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Business - Page 867

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Piraeus Bank confirms 1.05 bln euro capital boost

 Piraeus Bank <BOPr.AT>, Greece's fourth largest lender, said on Friday it plans to boost capital by 1.05 billion euros ($1.45 billion), in view of stricter capital adequacy rules. Confirming an earlier Reuters

29th October 2010
Business

Stronger commodities fuel FTSE gains; Shell advances

Britain's top share index rose on Thursday, buoyed by commodity stocks which rebounded after sharp falls in the previous session, with Royal Dutch Shell in demand as investors cheered its third-quarter results.

28th October 2010
Business

Russia eyes security firms to defend assets abroad

Russia is preparing legislation to set up private security firms using ex-soldiers and police to protect its oil, gas and mineral holdings in conflict zones abroad, a lawmaker and ex-KGB officer said

28th October 2010
Business

Bunds rally, euro zone periphery pressed again

German government bonds rose on Thursday, finding some support from stronger U.S. Treasuries and a further sell-off in peripheral euro zone debt, led by Portuguese and Irish bonds. Bunds were recovering after

28th October 2010
Business

Nikkei at 6-week closing low, BOJ effect fades

Japan's Nikkei average slipped to its lowest close in six weeks on Thursday as a short-covering boost after the Bank of Japan unveiled details of its asset-buying scheme failed to last. The

28th October 2010
Business

HK stocks edge higher as banks rise on earnings

Hong Kong stocks ended slightly higher on Thursday, with gains by banks on the back of stronger-than-expected earnings offsetting declines in property and energy counters. The benchmark Hang Seng Index closed up

28th October 2010
Business

Papaconstantinou: Greek 2009 deficit to be revised above 15%

Greece's much-revised 2009 budget deficit will be set "once and for all" by Eurostat at above 15 percent of GDP, the country's finance minister said on Wednesday. Greece's 2011 draft budget earlier

27th October 2010
Business

Greek economy to shrink by up to 3% in 2011

Greece's ecomomy will contract by up to 3 percent next year, the country's finance minister said on Wednesday. "Growth will contract by 4 percent this year, and next year by between 2.5

27th October 2010
Business

US CFTC unveils new tools to stop manipulation

The U.S. futures regulator laid out plans on Tuesday for how it could use new and beefed-up legal tools to foil traders who seek to manipulate prices or defraud investors. The Commodity

27th October 2010
Business

Britain’s Q3 GDP beats forecasts, but risks ahead

Britain's economy grew twice as fast as expected in the third quarter and ratings agency Standard and Poor's lifted the threat of a credit downgrade, a boost for a government under fire

27th October 2010
Business
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WTI holds near $72 amid hopes of Iran de-escalation

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