| UPDATE 1-Election propels Dominican president to third term | |
SANTO DOMINGO, May 17 (Reuters) - President Leonel Fernandez swept to a third term in the Dominican Republic, propelled back into office by what many see as his success in pulling the Caribbean...
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| Election propels Dominican president to third term |
SANTO DOMINGO, May 17 (Reuters) - President Leonel Fernandez swept to a third term in the Dominican Republic, propelled back into office by what many see as his success in pulling the Caribbean...
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| GRUH Finance expands its reach |
AHMEDABAD: GRUH Finance Limited, a housing finance company and a subsidiary of HDFC Ltd, has expanded its reach to two more states and is aiming to achieve disbursement of Rs.10 billion by ...
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| Dominican president wins re-election, rival concedes |
SANTO DOMINGO (Reuters) - Dominican President Leonel Fernandez, widely credited with pulling his Caribbean country out of a deep economic slump, cruised to a re-election victory on Friday, winning...
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| Dollar lower against the Japanese yen in trading late Friday night |
May 16, 2008 - 8:29 p.m. NEW YORK (AP) - The dollar fell against the Japanese yen, trading at 104.04 yen late Friday night in New York compared with 104.17 yen late Friday...
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| Bush administration bars drilling in Arctic wetland |
ANCHORAGE, Alaska (Reuters) - The Bush administration on Friday proposed keeping potentially oil-rich wetlands in Arctic Alaska off-limits to drilling because of their ecological sensitivity, a...
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| Clearing Corp set to guarantee forward contracts, rate futures |
MUMBAI: In a move that will boost trading in interest rate derivatives, Clearing Corporation of India (CCIL) has developed two new products which will guarantee forward contracts and...
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| ICAI tightens disclosure norms for derivatives |
In a step which is likely to give shareholders a clearer picture of the health of the company they own, accounting regulator ICAI on Friday approved a new accounting standard on disclosure of all...
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| Asian markets end mixed; Tokyo shares end 4-day win streak |
HONG KONG - Asian markets were narrowly mixed Friday, as Hong Kong stocks rose but Tokyo shares fell after a four-day rally as traders sold off recent gainers such as precision equipment and...
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| UPDATE 3-Commodities power Toronto stocks to record close |
TORONTO, May 16 (Reuters) - The Toronto Stock Exchange's main index hit another record high on Friday as energy and materials shares rose on strong commodity prices and powered the composite to a...
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| FOREX-Bearish US consumer confidence data batters dollar |
NEW YORK, May 16 (Reuters) - The dollar fell on Friday as a plunge in U.S. consumer confidence raised the specter of a contraction in second quarter growth and trimmed the chances the Federal...
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| Arcelor Mittal, Deutsche Bank seek FIPB approval |
World's largest steelmaker Arcelor Mittal has also sought FIPB approval through its Indian arm, Arcelor Mittal India Ltd, Ranchi. It was not clear for what purpose Lakshmi Mittal-led steel giant...
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| Volvo to acquire 8.1 pc stake in Eicher Motors |
NEW DELHI: Commercial vehicle maker Eicher Motors Ltd on Friday said it will sell 8.1 per cent of promoter's holding to Swedish bus maker Volvo to form a joint ...
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| StanChart in pact with IFC to finance Asian, African MFIs |
The bank said it gives finance to 48 MFIs across 15 countries in Africa and Asia and has arranged finance to the tune of USD 285 million, with an outstanding portfolio of $180 ...
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| Analysis of the US, European and Asian Fitness Club Market With Emphasis on the US Market |
Research and Markets (http://www.researchandmarkets.com/reports/c92073) has announced the addition of "Demographics Driving Fitness Club Market" to their ...
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| Ecuador says to propose OPEC output increase |
QUITO, May 16 (Reuters) - Ecuador's Oil Minister Galo Chiriboga said on Friday he would propose OPEC raise production to curb record high oil prices, which he said were hurting poor nations due to...
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| FOREX-Dollar extends losses as consumer morale dives |
NEW YORK, May 16 (Reuters) - The dollar extended losses against the euro and gave up gains versus the yen on Friday, hurt by a report showing that U.S. consumer confidence tumbled to its lowest in...
