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Archive for February 4th, 2008Microsoft urges Yahoo to accept ‘generous’ takeover offerPosted by UK Economy News
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4Feb 08 Yahoo remained coy on Monday as Microsoft publicly touted the virtues of its 44.6-billion-dollar bid to take over the Internet firm and Google maneuvered behind the scenes to thwart it.
Read full story Bush proposes record 3.1-trillion-dollar budgetPosted by UK Economy News
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4Feb 08 US President George W. Bush on Monday unveiled a record 3.1-trillion-dollar budget for fiscal 2009 that widens the government deficit with an economic stimulus and expenditures for the war in Iraq.
Read full story Comments Off IMF warns India over capital controlsPosted by UK Economy News
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4Feb 08 The International Monetary Fund warned rapidly growing India Monday against tightening capital controls to curb swelling foreign investment inflows that have driven the rupee currency to near decade highs against the dollar.
Read full story Comments Off G7 to review efforts to stem possible US recessionPosted by UK Economy News
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4Feb 08 Group of Seven finance ministers and central bank governors will ask themselves this week whether recent actions to forestall a possible US recession have been enough, said a Canadian official.
Read full story Comments Off Surprise pullout narrows field to rescue Northern RockPosted by UK Economy News
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4Feb 08 Investment group Olivant announced a last-minute pullout Monday from the race to buy troubled British bank Northern Rock, unexpectedly narrowing the field to two bidders.
Read full story Comments Off France seeks stricter bank controls post-SocGenPosted by UK Economy News
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4Feb 08 France told its banks to get their houses in order on Monday in the wake of the 4.9 billion euro (3.6 billion pounds) rogue trading scandal at Societe Generale , for which it reserved particular criticism.
Read full story Comments Off Surprise pullout narrows field to rescue Northern RockPosted by UK Economy News
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4Feb 08 Investment group Olivant announced a last-minute pullout Monday from the race to buy troubled British bank Northern Rock, unexpectedly narrowing the field to two bidders.
Read full story Comments Off Pub firm Punch seeks merger with rival M&BPosted by UK Economy News
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4Feb 08 Punch Taverns unveiled a plan to merge with troubled rival Mitchells & Butlers Plc which would create a 3.7-billion-pound group owning one in six pubs in England and Wales.
Read full story Comments Off Treasury has no comment as Olivant quits Northern Rock racePosted by UK Economy News
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4Feb 08 The Treasury said it had no comment after investment firm Olivant announced on Monday it had quit the race to rescue embattled mortgage bank Northern Rock.
Read full story Comments Off Bush proposes record 3.1-trillion-dollar budgetPosted by UK Economy News
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4Feb 08 US President George W. Bush proposed Monday a record 3.1-trillion-dollar budget for fiscal 2009 that widens the government deficit with an economic stimulus and expenditures for the war in Iraq.
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