nations. Airlines and aviation bodies have reacted strong... | bbc_business_075 |@title eu minister mull jet fuel tax |@word european union finance minister meet thursday brussels discuss controversial jet fuel tax levy jet fuel suggest way raise fund finance aid world poor nation airline aviation body react strongly plan say would hurt company time earnings pressure eu say tax wo... |
bbc_business_076 | Palestinian economy in decline
Despite a short-lived increase in Palestinian jobs in 2003, the economy is performing well below its potential, said a World Bank report.
Unemployment stood at 25%, compared with 10% before the uprising against Israeli occupation four years ago. Young people are particularly hard hit wi... | bbc_business_076 |@title palestinian economy decline |@word despite short live increase palestinian job economy perform well potential say world bank report unemployment stand compare uprising israeli occupation four year ago young people particularly hard hit work compare four year ago new job create last year brief e... |
bbc_business_077 | China had role in Yukos split-up
China lent Russia $6bn (£3.2bn) to help the Russian government renationalise the key Yuganskneftegas unit of oil group Yukos, it has been revealed.
The Kremlin said on Tuesday that the $6bn which Russian state bank VEB lent state-owned Rosneft to help buy Yugansk in turn came from Chi... | bbc_business_077 |@title china role yukos split |@word china lent russia help russian government renationalise key yuganskneftegas unit oil group yukos reveal kremlin say tuesday russian state bank veb lent state rosneft help buy yugansk turn come chinese bank revelation come russian government say rosneft sign long te... |
bbc_business_078 | Deadline nears for Fiat-GM deal
Fiat and General Motors (GM) have until midnight on 1 February to settle a disagreement over a potential takeover.
The deadline marks the point at which Fiat will gain the right to sell its car division to GM, part of an alliance agreed in 2000. GM, whose own European operations are lo... | bbc_business_078 |@title deadline nears fiat gm deal |@word fiat general motor gm midnight february settle disagreement potential takeover deadline mark point fiat gain right sell car division gm part alliance agree gm whose european operation lose money longer want unprofitable fiat unit report deadlocked talk send fi... |
bbc_business_079 | ID theft surge hits US consumers
Almost a quarter of a million US consumers complained of being targeted for identity theft in 2004, official figures suggest.
The Federal Trade Commission said two in five of the 635,173 reports it had from consumers concerned ID fraud. ID theft occurs when criminals use someone else'... | bbc_business_079 |@title id theft surge hit u consumer |@word almost quarter million u consumer complain target identity theft official figure suggest federal trade commission say two five report consumer concern id fraud id theft occur criminal use someone else personal information steal credit commit crime internet a... |
bbc_business_080 | Argentina, Venezuela in oil deal
Argentina and Venezuela have extended a food-for-oil deal, which helped the former to overcome a severe energy crisis last year.
Argentine President Nestor Kirchner and Venezuelan President Hugo Chavez signed the deal in Buenos Aires on Tuesday. Last April, Argentina signed a $240m ag... | bbc_business_080 |@title argentina venezuela oil deal |@word argentina venezuela extend food oil deal help former overcome severe energy crisis last year argentine president nestor kirchner venezuelan president hugo chavez sign deal buenos aire tuesday last april argentina sign agreement import venezuelan fuel exchange... |
bbc_business_081 | BMW to recall faulty diesel cars
BMW is to recall all cars equipped with a faulty diesel fuel-injection pump supplied by parts maker Robert Bosch.
The faulty part does not represent a safety risk and the recall only affects pumps made in December and January. BMW said that it was too early to say how many cars were a... | bbc_business_081 |@title bmw recall faulty diesel car |@word bmw recall car equip faulty diesel fuel injection pump supply part maker robert bosch faulty part represent safety risk recall affect pump make december january bmw say early say many car affected much recall would cost german company extend plan production b... |
bbc_business_082 | Takeover rumour lifts Exel shares
Shares in storage and delivery firm Exel closed up 9% at a two-and-a-half year high on Tuesday on speculation it is to receive an imminent takeover bid.
The talk in the City is that US giant United Parcel Services (UPS) is the most likely bidder for the firm. Yet other names mentione... | bbc_business_082 |@title takeover rumour lift exel share |@word share storage delivery firm exel close two half year high tuesday speculation receive imminent takeover bid talk city u giant united parcel service ups likely bidder firm yet name mention connection buying exel dhl owner deutsche post finance firm ge capit... |
bbc_business_083 | Yukos accused of lying to court
Russian oil firm Yukos lied to a US court in an attempt to stop the Russian government selling off its key production unit, the court has heard.
The unit, Yugansk, was sold to pay off a $27.5bn (£14.5bn) back tax bill. Yukos argued that since it had a US subsidiary and local bank accou... | bbc_business_083 |@title yukos accuse lie court |@word russian oil firm yukos lie u court attempt stop russian government sell key production unit court hear unit yugansk sell pay back tax bill yukos argue since u subsidiary local bank account u court could declare bankrupt stop auction yugansk deutsche bank target yuk... |
bbc_business_084 | Mexican in US send $16bn home
Mexican labourers living in the US sent a record $16.6bn (£8.82bn) home last year.
