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Archive for March 21st, 2008IMF increases scrutiny of sovereign wealth fundsPosted by UK Economy News
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21Mar 08 The International Monetary Fund signaled Friday that it was ratcheting up its scrutiny of sovereign wealth funds (SWFs) due to their rapidly growing financial clout.
Read full story Societe Generale vows vigorous challenge to US law suitPosted by UK Economy News
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21Mar 08 French bank Societe Generale vowed Friday to mount a "vigorous" challenge to a New York lawsuit accusing it of misleading investors and failing to clamp down on a rogue trader who ran up massive losses.
Read full story Comments Off Bear Stearns staff auction off teddies, T-shirts, memorabiliaPosted by UK Economy News
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21Mar 08 Bear Stearns' go-getting investment bankers used to chase million-dollar deals, but staff at the now hard up Wall Street bank have resorted to auctioning off Bear Stearns-branded memorabilia to raise funds.
Read full story Comments Off French regulator fines SocGen over internal system failingsPosted by UK Economy News
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21Mar 08 The French financial market regulator AMF said Friday it had fined French bank Societe Generale 300,000 euros (464,000 dollars) for failing to implement internal systems designed to prevent insider trading.
Read full story Comments Off America says the Doha round is not a ‘North-South’ matterPosted by UK Economy News
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21Mar 08 A White House economic affairs advisor said Friday that developing countries have more to gain than the rich north from the lower tariffs the United States is seeking in the Doha round of trade talks.
Read full story Comments Off Berlusconi says he would veto sale of Alitalia to Air France: reportPosted by UK Economy News
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21Mar 08 Italian conservative leader Silvio Berlusconi said on Friday he would veto a planned sale of loss-making Alitalia to Air France-KLM if he wins election in mid-April polls, the ANSA news agency reported.
Read full story Comments Off Starbucks ordered to pay back $100 mln in tips: courtPosted by UK Economy News
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21Mar 08 A San Diego judge on Thursday ordered coffee giant Starbucks to pay more than 100 million dollars in tips and interest owed to staff across outlets in California.
Read full story Comments Off Boeing conducts redesign on key Dreamliner segmentPosted by UK Economy News
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21Mar 08 US aircraft maker Boeing has said it has carried out a redesign on a key part of the structure of its new Dreamliner 787 jet where wings are attached to the aircraft.
Read full story Comments Off Lufthansa pays out for Swiss shareholdersPosted by UK Economy News
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21Mar 08 Shareholders in Swiss, who offloaded the loss-making airline to German carrier Lufthansa in 2005, will now get some return on their investment, the two companies said on Friday.
Read full story Comments Off Tyre prices for new cars to be indexed against oil: MichelinPosted by UK Economy News
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21Mar 08 Michelin, one of the world's leading tyre makers, on Friday hiked prices and said that from now its charges for auto manufacturers would be indexed against the cost of oil.
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