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European stock markets slip at open
Europe's main stock markets weakened in opening deals on Tuesday, with London's benchmark FTSE 100 index down 0.11 per cent at 6,748.02 points.Elsewhere, Frankfurt's DAX 30 also fell 0.11 per cent to 8,446.78 points and in Paris the CAC 40 shed 0.37 per cent to ...
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STOCKS NEWS THAILAND-CIMB ups SET index target after banks telecoms earnings beat
Tue May 21, 2013 5:20am EDT CIMB Securities (Thailand) raised its 2013 target for the benchmark SET index to 1,810 from 1,700, reflecting better-than-expected first-quarter earnings of banks, telecoms and construction contractors, and good earnings outlook for the year. The first-quarter core net profit for the companies in its universe rose 8 percent year-on-year and 32 percent ...
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Microsoft revealing next Xbox platform and vision for future of games
Technology News: A tented stage has been set up at the technology giant Microsoft's headquarters in the city of Redmond in Washington State for an "Xbox Reveal" event to play out just weeks before a major annual E3 videogame conference in Los ...
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Microsoft prepares to unveil new Xbox
PlayStation 4 in February, tech pundits are desperate to see what the latest next-generation console will look like. Although it's the entertainment services under the hood that will matter in the long run.One thing is almost certain, judged on technical specifications alone, the next Xbox is set to be very similar ...
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Tuesday Newspaper Review - Irish Business News and International Stories - - May 21 2013
See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management ...
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Goldman Sees Gradual Rotation Into Stocks
Sheila Patel, head of international at Goldman Sachs Asset Management, says that the rotation is "gradual" and not "great", with money slowing moving back into ...
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Apple Sought Holy Grail Of Tax Avoidance
Apple CEO Tim Cook will today answer questions in the Senate about the company's use of affiliates located in Ireland to avoid paying billions of dollars in US income taxes. A Senate investigation has discovered Apple - the world's most valuable company - is holding overseas some $102bn in cash, and an Irish subsidiary that earned $22bn in 2011 paid only $10m in taxes. The ...
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Marks And Spencer Lowest Profits Since 2009
High street retailer Marks and Spencer has announced a fall in profits after a slump in clothing sales. The company made a pre-tax annual profit of £665.2m for 2012/13, down six per cent on a reported profit for 2011/12 of £705.9m. Chief Executive Marc Bolland said: "In a challenging market, M&S sales grew by 1.3%. Three of the four parts of the business made strong ...
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Vodafone keeps Verizon payout after European weakness
LONDON (Reuters) - Vodafone posted the largest ever fall in its main revenue measure on Tuesday, forcing it to keep a dividend from its healthy U.S. arm to compensate for a slump in southern ...
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Asia Markets Hong Kong Sydney stocks fall Tokyo ends up
HONG KONG (MarketWatch) -- Australian stocks declined, and Hong Kong equities snapped a three-day winning run on Tuesday, weighed by overnight losses on Wall Street and uncertainty over U.S. monetary ...
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EUROPE MARKETS Europe Stocks Pause After Rally Carnival Sinks
LONDON – European stock markets dropped on Tuesday, taking a breather after climbing to multiyear highs in the prior day's session.The Stoxx Europe 600 index lost 0.3% to 308.79, retreating from the highest closing level since June 2008, reached on Monday.Shares of cruise-ship operator Carnival PLC (CCL) sank 14%, after the firm late Monday slashed its full-year guidance, saying ...
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Credit Suisse replaces Morgan Stanley as No. 2 Asia prime broker
Reuters © The logo of Swiss bank Credit Suisse (CS) in seen in front of an office building at the Bahnhofstrasse in Zurich April 18, 2013. REUTERS/Arnd ...
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Marks Spencer profits fall again
Marks & Spencer have fallen for the second year in a row as its much maligned womenswear divison continued to disappoint.UK sales fell 1% overall, dragged down by a poor performance in general merchandise, which dropped 4.1% on a like-for-like basis.The results could have been worse had it not been for a 4.5% rise in international sales and a 16.6% boost in multichannel business. Food was ...
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G4S boss Nick Buckles quits
G4S , the company responsible for the botched handling of security at last year's Olympics.Buckles is being replaced by the company's chief financial officer, Ashley Almanza, who only joined G4S three weeks ago.The world's largest security company told the City this morning that Buckles, who was paid a basic salary of 830,000 a year, will leave on 31 May.His abrupt departure comes ...
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How Local Business Week highlighted issues affecting SMEs
Local Business Week (LBW) drew to a close on Sunday, leaving in its wake several interesting points to consider about the future of the British high street and its thousands of butchers, bakers, candlestick makers - and countless other small businesses.When we launched the campaign, the intention was to encourage shoppers to stay local for the week and make SME owners aware of the support and ...
