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Senin, 13 Juni 2011

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Japan retail fund value falls first time in 7 months
Reuters
TOKYO, June 13 (Reuters) - The value of Japanese investment trust funds targeting retail investors fell in May for the first time in seven months as a broad rise in the yen and falls in global share prices overwhelmed robust cash inflows into equities ...
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ENRC tops FTSE 100 on Glencore bid speculation
Financial Times
By Michael Hunter Bid speculation in the mining sector provided traders with some welcome distraction on Monday, as the lacklustre run on the FTSE 100 continued. Speculation that the embattled ferroalloys producer ENRC could find itself at the centre ...
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Forex - USD/JPY Daily Fundamental Analysis for June 14, 2011
ForexTV.com
By ForexMansion.com The USD/JPY pair traded in a narrow range with the beginning of the week on Monday, where both currencies gained against other majors as concerns about the global economy drove investors to invest in low yielding currencies like the ...
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Saab in Deal With Chinese Firms
Wall Street Journal
By CHRISTINA ZANDER STOCKHOLM—Saab Automobile's Dutch owner Spyker Cars NV Monday signed a new deal with two Chinese firms which, if cleared by regulators and existing investors, would effectively put control of the Swedish auto maker in the hands of ...
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China local govts borrowed around $1.4 trillion -c.banker
Reuters
BEIJING, June 13 (Reuters) - Chinese local governments have borrowed slightly more than 9 trillion yuan ($1.39 trillion) of bank loans via special financing vehicles, a central bank official told Reuters on Monday. The pile of debt incurred by local ...
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Oil Trades Near $99 a Barrel After Biggest Drop in Four Weeks
BusinessWeek
By Christian Schmollinger and Grant Smith June 13 (Bloomberg) -- Oil traded at about $99 a barrel in New York before reports that may show slowing economic growth in the US and China, curbing fuel demand in the world's two largest fuel consumers. ...
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Hong Kong shares snap losing streak on banks, China ends weaker
Reuters
By Vikram Subhedar and Yixin Chen HONG KONG/SHANGHAI, June 13 (Reuters) - Hong Kong shares snapped a seven-day losing streak on Monday as banks led a late rally, setting up the benchmark for a possible bounce from oversold conditions if inflation data ...
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HSBC says will run down US card business if buyer not found
Reuters
JAKARTA, June 13 (Reuters) - HSBC Holdings will run down its $33 billion US credit card business if it cannot find a buyer, the bank's chief executive said on Monday, part of efforts to slash costs and cut back on retail banking. ...
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US Stock Futures Are Little Changed; Transatlantic Rallies
BusinessWeek
By Giles Broom June 13 (Bloomberg) -- US stock-index futures were little changed, indicating the benchmark Standard & Poor's 500 Index will remain near a three-month low. Transatlantic Holdings Inc., the reinsurer formerly owned by American ...
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Hanwha Chemical Sells Drug Marketing Rights To Merck For $720 Mln
Wall Street Journal
(Recasts lead, adds context in the second pargraph.) By Min-Jeong Lee Of DOW JONES NEWSWIRES SEOUL (Dow Jones)--South Korea's Hanwha Chemical Corp. (009830.SE) said Monday it has agreed to sell marketing rights and technology for its drugs produced by ...
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US banks to cut Treasuries use
Financial Times
By Michael Mackenzie and Aline van Duyn in New York Some of Wall Street's biggest banks are preparing to cut their use of US Treasuries in August as a precaution against any turbulence that could follow if warring Republicans and Democrats fail to ...
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Regions Fin'l board probes some disclosures: WSJ
MarketWatch
By Robert Daniel TEL AVIV (MarketWatch) -- The audit committee of Regions Financial Corp.'s board is looking into whether some of the Birmingham, Ala., banking firm's top managers delayed disclosing to the public certain potentially bad loans, ...
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Is Hong Kong's IPO window closing?
MarketWatch
By Craig Stephen HONG KONG (MarketWatch) — It is a nervous time for the queue of companies waiting to list in Hong Kong. The initial-public-offering window that has attracted companies from all corners of the globe could be drawing to a close, ...
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Stocks: Losing streak meets economic reports
CNN
By Ken Sweet, contributing writer June 12, 2011: 5:11 PM ET NEW YORK (CNNMoney) -- Wall Street faces a data-heavy schedule this week that is expected to bring more volatility to a market full of investors weary from six consecutive weeks of losses. ...
