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Archive for March, 2008More flights cancelled as Heathrow bag mountain growsPosted by UK Economy News
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31Mar 08 British Airways Chief Executive Willie Walsh said Monday that he was "bitterly disappointed" that the airline's new flagship terminal at London Heathrow had not been as successful as expected.
Read full story US proposes broad reform of market oversightPosted by UK Economy News
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31Mar 08 The US administration Monday proposed a broad overhaul of financial market regulation in an effort to restore confidence in a system reeling from the subprime mortgage mayhem.
Read full story Comments Off FactboxPosted by UK Economy News
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31Mar 08 (Reuters) - Reaction from the U.S. presidential candidates and key lawmakers to the Bush administration proposals for broad reform of financial regulation.
Read full story Comments Off Oil drops $3 as Iraq restores output after bombingPosted by UK Economy News
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31Mar 08 Oil prices plunged more than $3 to $102 a barrel on Monday on expectations Iraqi oil flows disrupted by a bomb attack last week would be fully restored over the next day.
Read full story Comments Off Euro climbs against dollar after record eurozone inflationPosted by UK Economy News
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31Mar 08 The euro rose against the dollar on Monday on news that annual inflation in the eurozone had hit a record 3.5 percent in March, traders said.
Read full story Comments Off WTO rejects EU beef hormone ban but also raps US, CanadaPosted by UK Economy News
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31Mar 08 The World Trade Organisation on Monday ruled that the European Union, United States and Canada all failed to respect global trade rules in a long-running row over beef treated with growth hormones.
Read full story Comments Off Eurozone struggles to cope with ‘inflation spiral’Posted by UK Economy News
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31Mar 08 Consumer prices in the 15 nations sharing the euro surged in March to the highest level since the bloc was formed in 1999, official data showed Monday, fuelling concerns of an "inflation spiral."
Read full story Comments Off Oil prices rebound above 106 dollarsPosted by UK Economy News
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31Mar 08 Oil prices rallied above 106 dollars Monday, shaking off early losses caused by concerns over weak demand for crude in traditionally energy-hungry Japan and the United States, traders said.
Read full story Comments Off Anglo American buys Brazilian iron ore projects for 5.5 billion dollarsPosted by UK Economy News
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31Mar 08 Global mining giant Anglo American on Monday agreed to buy Brazilian iron ore interests for 5.5 billion dollars amid strong demand for steel, particularly from China, and record-high commodity prices.
Read full story Comments Off Iraq, Boeing sign 5.5 billion dollar aircraft dealPosted by UK Economy News
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31Mar 08 Iraq said on Monday it has signed a contract worth 5.5 billion dollars with Boeing to buy 40 new aircraft, with an option to purchase 15 more.
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