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Berlin draws up rules to control foreign state funds - Summary
Berlin - German Chancellor Angela Merkel's ruling coalition unveiled Wednesday new far-reaching rules to head off powerful foreign-owned state-controlled funds going on a shopping spree for companies in Europe's biggest economy. Of particular concern...

[Posted on : 2008-08-20 ] Category : [ Finance (General) ]

German economy shrinks for first time in four years - Summary
Berlin - The German economy shrank for the first time in almost four years, data released Thursday showed, falling by 0.5 per cent in the second quarter. But the slump was less than expected, with economists having forecast that the German economy wo...

[Posted on : 2008-08-14 ] Category : [ Finance (General) ]

IMF urges 'bias' toward rate hikes as US economy improves
Washington - The International Monetary Fund Wednesday suggested the United States should sharply raise interest rates to ward off inflation threats as the economy improves and turmoil in financial markets begins to ease. As the Federal Reserve prepa...

[Posted on : 2008-07-30 ] Category : [ Finance (General) ]

International stock market quotations
Frankfurt - The following index quotations were noted on the world's major stock markets:...

[Posted on : 2008-07-24 ] Category : [ Finance (General) ]

Frankfurt Sotck Exchange quotations
DAX6,440.70 (- 95.39) MDAX 8,309.39 (-256.82) Adidas39.15 (-0.02) Allianz114.39 (-1.86) BASF41.35 (-0.78) Bayer 53.99 (-0.12) BMW 30.48 (-1.39) Commerzbank 22.14 (-0.26) Continental 72.78 (+0.21) Daimler 38.47 (-4.09) Deutsche Bank 60.20 (-0.20) Deu...

[Posted on : 2008-07-24 ] Category : [ Finance (General) ]

Tycoon Abramovich to stand for seat in Far Eastern region assembly
Moscow - Russian tycoon Roman Abromovich has agreed to run for a seat in regional legislative elections, a move likely to see him head the parliament in a remote Far Eastern region. The Chelsea football club owner bowed to regional officials' request...

[Posted on : 2008-07-24 ] Category : [ Finance (General) ]

Credit Suisse returns to the black in second quarter
Zurich - Swiss banking giant Credit Suisse said Thursday it returned to the black in the second quarter of 2008, with net earnings of 1.2 billion francs (1.16 billion dollars). The figure was 62 per cent below the second-quarter 2007 result, but an i...

[Posted on : 2008-07-24 ] Category : [ Finance (General) ]

London Stock Exchange quotations
FT-100 Index5,376.40(+ 90.10) (+ 1.70 %) BAT Industries  1,793.00(+ 38.00) (+ 2.17 %) BP Amoco        521.00(+1.25) (+ 0.24 %) Diageo        913.00(-3.00) (- 0.33 %) HSBC Holdings   794.00(+ 29.50) (+ 3.86 %) Prudential    538.00(+ 24.50) (+ 4.77 %)...

[Posted on : 2008-07-18 ] Category : [ Finance (General) ]

International stock market quotations
Frankfurt - The following index quotations were noted on the world's major stock markets:...

[Posted on : 2008-07-18 ] Category : [ Finance (General) ]

Frankfurt Stock Exchange quotations
DAX6,382.65 (+111.38) MDAX 8,440.59 (- 26.23) Adidas38.01 (+0.24) Allianz111.17 (+5.20) BASF41.25 (+0.32) Bayer 53.33 (+0.48) BMW 30.10 (+0.64) Commerzbank 21.17 (+1.25) Continental 71.97 (-0.13) Daimler 41.09 (+1.49) Deutsche Bank 56.61 (+2.13) Deu...

[Posted on : 2008-07-18 ] Category : [ Finance (General) ]

 

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