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| Foreigners buy steel, ship shares, lift Kospi |
The benchmark Kospi rose 3.17 points, or 0.2 percent, to 1,888.88. Volume was moderate at 297 million shares worth 6.8 trillion won ($6.53 billion) with gainers outpacing losers 441 to...
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| Market shrugs off inflation, May futures at discount |
India's inflation rate, based on wholesale price index, for week ended May 3 rose by 7.83 per cent versus 7.61 per cent in the previous week, while crude oil price rose to $125 per barrel from...
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| Japan stocks edge lower, ending winning streak |
TOKYO — Tokyo stocks edged lower Friday after a four-day winning streak as investors sold recent gainers such as precision equipment and electronics makers. The Nikkei fell 0.2 percent to...
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| Dollar trims losses on upbeat housing data |
NEW YORK (Reuters) - The dollar trimmed losses against the euro and rose versus the yen on Friday after unexpectedly higher housing starts in April injected a positive tone into the fragile...
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| Nikkei Stock Average closed 32.26 points lower to 14,219.48 |
The Associated Press May 16, 2008 - 8:12 a.m. TOKYO - The Nikkei Stock Average of 225 issues closed at 14,219.48 on the Tokyo Stock Exchange Friday, down 32.26 points or 0.2 per...
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| Hang Seng Index closed at 25,618.86, up 105.15 points |
The Associated Press May 16, 2008 - 8:12 a.m. HONG KONG - The Hang Seng Index closed at 25,618.86 on Friday, up 105.15 points or 0.4 per...
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| Asian stocks turn mixed as Nikkei retreats |
Other markets in the region including Hong Kong, Taiwan and Singapore rose, but were off their highs, while South Korea, Malaysia and the Philippines were little changed. China also reversed gains on...
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| Asian currencies up on stock gains as dollar eases broadly |
SINGAPORE -- Most Asian currencies rose against a broadly weaker US dollar on Friday as rising share prices fuelled expectations that appetite for risky assets would pick up after a recent sell-off....
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| 24 Asian markets to remain volatile next week as worst of crisis |
SINGAPORE (Thomson Financial) - Asian markets are expected to remain volatile next week, with investors locking in gains amid doubts whether recent market advances following encouraging U.S. economic...
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| RPT-GLOBAL MARKETS-Asian stocks rise as dollar holds its ground |
HONG KONG, May 16 - Asian stocks rose cautiously on Friday as the dollar steadied against the yen and oil prices hovered below record highs, offering a rare lull in the market's...
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| HK stocks up but gains pared on Shanghai weakness |
HONG KONG, May 16 (Reuters) - Hong Kong stocks closed up on Friday but gains were pared after the Tokyo and Shanghai markets reversed course to close lower, while equipment maker Dongfang Electric...
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| FOREX-Data contrast knocks dollar vs euro, yen |
LONDON, May 16 (Reuters) - The dollar eased versus the yen and the euro on Friday, pressured by the contrast between signs of a deteriorating U.S. jobs and manufacturing picture with ...
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| Markets shrug off high inflation, Nifty May at 8 pts discount |
India's inflation, based on wholesale price index, for the week ended May 3 rose to 7.83 per cent versus 7.61 per cent in the previous week. The rise in inflation is the fastest in the last three...
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| Stocks ease ahead of inflation data |
MUMBAI: Stock descended from early highs, as investors turned cautious ahead of inflation data. It is estimated at 7.5 per cent for the week to May 3, lower than the previous week's 7.61 per ...
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| Asian markets rise as Wall Street extends gains |
(RTTNews) - Stock markets across the Asia-Pacific region were trading higher Friday, after Wall Street extended gains overnight on the back of a pullback in oil prices and some mixed economic data....
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| This New Study Provides a Low-Cost Summary of Paint Market Sizes Across the Asian Region |
Research and Markets (http://www.researchandmarkets.com/reports/c91945) has announced the addition of "The Top 50 Paint Companies In Asia, 3rd Edition" to their offering. The publishers are...
