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World Equity NewsEquities Org UKMortgages, insurance, and loans for the self-employed and students Equities Org equities news has moved! How to quickly sell your house London equity markets make small gains Eurofirst highest since May 2002 Eurofirst makes small gains as Xetra Dax down Eurofirst slightly higher as elections approach London strong on double witching hour NYSE sees little movement on investor caution European equities investors worried by elections NYSE equities down on economic data Nikkei down on post-election profit-taking Nikkei down on post-election profit-taking Economic concerns hit Eurofirst and Xetra Dax Japanese elections boost Tokyo indices Xetra Dax sees fall in Allianz Utilities focus on FTSE Dow Jones sees little movement Analysts suggest Katrina will stimulate economy Investors settled by Japanese polls Banking and utilities see gains on Eurofirst FTSE makes small gains on mergers Investors consider construction boom after hurricane Investors wait in Sunday's election Eurofirst drops from 38-month highs UK Equities down despite monetary policy decision London FTSE makes only small gains Investors consider Katrina economy impact FTSE gains to three-year high |
26/07/05Boeing confident on WTO case against AirbusOfficials of US aircraft manufacturer Boeing said on Tuesday that it believes it will win its World Trade Organization case charging the European Union of paying illegal subsidies to European aircraft maker Airbus, and that the WTO will make Airbus pay back the money that it has received from governments within the EU. Boeing claims it was this government assistance which allowed Airbus to overtake Boeing as the world’s biggest manufacturer of aircraft. Boeing is confident that Airbus will be required to repay the funds it received from the EU nations despite the fact that the WTO has only ruled once that an illegal subsidy be repaid, and that the order in that case was not complied with. Boeing officials said that the current case is different, insisting that it is not a question of the WTO simply telling the governments that had given the aid to Airbus that the help was illegal and that they should not to do it any more, but more a question of how the subsidies will be withdrawn. One possible way suggested by Boeing would be to convert the subsidies into normal market loans which Airbus would have to repay. Exacerbating the case is the fact that Airbus has already said it might look for help from France, Germany, Britain, and Spain to help it with its Airbus A380 aircraft, money that it would likely receive before the WTO makes a ruling in the case which, including appeals, will probably not be resolved for at least two years. Meanwhile, Airbus has countercharged Boeing with receiving government subsidies in the form of incentives from the state of Washington to keep their operations there as well as in the form of defense contracts from the US government. |
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