World Bank’s Lin: China revaluation would hurt U.S.

May 15th, 2010 by User | No Comments | Filed in Financial News

CHICAGO (crawlindia) – The chief economist for the World Bank said on Saturday that if China were to revalue its currency it would actually hurt rather than help the U.S. economy.

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Europe needs quantum leap in budget oversight – Trichet

May 15th, 2010 by User | No Comments | Filed in Financial News

BERLIN/ZAGREB (crawlindia) – Europe’s central bankers said on Saturday their governments had at best bought time with a $1 trillion rescue, and called for radical action to curb budget deficits and harsh punishments for those who strayed.

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BP struggles in latest bid to contain U.S. oil spill

May 15th, 2010 by User | No Comments | Filed in Financial News

PORT FOURCHON, La. (crawlindia) – British energy giant BP’s latest effort to contain the massive Gulf of Mexico oil spill has run into problems, U.S. Interior Secretary Ken Salazar said on Saturday, while the company’s chief executive appeared to dismiss the disaster as “tiny.”

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Reliance Comm Q4 net falls but less than forecast

May 15th, 2010 by User | No Comments | Filed in Financial News

NEW DELHI (crawlindia) – Reliance Communications, the country’s No. 2 mobile phone operator, reported a 16 percent fall in quarterly profit, as a call price war in the world’s fastest-growing mobile market took its toll, but the profit fall was smaller than expected.

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Russia to decide on future eurobonds in autumn

May 15th, 2010 by User | No Comments | Filed in Financial News

ZAGREB (crawlindia) – Russia may not borrow again on foreign markets this year and a decision on future sovereign borrowing abroad would be made in a few months, Deputy Finance Minister Dmitry Pankin said on Saturday.

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East Europe 2010 GDP outlook raised but EU impact seen

May 15th, 2010 by User | No Comments | Filed in Financial News

ZAGREB (crawlindia) – Development lender EBRD raised its 2010 economic outlook for eastern and central Europe on Saturday but cut growth estimates for some countries, warning of a risk from fallout from Greece’s sovereign debt crisis.

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BP mum on latest bid to contain U.S. oil spill

May 15th, 2010 by User | No Comments | Filed in Financial News

PORT FOURCHON, La. (crawlindia) – British energy giant BP declined to say on Saturday whether its latest effort to contain the massive Gulf of Mexico oil spill worked, as BP’s chief executive appeared to dismiss the disaster as “tiny.”

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Support for Greek ruling party slips to 29 pct – poll

May 15th, 2010 by User | No Comments | Filed in Financial News

ATHENS (crawlindia) – Support for Greece’s ruling socialists fell to 28.6 percent in May from 34.5 percent in March, an opinion poll published in Ethnos newspaper on Saturday said.

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Bids for one all-India 3G licence hit $3.5 bln

May 15th, 2010 by User | No Comments | Filed in Financial News

NEW DELHI (crawlindia) – Bids for one set of nationwide third-generation (3G) mobile spectrum licences reached 158.14 billion rupees ($3.5 billion) on the 31st day of an auction, an indication the government could earn revenue of about 639 billion rupees from the auction.

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Suzlon sees slow Mideast wind energy growth

May 15th, 2010 by User | No Comments | Filed in Financial News

MANAMA (crawlindia) – Suzlon Energy expects the Middle Eastern wind energy market to remain small in size as governments have not yet moved to provide frameworks to boost the industry, its head said on Saturday.

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