ECONOMIC 'Shorts' 15.4.09
TELEGRAPH
=Obama's economic optimism falls on deaf ears
America made a renewed attempt to talk up its flagging economy on
Tuesday despite a raft of disappointing economic data.
=A Chrysler and General Motors merger would see the US car industry
regain its mojo
The US government is pressuring the creditors of General Motors and
Chrysler to help the carmakers return to health by swapping debt for
equity
FINANCIAL TIMES
=UBS to cut 11% of global workforce
UBS on Wednesday confirmed investors' worst fears with further heavy
losses in the first quarter and a cull of more than 11 per cent of
the Swiss banking group's global workforce.
=UK pension deficit hits £250bn
Drop in gilt yields drives record shortfall
=Passenger numbers fall at UK airports
BAA reports 11.3% fall in traffic
.BA expects loss as premium traffic dries up
TIMES
=Lenders accused of dirty mortgage tricks
Complaints over Halifax after claims properties undervalued for
remortgage, pushing customers into more expensive deals
BBC ONLINE
=Oil weak as demand fears remain
The price of oil falls for a third day to just above $49 a barrel, as
a drop in US retail sales renews fears of falling demand.
Wednesday, 15 April 2009
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