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Pound Rises after BoE Cuts Benchmark Rate By 50 Bps, But Leaves Doubt of Further Easing
Published January 8, 2009, 4:29 am, Daily FX
The BoE cut their benchmark rate by 50 bps as expected bringing it to 1.50% which is the lowest in the history of the central bank which extend back to 1694. The concern that inflation would undershoot their 2% target was the main reason for the reduction as prices are expected to fall further.
Ukraine Ambassador: If Resumed, Russian Gas Supplies Reach Bulgaria in 3 Hours
Published January 8, 2009, 4:25 am, Novinite.com
Ukraine's Ambassador to Sofia Viktor Kalnik said Thursday a press conference in Sofia that Russian natural gas supplies would reach Bulgaria within two or three hours after their restoration.
Satyam sheds 90% to $0.85; Sify Tech, ICICI Bank, HDFC Bank among other top losers
Published January 8, 2009, 4:14 am, Business Standard India
Indian shares listed on the American bourses settled mostly in the red, while Infosys defied the trend, after the New York Stock Exchange halted trading in Satyam Computer at its bourses.
US Porn Industry Tycoons Ask for USD 5 B Bailout over Financial Crisis
Published January 8, 2009, 4:10 am, Novinite.com
The American porn industry moguls Larry Flint and Joe Francis have asked the US Congress for a USD 5 B bailout bailout plan similar to that for car manufacturers because of the effects of the global financial crisis, the Telegraph reported Thursday.
Rate cut reaction
Published January 8, 2009, 4:05 am, ShareCast
LONDON (SHARECAST) - The Bank of England today cut rates by 0.5% thus further increasing the gap between European and UK interest rates in Europe's favour.
Sun Pharma informs Supreme Court of Israel regarding unresolved dispute
Published January 8, 2009, 3:51 am, PharmaBiz
Sun Pharmaceuticals has informed the Supreme Court of Israel that negotiations to reach a settlement to resolve the dispute with Taro management have been unsuccessful. Sun is now awaiting the decision of the Supreme Court.
Euro-Zone Economic Confidence Slumps to Record Low on Global Recession
Published January 8, 2009, 3:44 am, Daily FX
Economic confidence in the Euro-Zone fell to its lowest level since recordkeeping began in 1985 as the index plunged to 67.1 from 74.9 in November and unemployment rate increased to a two-year high of 7.8%, which suggests that the real economy is now feeling the spillover effects from the financial crisis.
Kazakhstan to supply grains and fuel to Tajikistan
Published January 8, 2009, 2:58 am, AgriMarket
Kazakhstan will ship wheat to the amount of 5 mln USD, diesel oil to the amount of 4 mln USD, and mazut to the amount of 3 mln USD to Tajikistan, informed the Ministry.
KfW launches first USD Global in 2009
Published January 8, 2009, 2:54 am, FinanzNachrichten
Frankfurt (ots) - KfW took advantage of a highly positive issuance environment in the USD market and launched its first USD 3-year global bond in 2009. ...
Healthcare Professionals Support S.D. Smoking Ban
Published January 8, 2009, 2:48 am, Yankton Press & Dakotan
With the 2009 legislative session looming, preliminary reports suggest a bill to ban smoking from bars and restaurants may be introduced.
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