Archive for December, 2008
RPT-INTERVIEW-Ahluwalia sees FY09 turnover at 12 bln rupees
MUMBAI, Dec 31 (Reuters) – Construction services firm Ahluwalia Contracts India Ltd (AHLU.BO: Quote , Profile , Research ) expects FY09 turnover to rise by more than a third, but profit margin may be a touch lower than expected, a top official told …
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Beverage shares fall but fare better than market
NEW YORK (AP) – Shares of beverage makers tumbled this year, but not as much as the broader market as consumers still reached for soft drinks such as Coca-Cola, Pepsi and beers like Bud Light _ even as they cut spending elsewhere. Pressured by an …
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U.S. markets up final day of year
New York — U.S. stock indexes closed out a wild year on a positive note Wednesday with a final and light trading day. Good news came early as the government said there were 94,000 fewer first-time claims for unemployment benefits filed in the week …
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Analysis: Euro marks 10th anniversary amid challenges ahead
BRUSSELS, Dec. 31 (Xinhua) — Ten years ago, Europe launched its common currency — the euro, opening a new chapter in economic integration. It can be said that the single currency has done well in the past decade, but it still faces new challenges …
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Slovakia 16th country to adopt euro
BRATISLAVA, Slovakia : To the sound of midnight fireworks and pealing church bells, Slovakia joined the eurozone, putting it under the shared currency’s protective umbrella amid a world financial downpour ‘” and underscoring the former Soviet bloc …
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Oil steady below $39 a barrel
SINGAPORE: Oil was little changed on Wednesday, closing out its worst year ever after falling 60%, with a rapid reversal in the economic outlook having brought it crashing back from a mid-year record high. Crude steadied below $39 as Middle East …
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Gordon Brown speaks of optimism for 2009 in New Year’s message
In a New Year message, the Prime Minister sounds a deliberately up-beat note, insisting that despite the “enormous” economic problems facing Britain, they will be overcome and the economy will emerge stronger than before. Mr Brown’s positive …
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UPDATED: GMAC completes debt deal to raise capital
NEW YORK ‘” The financing arm of General Motors Corp. has completed a complicated debt deal that was designed to raise capital and help the auto loan company ride out a historic collapse in auto sales. The results of the debt exchange, announced …
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UK small-business group wants credit card rate cap
LONDON — The British government should cap credit-card interest rates to help small businesses weather the economic downturn, an industry body said Tuesday. In its annual New Year message, the Federation of Small Businesses called on the heads of …
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US dollar gains against euro, yen
The dollar rose against the euro and the Japanese yen but dropped versus the pound in light trading on New Year’s Eve Wednesday. The 15-nation euro bought $US1.3954 in late New York trading, below the $US1.4087 it bought late Tuesday. The dollar …
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