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Archive for May 2nd, 2008Japan Airlines net profit twice as big as expectedPosted by UK Economy News
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2May 08 Japan Airlines said Friday its annual net profit was more than twice as large as expected after cost cuts helped Asia's largest carrier return to the black after two years of losses.
Read full story Oil falls from record highs as supply worries easePosted by UK Economy News
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2May 08 European oil prices fell from record levels over the week as Nigerian supply worries eased and North Sea production returned to normal rates.
Read full story Comments Off Euro tumbles under 1.54 dollarsPosted by UK Economy News
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2May 08 The European single currency sank under 1.54 dollars on Friday following a better-than-expected jobs report in the United States, analysts said.
Read full story Comments Off International air traffic continues to slow in March: IATAPosted by UK Economy News
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2May 08 International air traffic growth continued to slow in March as the industry was hit by soaring fuel costs and the global credit crunch, the International Air Transport Association said on Friday.
Read full story Comments Off Parmalat reaches deal on US class action suitPosted by UK Economy News
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2May 08 Failed Italian food giant Parmalat said on Friday it had reached a deal with investors who had filed a 'class action' suit against it in a US court.
Read full story Comments Off British house prices slide further in April: surveyPosted by UK Economy News
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2May 08 British house prices dropped 1.3 percent in April from March and also declined year-on-year for the first time in 12 years, the country's biggest provider of home loans, Halifax, said on Friday.
Read full story Comments Off Dollar dips against euro before jobs dataPosted by UK Economy News
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2May 08 The dollar dipped Friday against the euro as the markets awaited a vital US jobs report for fresh leads on the chances of further cuts to US interest rates, dealers said.
Read full story Comments Off RWE drops British Energy bidPosted by UK Economy News
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2May 08 German energy group RWE has abandoned plans to make an offer for British Energy amid signs that its preferred partner for a bid, Vattenfall, will drop out, a newspaper report said Friday.
Read full story Comments Off ING buys Citigroup pensions unit for 900 mln dlrsPosted by UK Economy News
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2May 08 Dutch banking and insurance group ING said Friday it woudl buy pension planner CitiStreet from US banking giant Citigroup and State Street Corp for 578 million euros (900 million dollars).
Read full story Comments Off Targeted chain says China anti-French boycott fizzling outPosted by UK Economy News
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2May 08 French retail giant Carrefour conducted business as usual in its many China stores Friday, after a May Day protest movement calling for a boycott fizzled out, store officials said.
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