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German business confidence rises in April

by on April 21, 2012

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(MENAFN – Saudi Press Agency) German business confidence posted a surprise increase in April, amid optimism about the growth outlook for Europe’s biggest economy, dpa cited a key survey released …

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German business confidence rises in April

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Spain to approve more cuts to education, health

by on April 21, 2012

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(MENAFN – Saudi Press Agency) Spain’s conservative government met Friday to approve a euro 10 billion ($13 billion) package of spending cuts and increased charges in education and health, part of an …

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Spain to approve more cuts to education, health

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World stocks weighed down by glum US economic data

April 21, 2012

(MENAFN – Saudi Press Agency) World stock markets fell Friday as strong U.S. company earnings failed to calm worries the world’s No. 1 economy is struggling to maintain its recovery, AP …

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IMF’s bid for funds just part of Europe’s struggle

April 21, 2012

(MENAFN – Saudi Press Agency) When the International Monetary Fund meets this weekend, its top goal will be as simple as it is difficult: Get member nations to pledge many more billions in aid – in …

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GE reports USD3b profit in Q1

April 21, 2012

(MENAFN) General Electric Co. (GE) reported better than expected quarterly profits, helped by increased sales and higher prices, Reuters reported. The largest US conglomerate said it made a …

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USD400m Trump Towers Istanbul opened

April 21, 2012

(MENAFN) US real estate tycoon Donald Trump inaugurated Trump Towers Istanbul, and said he will partner Turkish owner and billionaire businessman Aydin Dogan in more real estate in the city, …

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Southwest Airlines’ revenues up 29% in Q1

April 20, 2012

(MENAFN) Southwest Airlines reported that revenues witnessed an increase of 29 percent in the first quarter, thus hitting earnings worth USD98 million, reported AP. The main contributor to the …

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Nokia loses USD1.2b in Q1

April 20, 2012

(MENAFN) Nokia said that unforeseeable tough competition led to a dip in sales, which subsequently caused the company a net loss of USD1.2 billion in the first quarter of 2012, reported AP. This …

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Calif. home sales up 3% in March

April 20, 2012

(MENAFN) DataQuick, the research company, said that last month, the number of sold houses in California went up around 3 percent from the same period a year earlier to over 37,000 units, reported …

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US AMD posts USD590m loss in Q1

April 20, 2012

(MENAFN) Advanced Micro Devices Inc. said that it incurred a net loss of USD590 million in the first quarter, compared with net income of USD510 million in 2011′s same period, reported AP. The …

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S Korea’s 2012 economy to expand 3%: S&P

April 20, 2012

(MENAFN) Standard & Poor’s said that in the current year, South Korea’s economy is forecasted to expand by 3 percent, down from 3.6 percent in 2011, reported Xinhua News. The credit rating agency …

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Microsoft’s Q3 income at USD5.1b

April 20, 2012

(MENAFN) Microsoft Corp. said that net income in the third quarter fell 2 percent to USD5.1 billion, compared with USD5.2 billion recorded in 2011′s same quarter, reported AP. The software giant …

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US DuPont records USD1.5b profit in Q1

April 19, 2012

(MENAFN) US chemicals maker DuPont reported USD1.49 billion net profit in the first quarter from USD1.43 billion made a year earlier, AP reported. The firm said its positive results were driven …

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Ford to build a new plant in China to boost output

April 19, 2012

(MENAFN) Ford Motor Co. disclosed plans to set an auto assembly plant in China to boost its output capacity in China in a bid to catch up with rivals, AP reported. The carmaker will set up a …

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Iran to allow foreign firms to invest in its oil sector

April 19, 2012

(MENAFN) Iranian first vice-president, Mohammad-Reza Rahimi, said that the country would allow foreign firms to invest in its oil sector, reported Tehran Times. Rahimi added that Iran is prepared …

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US Qualcomm posts USD2.23b Q2 profit

April 19, 2012

(MENAFN) Qualcomm Inc. said that income in the second quarter more than doubled to USD2.23 billion, from USD999 million in the same period a year earlier, reported AP. The mobile phone chipmaker …

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IMF raises USD320b to tackle euro-zone debt crisis

