Thursday, March 26, 2009

Some more great news from around the world

Kingfisher is to close a third of its B&Q stores in China after admitting expansion in the rapidly emerging country had been “too fast” and had left the do-it-yourself retailer with loss-making and oversized stores.

The index, compiled by the Italian economic research institute I.S.A.E., fell to 59.8 from 63.2 in February

n the two years 2009-10 and 2010-11, the government will probably have to raise £350bn That is more debt bequeathed to its successor than the total borrowed by successive rulers and governments of Britain between 1691 and 1997, the year Labour was elected.

Man Group, the world’s largest publicly-traded hedge fund manager, said fiscal year profit probably fell 43 per cent after a steep decline in assets under management.

The Irish Republic's economy has suffered its largest contraction in recent decades.

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