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Archive for April 27th, 2008Lula to rich nations: ‘Stop your hypocrisy,’ buy Brazil biofuelPosted by UK Economy News
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27Apr 08 Brazilian President Luiz Inacio Lula da Silva blasted wealthy nations for their punitive agricultural tariffs and urged them Sunday to "stop your hypocrisy" and start buying Brazilian biofuel.
Read full story Financial Times starts Middle East editionPosted by UK Economy News
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27Apr 08 The Financial Times plans to start a Middle East edition to serve what it sees as a growing demand for business news in the Gulf states and other parts of the region.
Read full story Comments Off Israeli restrictions hobble Palestinian economy: World BankPosted by UK Economy News
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27Apr 08 The World Bank predicted on Sunday that persistent Israeli restrictions on economic life in the Palestinian territories will lead to sluggish growth this year despite nearly 7.7 billion dollars in foreign aid.
Read full story Comments Off Food crisis: UN to reveal battle planPosted by UK Economy News
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27Apr 08 United Nations Secretary General Ban Ki-moon was set Monday to lead a concerted effort by 27 key UN agencies to tackle the growing crisis caused by a worldwide sharp rise in basic foodstuff prices.
Read full story Comments Off North Sea oil pipeline closure sparks fuel panic in BritainPosted by UK Economy News
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27Apr 08 Britain on Sunday shut down a North Sea pipeline which supplies 40 percent of its oil and gas, sparking panic-buying of petrol after a strike at a major refinery.
Read full story Comments Off United in merger spotlight with US Air and ContinentalPosted by UK Economy News
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27Apr 08 United Airlines seems to be the prime mover in the next industry merger, and a decision could come soon as carriers are forced to consolidate for survival.
Read full story Comments Off The case against U.S. interest rate cutsPosted by UK Economy News
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27Apr 08 If the U.S. Federal Reserve wants to restrain oil and food prices and help downtrodden consumers, the best thing it can do is stop cutting interest rates.
Read full story Comments Off Deutsche Bank planning major capital increase: reportPosted by UK Economy News
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27Apr 08 Deutsche Bank, the biggest German bank, is planning a capital increase to raise up to 17 billion euros (27 billion dollars), news weekly Der Spiegel reported in its Monday issue.
Read full story Comments Off Fed may be near end of rate-cut cycle: analystsPosted by UK Economy News
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27Apr 08 Even as an economic storm intensifies, the US Federal Reserve is likely near the end of its interest rate-cutting cycle with policymakers awaiting the impact of a massive stimulus in the pipeline, analysts say.
Read full story Comments Off Mortgage lender HBOS may launch rights issuePosted by UK Economy News
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27Apr 08 The board of HBOS, Britain's biggest mortgage lender, will meet Monday to discuss a possible multi-billion pound rights issue due to the international credit crunch, media reported Sunday.
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