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Archive for March 1st, 2008EADS deal shows better U.S.-Europe ties-SarkozyPosted by UK Economy News
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1Mar 08 French President Nicolas Sarkozy on Saturday hailed a big contract awarded by the United States Air Force to European aerospace group EADS and its U.S. partner as a sign of stronger U.S.-European relations.
Read full story Comments Off Air China parent places ad to plead with China Eastern on tie-upPosted by UK Economy News
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1Mar 08 The parent company of Air China used a newspaper advertisement Saturday to plead with the directors of China Eastern to review its rejection of a proposed alliance between the two carriers.
Read full story Comments Off Opposition to reject Muto nomination as BOJ head: reportsPosted by UK Economy News
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1Mar 08 Japan's largest opposition party is set to reject the government's plan to nominate deputy Bank of Japan governor Toshiro Muto as a new head of the central bank, reports said Saturday.
Read full story Comments Off China Minsheng gets green light to buy stake in US bank: reportPosted by UK Economy News
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1Mar 08 China Minsheng Bank has been given the green light by regulators to buy a stake in UCBH Holdings Inc, in the first strategic investment by a Chinese lender in a US bank, state media reported Saturday.
Read full story Comments Off Venezuela urges OPEC to study Exxon rowPosted by UK Economy News
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1Mar 08 Venezuela wants next week's OPEC meeting to discuss its escalating legal battle with Exxon Mobil , a Venezuelan official was reported by Algeria's official APS news agency as saying on Saturday.
Read full story Comments Off US lawmakers blast Boeing defense contract snubPosted by UK Economy News
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1Mar 08 US lawmakers have reacted angrily after the US military awarded a 35-billion-dollar aircraft deal to Europe's Northrop Grumman/EADS group, in a major blow to US manufacturers Boeing.
Read full story Comments Off Buffett faults housing crisis amid profitsPosted by UK Economy News
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1Mar 08 Warren Buffett concluded a highly profitable year for his Berkshire Hathaway with an admonition for lenders who fuelled the housing crisis and words of caution that Berkshire's own results might be less stellar than in 2007.
Read full story Comments Off Ukraine PM confident Russia won’t cut gasPosted by UK Economy News
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1Mar 08 Ukraine's prime minister, Yulia Tymoshenko, gave assurances Saturday that Russia would not go ahead with a threatened cut in gas supplies next week.
Read full story Comments Off Liechtenstein PM says supports banking reformPosted by UK Economy News
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1Mar 08 Liechtenstein, whose reputation has been sullied by a global tax evasion scandal, is ready to reform its banking system, Prime Minister Otmar Hasler said in an interview published Saturday.
Read full story Comments Off Italy investigates secret accounts in LiechtensteinPosted by UK Economy News
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1Mar 08 Rome magistrates have opened an investigation into some 400 Italians suspected of evading taxes by holding secret bank accounts in Liechtenstein, judicial sources said on Saturday.
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