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Archive for April 1st, 2008Dollar rides higher on positive US dataPosted by UK Economy News
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1Apr 08 The dollar gained against other major currencies on Tuesday after a surprisingly strong US manufacturing report, while the euro was hit by weak eurozone data, traders said.
Read full story US truck drivers stage strikes to protest high fuel costsPosted by UK Economy News
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1Apr 08 Frustrated independent truck drivers staged scattered strikes across the United States Tuesday to protest high fuel costs.
Read full story Comments Off Toyota says US sales slip 3.4 pct in MarchPosted by UK Economy News
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1Apr 08 Japanese auto giant Toyota on Tuesday said its sales in the United States slipped 3.4 percent in March, dragged down by falling demand for its luxury Lexus vehicles.
Read full story Comments Off IMF predicts US recession: reportPosted by UK Economy News
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1Apr 08 The International Monetary Fund will next week forecast that the US economy will go into recession this year, a German newspaper reported Tuesday, citing an upcoming report.
Read full story Comments Off Air France ready to reduce job cuts for Alitalia takeover: reportsPosted by UK Economy News
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1Apr 08 Air France-KLM is ready to reduce the number of job cuts at Italian flag carrier Alitalia from the 2,100 it initially wanted in an effort to get its takeover offer accepted, local reports said Tuesday.
Read full story Comments Off UBS world’s biggest subprime loser after fresh writedownsPosted by UK Economy News
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1Apr 08 Switzerland's biggest bank UBS unveiled massive new writedowns Tuesday and turned to its shareholders to prop up its capital base, as it became the bank worst-hit by the US subprime mortgage crisis.
Read full story Comments Off Lehman Bros. raises four bln dlrs in share salePosted by UK Economy News
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1Apr 08 Lehman Brothers, the Wall Street investment bank rumored to be in financial straits, on Tuesday said it had raised four billion dollars from a special share offering.
Read full story Comments Off Oil prices steady after slumpPosted by UK Economy News
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1Apr 08 World oil prices steadied on Tuesday, a day after tumbling by four dollars a barrel on worries about slowing demand for energy caused by a weaker global economy, analysts said.
Read full story Comments Off Microsoft not planning to up bid for Yahoo: reportPosted by UK Economy News
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1Apr 08 Microsoft is not planning to raise its 44.6-billion-dollar bid for Yahoo, the Wall Street Journal reported Tuesday.
Read full story Comments Off Eurozone manufacturing activity slows in March: surveyPosted by UK Economy News
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1Apr 08 Manufacturing activity in the 15 nations sharing the euro slowed in March to the lowest level since October, according to final results from a widely watched survey.
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