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Wed Aug 20, 4:03 AM ET SHANGHAI (AFP) - Chinese share prices surged to close 7.63 percent higher on Wednesday amid renewed hopes that Beijing will soon act to support the ailing stock market, dealers said.
The key index initially fell as low as 2,306.6..
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Wed Aug 20, 12:02 AM ET SHANGHAI (AFP) - Chinese share prices surged 5.89 percent by midday Wednesday amid speculation that the authorities will soon launch new measures to boost the ailing stock market, dealers said.
The benchmark Shanghai Composite I..
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Tue Aug 19, 2:59 PM ET MOSCOW (AFP) - Investments in the bonds of struggling US home-loan financers Fannie Mae and Freddie Mac have earned Russia more than a billion dollars in the past six months, press reports said Tuesday.
"The bonds in which we hav..
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Fri Aug 15, 5:07 PM ET NEW YORK (AFP) - US stocks closed narrowly mixed Friday as falling oil prices tamped down inflation worries and the dollar continued to rally on mounting signs of a slowing global economy.
The Dow Jones Industrial Average advance..
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Fri Aug 15, 6:56 AM ET LONDON (AFP) - Europe's main stock markets extended gains on Friday after an overnight rally on Wall Street which also helped to lift Japanese share prices, dealers said.
In late morning European trading, the FTSE 100 index of to..
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35 minutes ago NEW YORK (AFP) - The dollar was mostly higher against other major currencies Wednesday despite a report showing US retail sales fell in July as consumers tightened their belts.
Traders said the dollar had gained some support amid lingeri..
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Tue Aug 12, 4:56 PM ET NEW YORK (AFP) - US stocks closed lower Tuesday as several major banks unveiled fresh losses reminding investors that an already lengthy credit crunch is still biting financial firms balance sheets.
Traders said reports of losses..
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Tue Aug 12, 7:37 AM ET LONDON (AFP) - Europe's major stock markets fell on Tuesday as the European single currency slid to a near six-month low point against the dollar and oil prices extended their losses.
In late morning trading, the FTSE 100 index o..
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Mon Aug 11, 10:35 AM ET NEW YORK (AFP) - US stocks retreated Monday from a robust rally that capped a volatile week as investors digested signs of worrying slowdowns in some foreign countries.
The Dow Jones Industrial Average dropped 53.42 points (0.46..
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Mon Aug 11, 4:00 AM ET SHANGHAI (AFP) - Chinese share prices closed down 5.21 percent Monday, extending Friday's steep decline as investors rushed to dump stocks after losing hope that government support was imminent, dealers said.
The benchmark Shangh..
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by Justin Cole Thu Aug 7, 5:03 PM ET WASHINGTON (AFP) - Troubled US banking giant Citigroup has agreed to buy back 7.5 billion dollars' worth of tainted securities it marketed to tens of thousands of investors, US regulators announced Thursday.
The vas..
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1 hour, 17 minutes ago MADRID (AFP) - Spain's economy is in a worse state than the government had predicted but is still unlikely to slip into a recession, Economy Minister Pedro Solbes said in an interview published Sunday.
"For the past two months th..
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Wed Jul 30, 12:36 PM ET LONDON (AFP) - Blue chips closed higher as Wall Street remained firmer, with Rexam, Admiral and Aviva all continuing to gain after positive earnings news.
At close, the FTSE 100 index was up 101.5 points to 5,420.7, near a sessi..
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Tue Jul 29, 12:32 PM ET LONDON (AFP) - Blue chips closed firmer on Tuesday, amid gains on Wall Street as the price of crude fell, and as UK banks clawed back some of their earlier losses.
At the close, the FTSE 100 index was up 6.6 points to 5,319.2...
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by Roland Jackson Thu Jul 24, 7:58 AM ET LONDON (AFP) - Retail sales sank in June to record the largest monthly drop for 22 years, official data showed on Thursday, as consumers slashed spending amid an economic slowdown across the country.
Analysts wa..
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Mon Jul 21, 6:50 AM ET LONDON (AFP) - Europe's main stock markets fell on Monday when the financial services sector was dampened by news of a disappointing rights issue from British home loan provider HBOS, dealers said.
By late morning, London's FTSE..
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by William Ickes Sun Jul 20, 12:19 AM ET FRANKFURT (AFP) - The European Central Bank is trying to convince people in the eurozone that taking a tough stand on inflation will get them through lean economic times, arguing that long-term gains warrant shor..
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Sat Jul 19, 10:12 AM ET WASHINGTON (AFP) - US President George W. Bush assured Americans Saturday that the battered US economy will "pull through" despite continuing housing woes and a spike in inflation.
"I have great confidence that our economy will..
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Fri Jul 18, 8:24 PM ET LONDON (AFP) - Britain's economic downturn is worse than previously thought and there is no extra money available for public spending, finance minister Alistair Darling said in an interview published Saturday.
The chancellor of t..
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25 minutes ago WASHINGTON (AFP) - The IMF on Thursday slightly raised its growth forecasts for the world including the United States but said the global economy remains in a "tough spot" due to rising inflation amid a slowdown.
World output is expected..
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