Archive for February 8th, 2008
Friday, February 8th, 2008
The Bank of England on Thursday cut interest rates by a quarter percentage point to 5.25 percent in an attempt to stimulate growth in the British economy.
This follows recent rate cuts by the U.S. Federal Reserve, which sliced rates ...
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Friday, February 8th, 2008
The London stock market slashed by midday on Thursday after the Bank of England's Monetary Policy committee cut interest rates to 5.25 from 5.5 percent.
The benchmark FTSE 100 index, which was down 44.8 points at the opening, shed 1 ...
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Friday, February 8th, 2008
The European Central Bank (ECB) left its benchmark interest rate unchanged at 4 percent on Thursday despite growing pressure for a rate cut.
Economists said the decision made by the 21-member governing council of the ECB signaled th ...
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Friday, February 8th, 2008
McDonald's Holdings Co. (Japan) Ltd. said Thursday its consolidated net profit in 2007 reached 7.82 billion yen (73.77 million U.S. dollars), up four times from the previous year.
The largest fast food chain in Japan marked a record ...
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Friday, February 8th, 2008
More than 100 listed companies on the First Section of the Tokyo Stock Exchange revised down their earnings forecast for fiscal 2007 ending March this year, due to U.S. economic slowdown, the yen's appreciation and other factors, local pres ...
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Friday, February 8th, 2008
U.S. telecoms firm 3P Networks has negotiated with the Cambodian government to buy up the rights to frequencies, enabling it to offer cutting-edge multimedia services for the country, said a press release received on Friday.
3P Netw ...
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Friday, February 8th, 2008
Kazakh Prime Minister Karim Masimov on Thursday ordered the suspension of all negotiations with foreign investors on exploiting mineral deposits in the country, the Kazakh Telegraph Agency reported.
Before a new tax law is enacted, ...
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Friday, February 8th, 2008
American scientists have succeeded in using bypass technique to restore movement in paralyzed rats, which they claimed is a breakthrough.
Using similar principles to heart bypass surgery, where veins from a patient's leg are used to ...
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