Goldman Sachs Group Inc posted better-than-expected quarterly earnings, fueled by outsized bond trading profits. The New York-based firm reported net income for common shareholders of $3.03 billion, or $5.25 a share. That compares with $845 million, or $1.81 per share, in the year-earlier quarter. Analysts on average had forecast earnings of $4.24 a share, according to
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The world's top cell phone maker Nokia surprised investors by taking a major writedown at its struggling networks unit and revealing a fall in its smartphone sales from the previous quarter. Shares in Nokia fell 7.8 percent to 9.49 euros by 1058 GMT (6:58 a.m. EDT) on Thursday after the third quarter results. Nokia, battling
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Stock futures were flat on Thursday, a day after the Dow Jones industrial average (.DJI) topped the key 10,000 level and ahead of quarterly results from Goldman Sachs and Citigroup. The banks will report a day after stronger-than-expected results from JPMorgan Chase & Co (JPM.N) as well as stronger results from Intel Corp (INTC.O) helped
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The 2009 World Food Day on 16 October is marked by an EU stronger than ever in its commitment to improve access to food around the world. With the commitment made at the G8 meeting in Aquila for more than € 2 billion, in addition to the 'EU €1 billion Food Facility', the EU is
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Levies for Cyprus and four other Member States which exceeded their milk quotas come to just over EUR 99 mln for the 2008/2009 marketing year, according to a provisional calculation by the European Commission, based on Member States' annual declarations. Last year the total levy amounted to EUR340 mln. Five Member States (Austria, Cyprus, Italy,
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Britain's top share index fell on Thursday, ahead of more heavyweight U.S. bank results and after a 56-week closing high in the previous session. At 0807 GMT, the FTSE 100 was down 19.10 points, or 0.4 percent, at 5,237.00, led lower by energy stocks and miners. The index rose 2 percent on Wednesday lifted by
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European shares hit a one-year high for a second straight session on Thursday, with strong earnings from companies including JPMorgan and a surge in U.S. stocks boosting market sentiment. The FTSEurofirst 300 index of top European shares was up 0.3 percent at 1,019.42 points by 0836 GMT after rising to 1,021.63, the highest level in
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The final preparations for the opening of the new Larnaka International Airport continue in earnest by all concerned, Adamos Aspris, Public Relations and Communications Manager of Hermes Airports, has said in an interview with CNA, ahead of the airport’s official inauguration on 7 November. “We are in the final stretch to start operating the new
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The European Commission has warned member states about a worsening budget deficit and debt, combined with the growing number of elderly people, urging them to take measures. The warning came in a report, which notes also that Cyprus’ economy is included in a list of thirteen countries at 'high risk', together with Greece. The Commission
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The European paper and forest products sector is still being confronted with continued very low demand, prompting a number of rating actions in the first nine months of 2009, Moody's Investors Service said in a new report. However, while the rating agency still considers the impact of cyclicality on operating performance contraction in its ratings,
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