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Archive for April 10th, 2008US trade deficit jumps despite weak dollarPosted by UK Economy News
In UK financial news
10Apr 08 The weak dollar failed to improve the US trade picture as the deficit rose to 62.3 billion dollars in February from 59 billion a month earlier, the Commerce Department said Thursday.
Read full story Aer Lingus aircraft buy approvedPosted by UK Economy News
In UK financial news
10Apr 08 Aer Lingus shareholders on Thursday approved the purchase of 12 Airbus aircraft ordered last June, although Ryanair, which has a 29 percent stake in its fellow Irish carrier, voted against.
Read full story Comments Off After hitting record, euro weakens on comments by ECB headPosted by UK Economy News
In UK financial news
10Apr 08 The euro turned weaker against the dollar Thursday, after earlier soaring to a record high against the greenback, on comments by the head of European Central Bank signalling no imminent hike in eurozone interest rates.
Read full story Comments Off Topshop’s Green warns of “ugly” retail environmentPosted by UK Economy News
In UK financial news
10Apr 08 Philip Green, owner of Bhs and the Arcadia group and one of Britain's most successful retailers, warned on Thursday of an "ugly" trading climate with no sign of an improvement.
Read full story Comments Off Saipem says not planning any takeoversPosted by UK Economy News
In UK financial news
10Apr 08 Italian energy engineering and construction company Saipem said it is not planning to take part in a trend of industry consolidation as it believes it can achieve its growth plans without takeovers.
Read full story Comments Off Market reforms can’t wait for crisis to end: BernankePosted by UK Economy News
In UK financial news
10Apr 08 Federal Reserve chairman Ben Bernanke said Thursday the current financial crisis requires swift action to improve market regulation, endorsing a plan by a US task force.
Read full story Comments Off Reliance talking to oil majors on D6 blockPosted by UK Economy News
In UK financial news
10Apr 08 India's biggest listed firm Reliance Industries is in talks with several oil majors to sell up to 10 percent in its deep-water D6 block off India's east coast, two company sources said on Thursday.
Read full story Comments Off Rome to play ‘active role’ to woo Air France back to Alitalia talksPosted by UK Economy News
In UK financial news
10Apr 08 The Italian government pledged Thursday to take an "active role" in trying to convince Air France-KLM to reopen takeover talks with unions at the country's failing carrier Alitalia.
Read full story Comments Off ECB chief appeals for price, wage restraint, signals no rate cut soonPosted by UK Economy News
In UK financial news
10Apr 08 The head of the European Central Bank, Jean Claude Trichet, appealed for price and wage restraint Thursday, recalling "mass unemployment" after pay hikes years ago and signalling no change in ECB interest rates any time soon.
Read full story Comments Off Centrica needs tie-up to take over British EnergyPosted by UK Economy News
In UK financial news
10Apr 08 Centrica needs to partner up with EDF or RWE to buy British Energy far more than either of the much bigger foreign utility giants need it on their team.
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