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Archive for  February 2005

  • Singapore share prices closed 0.22 percent higher Friday as the market generally ignored Prime Minister Lee Hsien Loong's speech on the national budget, dealers said. Lee, who is also finance minister, announced tax cuts and

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  • The Indian shares eased on Friday, well below record highs touched early this week as investors await the federal budget on February 28. Despite sharp gains of 3.8 percent for India's top listed mobile phone

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  • Sri Lanka stocks closed slightly higher on Friday, boosted by a dividend announcement and foreign and small investor buying across the board, brokers said. The key Colombo all-share index rose a provisional 0.1 percent or

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  • Here is how major stock markets outside the United States ended on Friday. EUROPE STOCK EXCHANGE: Heavyweight oil groups kept European shares on an even keel to close firmer after a leap in US inflation

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  • Britain's top shares ended flat on Friday for a fourth consecutive weekly rise, with oil explorer Cairn Energy starring for a second day after it said prospects in India were encouraging, and steel-maker Corus falling

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    • News Desk
    • Feb 19th, 2005
    • Comments Off on Ethiopia to grow decaffeinated coffee

    Ethiopia, Africa's biggest coffee producer, said on Wednesday it would be able to grow naturally decaffeinated crops with the finest flavour within the next five to eight years. "We are in the process of identifying

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    • News Desk
    • Feb 19th, 2005
    • Comments Off on ‘Gold bug’ says $500 per ounce a done deal this year

    Gold prices will soon soar when the dollar's "orderly" decline likely becomes a free-fall and investors flock to undervalued assets like the precious metals, long-time gold bull James Turk said on Wednesday. As publisher of

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    • News Desk
    • Feb 19th, 2005
    • Comments Off on Oil climbs back above $48, Opec supports

    Oil prices rose on Friday, bolstered by expectations of possible Opec production cuts and reversing a slide in the previous session that was triggered by hefty stock builds in the United States. But volumes were

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    • News Desk
    • Feb 19th, 2005
    • Comments Off on Oil climbs back above $48, Opec supports

    Oil prices rose on Friday, bolstered by expectations of possible Opec production cuts and reversing a slide in the previous session that was triggered by hefty stock builds in the United States. But volumes were

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  • London sugar futures ended weaker on Friday on producer sales against Thursday's EU export tender, and on trade selling. Dealers said the market appeared vulnerable to further falls, possibly led by speculators. May settled down

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