Archive for April 2nd, 2008
Wednesday, April 2nd, 2008
SAO PAULO, April 2 (Reuters) - Brazil's central bank saidon Wednesday it would hold an auction to buy dollars on thespot foreign exchange market as part of an ongoing effort toboost international reserves. The Brazilian real BRBY<BRL=> was 0.86 percent strongerat ...
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Wednesday, April 2nd, 2008
(Updates with details on operation) NEW YORK, April 2 (Reuters) - The U.S. Federal Reserve sold$5 billion of Treasury coupons to drain permanent U.S. bankingreserves, the New York Fed said on Wednesday. This type of operation ...
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Wednesday, April 2nd, 2008
(Updates to show stocks turning higher) NEW YORK, April 2 (Reuters) - U.S. stocks turned higher onWednesday, with financial shares extending gains from Tuesday'ssharp rally on signs the worst of the credit crisis may beover. The ...
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Wednesday, April 2nd, 2008
(Adds recession comment, details from testimony, background,byline) By Mark Felsenthal WASHINGTON, April 2 (Reuters) - Federal Reserve ChairmanBen Bernanke said on Wednesday the U.S. economy could face amild recession but that growth should pick up as the ...
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Wednesday, April 2nd, 2008
AMSTERDAM (Reuters) - Belgian-Dutch financial group Fortis (FOR.BR: Quote, Profile, Research)(FOR.AS: Quote, Profile, Research) and China's Ping An Insurance Co Ltd (2318.HK: Quote, Profile, Research) have finalized a deal to set up a global asset management partnership, Fortis said on Wednesday. Ping An ...
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Wednesday, April 2nd, 2008
By Huw Jones BRUSSELS, April 2 (Reuters) - A disputed option of splittingup big telecoms operators into different business units to boostcompetition will be backed in a crucial report on draft EuropeanUnion telecoms legislation, an EU lawmaker said on Wednesday. ...
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Wednesday, April 2nd, 2008
DUBAI, April 2 (Reuters) - Qatar's telecoms regulatorinvited domestic firms and institutions on Wednesday to givetheir verdict on the services of Qatar Telecommunications CoQTEL.QA (Qtel). "The Supreme Council of Information and CommunicationsTechnology invited ... opinions and comment on the tariff ofservices ...
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Wednesday, April 2nd, 2008
BOSTON, April 2 (Reuters) - Jeff Neufeld, a seniortechnology executive at Fidelity Investments, is leaving, theworld's top mutual fund company said on Wednesday. Neufeld, who has been chief information officer atFidelity's Institutional Products Group since 2003, willretire, Fidelity spokesman Vin Loporchio ...
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Wednesday, April 2nd, 2008
April 2 (Reuters) - UBS upgraded its rating on PharmassetInc (VRUS.O: Quote, Profile, Research) to "buy" from "neutral," citing the company'spromising drug development programs, and said the stock'svaluation was attractive again. Shares of the company rose as much as 5.3 ...
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Wednesday, April 2nd, 2008
(In U.S. dollars) TORONTO, April 2 (Reuters) - A big MI Developments Inc(MIMa.TO: Quote, Profile, Research) shareholder is crying foul over a proposal to spinoff the company's majority stake in struggling racetrackoperator Magna Entertainment Corp (MECa.TO: Quote, Profile, Research), saying the ...
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