Archive for May 13th, 2008


UBS makes investment bank appointments

Posted by UK Money News
In Uncategorized
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.
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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.
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Oil steadies near $124

Posted by UK Economy News
In Uncategorized
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.
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In Uncategorized
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.
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In Uncategorized
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.
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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.
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In Uncategorized
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.
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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.
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Dollar mixed before Bernanke speech

Posted by UK Economy News
In Uncategorized
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.
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Nissan Motor warns of sliding profits

Posted by UK Economy News
In Uncategorized
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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