Treasury Secretary Timothy Geithner on Wednesday repeated his call for Congress to pass financial reform legislation that curbs risk-taking by big financial firms and ensures they can absorb their own losses. Geithner, in prepared testimony on the Obama administration's fiscal 2011 budget plan that was identical to earlier written remarks, told the House of Representatives
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Sales of newly built single-family homes unexpectedly fell to a record low in January, according to government data on Wednesday that hinted at potential trouble for the fragile housing market recovery. The Commerce Department said sales dropped 11.2 percent to a 309,000 unit annual rate, the lowest level since records started in January 1963, from
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U.S. stocks trimmed gains on Wednesday after new home sales unexpectedly dropped to a record low in January, while Federal Reserve Chairman Ben Bernanke reiterated interest rates will stay low for a long time. * The Dow Jones industrial average (.DJI) rose 51.62 points, or 0.50 percent, to 10,334.03. The Standard & Poor's 500 Index
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Britain's top share index had gained 0.3 percent in thin trade by midsession on Wednesday, as energy stocks pushed higher and banks rose ahead of results, offsetting weakness among miners. By 1143 GMT the FTSE 100 was 14.09 points higher at 5,329.18 after it closed 0.7 percent lower the previous session. Investors in the UK
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World stocks hit a one-week low on Wednesday while U.S. stock futures pointed to a steady open as investors looked to congressional testimony from Federal Reserve chairman Ben Bernanke for more clarity on interest rates. Investors remained wary after Tuesday's sharp drop in U.S. consumer confidence and a fall in German business sentiment. U.S. consumer
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Thomson Reuters Corp reported a lower quarterly profit and said it expects 2010 revenue to be flat or to fall slightly because of the impact of negative net sales last year. Fourth-quarter underlying profit fell 16 percent to $661 million. Adjusted earnings per share came to 44 cents, compared with 50 cents a year earlier,
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U.S. stock index futures pointed slightly higher on Wednesday as investors awaited congressional testimony from Federal Reserve Chairman Ben Bernanke for clues to the U.S. central bank's thinking on the economy. Bernanke gives semiannual testimony on monetary policy and the state of the economy before the U.S. House Financial Services Committee. Investors wonder if a
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Investors are notified that the interest rate of the Bonds 2013/2018 of Alpha Bank Cyprus Ltd for the three months 28/02/2010 – 29/05/2010 has been set at 2.459%.
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The Board of Directors of Interfund Investments Plc (INF) has decided to commence procedures to reduce the Company’s share capital by 708.556 shares that are currently held by the Company under its share buyback programme. The Board of Directors of Interfund Investments also decided to propose to the Annual General Meeting the payment of a
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Democratic Party (DIKO) Central Committee members voted last night by an overwhelming majority to stay in the government coalition. From last night’s ballot, 124 members of the central committee voted to stay in the government while 46 voted to leave. There were two abstentions. In statements after the meeting, DIKO President Marios Garoyian expressed satisfaction
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