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Archive for July 12th, 2008IndyMac bank seized by US amid intensifying crisisPosted by UK Economy News
In UK financial news
12Jul 08 Federally-seized IndyMac Bank was due to reopen Monday after suffering one of the biggest bank closures in US history, as the troubled US mortgage industry struggles to stem further meltdown.
Read full story Bombardier may unveil ‘greener’ aircraft at British show: reportPosted by UK Economy News
In UK financial news
12Jul 08 Canada's aviation giant Bombardier could unveil its CSeries, a fuel-sipping would-be "greener" rival to smaller aircraft made by industry leaders Airbus and Boeing, on Sunday in Britain, La Presse reported Saturday.
Read full story Comments Off Crisis in French oyster industryPosted by UK Economy News
In UK financial news
12Jul 08 France's shellfish industry is facing its worst crisis in 40 years after stocks of young oysters have been decimated by a mystery ailment.
Read full story Comments Off Siemens planning wage cuts as well as job cuts: reportPosted by UK Economy News
In UK financial news
12Jul 08 German industrial giant Siemens, which has announced plans to cut 16,750 jobs, is also planning to cut the wages of hundreds of employees, Der Spiegel reported Saturday.
Read full story Comments Off Bombardier grabs stage at air showPosted by UK Economy News
In UK financial news
12Jul 08 Bombardier has called a news conference for Sunday amid speculation the Canadian firm could announce the long-awaited launch of its CSeries jet.
Read full story Comments Off Russia’s Sukhoi to unveil 30 Superjet ordersPosted by UK Economy News
In UK financial news
12Jul 08 Russia's Sukhoi will announce 30 orders for its Superjet 100 regional aircraft at the Farnborough air show, a spokeswoman said on Saturday.
Read full story Comments Off US puts off greenhouse gas regulationPosted by UK Economy News
In UK financial news
12Jul 08 Environmentalists are seething after the administration of US President George W. Bush delayed any decision on regulating greenhouse gases, likely leaving any substantive action to his successor.
Read full story Comments Off Russia says happy to hold U.S. agencies debtPosted by UK Economy News
In UK financial news
12Jul 08 Russia, a holder of about $100 billion (50.2 billion pounds) in U.S. agencies' debt, including securities of Fannie Mae and Freddie Mac , said on Saturday it was happy to hold the debt and had no immediate plans to reallocate.
Read full story Comments Off Bush urges more oil explorationPosted by UK Economy News
In UK financial news
12Jul 08 Faced with skyrocketing gasoline prices, US President George W. Bush called Saturday for more oil exploration in US territory -- and blamed Democratic-controlled Congress for lack of action on the issue.
Read full story Comments Off Iran confirms Total’s withdrawal from gas projectPosted by UK Economy News
In UK financial news
12Jul 08 Iran's oil minister confirmed on Saturday that French energy giant Total has dropped out of a multi-billion-dollar gas investment in the Islamic republic, the state broadcaster reported.
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