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S&P 500 up on Ralph Lauren's earnings report
Thu, 09 Feb 2012 10:50:25 GMT
 
S&P 500 index managed to end higher on Wednesday despite stalled Greek talks. S&P main index climbed  0.22% or 2.91 points and closed at 1,349.96. Clothes producer Ralph Lauren jumped >>
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US stocks end higher on Wednesday
Thu, 09 Feb 2012 09:40:06 GMT
 
US stocks markets closed with a modest gains on Wednesday on investor hopes Greece would finally accept conditions required from international creditors. S&P 500 index edged up 0.22% or 2.91 >>
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Loonie depreciates on Greek worries
Thu, 09 Feb 2012 09:33:21 GMT
 
Canadian Dollar weakened against the greenback on Wednesday as investors were awaiting whether Greek officials will accept all requirements to receive the bailout package. Canadian currency slipped 0.2% against its >>
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PBOC drained funds from country's money market
Thu, 09 Feb 2012 09:32:57 GMT
 
People's Bank of China withdrew CNY 44 billion (USD 6.98 billion) from Chinese money market via open market operations to curb excess liquidity. The draining of funds comes amid news >>
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Rio Tinto posts a 59% drop in its profit
Thu, 09 Feb 2012 09:19:58 GMT
 
Rio Tinto Group, the third biggest mining firm in the world reported a 59% drop in its annual profit after executing one time payment on its aluminium division. The annual >>
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Europe shares decline on Wednesday as Greeks linger with austerity measures
Thu, 09 Feb 2012 09:01:20 GMT
 
Most European equity markets finished lower on Wednesday as Greece continued to struggle with international creditors about nation's debt swap agreement. Stoxx Europe 600 index and UK FTSE 100 index >>
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South Korea keeps interest rates untouched at 3.25%
Thu, 09 Feb 2012 08:43:12 GMT
 
The Bank of Korea decided to leave its benchmark interest rate unchanged for the eight consecutive month. The bank's step matched analysts' expectations. BOK kept its key interest rate at >>
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Credit Suisse reports its first loss in three years
Thu, 09 Feb 2012 08:30:28 GMT
 
The second largest Swiss bank Credit Suisse posted a loss in 4th quarter, first time since 2008, harmed by unfavourable markets and costs related to reorganization of its investment bank >>
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Japanese core machinery orders fell in December
Thu, 09 Feb 2012 08:29:12 GMT
 
Japanese core machinery orders, an economic indicator which is considered as one of key measures, declined sharply in December, giving up 7.1% on annual basis, reported country's government on Thursday. >>
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Euro appreciates as Greeks signal end in debt talks
Thu, 09 Feb 2012 07:59:55 GMT
 
The 17-nation currency strengthened to a 2-month record high as Greek government said Euro Zone's finance ministers will approve the second rescue package. Euro gained 0.2% against US Dollar to >>
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Chinese inflation unexpectedly surged in January
Thu, 09 Feb 2012 07:37:15 GMT
 
China's consumer prices unexpectedly rose in January, fuelled by spending during week long Lunar New Year holidays. Accelerating inflation limited room for possible monetary easing as European turmoil hampered exports >>
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DAX index erases some of its gains as ECB and German government express concerns over Greece
Wed, 08 Feb 2012 15:17:32 GMT
 
German DAX 30 index retreated and climbed 0.7% on Wednesday, lifted mainly by financials. Deutsche Bank AG  added 1.7%, while Commerzbank AG  jumped 8% after its Polish division reported a >>
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FTSE declines on ECB decision to hold off helping Greece
Wed, 08 Feb 2012 14:40:15 GMT
 
UK FTSE 100 Index opened higher on Wednesday, supported by mining and energy stocks as developments Greece spurred hopes the country might avoid default. Rio Tinto PLC surged 1.4%, Fresnillo >>
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Nokia to eliminate 4000 jobs
Wed, 08 Feb 2012 13:53:08 GMT
 
Nokia Oyi, one of biggest cell phones manufacturer which sales are concentrated in Asia, announced it will eliminate about 1000 jobs in Finland, 2300 in Hungary and 700 in Mexico >>
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German exports drop on Euro Zone crisis
Wed, 08 Feb 2012 13:17:00 GMT
 
German exports declined more rapidly than economists predicted in December as debt crisis harmed the export demand across the troubled region. Exports lost 4.3% compared to November when they added 2.6%. In >>
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