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Archive for the November 1, 2005

    • News Desk
    • Nov 1st, 2005
    • Comments Off on Investors cut stocks for cash, some flee eurozone

    Investors trimmed stocks in October and generally tucked into safer cash as concerns over slowing economic growth and rising interest rates undermined risk appetite, Reuters polls showed on Monday. US and continental investors also sharply

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    • News Desk
    • Nov 1st, 2005
    • Comments Off on Banks bring forward ECB rate hike expectations

    Major investment banks are bringing forward their expectations of a euro zone interest rate hike as they increasingly believe a tough-sounding European Central Bank could finally pull the trigger by the year-end. Bank of America

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    • News Desk
    • Nov 1st, 2005
    • Comments Off on Samsung Electronics to start new LCD line output

    Samsung Electronics Co Ltd, the world's top maker of flat screens, will start producing liquid crystal display TV panels from its newest production line in April next year, the company said on Monday. Analysts are

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    • News Desk
    • Nov 1st, 2005
    • Comments Off on Kellogg profit up, boosted by sales

    Kellogg Co, the world's largest maker of breakfast cereal, on Monday reported an 11 percent increase in quarterly earnings on strong sales of new products like yogurt-flavored Special K cereal and a lower tax rate.

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    • News Desk
    • Nov 1st, 2005
    • Comments Off on Kellogg profit up, boosted by sales

    Kellogg Co, the world's largest maker of breakfast cereal, on Monday reported an 11 percent increase in quarterly earnings on strong sales of new products like yogurt-flavored Special K cereal and a lower tax rate.

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    • News Desk
    • Nov 1st, 2005
    • Comments Off on Barrick makes $9.2 billion bid for Placer Dome

    Barrick Gold Corp bid $9.2 billion for rival Placer Dome Inc on Monday, a deal that would create one of the world's biggest gold miners with annual output of 8.3 or 8.4 million ounces. Barrick,

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  • Turkey's trade deficit expanded 26.4 percent to 32.1 billion dollars (27 billion euros) in the third quarter from 25.4 billion dollars in the same period last year, the State Statistics Institute said Monday. Imports climbed

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    • News Desk
    • Nov 1st, 2005
    • Comments Off on South Africa’s trade deficit widens on oil imports

    South Africa's trade deficit widened sharply in September after a surge in oil imports, data showed on Monday, further increasing the chances of an early interest rate hike. The trade balance recorded a shortfall of

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    • News Desk
    • Nov 1st, 2005
    • Comments Off on Global chip sales up strongly before Christmas

    Global sales of semiconductors haven risen strongly ahead of the end-of-year shopping season, driven by booming demand for cellphones, computers and electronic gadgets for the living room, a survey said on Monday. Global September revenues,

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    • News Desk
    • Nov 1st, 2005
    • Comments Off on Global chip sales up strongly before Christmas

    Global sales of semiconductors haven risen strongly ahead of the end-of-year shopping season, driven by booming demand for cellphones, computers and electronic gadgets for the living room, a survey said on Monday. Global September revenues,

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