Archive for October, 2009

SBI earnings climb by 10%
Economic Times
MUMBAI: State Bank of India, the nation's largest, said quarterly earnings climbed 10% on gains from bonds and currency trading even as its profits from

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Emirates Business 24/7
ACM increases capital by Dh26m to Dh100m
Emirates Business 24/7
Advanced Currency Markets (ACM) Middle East and Asia, an online currency trading company, has increased its capital by Dh26 million to Dh100m,

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Stock Watch
Hind Unilever net down 21.6% on forex loss, rejig
Hindu Business Line
Mumbai, Oct 31 Hindustan Unilever Ltd (HUL) has reported a 21.6 per cent drop in net profit for the quarter ended September 2009 due to mark-to-market forex
India's Unilever Sept qtr net drops 21.6pctReuters India
Hindustan Unilever Q2 PAT at Rs4.29bnIndia Infoline.com

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ABC News
Scary Halloween News! Retail Gas Prices Hit Highest Level This Year
Examiner.com
The weaker dollar US Dollar is also a large contributing factor, since crude oil's worldwide price is determined in US Dollars, a less valuable currency
Birmingham-area gas prices surging at time when typically they fallal.com

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Wockhardt Posts Consolidated Net Loss on Foreign Exchange Hit
Wall Street Journal
Saturday reported a third-quarter consolidated net loss, hurt primarily by an exceptional loss resulting from fluctuations in foreign-exchange rate.

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Fidelity Helps Investors Shop Abroad
Barron’s
To trade, you have to have enough US dollars on hand (displayed as cash available to buy securities) or the foreign currency needed to place the order.

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Fidelity Helps Investors Shop Abroad
Barron’s
To trade, you have to have enough US dollars on hand (displayed as cash available to buy securities) or the foreign currency needed to place the order.

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Weak economic data pushes dollar higher in past week
Xinhua
Risk appetite in currency trading picked up temporarily on Thursday amid a strong US GDP report, but pulled back on Friday after a report showed that

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US nonmilitary intelligence budget totals nearly $50 bln in 2009
Xinhua
WASHINGTON, Oct. 30 (Xinhua) — The United States nonmilitary intelligence budget totaled at 49.8 billion US dollars in 2009, marking a 2-billion-dollar

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Seattle Post Intelligencer
Oil slumps on weak consumer spending data
Xinhua
Light, sweet crude for December delivery fell 2.87 US dollars, or 3.6 percent, to settle at 77.00 dollars a barrel on the New York Mercantile Exchange.
BP third quarter profits downThe Press Association
OIL FUTURES: Nymex Crude Rising On Weaker DollarWall Street Journal
Iran Sees No Need to Increase OPEC OutputCRIENGLISH.com
Times and Transcript -Trinidad & Tobago Express
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