German confidence surges more than expected in February

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Source: Bloomberg
German business confidence improved more than predicted in February on EU leader progress in tackling debt turmoil. According to Ifo institute the business climate index rose from 108.3 last month to 109.6 in February. Economists questioned by Bloomberg earlier predicted an improvement to 108.8. The approval of Greece's rescue package and falling borrowing costs in Italy and Spain fuelled investor confidence, suggest analysts. 
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Thu, 23 Feb 2012 13:49:00 GMT

Deutsche Telekom predicts a drop in its profits

Deutsche Telekom AG predicts a further decline in its profits this year. The company already has posted EUR 1.34 billion (USD 1.8 billion) quarterly net loss caused by write downs on T-Mobile USA and losses on its Greek business. Company's EBITDA may is likely to drop by 3.7% compared to 2011. Deutsche Telekom, failed to sell its US wireless unit to AT&T Inc. in

Thu, 23 Feb 2012 13:25:00 GMT

Gold, silver and nickel to be bullish at MCX on Thursday

Gold, silver and nickel are expected to have a bullish sentiment at the MCX on Thursday, reported Angel Commodities, referring to technical indicators. However, these commodities may be pressured by the escalated worries over global economic instability after bleak Euro Zone's PMI releases on Wednesday.

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