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Archive for  January 2010

    • News Desk
    • Jan 20th, 2010
    • Comments Off on German Eurowings to ditch planes, cut jobs: carrier

    Eurowings, a German airline that flies on regional routes for parent group Lufthansa, said Tuesday it will get rid of more than half its aircraft and eliminate several hundred jobs. Eurowings plans to progressively eliminate

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    • News Desk
    • Jan 20th, 2010
    • Comments Off on IG reassures on UK growth potential, eyes China

    British financial bookmaker IG Group said robust UK client growth showed its main market still had good potential, as it made its first step into China. IG, which takes spread bets on financial markets allowing

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    • News Desk
    • Jan 20th, 2010
    • Comments Off on Pearson raises guidance as advertising decline slows

    British publishing group Pearson raised its 2009 earnings guidance after an advertising decline slowed in the fourth quarter, the US school publishing market improved, and Penguin books had strong Christmas sales. Pearson, which owns the

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    • News Desk
    • Jan 20th, 2010
    • Comments Off on Hong Kong unemployment rate dips to 4.9 percent

    Job creation in the construction, import-export and hotel sectors drove Hong Kong's unemployment rate below five percent for the first time since late 2008, the government said Tuesday. The city's jobless rate fell to 4.9

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    • News Desk
    • Jan 20th, 2010
    • Comments Off on Dutch government will cap ABN Amro bonuses, pay

    The Dutch government will reduce bonuses at nationalised bank ABN Amro by 65 percent and cap the salaries of members of the management board, Finance Minister Wouter Bos said on Tuesday. In a letter to

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    • News Desk
    • Jan 20th, 2010
    • Comments Off on Bangladesh predicts six percent growth

    Bangladesh's economy will grow around six percent this fiscal year, the central bank said Tuesday, despite a downbeat forecast from the International Monetary Fund. Bangladesh Bank governor Atiur Rahman said growth would be driven by

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    • News Desk
    • Jan 20th, 2010
    • Comments Off on China Goldwind ready for $1.5 billion IPO

    Chinese wind power producer Xinjiang Goldwind Science & Technology Co has chosen China International Capital Corp (CICC) as lead underwriter for a Hong Kong initial public share offering aimed at raising $1.5 billion in the

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    • News Desk
    • Jan 20th, 2010
    • Comments Off on China Goldwind ready for $1.5 billion IPO

    Chinese wind power producer Xinjiang Goldwind Science & Technology Co has chosen China International Capital Corp (CICC) as lead underwriter for a Hong Kong initial public share offering aimed at raising $1.5 billion in the

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  • Taiwan stocks fell 1.07 percent to a one-week closing low on Tuesday as major tech firms such as Chi Mei slipped on investor fears shares may have been overbought following recent gains. The main TAIEX

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    • News Desk
    • Jan 20th, 2010
    • Comments Off on Hong Kong stocks up as banks rebound; China shares firm

    Hong Kong shares recovered from earlier losses to end higher on Tuesday, breaking five straight sessions of losses, with Chinese banks leading a technical rebound, while China stocks firmed as trading companies rose. Chinese banks,

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