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Tuesday, May 21, 2013

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Air China to see profits squeezed
07-17 20:02
Air China (0753) expects first-half net profit to fall more than 50 percent due to a slowdown in demand and high fuel prices, it said in a statement today. Ma...

Goldman profits slump on global turbulence
07-17 19:56
Global economic turbulence hit the bottom line at Wall Street banking titan Goldman Sachs, with second quarter profits falling 12 percent from a year earlier, ...

Microsoft "sorry" for lack of browser choices
07-17 19:46
Microsoft apologised today after the European Commission opened a probe over its failure to provide customers a web browser choice, saying it was a mistake, A...

Spain bank bailout on Eurogroup agenda
07-17 19:15
Euro zone finance ministers will hold a teleconference on Friday to finalize a Spanish bank bailout deal, the head of the Eurogroup said. “The Eurogroup will...

King takes a swing at Barclays over Libor fixing
07-17 19:10
Bank of England chief Mervyn King said today that Barclays was in such denial about the gravity of an interest rate fixing scandal that he was forced to tell t...

EFSF bailout fund places six-month debt with negative yield
07-17 18:49
The European Union's bailout fund placed 1.488 billion euros (HK$14.2 billion) worth of six-month bonds at negative yields, the Bundesbank said, meaning inve...

Zhejiang private firms seek urgent bailouts
07-17 18:18
About 600 private firms in Zhejiang province had applied for urgent bailout to pay back loans to banks that are due this month. Bad loans, especially those in...

Spain borrowing costs ease
07-17 18:17
Spain's borrowing costs dropped today, at the first sale of debt since the government announced a new austerity package, but not enough to suggest markets believe ...

German investor confidence dips again
07-17 17:38
German investor confidence declined for the third month in a row this month as the debt crisis hits demand for German exports from both inside and outside the eur...

Fitch warns on China's growth model
07-17 16:30
Fitch Ratings says China's investment-led policy to support economic growth this year is likely to mean that the country will avoid a "hard landing" in the short...

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