The Bank of Mexico said that remittances grew 24% last year and now represent the country's second-biggest source of income after oil. Better records and greater prosperity of Mexican expatriates in the US... | bbc_business_084 |@title mexican u send home |@word mexican labourer live u send record home last year bank mexico say remittance grow last year represent country second big source income oil better record great prosperity mexican expatriate u main reason behind increase million mexican live u million citizen mexican o... |
bbc_business_085 | Home loan approvals rising again
The number of mortgages approved in the UK has risen for the first time since May last year, according to lending figures from the Bank of England.
New loans in December rose to 83,000, slightly higher than November's nine-year low of 77,000. Mortgage lending rose by £7.1bn in Decembe... | bbc_business_085 |@title home loan approval rise |@word number mortgage approve uk rise first time since may last year accord lend figure bank england new loan december rise slightly high november nine year low mortgage lending rise december rise november figure contradict survey british banker association say approval... |
bbc_business_086 | Manufacturing recovery 'slowing'
UK manufacturing grew at its slowest pace in one-and-a-half years in January, according to a survey.
The Chartered Institute of Purchasing and Supply (CIPS) said its purchasing manager index (PMI) fell to 51.8 from a revised 53.3 in December. But, despite missing forecasts of 53.7, th... | bbc_business_086 |@title manufacture recovery slowing |@word uk manufacturing grow slow pace one half year january accord survey chartered institute purchasing supply cips say purchasing manager index pmi fell revise december despite miss forecast pmi number remain indicate expansion sector cips say strong pound dent e... |
bbc_business_087 | Worldcom boss 'left books alone'
Former Worldcom boss Bernie Ebbers, who is accused of overseeing an $11bn (£5.8bn) fraud, never made accounting decisions, a witness has told jurors.
David Myers made the comments under questioning by defence lawyers who have been arguing that Mr Ebbers was not responsible for Worldco... | bbc_business_087 |@title worldcom bos leave book alone |@word former worldcom bos bernie ebbers accuse oversee fraud never make accounting decision witness tell juror david myers make comment question defence lawyer argue mr ebbers responsible worldcom problem phone company collapse prosecutor claim loss hide protect f... |
bbc_business_088 | Metlife buys up Citigroup insurer
US banking giant Citigroup has sold its Travelers Life & Annuity insurance arm to Metlife for $11.5bn (£6.1bn).
The sale is a further move by Citigroup away from its 1990s strategy of offering every financial service - insurance, broking and banking. Profit growth in the insurance ma... | bbc_business_088 |@title metlife buy citigroup insurer |@word u bank giant citigroup sell traveler life annuity insurance arm metlife sale move citigroup away strategy offer every financial service insurance broking banking profit growth insurance market match expansion citigroup business metlife u lead insurance compa... |
bbc_business_089 | Europe blames US over weak dollar
European leaders have openly blamed the US for the sharp rise in the value of the euro.
US officials were talking up the dollar, they said, but failing to take action to back up their words. Meeting in Brussels, finance ministers of the 12 eurozone countries voiced their concern that... | bbc_business_089 |@title europe blame u weak dollar |@word european leader openly blame u sharp rise value euro u official talk dollar say fail take action back word meeting brussels finance minister eurozone country voice concern rise european currency harm export dollar within touch distance time low reach earlier no... |
bbc_business_090 | French wine gets 70m euro top-up
The French government is to hand its struggling wine industry 70m euros ($91m) in aid to help it battle falling sales and damaging overproduction.
The financial package is aimed at assisting vintners in financial trouble and improving how its wine is marketed. The French wine industry... | bbc_business_090 |@title french wine get euro top |@word french government hand struggle wine industry euros aid help battle fall sale damage overproduction financial package aim assist vintner financial trouble improve wine market french wine industry world second large hit decline consumption home grow popularity new... |
bbc_business_091 | Russia gets investment blessing
Soaring oil sales and a budget surplus mean Russian debt is no longer a risky investment, one of the world's leading credit rating agencies says.
Standard & Poor's has classed Russian bonds as "investment grade", up from their former "speculative" rating. Russia's reputation among inve... | bbc_business_091 |@title russia get investment blessing |@word soar oil sale budget surplus mean russian debt longer risky investment one world lead credit rating agency say standard poor class russian bond investment grade former speculative rating russia reputation among investor hurt recent month heavy tax bill asse... |
bbc_business_092 | Iranian MPs threaten mobile deal
Turkey's biggest private mobile firm could bail out of a $3bn ($1.6bn) deal to build a network in Iran after MPs there slashed its stake in the project.
