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Dow Jones makes best weekly gain in 3 years

Friday 17th October, 2008  (Barry Wood )There was more volatility on world stock markets Friday with the Dow industrials swinging between gains and losses.While the Dow

[Business] Tokyo market resumes free fall

The Tokyo stock market plummetted nearly 10 percent in early trading Thursday after overnight falls on Wall Street amid growing recession fears in the US ...
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[Business] Belgium government issues vouchers to Fortis shareholders

Irish SunSunday 12th October, 2008  The Belgian government has said it will reimburse shareholders who were disadvantaged by the Fortis bank collapse.The Belgian government sold 75 ...
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[Business] Economic group says banks will be unable to operate on same level

Irish SunSunday 12th October, 2008  The chairman of the Financial Stability Forum, Mario Draghi, has said banks will have to accept lower levels of profit as ...
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[Business] UAE firm, National Geographic in film production deal

Irish SunSunday 12th October, 2008  (IANS)The United Arab Emirates (UAE)-based film production company Imagenation Abu Dhabi has entered into a $100-million deal with National Geographic to ...
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[Business] Disaster for Hamilton as Alonso wins Japanese GP

Irish SunSunday 12th October, 2008  (IANS)Fuji,Fernando Alonso of Renault took his second race win in succession Sunday when the Spaniard claimed victory in an action-packed Japanese ...
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[Business] Morgan condemns IPL on proposed deal with SLC

Irish SunSunday 12th October, 2008  (IANS)International Cricket Council's (ICC) President David Morgan has condemned Indian Premier League (IPL) commissioner Lalit Modi's offer of $40 million to ...
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[Business] Australia claims to be well placed for China sales

Australia’s Finance Minister Lindsay Tanner said the country will need to get rid of more trade barriers to broaden its exports to China.Speaking to ABC ...
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[Business] US stocks tumble as investors wary about economic outlook

(IANS)US stocks fell for a sixth day Wednesday despite the Federal Reserve's emergency interest cut rate and after the International Monetary Fund warned of a ...
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[Business] Abu Dhabi to host healthcare investment meet

Thursday 9th October, 2008  (IANS)To boost private sector investment and ownership of healthcare infrastructure in the emirate of Abu Dhabi in the United Arab Emirates (UAE), ...
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Air New Zealand announces test flight using new biofuel

(IANS)Air New Zealand will make the world's first commercial aviation test flight powered by fuel created from the seeds of the African jatropha plant next

Nokia Siemens Networks to trim jobs

(IANS)The 50:50 joint venture Nokia Siemens Networks said Tuesday it planned to cut some 1,250 jobs in Finland and Germany as part of cost-cutting measures.The

Credit card pullback during festive season

Holiday season consumers are supposedly trying to limit their credit card purchases this year.A survey conducted for Reuters has shown a total of 88.6 percent

IMF chief calls for coordinated action to tackle financial crisis

IMF Managing Director Dominique Strauss-Kahn has urged the Group of Twenty (G-20) leaders to deal with the immediate fallout from the financial crisis through coordinated

India now top import source for Bangladesh

India has regained the top position as Bangladesh's importing source, beating China, having exported rice worth $874 million last year.Statistics released here last week by

Yen rises against world currencies

The yen has risen against the dollar and the euro, with investor sentiment remaining jittery over global recession fears.On Monday, Tokyo's Nikkei share average surrended

New attraction in Bangladesh: Taka 1000 currency note

(IANS)Bangladesh has introduced new Taka 1000 currency notes and they are much in demand with many heading to street vendors in the capital and even

Another two banks fail in US

Two more failed banks have brought the tally in the US to 19.On Friday, the government closed down Franklin Bank, a Houston, Texas-based bank and

British car sales down, but Tata's Jaguar up

(IANS)Sales of new cars in Britain fell by 23 percent in October - the steepest fall for 17 years - but Tata-owned Jaguar bucked the

IMF releases world forecast

Thursday 6th November, 2008  The International Monetary Fund released its global economic forecast Thursday in the face of a growing credit crisis and predicted a recession
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