IMAREX TANKER FUTURES 30 Jan 2008
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Action call over EU safety rules
SLOVENIA, holder of the rotating European Union presidency, says it wants to achieve agreement on two controversial maritime safety directives before the summer recess.

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Mortgage boss forfeits $37.5m
The boss of Countrywide Financial agrees not to take $37.5m owed to him following the bank’s takeover.

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FIS DRY BULK FFA PRICES 30 Jan 2008
For more information on routes or calculations please visit www.balticexchange.com

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SOUTH Tyneside College has launched a new course to hammer home the hazards of entering an enclosed space at sea, writes Felicity Landon.

SHIPPING faces an upsurge in port and onshore labour disputes amid the worst global financial crisis since 1929, according to niche marine mutual the Strike Club.

NEXT week?s critical stockholders? meeting at Oceanaut, the blank cheque company sponsored by Excel Maritime Carriers, has been cancelled ?in light of market conditions? which threaten to undermine its transformational deal for a fleet of bulk carriers.

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Price of litre of petrol tops 1 for first time in UK as oil surges on a North Sea storm. By Graeme Wearden.

The pound climbed to $2.10 for the first time since 1981 today, boosted by speculation that China was preparing to shift its foreign reserves out of dollars. By Graeme Wearden.

Market report: London shares resumed their downward trek today, knocked by volatile oil prices, a tumbling dollar, jitters around banks and more anxieties on Wall Street. By Katie Allen.

Virgin Media signals that era of upheaval marked by public rows with BSkyB is behind it as the cable TV company posts strongest customer growth in more than a year. By Katie Allen and Chris Tryhorn.

Henkel, the maker of Schwarzkopf hair products, plans to cut thousands of jobs when it completes its 2.7bn acquisition of ICI’s National Starch adhesives business early next year. By David Gow.

British bus and rail operator says soaring oil price forcing motorists out of their cars and on to public transport. By Dan Milmo.

Outlook at fashion chain Next ‘uncertain’ in run-up to Christmas, company warns. By Julia Finch.

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Bush set to focus on economy
The economy and Iraq are expected to dominate the US president’s final State of the Union address.

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Shares across the world fall sharply as fear grows of a widespread economic slowdown.

UK Prime Minister Gordon Brown calls for falls in the price of oil to be passed on to consumers ‘as quickly as possible’.

Finance minister from the Group of Seven rich countries will be meeting in Washington to discuss the credit crunch.

Russia’s lower house of parliament, the Duma, approves a raft of measures worth $86bn (51bn) to assist banks.

The International Monetary Fund (IMF) activates an emergency finance facility to help countries hit by the financial crisis.

US financial giant Citigroup says it will not seek to bar Wells Fargo from taking over troubled bank Wachovia.

Libya is to withdraw all its assets from Swiss banks in a row over the arrest of the Libyan leader’s youngest son.

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Price of litre of petrol tops 1 for first time in UK as oil surges on a North Sea storm. By Graeme Wearden.

The pound climbed to $2.10 for the first time since 1981 today, boosted by speculation that China was preparing to shift its foreign reserves out of dollars. By Graeme Wearden.

Market report: London shares resumed their downward trek today, knocked by volatile oil prices, a tumbling dollar, jitters around banks and more anxieties on Wall Street. By Katie Allen.

Virgin Media signals that era of upheaval marked by public rows with BSkyB is behind it as the cable TV company posts strongest customer growth in more than a year. By Katie Allen and Chris Tryhorn.

Henkel, the maker of Schwarzkopf hair products, plans to cut thousands of jobs when it completes its 2.7bn acquisition of ICI’s National Starch adhesives business early next year. By David Gow.

British bus and rail operator says soaring oil price forcing motorists out of their cars and on to public transport. By Dan Milmo.

Outlook at fashion chain Next ‘uncertain’ in run-up to Christmas, company warns. By Julia Finch.

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February start for Baltic tanker dollar rates
THE Baltic Exchange will begin showing the daily timecharter rates for two key tanker routes from February 4, writes Michelle Wiese Bockmann.

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