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Stories for August 8th 2008

• Friday, August 8th 2008 - 21:00 UTC

  UK banks perform poorly and anticipate tougher times ahead

  

  Royal Bank of Scotland (RBS) has posted a pre-tax loss of £691m during the first six months of 2008, the second-biggest loss in UK banking history.

• Friday, August 8th 2008 - 21:00 UTC

  Marsans Aerolineas stands on purchase order of 61 Airbus

  

  Spain's Marsans is forging ahead with its purchase of 61 Airbus planes despite the looming sale of its subsidiary Aerolineas Argentinas, which was due to take around 40 of the aircraft, a spokesman for the travel firm said on Friday according to press reports from Spain.

• Friday, August 8th 2008 - 21:00 UTC

  Argentine bond spreads at their highest since 2005

  

  Argentina's government bond spreads', which gauge investors' aversion to risk, widened sharply on Friday as confidence in the economic outlook and the political management of the country began to be questioned.