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Archive for January 23rd, 2008EBay CEO Whitman to step down as of Mar 31Posted by UK Economy News
In UK financial news
23Jan 08 EBay Chief Executive Meg Whitman will step down at the end of March, to be replaced by John Donahoe, the head of its main online auction business, the company said on Wednesday.
Read full story Economic turmoil overshadows Davos partyPosted by UK Economy News
In UK financial news
23Jan 08 Talk of a US recession dominated the Davos gathering of the world's political and business elite Wednesday, with sharp criticism of the US Federal Reserve but disagreement over the dangers to the global economy.
Read full story Comments Off Bernanke in hot seat as market turmoil spikesPosted by UK Economy News
In UK financial news
23Jan 08 Federal Reserve chairman Ben Bernanke is facing the biggest challenge of his career amid fears the US economy is sinking into a recession, analysts say.
Read full story Comments Off Bush renews call for free trade pactsPosted by UK Economy News
In UK financial news
23Jan 08 US President George W. Bush on Wednesday harnessed worrisome economic "uncertainty" to make a fresh plea for lawmakers to approve stalled free trade pacts with Colombia, Panama, and South Korea.
Read full story Comments Off Eureko seeks 10 billion euro damages from Poland over PZUPosted by UK Economy News
In UK financial news
23Jan 08 Dutch financial group Eureko is seeking 36 billion zlotys (10 billion euros, 14.5 billion dollars) in damages from Poland in a dispute over Polish insurer PZU, a senior Polish minister said Wednesday.
Read full story Comments Off EU threatens trade partners over global warmingPosted by UK Economy News
In UK financial news
23Jan 08 The European Commission brandished the threat on Wednesday of imposing restrictions on imports from countries that fail to follow its lead in tackling global climate change.
Read full story Comments Off Kuwait’s NBK profit tops one billion dollars in 2007Posted by UK Economy News
In UK financial news
23Jan 08 The National Bank of Kuwait, the Gulf emirate's largest bank, said on Wednesday its net profits for 2007 topped one billion dollars for the first time.
Read full story Comments Off Stocks fall as recession fears rulePosted by UK Economy News
In UK financial news
23Jan 08 U.S. and European stocks slid on Wednesday, hammered by persistent worries about a U.S. recession, one day after the Federal Reserve's surprise interest rate cut boosted global markets.
Read full story Comments Off US drug giant Pfizer posts better-than-expected profitPosted by UK Economy News
In UK financial news
23Jan 08 US pharmaceutical giant Pfizer unveiled better-than-expected quarterly profits Wednesday, and top executives said a new lineup of drugs was performing well.
Read full story Comments Off EU sets emissions targets to fight climate changePosted by UK Economy News
In UK financial news
23Jan 08 The European Commission set targets Wednesday for EU member states to slash greenhouse gases, seeking to calm fears about the burden of fighting climate change and warning that the cost of dithering would be much higher.
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