GERMANY

Germany raises 2011 growth outlook

Germany raised its official growth forecast for 2011 from 1.8 percent projected in October last year to 2.3 percent, signaling Europe's largest economy is poised to drive global recovery this year.

World stocks hit near 2-1/2 year high

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World stocks hit their highest in nearly 2-1/2 years on Wednesday and the dollar dipped to eight-week troughs as strong fourth-quarter corporate earnings boosted confidence the world economic recovery would keep its momentum.
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BSE Sensex edges higher as metals climb

The BSE Sensex nudged up 0.2 percent on Wednesday powered by metal producers on firm world metal prices, but trading was choppy reflecting investor concern about inflation and a looming rate rise.
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World stocks at high, euro jumps on ZEW

- World stocks hit a fresh 28-month high on Tuesday, while the euro climbed on new evidence of robust growth in Germany and signs that policymakers will eventually firm up plans to ease the euro zone's debt crisis.
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Markets skeptical of euro zone urgency over rescue

Investors showed growing scepticism on Tuesday that euro zone finance ministers will thrash out an agreement soon to beef up a rescue fund as part of measures to end the region's sovereign debt crisis.
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Euro soft, rescue fund in focus

The euro was on shaky ground on Tuesday with no imminent decision in sight on how to beef up the euro zone's rescue fund, while Asian tech shares outperformed despite news that Apple Inc CEO Steve Jobs is taking medical leave.
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Euro zone starts talks on EFSF tweaks, decisions later

Euro zone finance ministers discussed on Monday having more money in their rescue fund and cheaper emergency loans as part of a package of measures to end the sovereign debt crisis, but they made no firm decisions.
Apple Inc. CEO Steve Jobs at an event at Apple headquarters in Cupertino

Apple shares plunge in Germany on Jobs’ medical leave

Apple Inc. (Nasdaq: AAPL) shares plunged on German stock exchanges today after it was reported that Chairman Steve Jobs would take another leave of absence, fuelling worries about the potential length of his absence and the extent of his health issues.

Algeria snaps up wheat, seen securing supplies

Algeria bought 600,000 tonnes of wheat, traders said on Monday, snapping up grain at a time of high prices and tight supply even as neighbouring countries take measures to head off Tunisia-style unrest over food inflation.
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Euro zone finance ministers discuss changes to rescue fund

Euro zone finance ministers called on Monday for an increase in the effective lending capacity of the currency bloc's rescue fund, but EU paymaster Germany said there was no urgency and it would be March before a firm plan was in place.

Gold rebounds from sharp fall after China move

Gold rebounded slightly on Monday from a one-percent fall in the previous session, after China further tightened its monetary policy to curb inflation, and holdings in the gold-backed exchange-traded fund continued falling.
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Trichet urges enhanced Europe standby fund

European Central Bank President Jean-Claude Trichet urged Ireland and Greece to live up to commitments made in return for financial help and said a broader European safety fund should be beefed up.
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Swiss tax whistleblower to give WikiLeaks new data: report

A former Swiss private banker who was one of the first whistleblowers to use WikiLeaks by publishing internal bank documents on the site has pledged to hand over new data on offshore bank account holders on Monday, a newspaper said.

Swiss whistleblower to handover offshore banking secrets to Wikileaks

The offshore bank account details of 2,000 high net worth individuals and corporations - detailing massive potential tax evasion - will be handed over to the WikiLeaks organisation in London on Monday by the most important and boldest whistleblower in Swiss banking history, Rudolf Elmer, two days before he goes on trial in his native Switzerland.
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Wait for complete package on debt crisis: Merkel

German Chancellor Angela Merkel said on Saturday any measure to stabilize the euro should come within a complete strategic package, dampening hopes for a quick decision on moves to tackle the euro zone debt crisis.
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Howrey struggling with European IP practice

Howrey is struggling with its European intellectual property (IP) practice following the departure of its London-based managing partner Mark Hodgson, who has joined Field Fisher Waterhouse.
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Sanofi says position on Genzyme talks unchanged

French drugmaker Sanofi-Aventis would not confirm a report in daily Le Figaro on Friday saying it hoped to reach a takeover deal that would value U.S. target Genzyme at around $76 per share, or some $20 billion.
Axel Weber

Inflation risks could move to upside -ECB's Weber

Inflation risks in the euro zone could well move to the upside and the 17-country region's economic outlook has clearly improved, European Central Bank Governing Council Axel Weber said on Friday.

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