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Archive for April 10th, 2008Fed chief says U.S. financial model can be fixedPosted by UK Economy News
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10Apr 08 Overseers of the U.S. and international financial system need to quickly put reforms in place to restore confidence in markets disrupted by a global credit crisis, Federal Reserve Chairman Ben Bernanke said on Thursday.
Read full story After new record low, dollar mixed as G7 meeting loomsPosted by UK Economy News
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10Apr 08 The dollar hit a new low against the euro before rebounding Thursday as traders mulled actions of the Bank of England and European Central Bank while bracing for a Group of Seven finance meeting.
Read full story Comments Off Microsoft seen as winner for YahooPosted by UK Economy News
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10Apr 08 Yahoo Inc may have played its top two cards by pulling out possible deals with AOL and Google, but it does not seem to have changed Wall Street's view that Microsoft will eventually win the takeover battle.
Read full story Comments Off Travel chaos as safety checks ground thousands of US flightsPosted by UK Economy News
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10Apr 08 Travel nightmares haunted would-be passengers Thursday as safety checks grounded thousands of US flights for the third straight day in the wake of a scandal over skipped aircraft inspections.
Read full story Comments Off Oil falls and U.S. stocks rally led by techPosted by UK Economy News
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10Apr 08 Oil prices fell from record highs and Wall Street stocks rose on Thursday in a tech-led rally prompted by a profit forecast at bellwether Apple as investors bet on an improving U.S. economy by year's end.
Read full story Comments Off Oil prices dip slightly from record highsPosted by UK Economy News
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10Apr 08 World oil prices eased slightly Thursday but held near record levels a day after striking record highs on heightened concerns about a weak US dollar and tight supplies.
Read full story Comments Off Squeezed by crisis, Americans spending lessPosted by UK Economy News
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10Apr 08 The housing downturn, a lack of once easy credit and rocketing gasoline prices sapped Americans' wallets and purses last month as retailers across the country reported lower sales Thursday.
Read full story Comments Off Strauss-Kahn pledges IMF role in financial crisisPosted by UK Economy News
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10Apr 08 IMF managing director Dominique Strauss-Kahn said Thursday the organization would play a key role in confronting a global financial crisis that is punishing the world economy.
Read full story Comments Off SEC says UK hedge fund defrauded U.S. mutual fundsPosted by UK Economy News
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10Apr 08 U.S. securities regulators filed a civil lawsuit against Headstart Advisers Ltd on Thursday, contending the British-based hedge fund defrauded U.S. mutual funds through improper trading several years ago.
Read full story Comments Off U.S. probes Roche, Novartis drugs on rare disorderPosted by UK Economy News
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10Apr 08 U.S. health regulators are investigating whether two transplant drugs made by Switzerland's Roche Holding AG and Novartis AG could be linked to a rare central nervous system disorder, the U.S. Food and Drug Administration said on Thursday.
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