Russia's second largest oil producer LUKOIL (LKOH.MM) reported a 63.9 percent rise in net income in the second quarter, below analysts' expectations. The company, in which U.S. oil major ConocoPhillips (COP.N) owns 20 percent, said net income to U.S. Generally Accepted Accounting Principles rose to $4.13 bln from $2.52 bln in the same period last
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LONDON, Aug 29 (Reuters) – Falling petrol prices, summer holidays and Britain's best Olympic medal tally in a century combined to give an unexpected lift to consumer morale in August, a survey showed on Friday. The figures will provide a glimmer of hope to Prime Minister Gordon Brown who plans to revive his flagging popularity
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Strong exports and consumer spending supported by government stimulus checks drove the U.S. economy up at a solid 3.3 percent annual rate in the second quarter, much faster than first thought, but growth is expected to flag as those factors fade. The U.S. Commerce Department on Thursday said consumer spending and net exports were more
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Asia stocks rallied on Friday, led by industrial companies and exporters, after a big upward revision to second quarter U.S. economic growth boosted the outlook for demand, but shares were down for a fourth month. The U.S. dollar slipped as oil prices climbed $1 as Tropical Storm Gustav with hurricane-force winds headed to the Gulf
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Cypriot football clubs, Omonia and APOEL of Nicosia, qualified to UEFA Cup's first round after knocking out Greek AEK and Serbia's Crvena Zvezda Belgrade (Red Star), sparking a continued round of celebrations, after Anorthosis Famagusta FC triumph to become the first Cypriot club to compete in the Champions League group stage. Omonia and APOEL will
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Marfin Popular Bank (CPB.CY) reported a 35.6% decrease in first half 2008 net profit to EUR 220.4 mln compared to EUR 342.1 mln a year ago in the same period, short of expectations of EUR 226 mln in profits. The Bank said that adjusted for exceptional income and profit from discontinued operations, net profits climbed
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On 30 August, it will become cheaper to make or receive calls while travelling in the EU. The price ceiling for roaming calls (the Eurotariff) introduced by the EU in 2007 will fall from €0.49 to €0.46 per minute (excluding VAT) for making a call and from €0.24 to €0.22 per minute (excluding VAT) for
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Cyprus will be participating in the crisis management exercise Evropi II 2008, organised by EU HELBROC battle group and supported by the EU. The exercise will be held from September 6 to 12 at the Askos Profitis exercise range within the Hellenic Republic. According to the Cypriot Ministry of Defence, the battle group will comprise
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Hellenic Bank (HB.CY) beat market forecasts delivering EUR 50.89 mln in first half 2008 profit compared to forecasts of EUR 48.9 mln, but down from EUR 70.16 mln a year ago. Profit before taxation for the first six months of 2008 amounted to EUR 56,5 mln compared to EUR 81,1 mln for the first six
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Weak UK housing and retail sales data knocked sterling to a 12-year low on Thursday, while oil prices edged up as Tropical Storm Gustav threatened to damage U.S. oil installations in the Gulf of Mexico. Stocks erased early losses and Wall Street was set for a steady open. The euro extended its rebound from Tuesday's
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