April 19, 2012

(MENAFN) The International Monetary Fund’s (IMF) Managing Director, Christine Lagarde, said that the fund managed to secure USD320 billion in order to handle the euro zone debt crisis, reported …

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NZ’s CPI up to 1.6% in Q1

April 19, 2012

(MENAFN) New Zealand’s statistics agency said that the country’s consumers’ price index (CPI) rose to 1.6 percent in the first quarter from the same period a year earlier, reported Xinhua …

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Chinese steelmakers post USD164.1m loss in Q1

April 19, 2012

(MENAFN) China Iron and Steel Association (CISA) said that the country’s steelmakers incurred USD164.1 million losses during the first quarter, reported Xinhua News. The CISA attributed the first …

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IMF says Europe’s economy may undergo mild recession in 2012

April 19, 2012

(MENAFN) The International Monetary Fund (IMF) said that Europe’s economy may go through a mild recession in 2012, as European banks are expected to reduce lending in order to save more capital, …

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Stanley Black & Decker says Q1 profit drops to USD121.8m

April 19, 2012

(MENAFN) Stanley Black & Decker Inc. said that profit in the first quarter fell to USD121.8 million, compared with USD158.7 million in the same period a year ago, reported AP. The New …

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IMF: European Banks Remain Under Pressure From Weak Growth

April 19, 2012

(MENAFN – Qatar News Agency) European banks remain under pressure from weak growth and high debt repayments. They need to strengthen their balance sheets by reducing assets and increasing their …

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First Solar Lays Off 2,000 Workers

April 19, 2012

(MENAFN – Saudi Press Agency) The biggest U.S. solar-panel manufacturer is laying off 2,000 workers and closing factories in response to declining demand and increased competition from …

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Canada Seeks Entry to Pacific Trade Pact

April 19, 2012

(MENAFN – Saudi Press Agency) Canada hopes to join a pan-Pacific trade pact in the first half of this year, but Ottawa is committed to maintaining contentious tariffs that help is farmers, Trade …

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U.S. Lifts Sanctions on Some Aid Projects on Myanmar

April 19, 2012

(MENAFN – Saudi Press Agency) The United States Treasury relaxed sanctions onØ¢ MyanmarØ¢ on Tuesday to permit financial transactions to support certain humanitarian and development projects in the …

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Fischer hails OFID role in offering energy to poor countries

April 19, 2012

(MENAFN – Kuwait News Agency (KUNA)) The Austrian President Heinz Fischer expressed his deep appreciation to the role played by the OPEC Fund for International Development (OFID) in helping …

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U.S. economy gradually healing

April 19, 2012

(MENAFN – Kuwait News Agency (KUNA)) U.S. Secretary of Treasury Timothy Geithner affirmed here Wednesday that the U.S. economy is “gradually healing” and “gradually getting stronger.” Speaking …

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Iran’s nuclear grass eaters

April 19, 2012

(MENAFN – Jordan Times) After long years of failed international efforts to end Iran’s cunning drive to develop nuclear weapons, the question today is no longer whether the West can prevent the …

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American Airlines to slash additional 1,200 jobs

April 19, 2012

(MENAFN) American Airlines said that it would slash another 1,200 nonunion jobs in order to reduce costs, reported AP. The carrier added that the move brings the total number of job reductions to …

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EBay’s Q1 net income jumps 20% to USD570m

April 19, 2012

(MENAFN) EBay Inc. said that net income jumped 20 percent in the first quarter to USD570 million, compared with USD476 million in 2011′s same period, reported AP. The San Jose, Calif.-based firm …

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Withdrawal notepad

April 19, 2012

(MENAFN – Khaleej Times) Australia has cast the first stone in the withdrawal process from Afghanistan. Prime Minister Julia Gillard’s conviction that her troops should be back home much before the …

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Japan’s trade deficit grows to record high of USD54b

April 19, 2012

(MENAFN) Japanese Finance Ministry said that the country recorded a USD54 billion trade deficit for the fiscal year that ended March 31, reported AP. The ministry added that the figure …

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International Monetary fund increased Global economy’s growth forecast for 2012

