A response to a freedom of information request by Reuters showed accounting firm KPMG has been paid more than any other company for work related to Britain's plan to insure the risky assets of two banks. Seven firms have been paid a total of 26.5 million pounds ($42 million) for work related to the government's
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European shares followed Wall Street higher on Monday on optimism about the third-quarter earnings season, while the dollar gained for the second session in a row. Gold, currently running at record high prices, was up very slightly. European shares climbed in early trade after Philips Electronics offered a better-than-forecast earnings report. The pan-European FTSEurofirst 300
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Britain's top shares rose 1.0 percent early on Monday, regaining 5,200 points for the first time in over a year on advances in oil majors and a rally by Vodafone, with investors awaiting the next batch of U.S. earnings. By 0925 GMT the benchmark FTSE 100 was up 51.29 points at 5,213.16, a fresh high
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Singapore's central bank decided against encouraging currency appreciation at a policy review on Monday, saying it lacked faith in the global recovery and feared slower growth in the island's export-dependent economy. The Monetary Authority of Singapore (MAS) uses the currency as its main policy tool, and traders had pushed it higher, anticipating the central bank
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Turkey's Prime Minister Tayyip Erdogan said on Sunday that Armenia must withdraw from Nagorno-Karabakh in Azerbaijan to assure his parliament's approval for a peace accord signed between Turkey and Armenia late on Saturday. "Turkey cannot take a positive step towards Armenia unless Armenia withdraws from Azerbaijani land … if that issue is solved our people
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. BY COSTIS STAMBOLIS Following the completion of a recent exploratory drilling in the Prinos oil field, off the island of Thassos in the north Aegean, increased oil production has been reported by ‘Aegean Energy’, the company which currently manages the Prinos oil field complex. According to company sources, production from both Prinos and North
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Millions of mobile and online content users across Africa, the Middle East and Cyprus will reap the benefits of a landmark tie-up between MTN and IMImobile, an India-based software and managed services provider. The strategic partnership will allow MTN's 21 markets access to a repository of current and globally popular content through enhanced delivery platforms.
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. My computer guru used to be a regular eater-out. When fixing me some new software the other day I asked if he had had any good meals lately. “Only at home”, he said, “The places I used to go to seem to have tackled the recession by increasing their prices. So they won’t be
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. Though China has liberalised and globalised many of its industries, sport has remained largely sheltered from commercialisation. But since Beijing was awarded the right to host the Olympic Games in 2008, more private money has flowed into the industry and a nascent market for sponsorship has developed, according to a new report from the
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. BY COSTA VAYENAS For outsiders, Japan is a land of mystery, formidable but opaque. Our perceptions are often little more than clichés that we try to apply, in vain, to an uncooperative reality. In the 1980s, with its economy thundering on all cylinders, Japan was regarded with awe as the benchmark for management and
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