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Archive for May 13th, 2008UBS makes investment bank appointmentsPosted by UK Money News
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13May 08 Swiss-based bank UBS AG named Ian Gladman and Edouard de Vitry as co-heads of financial institutions (FIG) coverage for Europe, the Middle-East and Africa at its investment bank.
Read full story Comments Off US retail sales drop as Americans put brake on SUV purchasesPosted by UK Economy News
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13May 08 US retail sales declined 0.2 percent in April, as consumers put a brake on purchases of fuel-guzzling sport utility vehicles, a government report showed Tuesday.
Read full story Comments Off Oil steadies near $124Posted by UK Economy News
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13May 08 Oil steadied around $124 a barrel on Tuesday, weighed by a forecast for slower growth in world demand this year from the International Energy Agency.
Read full story Comments Off G4S upbeat but shares dip on placement movePosted by UK Economy News
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13May 08 Anglo-Danish security services firm G4S said on Tuesday its underlying performance was slightly ahead of management's expectations and that it was confident about its 2008 performance.
Read full story Comments Off Airbus announces new delays to A380 programmePosted by UK Economy News
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13May 08 European aviation giant Airbus admitted on Tuesday it would fall short of planned deliveries until 2010 of its troubled A380 superjumbo in a fresh setback for the world's biggest passenger jet.
Read full story Comments Off Financial conditions better, still far from normal: BernankePosted by UK Economy News
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13May 08 Federal Reserve chairman Ben Bernanke said Tuesday financial markets are still "far from normal" but have improved as a result of the extraordinary liquidity measures of the US and other central banks.
Read full story Comments Off Airbus announces new delays to A380 programmePosted by UK Economy News
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13May 08 European aviation giant Airbus admitted Tuesday it would fall short of planned deliveries this year and next of its troubled A380 superjumbo in a fresh setback for the world's biggest passenger jet.
Read full story Comments Off French bank Credit Agricole seeks six billion euros after subprime lossesPosted by UK Economy News
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13May 08 French banking giant Credit Agricole said on Tuesday it was seeking 5.9 billion euros (9.2 billion dollars) in fresh cash from shareholders after taking new charges of 1.2 billion euros for problems in the US subprime market.
Read full story Comments Off Dollar mixed before Bernanke speechPosted by UK Economy News
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13May 08 The dollar was up against the euro but down versus the yen Tuesday as the market awaited a speech by Federal Reserve chief Ben Bernanke for fresh leads on the health of the US economy, dealers said.
Read full story Comments Off Nissan Motor warns of sliding profitsPosted by UK Economy News
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13May 08 Japan's Nissan Motor Co. said Tuesday it expects net profit to tumble almost 30 percent this year due to sluggish sales in maturing markets, a stronger yen and high material costs.
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