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Archive for March 27th, 2008Clear Channel says US judge orders banks to fund buyoutPosted by UK Economy News
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27Mar 08 Clear Channel Communications said Thursday a US judge has barred a global group of major banks from backing out of a 19.5-billion-dollar private equity buyout of the radio and billboard giant.
Read full story Dollar sees respite as euro fever coolsPosted by UK Economy News
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27Mar 08 The dollar clawed back ground on Thursday against the euro and the yen as the market mulled whether the worst scenario for the greenback has already been priced in.
Read full story Comments Off US Army suspends suspect Afghan munitions dealPosted by UK Economy News
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27Mar 08 A defense contractor reportedly led by a 22-year-old has been suspended from doing business with the US government for allegedly supplying Afghan security forces with old Chinese-made munitions in violation of its contract and US law, officials said Thursday.
Read full story Comments Off German union threatens public sector strike after talks stallPosted by UK Economy News
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27Mar 08 German services union Verdi on Thursday threatened public sector strikes after it rejected a proposed wage deal for more than one million workers offered in arbitration.
Read full story Comments Off British Airways says sorry as chaos hits new airport terminalPosted by UK Economy News
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27Mar 08 The opening day of Heathrow airport's new Terminal Five descended into chaos Thursday, with flights cancelled, baggage delayed and long queues, while protestors rallied against further expansion.
Read full story Comments Off Japan, US and EU car manufacturing shifting to emerging nations: studyPosted by UK Economy News
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27Mar 08 Automobile production in Brazil, Russia, India and China will surpass that of North America, traditionally the world's largest car market, for the first time in 2008, a Canadian bank said Thursday.
Read full story Comments Off Royal Mail to close its final salary pension fundPosted by UK Economy News
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27Mar 08 Royal Mail said on Thursday that it would close its final salary pension scheme to new members from the end of this month.
Read full story Comments Off Dollar climbs, but confidence brittle, say analystsPosted by UK Economy News
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27Mar 08 The dollar clawed back ground on Thursday against the euro and the yen but confidence in the US currency remains weak, dealers said.
Read full story Comments Off Berlusconi keeps Italy guessing over consortium for Alitalia: mediaPosted by UK Economy News
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27Mar 08 Conservative leader Silvio Berlusconi kept Italy guessing on Thursday over the composition of an Italian consortium that could take over struggling Alitalia and so avoid its sale to Air France-KLM.
Read full story Comments Off Oil prices spike above 107 dollars on Iraq pipeline attackPosted by UK Economy News
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27Mar 08 Oil prices jumped above 107 dollars on Thursday as concerns about tight supplies were stoked by news that saboteurs had blown up an Iraqi export pipeline, traders said.
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