The Bank of England's Monetary Policy Committee voted unanimously this month to keep interest rates at a record low of 0.5 percent and maintain its 125 billion pound quantitative easing programme. Minutes to the June 3-4 MPC meeting published Wednesday showed no arguments were advanced for either pumping more newly-created money into the economy or
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The outlook for the global pharmaceutical industry remains negative, mainly due to looming patent expirations of top-selling drugs and weakening product pipelines, Moody's Investors Service said in a new report. "Despite the continuation of good profitability metrics, Moody's outlook for the industry remains negative as global pharmaceutical companies face maturing product portfolios and diminishing product
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Projects in the UAE that have been delayed or placed on hold have reached a collective value of USD 355 bln, thereby exceeding the total value of projects that are underway at USD 254 bln, according to data from Meed Projects. With aims to help create cost effective and resource-efficient building designs that can be
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President Barack Obama will unveil on Wednesday his plans for reshaping U.S. financial regulation, with proposals to close one bank regulator and create new overseers for big-picture economic risk and consumer financial product safety. In a package of reforms that takes on many tough jobs while avoiding at least one, the administration will call for
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Britain's top share index edged lower early on Wednesday, with miners down as confidence in the demand outlook for metals dimmed while Sainsbury slid after it announced plans to raise 445 million pounds. By 0759 GMT the FTSE 100 was 12.11 points, or 0.3 percent lower at 4,316.46 after creeping 2.56 points higher to close
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Asian stocks outside Japan fell for a fourth day on Wednesday, weighed by resource-related shares and doubts about a global economic recovery, while U.S. Treasuries eased on profit taking after a surge overnight. Japan's Nikkei share average outperformed the region, rising 0.9 percent on bargain hunting after a sharp drop on Tuesday and a shift
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Sales of Palm Inc's closely watched Pre mobile phone are running on track with — and exceeding some — Wall Street expectations after just over one week in stores. But analysts said it may be too soon to tell if the initial excitement will be dampened by new smartphones debuting from Palm's much bigger rivals:
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An intense and at times “ugly” price war seems to have erupted among auditors in Cyprus in their quest to maintain market share faced with demands for cost savings by clients, big and small. The undeclared war is probably one of the biggest challenges the new leadership of the Association of Certified Public Accounts of
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Aspis Holdings Public Company Ltd (ASP) released details of the acquisition of Proton Insurance SA, which has been finalised at EUR7.8 mln for the acquisition of 92.71% of Proton Insurance SA. Aspis will make a payment in advance of EUR 3 mln (which has been paid already). The balance of EUR4,8 mln is payable in
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Primetel Plc (PTL) announced that it has entered into a contractual agreement with Reliance Globalcom, which owns and manages a private underwater cable system of optical fibres. The agreement holds for the use of the latter’s network in order to provide access to the Company to other international networks based on an alternative-independent infrastructure. With
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