Archive for the October 29, 2005
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German coffee buying was more active this week as New York prices continued their drift downwards, traders said on Friday. New York coffee has broken the upward trend seen since mid-September and is well off
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China is determined to feed its burgeoning population from its own rice fields, something that bodes well for the country and world grain markets. China is the world's biggest rice consumer and has resorted to
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The European Central Bank rebuffed bankers' appeals to speed up the merging of bank regulators across the European Union on Friday, saying radical change was unnecessary for now. Banks with operations in many EU states
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Spain's jobless rate - long one of the black spots on its economic record - dropped to 8.4 percent in the third quarter, the lowest since 1979 and below the European Union average for the
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Microsoft Corp on Thursday said quarterly profit rose 24 percent on robust sales of Windows but tempered expectations of a sales spike when its Xbox 360 video game console launches in a month. Shares of
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Microsoft Corp on Thursday said quarterly profit rose 24 percent on robust sales of Windows but tempered expectations of a sales spike when its Xbox 360 video game console launches in a month. Shares of
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The US economy shook off headwinds from hurricanes Katrina and Rita to grow at a faster-than-expected 3.8 percent annual rate in the third quarter, a Commerce Department report showed on Friday. Strong spending by consumers
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Germany must reduce its public sector deficit to comply with European Union budetary rules and stimulate economic growth, Chancellor-designate Angela Merkel said on Friday. Germany, the EU's largest economy, is expected to exceed the EU
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Bangladesh Foreign Minister M. Morshed Khan doubts that the landmark South Asian Free Trade Agreement (Safta) will be ready in time for its scheduled implementation in January, a report said Friday. The treaty will create
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Saudi Arabia, the top global oil exporter, won the go-ahead from major trading nations on Friday to join the World Trade Organisation (WTO), probably by mid-December, after 12 years of tough on-off negotiations. A working
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