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Carrefour faced a 0.8% decline in sales in Q4
Thu, 19 Jan 2012 12:15:14 GMT
 
Carrefour announced a 0.8% decrease in sales to EUR24.2 billion in Q4. The company blamed deteriorated economic environment that impacted non-food sales. In Europe sales declined by 4.3% while in >>
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Crude oil jumped on improved outlook for China
Thu, 19 Jan 2012 11:45:22 GMT
 
Crude oil appreciated on Thursday as traders returned to commodity markets on the eased concerns over the Euro Zone's sovereign debt crisis and China's hard lending. Light, sweet crude oil >>
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Hedge funds plan to take legal action against Greece if it forces bond reduction
Thu, 19 Jan 2012 11:45:11 GMT
 
Hedge funds may sue Greece in the European Court of Human Rights to force the country to repay full amount of its debts. The country may be sued for violating >>
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New Zealand's CPI fell 0.3% in Q4
Thu, 19 Jan 2012 11:01:23 GMT
 
New Zealand's CPI unexpectedly fell 0.3% in Q4 as compared to 0.4% in Q3, reported Statistics New Zealand. Experts predicted the CPI to add 0.4% over the period. The major >>
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European markets close modestly higher on Wednesday
Thu, 19 Jan 2012 10:56:06 GMT
 
Most European stocks ended slightly up on Wednesday trade as Greece kept working on deal with creditors and Germany sold bonds at record low borrowing costs. Stoxx Europe 600 climbed >>
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Kodak Company faced bankruptcy in New York
Thu, 19 Jan 2012 10:27:23 GMT
 
Kodak announced that the company and its subsidies located in the US filed for chapter 11 in the US Bankruptcy Court. The chapter 11 stipulates business reorganization intended to boost >>
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Greece failed to agree with private lenders on debt cut
Thu, 19 Jan 2012 09:28:38 GMT
 
Greece failed to find a consensus with its creditors during lengthy talks resumed on Wednesday, reported IIF. The contrary is under pressure as it has to agree with private bondholders, >>
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UK's consumer confidence worsened in December
Thu, 19 Jan 2012 09:26:49 GMT
 
UK's Consumer Confidence Index declined to 38 in December as compared to 40 in the preceding month. Nationwide claimed that it was caused by growing cost of living and recession >>
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China reduces restriction on banks
Thu, 19 Jan 2012 09:25:52 GMT
 
China allowed the country's five largest financials to boost lending in the first quarter of 2012 and PBC prepares a plan for easing capital requirements. The People's Bank of China >>
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Shares in Asia climb on China monetary easing
Thu, 19 Jan 2012 09:23:51 GMT
 
Stock markets rallied in Asian on Thursday after China's central bank decided to provide a capital injection in country's markets and IMF presented plan to increase its lending amounts. Japan's >>
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Germany officials reduce growth forecast for 2012
Thu, 19 Jan 2012 09:23:25 GMT
 
Germany lessened its GDP growth prediction for 2012 from 1% to 0.7%, said Philipp Roesler, German Economics Minister, in statement yesterday. Roesler suggested that the German economy may slow down in >>
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UK may need to provide GBP17.5bn to help struggling EU countries
Thu, 19 Jan 2012 08:22:31 GMT
 
The IMF announced it needs additional GBP323 bn to rescue the EU countries strained by debt crisis, with the UK liable to provide about GBP17.5bn of this amount even despite >>
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US stocks rally on quarterly results
Thu, 19 Jan 2012 08:12:34 GMT
 
US stock market experienced gains on Wednesday as several big companies such as EBay and F5 Networks posted better than predicted quarterly results. S&P 500 Index gained 1.11% or 14.37 >>
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Germany sells bonds at record low yields
Thu, 19 Jan 2012 08:12:11 GMT
 
Germany sold two-year bills at record low borrowing costs on January 18, after S&P left Europe's biggest economy's credit rating unchanged at AAA. Bonds with two years maturity were sold >>
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Aussie weakens on jobs report
Thu, 19 Jan 2012 08:11:38 GMT
 
Australian Dollar depreciated against the Greenback on Thursday after country reported the number of jobs unexpectedly declined in December and unemployment rate remained unchanged. Meanwhile the Kiwi fell against its >>
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