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Archive for March 9th, 2008US opens probe into Countrywide Financial: reportPosted by UK Economy News
In UK financial news
9Mar 08 Federal authorities have launched an investigation into Countrywide Financial, the country's largest mortgage lender, for suspected securities fraud, US media reported on Sunday.
Read full story German rail strike off: Deutsche Bahn chiefPosted by UK Economy News
In UK financial news
9Mar 08 German state-owned rail operator Deutsche Bahn said Sunday a marathon labour dispute with train drivers had been resolved and a planned nationwide strike this week averted.
Read full story Comments Off VT’s Lester seen favourite for BAE top jobPosted by UK Economy News
In UK financial news
9Mar 08 Paul Lester, Chief Executive of VT Group , is emerging as the frontrunner to become the new chief executive of Europe's biggest defence company, BAE Systems Plc , the Sunday Times reported.
Read full story Comments Off Logitech says any Microsoft bid “without sense”Posted by UK Economy News
In UK financial news
9Mar 08 Any takeover bid for peripherals maker Logitech International SA by Microsoft Corp would be "an operation without sense", Logitech's chairman was quoted as saying in an Italian newspaper on Sunday.
Read full story Comments Off Zimbabwe passes law to give locals lion’s share in firms: reportPosted by UK Economy News
In UK financial news
9Mar 08 Zimbabwe President Robert Mugabe, facing elections this month, has approved legislation ensuring the country's black population gets a majority stake in public-owned firms, a state newspaper reported Sunday.
Read full story Comments Off Russia-Ukraine gas war rumbles on: analystsPosted by UK Economy News
In UK financial news
9Mar 08 Russia's decision to back down and restore gas deliveries to its western neighbour Ukraine last week may not have ended the threat to reliable European energy supplies, analysts say.
Read full story Comments Off Honda to build 485-million-dollar factory in Japan: reportPosted by UK Economy News
In UK financial news
9Mar 08 Honda Motor Co. will spend 485 million dollars to build a new factory complex in Japan to produce small vehicles as consumers are shifting to less fuel-hungry models, a report said Sunday.
Read full story Comments Off China’s inflation likely hit 8.3 percent in February: bankPosted by UK Economy News
In UK financial news
9Mar 08 China's inflation likely hit a new 11-year high of 8.3 percent last month on the back of rising food prices, state media reported Sunday, triggering speculation of a modest hike in interest rates.
Read full story Comments Off China still likely to attract hot moneyPosted by UK Economy News
In UK financial news
9Mar 08 China's stock market may have come off the boil but hot money is still likely to be attracted by the country's appreciating currency and comparatively high interest rates, senior officials said.
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