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28 Apr 2005 08:29 AM
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BoJ says deflation continues:
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Bank of Japan said deflation will continue for an eight year making it keeping rates at the same zero level.
``It is not certain whether or not there will be occasion to change the present framework of the quantitative easing policy’ in fiscal 2005 and 2006», the central bank said.
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28 Apr 2005 08:14 AM
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China’s economy to slowdown but get steady:
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On Wednesday the World Bank released some contradictory data about China’s economy forecasting its soft landing in next years.
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28 Apr 2005 08:09 AM
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Siemens hopes to get rid of handset business:
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Siemens, the leading German engineering manufacturer, warned that its 2005 earnings can take a dip on the cost of handset unit restructuring.
Siemens’ new chief executive Klaus Kleinfeld revealed the plan to spin off the unit that posted loss of €138m (
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28 Apr 2005 07:25 AM
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MERRILL LYNCH CUT BROCADE COMMUNICATIONS TO "SELL" FROM "NEUTRAL":
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MERRILL LYNCH CUT BROCADE COMMUNICATIONS TO "SELL" FROM "NEUTRAL"
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28 Apr 2005 07:23 AM
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DEUTSCHE BANK RAISED BIOGEN TO "HOLD" FROM "SELL":
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DEUTSCHE BANK RAISED BIOGEN TO "HOLD" FROM "SELL"
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28 Apr 2005 06:41 AM
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AstraZeneca first-quarter profit rose 31%:
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AstraZeneca, Europe’s third- largest drugmaker, reported on Thursday that its first-quarter profit rose 31%.
Profit rose to $1.04 billion, or 63 cents a share, from $799 million, or 47 cents a share, in the previous year.
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28 Apr 2005 06:36 AM
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Royal Dutch/Shell first-quarter income rose 42%:
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Royal Dutch/Shell Group, the world’s third-largest oil company by market capitalization, reported on Thursday that its first-quarter income rose 42% on high energy prices.
Income
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28 Apr 2005 06:31 AM
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Alcatel SA reported today that its quarterly profit fell 55%:
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Alcatel SA reported today that its quarterly profit fell 55%.
Profit tumbled to 124 million euros ($160.4 million) from 278 million euros in the previous year. Operating profit rose 27% to 107 million euros from 84 million euros.
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28 Apr 2005 06:26 AM
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Deutsche Bank first-quarter income rose 17%:
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Deutsche Bank AG, Germany’s biggest bank by assets, reported today its first-quarter income rose 17%
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28 Apr 2005 06:02 AM
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Nomura Holdings fourth-quarter profit fell 64%:
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Nomura Holdings, Japan’s largest securities firm, reported today its fourth-quarter profit fell 64%.
Profit tumbled to 25.5 billion yen ($241 million), or 13.16 yen a share, , from 69.9 billion yen, or 36.01 yen a share, last year. For the total year profit dropped 45% to the lowest level since 2001. Annual profit fell to 94.7 billion
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28 Apr 2005 05:49 AM
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Hitachi 2005 forecasts beat expectations:
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Hitachi Ltd.,Japan's largest electronics conglomerate, reported today its annual results.
Profit rose to 279.06 billion yen from 184.86 billion yen last year. The company expects its 2005 profit to rise to 300 billion yen ($2.83 billion). Analysts were expecting 256.3 billion yen.
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28 Apr 2005 05:27 AM
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MARKET SNAPSHOT: JAPANESE EQUITIES:
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The Nikkei advanced 3.48 points to 11,008.90, the TOPIX index fell 0.03% to 1,129.93.
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28 Apr 2005 03:21 AM
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MORGAN STANLEY CUT ASM TO "UNDERWEIGHT" FROM "EQUAL-WEIGHT":
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MORGAN STANLEY CUT ASM TO "UNDERWEIGHT" FROM "EQUAL-WEIGHT"
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27 Apr 2005 05:54 PM
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Perelman’s lawsuit against Morgan Stanley takes unexpected direction:
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James Comyns gave an affidavit about his approach of three jurors in Ronald Perelman’s case against Morgan Stanley stating he is not involedin the case.
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27 Apr 2005 04:43 PM
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Bush: military bases turn into oil refinery sites:
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The US President George W. Bush plans to propose using closed military bases as sites for oil refineries – the move that marks one of the five initiatives to revamp US energy sector.
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