Africa Economy
- HP?s CEO Chops 27,000 Jobs, Investors Cheer
May 24 2012 9:42 AM
Shares of Hewlett-Packard Co. (NYSE: HPQ), the No. 1 computer maker, leaped as much as 7.4 percent Thursday after the company said Wednesday it would fire 27,000 people.
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Iran Rejects West's Proposal On Nuclear Curbs, Talks Come To A StandstillMay 24 2012 8:12 AM
The talks between world powers and Iran over Tehran's nuclear program came to a standstill Thursday as it accused the P5+1 group (five permanent members of the UN and Germany) of creating a difficult atmosphere hindering talks.
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Rio Environmental Summit To Focus On Global Food Security IssuesMay 23 2012 4:12 PM
As soils, freshwater, oceans, forests and biodiversity are being rapidly degraded and climate change puts more pressure on the resources, it is time to rethink how we grow, share and consume our food.
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Nigeria To Deport Chinese Migrants Engaged In Illegal TradingMay 23 2012 2:10 PM
Ifeadi called the Chinese scavengers who were taking jobs that should be the exclusive preserve of Nigerian people.
- US Hopes Pakistan Will Reopen NATO Supply Routes
May 23 2012 10:47 AM
The US hopes that Pakistan will agree to reopen the supply routes to NATO troops in Afghanistan as the Senate has threatened to link the aid to Pakistan with the country's cooperation on the issue.
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Global Stocks Fall On Fears Of Greek Exit From Euro ZoneMay 23 2012 8:47 AM
Asian, European and U.S. stocks fell hard Wednesday on rising fears and uncertainty about a possible Greek exit from the euro zone as well as concerns over slowing economic growth.
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Indian Rupee Continues To Fall, Crosses 56 Mark Against Dollar; Analysts Seek Strong Corrective ActionMay 23 2012 6:46 AM
The Indian rupee descended to the all-time-low of 56.04 per dollar Wednesday even as the Reserve Bank of India and the Indian government said that they were monitoring the situation closely and taking corrective measures.
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European Stocks Boosted By Positive Outlook: Daily Markets WrapMay 22 2012 4:13 PM
Comments regarding a rebound in the Chinese economy from the Organization for Economic Cooperation and Development lifted stocks earlier Tuesday and kept Asian and European bourses in the green. The comments came after Chinese Prime Minister Wen Jiabao said last weekend his government would focus more on growth than inflation.
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Falling Indian Rupee: What Government Has Done To Protect EconomyMay 22 2012 9:56 AM
Blaming the Euro Zone crisis for a weak Indian economy Indian Finance3 Minister Pranab Mukherjee said that government is taking several steps to protect the economy and rupee from further pressures.
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OECD Sees Euro Zone Crisis Threatening Global RecoveryMay 22 2012 8:29 AM
The United States and Japan are leading a fragile economic recovery among developed countries that could yet be blown off course if the euro zone fails to contain the damage from its problem debtor states, the OECD said on Tuesday.
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Existing Home Sales, Durable Goods, China PMI: Economic Events For May 21 - 25May 21 2012 9:21 AM
This week's economic calendar is relatively light in the U.S. with the releases of existing home sales, durable goods orders, and the University of Michigan consumer confidence survey. Attention will likely focus on data out of Europe. Euro zone PMIs, Germany IFO survey, and first-quarter gross domestic product data for the U.K. will be released.
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Air India Likely To Hire Retired Pilots, Government Mulls Over Implementing Panel ReportMay 19 2012 5:35 AM
Air India is planning to hire retired pilots for flying international routes even as a strike by a group of pilots entered the 12th day Saturday.
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