Tuesday, July 6, 2010

Hollingsworth Daily Post



  • A leading Libyan oil executive has said he will recommend that the country's sovereign wealth fund buys a stake in troubled oil giant BP.

  • The UK economy continued to grow in the second quarter of this year, according to a survey by the British Chambers of Commerce (BCC).

  • Mining groups Xstrata and Rio Tinto have said they will resume projects in Australia after a deal was agreed last week over controversial tax plans.

  • Leading Chinese shares have rebounded strongly after closing at a 15-month low on Monday, as investors await the details of a major share offering.

  • China is to build an $8bn oil refinery in Nigeria.

  • Greece's Finance Minister, George Papaconstantinou, has said the country cut its deficit by 42% this year.

  • A ballot of BT workers for strikes over pay has been cancelled following legal advice, according to the Communication Workers Union (CWU).

BBC Business News 6th July 2010

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