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Archive for April 1st, 2008Euro slips on weak eurozone dataPosted by UK Economy News
In UK financial news
1Apr 08 The European single currency slid against the dollar on Tuesday after weak economic releases in the eurozone, analysts said.
Read full story Deutsche Bank reveals more subprime-related writedownsPosted by UK Economy News
In UK financial news
1Apr 08 Deutsche Bank unveiled more asset writedowns linked to the international banking crisis on Tuesday, but the amount paled in comparison to one announced by Swiss bank UBS.
Read full story Comments Off IATA slashes air industry profit forecast againPosted by UK Economy News
In UK financial news
1Apr 08 The International Air Transport Association (IATA) on Tuesday cut its profit forecast for the airline industry for the second time in four months due to rising oil prices and deepening global economic gloom.
Read full story Comments Off UBS and Deutsche losses mountPosted by UK Economy News
In UK financial news
1Apr 08 UBS and Deutsche Bank took a $23 billion (11.6 billion pounds) hit on their risky assets and the Swiss bank asked investors for more cash on Tuesday, but Europe's bank shares rallied on hopes that the end of another torrid quarter could mark a turning point.
Read full story Comments Off Regulator raps EADS over insider tradingPosted by UK Economy News
In UK financial news
1Apr 08 French regulators recommended on Tuesday that executives at Airbus and parent EADS face insider trading penalties linked to costly delays of the A380 superjumbo and said the company had misled markets.
Read full story Comments Off Deutsche Bank hit by writedowns as crisis worsensPosted by UK Economy News
In UK financial news
1Apr 08 Deutsche Bank more than doubled writedowns in the wake of the global credit crisis, casting a pall over the prospects for the bank that had been seen as little affected by the melt-down.
Read full story Comments Off Eurozone official unemployment rate steady at record low 7.1 pctPosted by UK Economy News
In UK financial news
1Apr 08 Unemployment in the 15 nations sharing the euro held steady in February at a record low point of 7.1 percent despite slowing economic activity, official European Union data showed on Tuesday.
Read full story Comments Off German unemployment rate falls to 8.4 percent: official dataPosted by UK Economy News
In UK financial news
1Apr 08 The number of unemployed in Germany fell by 110,000 to 3.5 million people in March owing to improving economic conditions and seasonal effects, the national labour office said on Tuesday.
Read full story Comments Off FACTBOX-Write-downs and losses at major global banksPosted by UK Economy News
In UK financial news
1Apr 08 (Reuters) - UBS AG doubled its writedowns from the subprime crisis on Tuesday, making it the bank with the biggest total writedown, and asked shareholders for more emergency capital.
Read full story Comments Off Report says Shell joins Rosneft JV in China refinery planPosted by UK Economy News
In UK financial news
1Apr 08 Royal Dutch Shell will join a Chinese joint venture between the country's state oil major and Russian oil firm Rosneft , Interfax news agency reported on Tuesday.
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