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Cost to raise a child continues to rise
ToTheCenter.com
You better think long and hard before having another child due to the increased costs in raising one. According to a new study by the US Department of Agriculture (USDA), as reported on CF News 13 and the Imperfect Parent, the cost to raise a child ...
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Worst Drought in More Than a Century Threatens Texas Oil, Natural Gas Boom
Bloomberg
By Joe Carroll - Mon Jun 13 04:59:21 GMT 2011 The worst Texas drought since record-keeping began 116 years ago may crimp an oil and natural- gas drilling boom as government officials ration water supplies crucial to energy exploration. ...
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Czech Transportation Unions Change Date for Strike to June 16
Bloomberg
By Peter Laca - Sun Jun 12 22:00:01 GMT 2011 Czech transportation workers will hold a one-day strike on June 16 after a Prague court ruled they couldn't hold a work stoppage today, union representatives said. The protest against government plans to ...
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Indiana communities awarded over $5M to help with brownfield cleanup efforts
The Republic
AP INDIANAPOLIS — Indiana has received more than $5.2 million in grants to help assess and clean up potentially contaminated brownfield areas. Brownfields are vacant, abandoned or under-used properties with redevelopment potential that have known or ...
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Allegiant backs out of Savannah
Bizjournals.com
Allegiant is ending service from Savannah/Hilton Head International Airport in Savannah, Ga., after less than a year, reports Savannah Morning News' website savannahnow.com. The airline said its last day is July 24. Allegiant's president Andrew C. Levy ...
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Maple Group Adds Manulife, Desjardins, for TMX $3.65 Billion Takeover Bid
Bloomberg
Maple Group Acquisition Corp. said Manulife Financial Corp. (MFC) and three other Canadian firms joined its C$3.58 billion ($3.65 billion) unsolicited takeover bid for TMX Group Inc. (X), owner of the Toronto Stock Exchange. ...
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Electrolux To Raise Prices In Europe To Offset Higher Costs
Wall Street Journal
By Jens Hansegard Of DOW JONES NEWSWIRES STOCKHOLM (Dow Jones)--Swedish appliance manufacturer Electrolux AB (ELUX-B.SK) said Monday it will raise prices by 5% to 7% across Europe to offset soaring raw material and transportation costs. ...
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Plan to cut forest for vineyards faces opposition
Forbes
By JASON DEAREN , 06.12.11, 04:10 PM EDT ANNAPOLIS, Calif. -- Two proposed "timberland-to-vineyard" conversion projects that would clear almost 2000 acres of redwoods and firs in California's Sonoma County have some residents saying enough is enough. ...
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Dubai Meets Investors in London on $5 Billion Bond Plan as Yields Decline
Bloomberg
By Arif Sharif and Alaa Shahine - Mon Jun 13 04:36:55 GMT 2011 A general view of the Gulf emirate of Dubai. Dubai's budget gap is set to narrow to 3.8 billion dirhams ($1 billion) this year, the lowest level since 2007, according to the bond prospectus ...
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Strawberry Festival ends on a high note
Journal Review
Alaina Beasley, 15, helps her brother Zachary paint a picture during Strawberry Festival Friday afternoon. The booth is sponsored by Hoosier Heartland State Bank. The Strawberry Festival ended on sunny high note with a warm Sunday afternoon. ...
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Goldman, Clive Capital to launch commodities index-FT
Reuters
LONDON, June 13 (Reuters) - Goldman Sachs is to launch a commodities index with Clive Capital, the world's largest commodity hedge fund, the Financial Times reported on Monday citing a source familiar with the product. The index will aim to minimise ...
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Default would be dire, Greek leader says
Boston Globe
By AP ATHEN — Greece's prime minister, George Papandreou, said yesterday that he will continue with policies to drastically cut the country's debt because the alternative — a default — would be catastrophic. "We have taken a decision that no Greeks ...
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Shell Sells First Gasoil Cargo From Pearl Gas-to-Liquids Plant
BusinessWeek
By Brian Swint June 13 (Bloomberg) -- Royal Dutch Shell Plc sold the first cargo of gasoil from the Pearl gas-to-liquids plant in Qatar, advancing the project that aims to bolster production growth for Europe's biggest oil company. ...
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