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EU Bank Rescue Law Hurting Big Deposits
A draft law that a group of European Union lawmakers voted for on Monday would shield small depositors from losing their savings in future bank rescues, but customers with more than 100,000 euros in savings when a bank failed could suffer losses.A group of lawmakers in the European Parliament's economics committee overwhelmingly voted that, from 2016, large depositors in the EU might suffer ...
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Republicans See New Obama-Linked Scandal
With the White House already reeling from three major controversies, some Republican lawmakers are zeroing in on what they perceive is another possible scandal tied to President Barack Obama's landmark health reform law just as it nears implementation.On top of the troubles the administration is facing over its handling of the attack on the Benghazi mission, the Internal Revenue ...
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Baby Blues in Europe as Birth Rate Declines
The latest report from Europe's main statistics agency suggests that the European financial crisis has had an impact on birth rates across the continent since 2008, data supported by evidence from European demographic experts and a U.K.-wide parenting forum. The report entitled "Towards a 'Baby Recession' in Europe?" carried out by Eurostat, a statistical body of the ...
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Microsoft readies new Xbox as entertainment hub
Attendees play video games at Microsoft’s Xbox 360 display at the 2012 International Consumer Electronics Show at the Las Vegas Convention Center in Las Vegas, Nevada. AFP FILE PHOTO SAN FRANCISCO--Microsoft offers a glimpse Tuesday at a new-generation Xbox as videogame consoles evolve into home entertainment centers and adapt to competition from smartphones and tablets. A tented stage ...
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G4S Chief Quits After Embarrassing Setbacks
British outsourcing group G4S says its Chief Executive Nick Buckles will step down after a string of high-profile setbacks and a profit warning that damaged investor confidence. Buckles, who oversaw a staffing fiasco at the London Olympics last year as well as a failed $8bn takeover of Danish cleaning firm ISS during his eight-year tenure, will step down at the end of May. Ashley Almanza, ...
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Microsoft hopes on Xbox to change entertainment style
(53 mins ago) Microsoft offers a glimpse Tuesday at a new-generation Xbox as videogame consoles evolve into home entertainment centers and adapt to competition from smartphones and tablets. A tented stage has been set up at the technology giant's headquarters in the city of Redmond in Washington State for an "Xbox Reveal'' event to play out just weeks before a major annual ...
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Dollar firms as Fed suspense builds shares off highs
SINGAPORE (Reuters) - The U.S. dollar inched up against major currencies but stayed well off highs on Tuesday as investors cautiously traded expectations of whether Federal Reserve Chairman Ben Bernanke will hint at a sooner than expected reduction in bond-buying ...
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Atlas Copco Gets Mining Equipment Order in India Worth EUR8 Million
Swedish engineering group Atlas Copco AB (ATCO-A.SK) said Tuesday it has won a repeat order for mining equipment worth EUR8 million from Hindustan Zinc Ltd. (500188.BY).MAIN FACTS:-Equipment will be used in the Rampura Agucha mine in northwestern India.-Shares closed Monday at SEK178.90, valuing the company at SEK220 billion.-Write to Dominic Chopping at dominic.chopping@dowjones.com; Twitter: ...
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French Market Regulator Probes Natixis Restructuring - Report
The French market regulator AMF has opened an investigation into the planned restructuring of the French investment bank Natixis (KN.FR), reports French business daily Les Echos on Tuesday, without citing any sources.Natixis, part of the mutual bank Groupe BPCE, said in February it planned to sell the 20% stake it holds in the regional lenders Banques Populaires and Caisses d'Epargne back ...
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Magnolia Petroleum Participating in 11 Wells in Oklahoma
Magnolia Petroleum PLC (MAGP.LN), a U.S. onshore focused oil and gas exploration and production company, Tuesday said it is participating in eleven wells in Oklahoma for an aggregate net cost of $1.4 million.MAIN FACTS:-Continues to see and, more specifically, the considerable potential of the 13,500 plus net mineral acres it holds.-As part of Magnolia's on-going lease acquisition activity, ...
North America Feature
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North America's unknown potential disaster
North America is facing a potential ecological disaster that most people are not even aware of, according to scientists who have been studying the little brown bat (or myotis bat), the most common species of bat in the United States and the wider North American continent.
This is because the bat is under attack by a killer fungus that grows on the bats’ wings during hibernation and causes them to lose body fat and wake early from their sleep, which causes them to eventually die. The fungal infection is said by researchers to be capable of killing off the bat within the next 16 years when their current population, which numbers up to several million, may fall to just 0.01% of present levels. Read more
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