Conservatives in parliament say Turkcell's stake in Irancell, the new network, should be cut from 70% to 49%. They have already give... | bbc_business_092 |@title iranian mp threaten mobile deal |@word turkey big private mobile firm could bail deal build network iran mp slash stake project conservatives parliament say turkcell stake irancell new network cut already give veto foreign investment deal follow allegation turkish firm involvement israel turkce... |
bbc_business_093 | Argentina closes $102.6bn debt swap
Argentina is set to close its $102.6bn (£53.51bn) debt restructuring offer for bondholders later on Friday, with the government hopeful that most creditors will accept the deal.
The estimated loss to bondholders is up to 70% of the original value of the bonds, yet the majority are ... | bbc_business_093 |@title argentina close debt swap |@word argentina set close debt restructuring offer bondholder later friday government hopeful creditor accept deal estimate loss bondholder original value bond yet majority expect accept government offer argentina default debt three year ago big sovereign default mode... |
bbc_business_094 | US economy shows solid GDP growth
The US economy has grown more than expected, expanding at an annual rate of 3.8% in the last quarter of 2004.
The gross domestic product figure was ahead of the 3.1% the government estimated a month ago. The rise reflects stronger spending by businesses on capital equipment and a sma... | bbc_business_094 |@title u economy show solid gdp growth |@word u economy grow expect expand annual rate last quarter gross domestic product figure ahead government estimate month ago rise reflect strong spending business capital equipment small expect trade deficit gdp measure country economic health reflect value goo... |
bbc_business_095 | Profits slide at India's Dr Reddy
Profits at Indian drugmaker Dr Reddy's fell 93% as research costs rose and sales flagged.
The firm said its profits were 40m rupees ($915,000; £486,000) for the three months to December on sales which fell 8% to 4.7bn rupees. Dr Reddy's has built its reputation on producing generic v... | bbc_business_095 |@title profit slide india dr reddy |@word profit indian drugmaker dr reddy fell research cost rise sale flag firm say profit rupee three month december sale fell rupee dr reddy build reputation produce generic version big name pharmaceutical product competition intensify firm company short new product... |
bbc_business_096 | Burren awarded Egyptian contracts
British energy firm Burren Energy has been awarded two potentially lucrative oil exploration contracts in Egypt.
The company successfully bid for the two contracts, granted by government owned oil firms, covering onshore and offshore areas in the Gulf of Suez. Burren Energy already h... | bbc_business_096 |@title burren award egyptian contract |@word british energy firm burren energy award two potentially lucrative oil exploration contract egypt company successfully bid two contract grant government oil firm cover onshore offshore area gulf suez burren energy already presence egypt award exploration con... |
bbc_business_097 | 'Strong dollar' call halts slide
The US dollar's slide against the euro and yen has halted after US Treasury Secretary John Snow said a strong dollar was "in America's interest".
But analysts said any gains are likely to be short-lived as problems with the US economy were still significant. They also pointed out that... | bbc_business_097 |@title strong dollar call halt slide |@word u dollar slide euro yen halt u treasury secretary john snow say strong dollar america interest analyst say gain likely short live problem u economy still significant also point positive comment apart president george bush administration little stop dollar sl... |
bbc_business_098 | IMF 'cuts' German growth estimate
The International Monetary Fund is to cut its 2005 growth forecast for the German economy from 1.8% to 0.8%, the Financial Times Deutschland reported.
The IMF will also reduce its growth estimate for the 12-member eurozone economy from 2.2% to 1.6%, the newspaper reported. The German... | bbc_business_098 |@title imf cut german growth estimate |@word international monetary fund cut growth forecast german economy financial time deutschland report imf also reduce growth estimate member eurozone economy newspaper report german economy falter unemployment level rise seventy year high million sluggish perfor... |
bbc_business_099 | GM, Ford cut output as sales fall
US car firms General Motors (GM) and Ford have been forced to cut production in the face of falling car sales.
US sales at GM sank 12.7% in February compared to a year ago while Ford sales dropped 3% as foreign rivals took a bigger share of the market. Meanwhile, Asian carmakers fare... | bbc_business_099 |@title gm ford cut output sale fall |@word u car firm general motor gm ford force cut production face fall car sale u sale gm sink february compare year ago ford sale drop foreign rival take big share market meanwhile asian carmaker fare well toyota sale jump rival nissan notch increase overall sale a... |
bbc_business_100 | Ebbers denies WorldCom fraud
Former WorldCom chief Bernie Ebbers has denied claims that he knew accountants were doctoring the books at the firm.
Speaking in court, Mr Ebbers rejected allegations he pressured ex-chief financial officer Scott Sullivan to falsify company financial statements. Mr Sullivan "made accounti... | bbc_business_100 |@title ebbers denies worldcom fraud |@word former worldcom chief bernie ebbers deny claim know accountant doctor book firm speaking court mr ebbers reject allegation pressure ex chief financial officer scott sullivan falsify company financial statement mr sullivan make accounting decision tell federal... |
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