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Daily Market Update, Monday, November 08, 2010

Oil prices were up on Monday, registering a sixth consecutive increase, reaching a two-year peak above $87 per barrel, on worries regarding inflation following the monetary stimulus of the Federal Reserve Bank in order to sustain oil.

read more... 09/11/2010

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CEZ cuts investment by a fifth as prices fall

On Tuesday, Czech power group CEZ stated to have reduced the investments envisaged for 2010-2014 by 78 billion crowns ($4.41 billion), concentrating on its home market, mainly on its biggest acquirement project regarding the development of its Temelin nuclear power plant.

read more... 09/11/2010

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Italy is about to build its first nuclear plants

On Friday, Italy announced the establishment of a new nuclear safety agency as to reinstate the country's nuclear power, after it was rejected in 1987 after the Chernobyl disaster in Ukraine, being seen risky and pricey.

read more... 08/11/2010

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Daily Market Update, Friday, November 05, 2010

Oil decreased from a two-year high on Friday, but losses were limited by the new U.S. economic stimulus. At 11:28 GMT, U.S. crude futures dropped at $86.37 per barrel, while ICE Brent futures fell to $87.75 per barrel.

read more... 08/11/2010

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RWE debates with Government on new nuclear plants in UK.

German utility RWE will propose another offer concerning the construction of nuclear plants at its UK areas in Cumbria, after the government has classified some of its sites inappropriate.

read more... 05/11/2010

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