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Archive for April 13th, 2008World economic leaders act to counter financial, food crisesPosted by UK Economy News
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13Apr 08 World economic leaders here this weekend took steps to alleviate the worst financial shock in decades and a food price crisis that is sparking deadly unrest in developing countries.
Read full story Delta, Northwest to announce merger: reportPosted by UK Economy News
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13Apr 08 Delta Air Lines and Northwest Airlines this week are expected to announce a long-anticipated merger, The Wall Street Journal reported Sunday.
Read full story Comments Off World Bank backs ‘New Deal’ for poor, hungryPosted by UK Economy News
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13Apr 08 The World Bank on Sunday launched a "New Deal" to fight hunger and poverty and urged governments to take action against a food crisis that has sparked deadly unrest in developing countries.
Read full story Comments Off 100 million people at greater risk due to rising food costs: WBPosted by UK Economy News
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13Apr 08 A doubling of food prices over the past three years could push 100 million people in poorer developing countries further into poverty and governments must step in to tackle the issue, World Bank president Robert Zoellick said on Sunday.
Read full story Comments Off Top supervisor says party’s over for banksPosted by UK Economy News
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13Apr 08 Banks will have to accept that regulators demand higher capital provisioning for risk in response to the latest crisis in financial markets, the head of the Basel Committee of bank supervisors said on Sunday.
Read full story Comments Off World leaders show unity as credit crisis drags onPosted by UK Economy News
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13Apr 08 World finance leaders concluded a whirlwind weekend with a new plan to clean up banks and fresh resolve to rein in foreign exchange markets, but little hope that the credit crisis was nearing an end.
Read full story Comments Off Higher commodity prices help developing countries: PaulsonPosted by UK Economy News
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13Apr 08 Developing countries have benefited greatly from higher commodity prices in past years and chalked up unparalleled growth rates above six percent, US Treasury Secretary Henry Paulson said Sunday.
Read full story Comments Off Jordan to develop Aqaba port in 5 bln dlr deal: reportPosted by UK Economy News
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13Apr 08 The Jordanian government has signed a five-billion-dollar deal with a United Arab Emirates firm to develop the kingdom's sole Red Sea port of Aqaba, the local press reported on Sunday.
Read full story Comments Off SKorea MPs urged to quickly pass free trade pact with USPosted by UK Economy News
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13Apr 08 South Korean President Lee Myung-Bak Sunday urged legislators to quickly pass a sweeping free trade agreement with the United States, to set an example for Congress.
Read full story Comments Off Chiefs urge IMF to sharpen crisis radarPosted by UK Economy News
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13Apr 08 Financial leaders on Saturday urged the International Monetary Fund to sharpen its oversight of the global economy, which is burdened by surging food prices and a credit crisis that shows no end in sight.
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