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European Stocks Mixed in Midday Trading

Posted June 9th, 2011 at 7:45 am (UTC-5)
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European stock prices are mixed in midday trading Thursday. London’s Financial Times index and the CAC-40 in Paris are virtually unchanged, while the DAX index in Frankfurt is up two-tenths of one percent. In New York, the S&P futures contract is up more than five points, indicating a higher opening. Tokyo’s Nikkei index gained two-tenths […]

Tags: , , , Posted in Economy

Asia Markets Close Mostly Higher

Posted June 9th, 2011 at 7:00 am (UTC-5)
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Major Asian stock markets closed mostly lower Thursday. Tokyo’s Nikkei index gained nearly one-quarter of one percent to finish at 9,467. Hong Kong’s Hang Seng index lost nearly one-quarter of one percent to finish the day’s trading at 22,609. Share prices were higher in Bangkok and Sydney, but lower in Jakarta, Kuala Lumpur, Manila, Mumbai, […]

Tags: , Posted in Economy

Russia Cuts Electricity to Belaurus Over Debt

Posted June 9th, 2011 at 6:25 am (UTC-5)
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Russia’s state run electric company said Thursday it has reduced the amount of power it sends to Belarus because of an outstanding debt. Russia’s InterRao power provider lowered its to supply to Belarus to 200 megawatts, which is half of what it usually provides. Belarus has owed Russia just over $48 million in unpaid electric […]

Tags: , Posted in Economy, Europe

Japan’s Nikkei Loses Ground

Posted June 9th, 2011 at 5:45 am (UTC-5)
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Japanese markets closed higher Thursday, while the U.S. dollar is higher against the Japanese yen. Tokyo’s Nikkei index gained nearly one-quarter of one percent to finish at 9,467. In currency trading, the dollar was selling at 80.01, a gain of more than one-tenth of a yen from Wednesday. Gold is trading at $1,534.33 an ounce.

Tags: , Posted in Economy

Greek Workers Protest More Austerity Measures

Posted June 9th, 2011 at 5:00 am (UTC-5)
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State workers in Greece have called a strike Thursday to protest government plans to privatize their jobs as part of an international bailout agreement. The work stoppage was called for the same day Prime Minister George Papandreou and his cabinet are set to meet to approve new austerity measures through 2015 that include higher taxes. […]

Tags: , Posted in Economy, Europe

Japan Economic Figures Confirm Technical Recession-

Posted June 9th, 2011 at 4:40 am (UTC-5)
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The Japanese economy technically slipped into a technical recession in the first quarter of 2011 as a result of the March earthquake and tsunami, but new figures show the decline was smaller than initially reported. The Cabinet Office released figures Thursday showing the country’s gross domestic product shrank at an annual rate of 3.5 percent […]

Asian Stocks Mostly Lower

Posted June 9th, 2011 at 4:30 am (UTC-5)
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Asian stock markets closed mostly lower Thursday. Tokyo’s Nikkei index gained nearly one-quarter of one percent to finish at 9,467. Hong Kong’s Hang Seng index lost nearly one-quarter of one percent to finish the day’s trading at 22,609. Share prices were higher in Sydney, but lower in Manila, Shanghai, Taipei and Wellington. In currency trading, […]

Tags: , , Posted in Economy

Japan’s Nikkei Rises, Dollar Falls

Posted June 9th, 2011 at 2:20 am (UTC-5)
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Japanese markets closed higher Thursday, while the U.S. dollar is higher against the Japanese yen. Tokyo’s Nikkei index gained nearly one-quarter of one percent to finish at 9,467. In currency trading, the dollar was selling at 80.08 yen, a gain of nearly one-quarter of a yen from Wednesday. The Taipei market closed at 9,001, a […]

Tags: , , Posted in Economy

French IMF Candidate Voices Satisfaction After Beijing Talks

Posted June 9th, 2011 at 12:10 am (UTC-5)
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French Finance Minister Christine Lagarde says she is “very satisfied” after two days of talks with Chinese leaders about her bid to become managing director of the International Monetary Fund. Lagarde spoke to reporters in Beijing Thursday following her meetings with Vice Premier Wang Qishan, central bank chief Zhou Xiaochuan, and other senior officials. She […]

Belarus President Slashes Fuel Prices Following Protests

Posted June 8th, 2011 at 9:00 pm (UTC-5)
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Belarus President Alexander Lukashenko on Wednesday slashed the prices of fuel following protests along the streets of the capital, Minsk. The government had raised the cost of fuel by 30 percent the day before, prompting hundreds of motorists to stage a protest rally along the main avenue in the capital city. Meanwhile, Russia’s state-controlled exporter […]

Tags: , , , Posted in Economy, Europe

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