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Japan's growth is lower than reported earlier
Fri, 09 Dec 2011 06:58:26 GMT
 
Japan has revised its growth rate for the period between July and September down from 6% reported earlier to annual 5.6%. However, the figure still is above expectations of 5.2% annual >>
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European summit did not come to full agreement
Fri, 09 Dec 2011 06:56:51 GMT
 
The European summit failed to reach a full agreement among 27 members on the treaty changes that might help to combat the Europe's debt crisis by stricter fiscal policy. However, a number >>
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US Senate blocks proposal to extend payroll tax reduction
Fri, 09 Dec 2011 06:09:27 GMT
 
The US Senate blocked a Democrat's motion to prolong a workforce tax cut for employees in 2012 and compensating it by the cost by enforcing a 1.9% levy on revenue exceeding $1 million. >>
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Eurozone central banks may decide on loans worth $201bn via IMF
Fri, 09 Dec 2011 06:09:13 GMT
 
European officials could agree on 150 bn euros ($201 bn) channelled through IMF to provide fresh financing source to tackle crisis, told EU diplomat. Euro region governments expect during the summit to get an >>
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South Africa manufacturing output slows in October
Thu, 08 Dec 2011 20:28:43 GMT
 
South African production growth declined in October to 1% or significantly more than was previously predicted by economists. The deepening debt turmoil in Europe which accounts for about one third of South African >>
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Euro plunges on Draghi's claim
Thu, 08 Dec 2011 20:28:19 GMT
 
17-nation currency declined against Japanese yen reaching 3-week low as well as fell to a 1-month record low against greenback after ECB President Mario Draghi told he did not indicate bank's intervention by >>
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Japan wants to penalize Citigroup Inc
Thu, 08 Dec 2011 20:27:49 GMT
 
Japanese securities regulators are willing to punish Citigroup Inc for trying to manipulateTokyo interbank offered rate. Workers at Citigroup Japanese division pressed other financials to submit interest rates which would guarantee Tibor moved >>
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US stocks retreat on Drahi's comments
Thu, 08 Dec 2011 20:27:20 GMT
 
US stocks fell immediately after opening on Thursday, after ECB President Mario Draghi announced that bank won't purchase debt of troubled European countries. In New York morning trade Dow Jones Industrial Average lost >>
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Ford restores quarterly dividend
Thu, 08 Dec 2011 18:55:59 GMT
 
On Thursday Ford Motor Co announced it has re-established quarterly dividend. They dividend has been determined 5 cents per share payable due March 1 to equity holders registered as of January 31. >>
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Obama expresses anxiety regarding proceedings in Europe
Thu, 08 Dec 2011 18:55:19 GMT
 
President Obama in his Thursday speech expressed worries about situation in Europe. Obama told he supported Sarkozy's and Merkel's idea to make stronger fiscal ties across Europe; however, the President emphasized fiscal union >>
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Draghi reminds that EU treaty does not allow monetary financing
Thu, 08 Dec 2011 18:54:24 GMT
 
On Thursday's conference in Frankfurt ECB President Mario Draghi was questioned why the bank does not expand its bond purchase program. Draghi reminded journalists that European Union accord forbids monetary financing. He also >>
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European Union banks to raise extra capital
Thu, 08 Dec 2011 18:53:49 GMT
 
According to region regulators' documentation, European banks are required to raise 114.7 bn euros ($152.7 bn) in order to adequately react to measures introduced to tackle debt-crisis. Italian banks need €15.4 billion, while >>
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CIBC and Scotiabank to provide top incentive pay
Thu, 08 Dec 2011 18:53:18 GMT
 
Canadian Imperial Bank of Commerce and Bank of Nova Scotia this year had the biggest jump in incentive compensations among six top banks in Canada as record profits created 6.9% surge in bonuses. >>
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FTSE 100 fluctuates on Thursday
Thu, 08 Dec 2011 18:52:08 GMT
 
British stocks gained on Thursday after Bank of England decided to keep its key interest rate unchanged and ECB announced the cut of its lending rate. Main supporters for UK's benchmark FTSE 100 >>
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German DAX drops on Draghi announcement
Thu, 08 Dec 2011 16:40:23 GMT
 
On Thursday German stocks experienced sharp decline after ECB President Mario Draghi said the bank will not boost sovereign debt purchases. Germany's benchmark index DAX 30 fell for a third day in >>
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