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Archive for April 11th, 2008GE profit takes hit from economic, market turmoilPosted by UK Economy News
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11Apr 08 General Electric said Friday its profits took a hit from global credit market turmoil and downgraded its outlook ahead, heightening fears for a struggling US economy.
Read full story G7 finance chiefs tackle global financial crisisPosted by UK Economy News
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11Apr 08 Group of Seven finance chiefs were meeting Friday to tackle a financial market crisis, a slumping global economy and rising inflation, amid calls for action to prevent any repetition.
Read full story Comments Off IMF must boost developed world oversight after crisis: G24Posted by UK Economy News
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11Apr 08 Current global financial market turmoil represents an "unprecedented crisis" caused by regulatory failures that the developed world needs to put right, the G24 developing nations said Friday.
Read full story Comments Off GE results slam marketsPosted by UK Economy News
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11Apr 08 Wall Street stocks skidded on Friday after disappointing earnings at General Electric Co jolted investors who had hoped a U.S. slowdown would be mild and sent them scurrying to the safety of government debt.
Read full story Comments Off Euro moving too much against dollar: EU CommissionerPosted by UK Economy News
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11Apr 08 The euro has risen too high against the dollar, EU's Monetary Policy Commissioner Joaquin Almunia said Friday, voicing fears that it could keep climbing.
Read full story Comments Off G7 statement will be ’slightly more negative’ about US: sourcePosted by UK Economy News
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11Apr 08 The Group of Seven finance ministers meeting here on Friday will issue a "slightly more negative" statement about the US economy than they did at a February gathering but will not mention the possibility of a US recession, a source close to a delegation told AFP.
Read full story Comments Off Belgian railways orders Siemens trains worth 1.3 billion eurosPosted by UK Economy News
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11Apr 08 Belgium's public railway company SNCB announced Friday it had decided to order 305 electric passenger trains from Germany's Siemens worth 1.3 billion euros (two billion dollars).
Read full story Comments Off Romanian car workers end strike after new management offerPosted by UK Economy News
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11Apr 08 Workers at French-owned Romanian car plant Dacia called off a strike of more than two weeks Friday after accepting a new pay offer, a management spokesman said.
Read full story Comments Off Study says H&M Europe’s top retail brandPosted by UK Economy News
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11Apr 08 Swedish fashion chain Hennes & Mauritz has emerged as the top performing European retail brand with a value of 10.4 billion euros (8.34 billion pounds), according to research by brand consultancy Interbrand.
Read full story Comments Off G7 text to be slightly more negative on U.S.Posted by UK Economy News
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11Apr 08 The Group of Seven industrialized nations will on Friday issue a statement that is slightly more downbeat on the U.S. economy than previously, a G7 source said on Friday.
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