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Saturday 20th of March 2010

News Tag: pledge

March 16, 2010

Kraft promises no further factory closures

by Kay Murchie
’Kraft
Marc Firestone, vice-president of US food giant, Kraft, has today appeared before MPs on the Business Select Committee and has apologised for the firm’s pledge to keep open Cadbury’s Keynsham factory. Mr Firestone was questioned by MP’s over the company’s takeover of Cadbury. Kraft completed its takeover of the 186-year-old iconic British confectioner on 2 February after a five-month battle. Kraft, which ...



Kraft VP to be questioned over Cadbury factory closure

by Kay Murchie
’Kraft
Marc Firestone, vice-president of US food giant, Kraft, will appear before MPs on the Business Select Committee today. Mr Firestone will be questioned by MP’s over the company’s takeover of Cadbury. Kraft completed its takeover of the 186-year-old iconic British confectioner on 2 February after a five-month battle. Earlier this month, the US food giant was investigated by the ...



February 24, 2010

Federal Reserve chairman pledges low interest rates for long-term

by Kay Murchie
Federal Reserve chairman pledges low interest rates for long-term
Chairman of the Federal Reserve Ben Bernanke has today said US interest rates will need to stay low in order to keep the economic recovery on track. In a testimony before Congress, Bernanke said there was a "nascent economic recovery" and said long-term recovery will depend on private sector’s demand for goods and services. Bernanke, who was recently awarded ...



February 12, 2010

IMF lends its support for Greece

by Kay Murchie
’IMF
The International Monetary Fund (IMF) has today pledged its support for Greece after yesterday’s declaration from the European Union, which will see the debt-stricken economy tackle its spiralling debts. “We stand willing and able to support Greece in ways that the Greek authorities think is appropriate," IMF First Deputy Managing Director John Lipsky told reporters on the sidelines of an international ...



January 14, 2010

Obama pledges to recoup losses for American taxpayers

by Kay Murchie
Obama pledges to recoup losses for American taxpayers
US President Barack Obama has pledged to repay taxpayers the losses they are owed from bailing out the banks as he criticised bankers for the "massive profits and obscene bonuses." The President said: "My commitment is to recover every single dime the American people are owed. "My determination to achieve this goal is only heightened when I see reports of ...



November 9, 2009

G20: Recovery dependent on policy support

by Kay Murchie
”G20:
A meeting of G20 finance ministers at St Andrews in Fife saw an agreement to maintain financial support until recovery is ensured. The agreement was reached following concerns over rising unemployment and unsteady growth which saw finance ministers from developing and rich countries vow to keep fiscal measures in place until global recovery is assured. The International Monetary Fund (IMF) also believes ...



December 3, 2008

Lloyds TSB pledge to help small businesses

by Kay Murchie
”Lloyds
Lloyds TSB has pledged to help its 600,000 small business customers by putting together a six-point 'charter' to help them weather the economic downturn. The bank has also confirmed it will pass on, in full, any further cuts in interest rates throughout the remainder of 2008 and the whole of 2009, the measures will benefit customers with turnover up to ...



November 24, 2008

RBS pledge to help SMEs

by Kay Murchie
”RBS
The Royal Bank of Scotland (RBS) has pledged to small and medium sized enterprises (SMEs) who are suffering as a result of the economic slump. Rising borrowing costs has had an affect on many firms and the new measures will see RBS freeze overdraft charges for its business customers for at least a year, commencing next Monday, December 1. Furthermore, it has pledged ...