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International News
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GM to use Transense technology
Monday 26 Sep 2011
Sensors specialist Transense has announced that it will be partnering US car making colossus General Motors (GM) in an expansion of its Flexplate project, a sensor used in driving technology. Read More
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PIMCO Chief predicts Euro recession of 1 - 2%
Monday 26 Sep 2011
Mohamed El- Erian, the Chief Executive of Pacific Investment Management Co (PIMCO), which has the biggest bond fund in the world, believes recession is looming for the developed world. Read More
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Bold statements by France to protect own interests?
Monday 26 Sep 2011
On Thursday, the Financial Times named 16 European banks that need to recapitalise. Although some of them denied it, such as Italian bank Banco Popolare and the Spanish banks Banco Sabadell, Banco Po... Read More
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Eurozone prepares €3Tn financial rescue package, Sunday Times says
Sunday 25 Sep 2011
European leaders are drawing up a €3tn (£2.6tn) plan to save the Euro by recapitalising banks, giving more firepower to a bailout fund and allowing Greece to default on its debts. The bold scheme was ... Read More
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US close: Good end to a bad week
Saturday 24 Sep 2011
US benchmarks finished moderately higher on Friday, despite some volatile trade, but finished well down on the week, with the Dow Jones Industrial Average registering its worst weekly performance in n... Read More
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ALERT: Europe explores speeding up ESM enactment to 2012 -BBG
Friday 23 Sep 2011
Europe explores speeding up ESM enactment to 2012 Read More
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Mosaic presents mixed quarterly results
Friday 23 Sep 2011
Agriculture-based company Mosaic released its preliminary financial results for its first fiscal quarter of 2012. Read More
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Lufthansa does not rule out the sale of JetBlue stake
Friday 23 Sep 2011
German airline Lufthansa has not ruled out the sale of its stake in JetBlue Airways because of the investment's reduced strategic importance following the merger between United Airlines and Continenta... Read More
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Europe close: Strong finish as eyes turn to the ECB
Friday 23 Sep 2011
Despite dropping into the red over the lunchtime, European bourses finished strongly on Friday afternoon, as speculation of an interest rate cut in the Eurozone provided a much-needed boost to the equ... Read More
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McDonald´s raises quarterly dividend by 15%
Friday 23 Sep 2011
Fast-food chain McDonalds hiked its quarterly dividend payment by 15% to $0.70 per share, payable on December 15, bringing the total dividend payout to $700m. Read More
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US open: Cautious start for Wall Street
Friday 23 Sep 2011
US stocks followed European bourses lower in early trade on Friday, as talk of a Greek default dominates the markets. However, benchmarks shed most of their earlier losses on reports of an interest ra... Read More
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ECB Council member sees both a larger EFSF and Eurobonds down the road
Friday 23 Sep 2011
In an interview with Dutch daily De Telegraaf European Central Bank (ECB) Governing Council member Klaas Knot has indicated that raising the European Financial Stability Facility (EFSF) is “unavoidabl... Read More
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ECB rate cut rumours lift shares
Friday 23 Sep 2011
Stocks have rallied sharply across the markets amid talk of a 50 basis point cut in Eurozone interest rates. Read More
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ALERT: Increased speculation of a 50 b.p. rate cut by ECB
Friday 23 Sep 2011
There is increased speculation of a 50 b.p. rate cut by ECB according to newswires. Read More
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US pre-open: More falls expected
Friday 23 Sep 2011
Stocks are expected to fall in line with continuing worries over global growth. Read More
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Falling industrial prices in Spain
Friday 23 Sep 2011
The Spanish industrial price index for August registered a -0.3% monthly and +7.1% annual change, according to the latest data from Spain's National Statistics Institute. The previous reading was +0.6... Read More
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Bank of Spain reassures on Spanish banks
Friday 23 Sep 2011
A spokesperson for Bank of Spain reiterated that Spanish banks do not need more recapitalisation than was established in the Financial System Reform Plan that was approved in February and is being rea... Read More
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Finally, Europe's political elite begins talk of Greek default
Friday 23 Sep 2011
The politicians and officials trying to deal with the Greek debt crisis appear to be edging closer to accepting that a full Greek default could happen. Read More
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Asia: Stocks leave rally too late
Friday 23 Sep 2011
The Japanese stock market is closed today which means Japanese investors missed out on the first signs of a relief rally that may nevertheless prove to be short lived. Read More
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Moodys cuts ratings for eight Greek banks
Friday 23 Sep 2011
Moody's has lowered the credit ratings for eight Greek banks by two notches due to domestic economic problems and diminishing deposits. Read More
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