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Saturday 7, March 2015
 
 
 
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More Business News
 
 
 
US stocks rise after $21 bn AbbVie-Pharmacyclics deal

NEW YORK: US stocks opened higher ending a two-day downturn Thursday, with AbbVie’s $21 billion takeover of cancer drug developer...

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Pak-EU needs to be more open to become formal strategic partners: Wigemark

ISLAMABAD: While highlighting various aspects of the Pak-EU relations, Ambassador to the European Union Delegation to Pakistan, Lars-Gunnar Wigemark on...

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Emirates eyes 50 to 70 Airbus or Boeing long-haul jets

BERLIN: Emirates Airlines is considering the purchase of up to 70 twin-engine Airbus A350s or Boeing 787s, company president Tim...

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ECB holds key rates steady

NICOSIA: The European Central Bank held its key interest rates steady, as expected, at its regular policy meeting Thursday, a...

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43 million ton sugarcane production target fixed in Punjab

MULTAN: The agriculture department has set the sugarcane sowing target of 1.853 million acres in Punjab with hopes of achieving...

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Allied Irish Banks posts first annual profit since 2008

DUBLIN:  Ireland’s state-rescued Allied Irish Banks posted its first annual profit since 2008 on Thursday as income jumped and an...

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Gold flat around $1,200/oz ahead of ECB meeting, U.S. data

LONDON: Gold steadied around $1,200 an ounce on Thursday after a three-day losing streak, as investors remained cautious ahead of...

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Emirates airline president sees low-cost consolidation in Asia

BERLIN: Emirates airline expects consolidation in the low-cost sector in Asia, the Dubai-based carrier’s president said on Wednesday. “I think...

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J.Martins profit slumps on costs, food deflation despite higher sales

LISBON: Portuguese retailer Jeronimo Martins on Wednesday posted a worse than expected 36.5 percent drop in quarterly net profit due...

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Arabicas rebound 6 percent on short-covering spree

NEW YORK/LONDON, Arabica coffee futures on ICE jumped 6 percent on Wednesday, snapping back from the prior session’s biggest tumble...

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Top Stories - Business
 
WASHINGTON: The US economy pumped out a strong 295,000 net new jobs in February...
 
 
Russian inflation hits 16.7% in fastest spike in over a decade MOSCOW: Russian inflation reached 16.7 percent in February as lower oil prices and Western sanctions...
 
 
Taiwan tenders to buy 83,950 T U.S. origin wheat -traders HAMBURG: The Taiwan Flour Millers’ Association has issued a tender to buy 83,950 tonnes of...
 
 
THE RUPEE: little recovery The rupee sustained its upward journey, picking up modestly against the dollar on the local...
 
 
Macquarie gives guidance for yen Pro bond issue SYDNEY: Macquarie Bank has released price talk for its inaugural offering of Pro bonds via...
 
 
India cbank eases bank loan rules for low-cost housing MUMBAI: India’s central bank has allowed lenders to add the cost of registration and stamp...
 
 
 
China manufacturing improves in February: HSBC
2nd March 2015
BEIJING: China’s manufacturing activity in February improved more than initially thought, HSBC said Monday, but weakening foreign demand and declining prices signalled the world’s second largest economy still faces multiple woes. The British bank’s final purchasing managers’ index...
 
 
 
 
 
 
 
Australia orders China group to sell ‘illegal’ Sydney mansion
3rd March 2015
SYDNEY: Australia on Tuesday ordered China’s Evergrande Real Estate Group to sell a Sydney mansion worth Aus$39 million (US$30 million), saying it was bought illegally under foreign investment rules. Cashed-up foreigners, many from China, have been blamed for driving...
 
 
 
 
 
 
 
Asian markets rise after China rate cut, US data
2nd March 2015
HONG KONG: Asian markets rose Monday after China at the weekend cut interest rates for the second time since November, while better-than-forecast US economic data helped push the dollar up against the yen. Investors will also be watching...
 
 
 
 
 
 
 
 
 
 
 
 

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