April 18, 2012

International Monetary fund raised its forecasted global growth for 2012 for the first time since a year, adding signs to recovery of American economy which supported the global economy’s …

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Australian Market Outlook – 04.18.2012

April 18, 2012

— Created by Ilya Spivak, Currency Strategist for Dailyfx.com To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak To be added to Ilya’s e-mail distribution list, …

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Master the Concept of Greed-Free Trading

April 18, 2012

“Greed has cost me more than anything else.” “How can I control greed??? That has been my number 1 problem.” The above two quotes came from emails sent to me from two …

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EU annual inflation at 2.9 pct

April 18, 2012

(MENAFN – Kuwait News Agency (KUNA)) The annual inflation in the 27-member European Union was 2.9 percent in March unchanged compared with February. A year earlier the rate was 3.1 percent. The …

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UK- Inflation rises to 3.5 pct

April 18, 2012

(MENAFN – Kuwait News Agency (KUNA)) Inflation in the UK rose unexpectedly on the Consumer Prices Index (CPI) measure in March, driven by higher food prices and the cost of clothing, according to …

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Global economy improving but remains "weak" – IMF

April 18, 2012

(MENAFN – Kuwait News Agency (KUNA)) Prospects for the global economy are gradually strengthening again but downside risks remain “elevated,” as growth is expected to be weak, especially in Europe, …

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IMF welcomes pledges by Nordic countries to increase commitment

April 18, 2012

(MENAFN – Kuwait News Agency (KUNA)) Chief of the International Monetary Fund (IMF) Christine Lagarde welcomed here Tuesday the announcements made by Denmark, Norway and Sweden that they will …

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South Sudan is newest World Bank member

April 18, 2012

(MENAFN – Saudi Press Agency) South Sudan, the world’s newest country, is taking up membership in the World Bank, dpa cited the international development lender as announcing Tuesday. The …

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IMF: Global government debt crisis easing slightly

April 18, 2012

(MENAFN – Saudi Press Agency) Governments in advanced economies are gradually making modest progress in taking control over their massive deficits, which galloped out of control in 2008-09 during …

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US stocks jump after strong profits; Spain soothes

April 18, 2012

(MENAFN – Saudi Press Agency) U.S. stocks are closing sharply higher after promising signals about the profitability of U.S. companies and a strong debt auction by Spain, according to …

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IMF sees Italy missing budget deficit targets

April 18, 2012

(MENAFN – Saudi Press Agency) The International Monetary Fund is predicting that Italy will miss its budget deficit targets this year and next and won’t balance its budget until at least 2018 – …

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Elephant hunting

April 18, 2012

(MENAFN – Arab News) It is reported that Spanish media has pointed out the cost of King Carlos’ trip to Botswana on elephant hunting at a time country is reeling from an economic crisis, which has …

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World Bank chief

April 18, 2012

(MENAFN – Arab News) The appointment of Asian-American Jim Young Kim as head of the World Bank is a welcome news. His non-financial background can be an advantage at a time when most …

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Intel says Q1 income down 13%

April 18, 2012

(MENAFN) Intel Corp. said that net income dropped 13 percent in the first quarter to USD2.74 billion, compared with USD3.16 billion in 2011′s same period, reported AP. The Santa Clara, …

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Ahmadinejad’s days appear numbered

April 18, 2012

(MENAFN – Arab News) The election result is an indicator of Iranian president’s imminent political downfall THE March 2012 elections to the Majlis (Parliament) have not only pushed Iranian …

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Sunnis in Iran under Persian ‘arrogance’

April 18, 2012

(MENAFN – Arab News) A common man may think that Iran is populated by a single race or ethnic group, but in fact there are several ethnic groups other than Persians in Iran. They include Arabs, …

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Yahoo posts 28% jump in Q1 earnings

April 18, 2012

(MENAFN) Yahoo Inc said that first-quarter net income jumped 28 percent from the USD223 million recorded in 2011′s same period to USD286 million, reported AP. The company added that in the …

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RBA may cut the interest rate for the first time this year

April 17, 2012

Australian economy is one of the largest Asian economies that recently suffered from global demand weakness, also its negative effect on the nation’s growth, where the RBA is looking forward …

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