Archive for January 5th, 2008



European Central Bank President Jean-Claude Trichet said Saturday that the bank was ready to act to control inflation -- five days ahead of an ECB decision on whether to hike eurozone interest rates.
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The Zambian government has awarded a 1.2 billion dollar crude oil deal to a Kuwait firm to supply over 1.4 million tonnes of oil to the southern African nation, an official said.
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The European aerospace giant EADS is facing new problems with its A400M military transport plane which could delay its maiden flight expected in July, a Germany weekly reported.
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Indian vehicle maker Mahindra and Mahindra may pull out of a joint venture with France's Renault and Japan's Nissan to build a one-billion-dollar car plant in India, media reports said Saturday.
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India's finance minister has called on banks to lower interest rates to keep Asia's third-largest economy expanding strongly amid fears aggressive monetary tightening could slow growth.
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Credit ratings agency Moody's says it may cut the ratings of Tata Motors if it buys Ford's Jaguar and Land Rover units, saying the acquisition could create "substantial" challenges for the Indian company.
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The future of ailing British bank Northern Rock -- including possible nationalisation -- is to be decided in the next six weeks, finance minister Alistair Darling said in an interview out Saturday.
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Credit ratings agency Moody's says it may cut the ratings of Tata Motors if it buys Ford's Jaguar and Land Rover units, saying the acquisition could create "substantial" challenges for the Indian company.
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The Asian Development Bank (ADB) is to lend and invest a total of 214 million dollars in China's airports, its first foray into the sector, the Manila-based financial institution announced Saturday.
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Russia's state-owned gas giant Gazprom is reportedly eyeing a "mindboggling" stake in Nigeria's energy reserves in a bid to trump US, Chinese and Indian interests.
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