Archive for December 2012
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Britain's biggest retailer, supermarket Tesco, looked on course to withdraw from its struggling US business Fresh & Easy as chief executive Philip Clarke on December 05 said its presence would likely end. "It's likely, but
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Chinese-owned Volvo Car Corporation will spend about half of $11 billion of planned investment on a production upgrade in Sweden that it says will cut costs and help sales of its cars buck a market
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Standard Chartered aims to double revenue from its commodities business in the next four years, tapping its substantial emerging markets client base to strengthen its hand and opening a new trading office in China. In
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Central European currencies are expected to tread water in the next few months as central banks in the region scramble to help slowing economies with interest rate cuts, a Reuters poll showed on Friday. But
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An expected change of government in Japan later this month and prospects of "unlimited" monetary easing by the central bank will weaken the safe-haven yen further over the next year, a Reuters poll showed on
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South Africa's rand is seen firming another five percent against the dollar in 12 months as interest rate differentials offer support, a Reuters poll showed, but mining unrest could hit the rand in the short-term.
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Tokyo shares notched up another week of gains as a weaker yen and positive reads from US economic indicators helped boost markets. For the week to December 7, the benchmark Nikkei 225 index at the
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Investors typically sell stocks to cut their losses at year end. But worries about the "fiscal cliff" - and the possibility of higher taxes in 2013 - may act as the greatest incentive to sell
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Interbank buy/sell rates for the taka against the dollar on Sunday. 80.95-81.00 (previous 81.00-81.01). Call Money Rates: 06.05-08.00 percent (previous 06.05-08.50 percent. Copyright Reuters, 2012
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MegaFon, Russia's No 2 mobile operator, has completed a $1.07 billion deal to buy a stake in cellphone retailer Euroset to expand the number of shops through which it can sell its services. MegaFon, controlled
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