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Rate hike looms as inflation gathers pace

Strong rises in the cost of toys and games pushed the inflation rate up more than expected in August, reinforcing expectations that interest rates will rise again before the end of the year.

FTSE up on prospect of stable commodities

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The FTSE 100 reversed early losses on Tuesday as fresh tensions in the Middle East saw investors return to beleaguered mining stocks on the prospect of more stable commodity prices.

BAA Passenger Shortfall Following Tighter Security

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According to Airport operator BAA, there was a 0.3% increase in British passenger numbers in August. Following the plot to blow up airliners last month, BAA spent an additional 13 million pounds to introduce tighter security.
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UTV says outperforms rivals

Northern Irish broadcaster Ulster Television Plc, which has been in merger talks with Scottish based media company SMG Plc, said it had outperformed rivals during its first half.
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H&R Block cuts rates on tax refund loans

After a barrage of lawsuits accusing it of overcharging customers, H&R Block Inc. on Thursday said it will slash fees on loans to people waiting for tax refunds.
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Algeria unveils limits to foreign oil role

OPEC member Algeria unveiled long-awaited amendments to a reform of its hydrocarbon sector on Saturday that limit foreign participation in exploration and production and impose a windfall tax on surplus profits.
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Mishaps Lead to New Scrutiny for BP CEO

A series of scandals at oil giant BP Plc's U.S. operations, has shaken investors' faith in its head John Browne and prompted some to re-examine the record of a man often rated among the world's most respected CEOs.
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OFT criticised for LME ban

The Office of Fair Trading (OFT), Britain's competition watchdog, has been heavily criticised by an appeals tribunal for a ban it imposed on the London Metal Exchange extending trading hours.
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Tanigaki mum on topic of forex talks at G7

Japanese Finance Minister Sadakazu Tanigaki said on Friday that G7 financial heads would discuss exchange rates when they meet in Singapore on September 16, but he declined to say if the yen would be at the center of those talks.
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Watchdog takes on current account charges

The Office of Fair Trading will look at bank charges for customers who overdraw their accounts after winding up a months long probe into penalties for the late payment of credit card bills.
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World Bank sees offgrid energy projects a boon

Investments in offgrid energy generation projects are the quickest way to get electricity to the 1.6 billion people in the world without lights, a World Bank official said on Wednesday.
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Financial impact of Blair woes probably short-lived

The pound has fallen on uncertainty about Tony Blair's remaining tenure as British prime minister but any longer-term impact on UK assets should be short-lived if finance minister Gordon Brown replaces him.
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Carphone fined over insurance

Carphone Warehouse has been fined 245,000 pounds over failings in its sales of mobile insurance over the telephone.

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