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Archive for January 17th, 2008IBM growth slower in AmericasPosted by UK Economy News
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17Jan 08 IBM said on Thursday that revenue from the Americas rose 5 percent, slower than other regions as overseas units showed the strongest gains, and said computer hardware sales declined.
Read full story GM expects ‘challenging’ year, vows to cut costsPosted by UK Economy News
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17Jan 08 General Motors Corp. said Thursday that it expects to face "challenging headwinds" in the coming 12 months, but the automaker's top executive said GM was driving home its turnaround plan.
Read full story Comments Off ECB reiterates rate hike warningPosted by UK Economy News
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17Jan 08 The European Central Bank issued another warning Thursday on eurozone inflation, calling for price and wage moderation and suggesting it would raise interest rates if necessary.
Read full story Comments Off Brewer S&N talks after bidders up offer againPosted by UK Economy News
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17Jan 08 Carlsberg and Heineken raised their bid for Scottish & Newcastle for a third time, persuading the country's biggest brewer to enter talks on a 7.8 billion pound takeover.
Read full story Comments Off Bernanke backs U.S. fiscal stimulus if quickPosted by UK Economy News
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17Jan 08 The chairman of the U.S. Federal Reserve on Thursday threw his weight behind proposals for near-term actions to stimulate economic growth to ward off an election-year recession, but warned such a plan could do more harm than good unless put together quickly.
Read full story Comments Off Renault to offer a ‘green’ Dacia Logan by 2010: reportPosted by UK Economy News
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17Jan 08 The French car maker Renault will market an environmentally friendly version of the low-cost Logan produced by its Romanian subsidiary Dacia, the head of Renault's German unit said Thursday.
Read full story Comments Off Slovakia geared for euro in spite of negative campaign, says prime ministerPosted by UK Economy News
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17Jan 08 Slovak Prime Minister Robert Fico said Thursday the country would meet the criteria for adopting the euro in early 2009, as he lashed out at a campaign against the move.
Read full story Comments Off Bernanke backs stimulus; White House seeks economic ‘boost’Posted by UK Economy News
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17Jan 08 Federal Reserve chairman Ben Bernanke on Thursday backed the idea of a temporary stimulus package to help lift up a sagging economy as the White House said an economic "boost" was needed.
Read full story Comments Off Dollar slips back after Bernanke, US housing figuresPosted by UK Economy News
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17Jan 08 The dollar fell back against the euro Thursday after US Federal Reserve Chairman Ben Bernanke voiced support for special measures to help bolster the troubled US economy, dealers said.
Read full story Comments Off US housing construction takes 27-year plungePosted by UK Economy News
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17Jan 08 The US homebuilding sector in 2007 collapsed in the sharpest decline in 27 years amid a persistent real-estate slump and tightened credit that has stoked fears of recession, government data showed Thursday.
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