Monday, October 25, 2010

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European Industrial Orders Increased Twice as Much as Projected in August
Bloomberg
By Simone Meier - Mon Oct 25 09:00:00 GMT 2010 European industrial orders increased more than twice as much as economists forecast in August, led by demand for capital goods such as machinery. Orders in the 16-nation euro area jumped 5.3 percent from ...
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FOREX-Dollar sell-off resumes after G20, eyes on Fed
Reuters
By Anirban Nag TOKYO, Oct 25 (Reuters) - The dollar dropped broadly on Monday, hitting a 15-year low versus the yen, as a Group of 20 agreement to shun competitive currency devaluations was taken as a green light to resume dollar selling by investors. ...
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HK Shares End Up Led By Coal, Oil Firms; Further Gains Eyed
Wall Street Journal
HONG KONG (Dow Jones)--Hong Kong shares ended higher Monday, led by coal companies after Yanzhou Coal reported strong third-quarter earnings, and oil companies due to higher oil prices. The blue-chip Hang Seng Index rose 110.37 points, or 0.47%, ...
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G-20 Sketches Out New Currency Steps
Wall Street Journal
The Group of 20 nations are pursuing an accord to end battles over currencies that relies on goodwill and peer pressure rather than enforceable sanctions. US efforts to prod China to let its currency appreciate ran into flak in the Group of 20 as other ...
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Singapore Exchange to Buy Australian Exchange Operator
New York Times
By BETTINA WASSENER HONG KONG — The Singapore stock exchange said Monday that it would offer to buy its Australian counterpart for $8.3 billion, a purchase that would create a leading player in a region that has not yet seen the major consolidation ...
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Tribune Company Ousts Chief and Eyes Exit Plan
New York Times (blog)
The Tribune Company's board resolved on Friday what had been its preoccupation for most of the week: sealing the fate of Randy Michaels, the controversial chief executive whose boorish behavior and cronyism became a dark sideshow to his bankrupt ...
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Mail.ru Eyes $5.7 Billion IPO Valuation
Wall Street Journal
By WILLIAM MAULDIN MOSCOW—Russian Internet firm Mail.ru Group Ltd., which owns a stake in Facebook, will seek a higher-than-expected valuation of $5.7 billion in a London initial public offering, the company said Monday. Mail.ru, which includes largely ...
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RPT-UPDATE 1-Hermes shares jump after LVMH buys stake
Reuters
By Astrid Wendlandt PARIS, Oct 25 (Reuters) - Shares in luxury goods makers Hermes (HRMS.PA) and LVMH (LVMH.PA) rose sharply on Monday after LVMH revealed it had built up a 17.1 percent holding in its smaller rival and said it was not planning a ...
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BP sells four Gulf of Mexico oil fields
The Guardian
BP has raised $650m (£413m) by selling four oil fields in the Gulf of Mexico, the latest in a series of asset sales following the Deepwater Horizon disaster. The oil giant announced this morning that Marubeni Oil and Gas, a Japanese company, ...
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The Guardian


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