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2009-04-16 13:17:41

The newest member of the Bank of England's Monetary Policy Committee, David Miles, says he sees signs of the beginning of the end of the global recession. Miles said he is not making a confident prediction about the end of the downturn, but that there have been indications that the British government's economic strategy has already begun showing positive results. It is early days but the early signs are that it's having an impact and the hope is this will have an impact on the cost of...

2009-03-24 21:51:00

VANCOUVER, March 24 /PRNewswire-FirstCall/ - Taseko Mines Limited (TSX: TKO; NYSE AMEX: TGB) ("Taseko" or the "Company") reports the results for the fifteen months ended December 31, 2008. Currency is Canadian dollars unless otherwise indicated. For the year ended December 31, 2008 the Company reports an operating profit of $56.5 million, before provisional pricing and inventory adjustments. Annual gross revenues(1) were $258.6 million from the sale of 77.9 million pounds of copper and 800...

2009-03-19 16:00:00

NYSE: TC TSX: TCM, TCM.WT Frankfurt: A6R TORONTO, March 19 /PRNewswire-FirstCall/ - - Record production of 26 million pounds Mo - Record revenues of $1.01 billion - Record cash flow from operations of $417.6 million - Record earning before special non-cash charges of $276.3 million Overview (all in U.S. dollars): - Mining operations continued to perform well in the fourth quarter of 2008 with total molybdenum production rising...

2009-02-26 08:00:00

NYSE-A:ROY TSX:IRC DENVER, CO, Feb. 26 /PRNewswire-FirstCall/ - International Royalty Corporation (NYSE Alternext US: ROY, TSX: IRC) (the "Company", or "IRC") today reported its fourth quarter and fiscal 2008 financial results. All figures are in United States dollars unless noted otherwise. Financial Highlights Royalty revenues for 2008 decreased 16% to $41.7 million, as compared to $49.9 million for 2007. Royalty revenues in the fourth quarter of 2008 were $9.0 million, compared to $12.7...

2009-02-24 12:41:00

SPOKANE VALLEY, WA, Feb. 24 /PRNewswire-FirstCall/ - Revett Minerals Inc. (RVM-TSX) ("Revett" or "the Company") is pleased to announce improved operations performance and year end reserves and resources from its Troy Mine. Operation Highlights -------------------- Revett achieved record production from its 70% held Troy Mine during 2008. All numbers presented below are on a 100% basis. - 2008 silver production of 1.2 million ounces and copper production of 9.8...

2009-02-04 14:46:04

A London restaurant said it has begun a monthlong promotion to allow customers to skip the bill and pay only what they feel their meal was worth. The Little Bay restaurant said all patrons who dine during the rest of February will be asked to pay whatever they consider to be a fair amount instead of receiving a bill, Sky News reported Wednesday. Little Bay owner Peter Ilic said the promotion is aimed at easing the stress of the economic downturn. Anything between a penny and 50 pounds ($72)...

2009-01-24 08:24:34

The British pound has fallen to its lowest level relative to the U.S. dollar since 1985 in the wake of statistics showing a shrinking economy, observers said. The pound sterling on Friday slid by more than three-quarters of a cent against the dollar to $1.3668, the lowest level in 24 years. Britain's Office for National Statistics announced the economy shrank by 1.5 percent in the final three months of 2008, putting the country officially in a recession, The Daily Telegraph reported. The...

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2009-01-23 07:00:00

A 1.5 percent slide in Britain's gross domestic product in the fourth quarter confirmed the wide belief that the U.K. economy is in a recession. A recession is technically defined as two consecutive quarters of economic contraction. In the third quarter, the British economy shrank by 0.6 percent, The Times of London reported Friday. The last British recession was in the 1990s. With the government figures officially out, the British pound fell to $1.355, the lowest exchange rate against the...

2009-01-20 10:17:04

Notable American investor Jim Rogers, co-founder of the Quantum Fund, said the British sterling, plunging in value, was a lost cause. I would urge you to sell any sterling you might have. It's finished, Rogers said, The Times of London reported Tuesday. I hate to say it, but I would not put any money in the UK, he said. The pound fell more than 2 and a half cents Monday, reaching $1.4529, and dropped to $1.396 Tuesday morning, Ihe Times said. The decline has accelerated recently as the...

2009-01-13 12:00:44

Britain's trade gap grew to a record $12.1 billion in November, the government said Tuesday. The deficit jumped $1 billion from the October deficit of $11.1 billion, as the trade imbalance with non-European countries grew from $6.4 billion to $7.7 billion, also a record, The Times of London reported. Imports in November, excluding oil, shrank for the fourth consecutive month, dropping 1.8 percent. The widening gap shows the UK can't rely on the global economy or the fall in the pound to drag...


Word of the Day
attercop
  • A spider.
  • Figuratively, a peevish, testy, ill-natured person.
'Attercop' comes from the Old English 'atorcoppe,' where 'atter' means 'poison, venom' and‎ 'cop' means 'spider.' 'Coppa' is a derivative of 'cop,' top, summit, round head, or 'copp,' cup, vessel, which refers to 'the supposed venomous properties of spiders,' says the OED. 'Copp' is still found in the word 'cobweb.'
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