Archive for September, 2010

AIG planning to repay US taxpayer

Bailed-out insurer AIG plans to move ahead with the process of paying back US taxpayer cash.

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HP names Apotheker as new chief

Computer maker Hewlett Packard (HP) names former SAP chief executive Leo Apotheker as its boss.

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Bail-out hammers Irish finances

The Irish Republic reveals that it now faces a huge budget deficit – 32% of GDP – after the latest bail-out of its struggling banks.

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BP boss expects new year dividend

BP may resume paying a dividend to shareholders in the new year, incoming chief executive Bob Dudley says.

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China issues US yuan bill warning

China warns that a US bill aimed at penalising it for currency manipulation could “harm relations” between the two countries.

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Lotus unveils five new sportscars

UK-based Lotus unveils five new sportscars at the Paris motor show which it hopes will mark a new beginning for the brand.

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US economic growth is revised up

The US economy grew at an annualised rate of 1.7% between April and June, figures show, up from a previous estimate of 1.6%.

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Moody’s adds to Spain downgrades

Spain loses its last triple-A credit rating with the major rating agencies, following a downgrade from Moody’s.

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Sudan moves to shore up currency

Sudan is to inject foreign currency into the market in a bid to shore up the Sudanese pound – which is wobbling over fears the south will vote to secede in January.

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Rolls-Royce’s chief set to retire

Rolls-Royce’s long-standing chief executive Sir John Rose announces he is to retire after 14 years in the top job.

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