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Archive for May 15th, 2008Malaysian minister steps into airline price warPosted by UK Economy News
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15May 08 Malaysia's transport minister said Thursday he would try to resolve a cut-throat fare war between the national carrier and budget airline AirAsia, whose founder has complained of unfair competition.
Read full story Eurozone growth a silver lining but clouds remain, warn analystsPosted by UK Economy News
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15May 08 The eurozone economy burst out of the doldrums in the first quarter thanks to an astonishing boom in Germany, official figures showed Thursday, but analysts and officials warned storm clouds still hovered.
Read full story Comments Off French banks hit again by subprime losses, tighten beltsPosted by UK Economy News
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15May 08 French banks Credit Agricole and Natixis reported more heavy losses on Thursday as financial market turmoil mauled their business, forcing them to cut costs and raise cash to repair the damage.
Read full story Comments Off Ryanair launches holiday home letting Web sitePosted by UK Economy News
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15May 08 Europe's biggest low-cost airline Ryanair launched a Web site for holiday lettings on Thursday, providing a platform for owners to create and publish adverts for their properties and manage bookings.
Read full story Comments Off IMF chief says worst of financial crisis is overPosted by UK Economy News
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15May 08 The worst of the financial sector crisis is over although the impact on the broader economy will likely drag on in coming months, IMF Managing Director Dominique Strauss-Kahn said on Thursday.
Read full story Comments Off Billionaire Icahn launches bid to replace Yahoo boardPosted by UK Economy News
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15May 08 Billionaire corporate raider Carl Icahn announced a bid Thursday to unseat the board of Yahoo, saying the Internet firm had "completely botched" merger talks with Microsoft.
Read full story Comments Off Oil near $126 a barrel, eyes dollarPosted by UK Economy News
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15May 08 Oil rose on Thursday, boosted partly by weakness in the dollar versus the euro after strong economic growth data from France and Germany.
Read full story Comments Off DSGi turnaround fails to thrillPosted by UK Economy News
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15May 08 Electricals retailer DSG International on Thursday unveiled a plan to turn around the business after profit warnings, but analysts said it fell short of the steps needed and the shares dived 10 percent.
Read full story Comments Off British bank Barclays reports 1.0 billion-pound hit from credit squeezePosted by UK Economy News
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15May 08 Barclays, Britain's third-biggest bank, said on Thursday that first quarter profits fell after suffering a 1.0 billion-pound (1.25 billion-euro, 1.95 billion-dollar) hit from the global credit crunch.
Read full story Comments Off Brewer SABMiller cheers soaring profitsPosted by UK Economy News
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15May 08 Britain-based brewer SABMiller said Thursday that annual net profits jumped 22.6 percent as the group benefited from its strong brands and broad global footprint across emerging markets.
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