News Tag: pledge
March 16, 2010
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 promises no further factory closures
by Kay Murchie
Kraft VP to be questioned over Cadbury factory closure
by Kay Murchie
February 24, 2010
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 ...
Federal Reserve chairman pledges low interest rates for long-term
by Kay Murchie
February 12, 2010
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 ...
IMF lends its support for Greece
by Kay Murchie
January 14, 2010
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 ...
Obama pledges to recoup losses for American taxpayers
by Kay Murchie
November 9, 2009
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 ...
G20: Recovery dependent on policy support
by Kay Murchie
December 3, 2008
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 ...
Lloyds TSB pledge to help small businesses
by Kay Murchie
November 24, 2008
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 ...
RBS pledge to help SMEs
by Kay Murchie
