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Portugal is unlikely to default
Fri, 27 Jan 2012 11:20:37 GMT
 
Portugal faced increased pressure from investors as they expect the country to be the next to default. The yield on 10-year sovereign bonds soared above 15%, the record high level >>
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European markets jump on Fed announcement
Fri, 27 Jan 2012 10:57:49 GMT
 
European shares rallied on Thursday as investors anticipated news that Federal Reserve will freeze borrowing costs by the end of 2014. Stoxx 600 index gained 1.1% and finished at 257.86, >>
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Core durable goods orders were firm in the US last month
Fri, 27 Jan 2012 10:56:52 GMT
 
The core durable goods orders in the US increased essentially more than initially projected last month, rising for third month in line. The orders of core durables surged by 2.1% >>
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Samsung profit surges on smartphone sales
Fri, 27 Jan 2012 10:48:19 GMT
 
Samsung Electronics Co. reported its 4th quarter profit added 17% on accelerating sales of smartphone. The company posted net income of $3.6 bn compared to a $3.42 bn a year >>
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BP has to cover only part of liabilities for oil spill
Fri, 27 Jan 2012 10:45:45 GMT
 
BP has to cover only a part of liabilities of Transocean, the owner of oil rig, for oil spill in the Gulf of Mexico in 2010, US judge announced. Under >>
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US home sales tumbled 2.2% in December
Fri, 27 Jan 2012 10:32:19 GMT
 
New home sales in the US declined by 2.2% in December, reported US Census Bureau. The new home sales declined to 307,000 units on a seasonally adjusted basis while analysts >>
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More funds may are needed to rescue Greece
Fri, 27 Jan 2012 10:11:54 GMT
 
The EU may need more money to reduce the public debt of Greece to about 120% of the GDP by 2020, said Olli Rehn, the Economic and Monetary Affairs Commissioner. >>
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Trade balance in New Zealand increased in December
Fri, 27 Jan 2012 09:01:48 GMT
 
The trade balance of New Zealand increased unexpectedly in December, reported Statistics New Zealand. The trade balance soared to NZD 338 million from November's reading of NZD 308 deficit. Experts >>
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Initial jobless claims in the US rose more than expected
Fri, 27 Jan 2012 08:20:32 GMT
 
In the US, the number of initial jobless claims increased more than expected last week after hitting almost four-year low a week before, reported the US Labor Department. The number >>
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New Zealand Dollar keeps a 6 week gain on trade surplus
Fri, 27 Jan 2012 08:04:22 GMT
 
New Zealand's Dollar maintained 6-week gains against most of its peers on Friday, after national statistics showed the country unexpectedly faced a trade surplus for the first time in 5 >>
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Loonie reaches parity against greenback
Fri, 27 Jan 2012 07:51:52 GMT
 
Canadian Dollar climbed against its US peer on Thursday, reaching parity first time in 3 months as commodities advanced on Fed announcement about freezing US borrowing costs. Loonie appreciated 0.3% >>
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US GDP likely to have expanded rapidly in the 4th quarter
Fri, 27 Jan 2012 07:40:47 GMT
 
The US economy probably grew in the 4th quarter at the highest velocity in 2011 as national consumption and employment accelerated. Economists questioned by Bloomberg predict the US GDP added >>
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South Korean producer confidence drops on European uncertainty
Fri, 27 Jan 2012 07:29:05 GMT
 
The confidence of South Korean manufacturers declined, reaching 30-month low, as producers cut their Europe exports outlook. A gauge measuring predictions for February fell to 81, which is the lowest >>
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Japan retail sales expand in December
Fri, 27 Jan 2012 07:06:22 GMT
 
Japanese retail sales expanded at the quickest pace since 2010, said Trade ministry. Nation's retail sales added annual 2.5% in December 2011, posting the biggest gain since August 2010 and signalling the >>
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DAX index rallies on Fed decision
Thu, 26 Jan 2012 16:32:46 GMT
 
German DAX Index retreated on Thursday on the positive news from Federal Reserve and on investor hopes Greek debt talks will soon resume. German benchmark added 1.5% to 6,516.48 and >>
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