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| HK stocks climb as PetroChina cheers lower oil |
HONG KONG, May 16 (Reuters) - Hong Kong stocks rose 0.63 percent on Friday, tracking gains on Wall Street, with petrochemical stocks PetroChina...
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| Nikkei closes lower on profit-taking - Summary |
Tokyo - Japan's Nikkei 225 Stock Average closed lower Friday as investors tried to lock in profits from a four-day winning streak. The Nikkei index edged down 32.26 points, or 0.23 per cent, to close...
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| Markets likely range bound ahead of inflation |
The US markets were positive Thursday. Also, crude oil cooled down to $122 per barrel. However, domestic factors such as dollar-rupee rate and inflation are also key to market direction. ...
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| Equities likely to open higher; Inflation eyed |
MUMBAI: Equities are likely to open higher on Friday tracking positive global markets. However, inflation data will give direction to the market later in the ...
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| Asian currencies mostly up, buoyed by rising stocks |
SINGAPORE -- Most Asian currencies rose on Friday as rising share prices fuelled expectations that appetite for risky assets would pick up after a recent sell-off, with the Taiwan dollar and...
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| Hong Kong stocks rise, but Dongfang Elec slides |
HONG KONG, May 16 (Reuters) - Hong Kong stocks rose 0.6 percent on Friday on the back of firmer global equities, but Dongfang Electric...
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| BHP jump lifts Sydney, Tokyo off highs |
HONG KONG (MarketWatch) -- Shares of BHP Billiton jumped on Friday to push Australian indexes higher, after local media reported that China has approached an Australian fund to partner in a...
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| HK shares likely to rise; shipping stocks in focus |
HONG KONG, May 16 (Reuters) - Hong Kong stocks are expected to rise on Friday, tracking gains in global equities, with shipping stocks likely to climb after sea freight rates for raw materials hit...
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| Gold edges down in Asia as oil in correction mode |
TOKYO (Reuters) - Gold edged down on Friday, taking a cue from oil's consolidation since hitting a record high earlier this week, while the dollar fell only slightly against the yen after Japan's...
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| Gov. proposes to give Alaskans $100 a month for gas |
ANCHORAGE, Alaska, May 15 (Reuters) - Faced with some of America's highest energy costs, Alaska Gov. Sarah Palin proposed a plan on Thursday to provide state residents with special debit cards...
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| Foreigners Stay Net Buyers of Japan Stocks Last Week |
Posted on: Thursday, 15 May 2008, 18:00 CDT Tokyo, May 15 (Jiji Press)--Foreign investors remained net buyers of Japanese stocks for the sixth straight week last week, the Tokyo Stock Exchange said...
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| FOREX-Yen rises broadly amid waning risk demand |
NEW YORK, May 15 (Reuters) - The yen rose across the board on Thursday as investors reduced demand for riskier assets such as stocks after a series of weak U.S. economic data added to anxiety over...
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| SAT sets aside SEBI order in Goldman derivatives case |
MUMBAI: The Securities & Exchange Board of India has yet again found itself at the receiving end of the Securities Appellate Tribunal (SAT), in the order pertaining to Goldman Sachs...
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| Nepalese can use NEFT to send funds back home |
MUMBAI: Nepalese citizens working in India can now send funds to their family and friends back home using the National Electronic Funds Transfer (NEFT) system. RBI on Thursday operationalised a...
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| Citi may rejig, not exit NBFC |
With Citi is on a restructuring mode globally, there have been rumours that the US bank may look at selling the NBFC arm in India. But according to Citi India CEO Sanjay Nayar, 'We are not exiting...
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| Asian markets end mixed; Tokyo rises to 4-month high, but Hong Kong dips on quake worries |
The Associated Press May 15, 2008 - 8:34 a.m. HONG KONG - Asian markets were narrowly mixed Thursday as stocks in Tokyo and Singapore advanced but Hong Kong shares dipped as investors turned...
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| GLOBAL MARKETS-Asian stocks firm after benign U.S. inflation |
HONG KONG, May 15 - Asian shares rose on Thursday, with some indexes at multi-month highs, after benign U.S. inflation data that might give the Federal Reserve room to keep U.S. interest rates low to...
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