Archive for April 14th, 2008



The dollar fell against the euro Monday despite a slightly stronger-than-expected US retail sales report and despite news that eurozone industrial output was slowing.
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British Airways chief executive Willie Walsh said Monday he had "no intention" of resigning over the disastrous opening of London Heathrow airport's new Terminal 5.
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EU agriculture ministers faced pressure on Monday to ramp up farm output in the face of dire warnings that soaring global food prices could drive 100 million people in poor countries deeper into poverty.
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The cost of goods leaving British factories leapt in March by the largest amount since 1991 owing to higher taxes and prices for raw materials, official data showed on Monday.
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Brazilian oil group Petrobras has awarded the Norwegian oil services companies Seadrill and MPF two contracts that could be worth more than 5.0 billion dollars (3.2 billion euros), Seadrill and MPF said on Monday.
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Japan and the Association of Southeast Asian Nations said Monday they had finished signing a deal to tear down trade barriers between the world's second-largest economy and the 10-member bloc.
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Siemens wins UK power contract

Posted by UK Economy News
In UK financial news
14Apr 08

German industrial conglomerate Siemens has won a 665 million-pound order to build and service a combined-cycle power plant in Wales, for which it was the preferred bidder.
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Oil prices easier below 110 dollars

Posted by UK Economy News
In UK financial news
14Apr 08

Oil prices eased from recent highs in Asian trade on Monday after international finance ministers warned that near-term global economic prospects have weakened.
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Philips Electronics reported a bigger-than-expected 28 percent drop in quarterly core profit on Monday, as its television business sank deeper into the red, and warned it expected some developed economies to slow.
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East Asia's Islamic banking industry needs more support from regulators if it is to grow significantly, Moody's Investors Service said Monday.
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