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Pandit to lead Citigroup out of sub-prime plight (2898) |
| Citigroup, the world’s largest bank, yesterday promoted Vikram Pandit, a
former Morgan Stanley investment banker who joined just eight months ago, to
be its new chief executive follo... |
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Saudi royal Prince Bandar Bin Sultan's assets frozen (2536) |
| PRINCE Bandar Bin Sultan, the former Saudi Arabian ambassador to America, has been hit by a court order in effect freezing some of his US assets, as part of a class-action lawsuit over b... |
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Britain shivers as US hits recession (1297) |
| AMERICA’s economy is definitely in recession, economists say, amid growing
fears that the credit crunch is entering its most dangerous phase. |
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Super-rich snap up apartments in world's most expensive residential scheme (1185) |
| RECESSION, what recession? The super-rich are snapping up apartments at the
world's most expensive residential scheme at London’s One Hyde Park as if
they were going out of fashi... |
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House prices fall at fastest pace for a year (1087) |
| House prices in November fell by the worst monthly drop in nearly a year, new
data reveals today which will put pressure on the Bank of England to
announce an interest rate cut tomorrow. |
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Housebuilders dig in for deep freeze in residential property (993) |
| The slide in house prices is gathering pace, a survey suggests today, amid
signs that housebuilders are digging in for a prolonged residential property
freeze. Tulloch Homes, a medium-... |
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Phone giants line up for $17bn deal (763) |
| ONE of the Middle East’s biggest mobile-phone groups, Orascom Telecom, has been put up for sale in a move that could trigger a bidding war between Europe’s leading telephone ... |
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BA faces huge fine for misleading travellers (745) |
| <a href="http://travel.timesonline.co.uk/tol/life_and_style/travel/news/article3631601.ece">Video:
chaos on Terminal 5</a> | <... |
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US banks Citigroup and Merrill Lynch reveal fresh $15bn loss$ (744) |
| CITIGROUP and Merrill Lynch will heap further pain on Wall Street this week as
they reveal additional sub-prime write-downs totalling $15 billion ($£7.6
billion) or more. |
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Top economist says America could plunge into recession (719) |
| Losses arising from America’s housing recession could triple over the next few
years and they represent the greatest threat to growth in the United States,
one of the world’s l... |
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