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Barack Obama: corporate tax to be cut to 28%
Thu, 23 Feb 2012 10:59:38 GMT
 
Barack Obama proposed to decrease the corporate tax from 35% to 28% by paying for reduction through abandoning subsidies and tax loopholes, said Timothy Geithner, US Treasury Secretary. The move >>
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British American Tobacco posts 7.5% profit
Thu, 23 Feb 2012 10:36:05 GMT
 
Cigarette manufacturer British American Tobacco reported an 7.5% increase in its net profit for fiscal year 2011. Company also said that despite global uncertainty, it has a positive financial outlook for 2012. British >>
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US stock markets close lower on PMI, earnings
Thu, 23 Feb 2012 10:24:12 GMT
 
US equities traded mostly lower on Wednesday as investor sentiment was hampered by weaker European and Chinese PMI data amid HP earnings report. Greece's stability also remained in focus. S&P >>
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German manufacturing PMI declined to two-month low
Thu, 23 Feb 2012 10:19:09 GMT
 
German manufacturing activity fell to two-month low this month, according to official data. The German manufacturing PMI measured by Markit lost seasonally adjusted 0.9 points to 50.1 this month as >>
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Credit Agricole faced larger losses in Q4
Thu, 23 Feb 2012 09:57:30 GMT
 
Credit Agricole SA announced wider loss for Q4 citing 4% fall in revenue. The lost amounted 3.07 billion Euros compared with the 328 million Euros in the preceding quarter. Analysts >>
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Gold moves higher supported by EU manufacturing data
Thu, 23 Feb 2012 09:35:24 GMT
 
The yellow metals posted some gains on the technical buying and weak Euro Zone's PMI data that increased gold's safe haven appeal. COMEX gold futures for delivery in April traded >>
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Belgian NBB business climate gained this month
Thu, 23 Feb 2012 09:16:14 GMT
 
Belgium business climate improved this month but stayed in the negative area for 10th month in line. The business climate index measured by the National Bank of Belgium improved by >>
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European equity markets tumble on PMI data and Greece downgrade
Thu, 23 Feb 2012 08:43:08 GMT
 
European shares traded notably lower on Wednesday after Euro Zone PMI unexpectedly indicated contraction and Fitch cut Greece's credit rating to C. Stoxx Europe 600 index dropped 0.8%, French CAC >>
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Loonie weakens on stock market decline
Thu, 23 Feb 2012 08:24:42 GMT
 
Canadian Dollar depreciated against its US peer on Wednesday as investor willingness to accept risk was curbed by declines in global stock markets amid renewed worries about economic growth. Canadian >>
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Aussie and Kiwi little changed on Thursday
Thu, 23 Feb 2012 08:23:45 GMT
 
New Zealand and Australian Dollars traded close to flat on Thursday as Asian stock markets showed relatively weak performance. Aussie climbed 0.1% against its US counterpart to USD 1.0646 while Kiwi traded >>
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Yen falls to 7-month record low against greenback
Thu, 23 Feb 2012 08:22:58 GMT
 
Japanese Yen depreciated to seven-month record low against the US Dollar on Thursday Asian trade after US reported its existing home sales reached two-year record high, fuelling hopes for further >>
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Shanghai will stick to property curbs
Thu, 23 Feb 2012 07:33:32 GMT
 
Shanghai will maintain its property curbs despite Chinese government's decision to ease borrowing restrictions to allow more people to purchase second homes. Local government of Shanghai is not planning to >>
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PM Jiabao expected to lower economic growth target
Thu, 23 Feb 2012 07:15:28 GMT
 
Chinese PM Wen Jiabao is likely to reduce the country's expansion target below 8% in his report next month, claim majority of economists questioned by Bloomberg. Financial uncertainty, curbing pollution >>
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Existing home sales in US climbed 4.3% in January
Thu, 23 Feb 2012 06:53:04 GMT
 
The sales of existing US house sales advanced 4.3% in January supported by improving economy, warm weather and lower prices. Sales were up in all four main regions, reaching annual >>
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Brent oil draws strenght from geopolitical tensions
Wed, 22 Feb 2012 17:26:15 GMT
 
Energy markets were mixed on Tuesday with advancing crude and Brent oil and falling heating oil and natural gas. Energy commodities received strong stimulus after the EU nations finally agreed >>
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