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Archive for March 11th, 2008Boeing challenges US Air Force tanker contract awardPosted by UK Economy News
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11Mar 08 Boeing said Tuesday it filed a formal challenge to the US Air Force decision to award a 35-billion-dollar aerial refueling tanker contract to Northrop Grumman and its European partner EADS.
Read full story Fed pumps up liquidity with other central banks to ease crunchPosted by UK Economy News
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11Mar 08 The Federal Reserve, in a fresh effort to ease a global credit squeeze, moved in concert with other central banks to pump hundreds of billions of dollars of liquidity into stressed financial markets.
Read full story Comments Off Italian court throws out Air One case for Alitalia bid: reportsPosted by UK Economy News
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11Mar 08 A top court has thrown out Italian carrier Air One's suit to get takeover talks between troubled peer Alitalia and Air France-KLM suspended, Ansa and Radiocor news agencies reported Tuesday.
Read full story Comments Off Google closes DoubleClick mergerPosted by UK Economy News
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11Mar 08 Google closed its $3.1 billion (1.55 billion pound) acquisition of online ad delivery company DoubleClick on Tuesday, just hours after the deal won unconditional approval from the European Commission.
Read full story Comments Off Oil prices rocket close to 110 dollars a barrelPosted by UK Economy News
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11Mar 08 World oil prices continued their record charge Tuesday, rocketing close to 110 dollars amid lingering supply concerns and as the US dollar plumbed fresh lows against the euro.
Read full story Comments Off Oil peaks near $110 before easing on cenbank movesPosted by UK Economy News
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11Mar 08 Oil surged to a record near $110 a barrel on Tuesday before a liquidity injection by the U.S. Federal Reserve and other central banks pared gains.
Read full story Comments Off India’s Tata Motors says will raise 1 bln dollars to fund expansionPosted by UK Economy News
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11Mar 08 India's Tata Motors, expected to clinch a deal to buy luxury car brands Jaguar and Land Rover, said Tuesday it would raise up to one billion dollars by selling securities to fund its expansion drive.
Read full story Comments Off Central bank liquidity injection no cure for dollarPosted by UK Economy News
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11Mar 08 Steps by the Federal Reserve and other central banks to pump liquidity into stressed credit markets will temporarily help the ailing dollar, but not provide a long-term cure as risks of a U.S. recession mount.
Read full story Comments Off EU says probing Bratislava aid for RyanairPosted by UK Economy News
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11Mar 08 The European Commission said on Tuesday it was investigating an agreement on Irish low-cost carrier Ryanair's use of Slovakia's Bratislava airport on suspicion it may contain illegal state aid.
Read full story Comments Off Fed may increase new lending facility to aid marketsPosted by UK Economy News
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11Mar 08 The Federal Reserve may increase the size of its latest $200 billion (100 billion pound) lending facility, which staffers stressed was aimed at boosting financial market operations, not helping any particular firm or type of security.
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