Middle East Economy
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Qatar Sovereign Fund On Buying Spree: Royal Dutch Shell, Xstrata, Eni, TotalMay 11 2012 9:54 AM
The Qatar Investment Authority (QIA) is on an investment spree, bulking up its holdings in several major companies including Royal Dutch Shell Plc (NYSE: RDS.A), Eni SpA (NYSE: E), and Xstrata PLC (London: XTA), and the sovereign fund has already taken a holding Total SA (NYSE: TOT) and is pursuing avenues to invest in Glencore International Plc (London: GLEN), sources reported Friday.
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Respite From Euro Jitters, US Jobs Bolster Stocks: Daily Markets WrapMay 10 2012 4:14 PM
New Labor Department data suggests a strong start to jobs growth in January may not get wiped out by negative growth heading into the third quarter.
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Microsoft Going ?Carbon Neutral? On July 1May 10 2012 4:03 PM
Microsoft (Nasdaq: MSFT), the world's biggest software company, said it will go ?carbon neutral? on July 1, the start of its new fiscal year.
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Algerian Parliamentary Election Marred By Voter Apathy, Despite Promises Of Fairness, TransparencyMay 10 2012 11:19 AM
The government is also permitting about 500 foreign observers, including 120 from the European Union, to monitor the elections.
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Spain, Greece Send Buyers To German, US Bonds: Daily Markets WrapMay 09 2012 4:17 PM
Anti-austerity momentum in Greece continued to weigh down markets with the prospect of the country defaulting or leaving the euro. Spain?s Ibex 35 Index lost 3 percent, led by bank stocks, while its 10-year yields rose more than 6 percent over banking-sector concerns.
- Indian Shares Close Down, Gold Hits Four Month Low, Eurozone Crisis Weighs
May 09 2012 9:51 AM
Bombay Stock Exchange (BSE) sensex closed at a four month low by shedding nearly 67 points on Wednesday as weak global trends triggered heavy fund outflows. The BSE bench mark 30 share index lost 66.60 points to reach 16,479.59, dragged down by sharp declines in Reliance industry and banking stocks. Reliance Industries dropped for the sixth day by losing 1.91 per cent to Rs 695.10 after it cut the estimates for actual natural gas reserves available in its Indian blocks.
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India Explains To US Why It Needs IranMay 08 2012 10:24 AM
India Tuesday conveyed to the US that it has to look at the Western sanctions on Iran beyond the issue of energy, as it has critical stakes in the region.
- Clinton Urges Pakistan To Fight Terrorism, Asks India To Cut Iranian Oil Imports
May 08 2012 8:35 AM
U.S. Secretary of State Hillary Clinton has warned Pakistan that it must do a better job of fighting terrorists operating within its borders, according to the Press Trust of India.
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Armenia?s Ruling Party Wins Re-Election; Serbia Faces Presidential Run-OffMay 07 2012 1:46 PM
About 150 people were injured when gas-filled balloons exploded during a rally for the Republican Party in the capital city of Yerevan
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India Defers Retrospective Taxation Move; Market And Rupee CheerMay 07 2012 9:58 AM
In an interim relief to the foreign investors, Indian Finance Minister Pranab Mukherjee Monday said that the government would delay the implementation of the General Anti-Avoidance Rules (GAAR) by one year.
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Greek Polls: Chance Of A Hung Parliament Raises Concerns Over Eurozone FutureMay 06 2012 7:08 AM
Polling began in Greece Sunday in an early general election that could push the debt struck country to further turmoil and uncertainty.
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India?s Central Bank Intervenes To Protect Weak Rupee; Trade Deficit And Tax Law Impacting Foreign InvestmentMay 05 2012 7:21 AM
The sharp decline in the Indian rupee coupled with strong demand for the dollar forced the Reserve Bank of India (RBI) to intervene and announce measures to ease the pressure on of the rupee.
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