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global recession

Bradken H1 profit falls 26.4%

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Mining and engineered products provider Bradken Ltd is looking forward to an improvement in trading conditions after the global downturn caused a sharp decline in first half profit. Sales revenue totalled $463.0 million, down 25 per cent. Bradken managing director Brian Hodges said
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Indonesia’s Economy Probably Expanded at Fastest Pace in a Year - Bloomberg.com

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Southeast Asia’s largest economy grew 5 percent in the three months to Dec. 31 from a year earlier, compared with 4.2 percent in the previous quarter, according to the median forecast of 18 economists in a Bloomberg News survey. The statistics bureau is due to release the data at about 10 a.m.
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Fischer Sees Inflation in Center of Target in a Year (Update1) - Bloomberg.com

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“We expect to be around the center of the inflation range a year from now,” Fischer said in an interview in Sydney where he is attending a symposium organized by the Reserve Bank of Australia to celebrate its 50th anniversary. “Growth looks to be reasonably well based. So it
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Pimco’s El-Erian Favors Brazil’s Bonds, Chinese Yuan (Update1) - Bloomberg.com

Brazilian sovereign bonds and Chinese yuan non-deliverable forwards are attractive, El-Erian, co-chief investment officer at Pacific Investment Management Co. , said today in Sydney in a Bloomberg television interview. Greece needs outside help as it tackles the European Union’s largest

Geithner Says U.S. Will ‘Never’ Lose Aaa Debt Rating (Update1)

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By Rebecca Christie “Absolutely not,” Geithner said, when asked in an ABC News interview broadcast yesterday whether a downgrade is a concern. “That will never happen to this country.” Geithner said investors around the world turn to U.S. Treasury securities and
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Geithner Says U.S. Will ‘Never’ Lose Aaa Debt Rating (Update1)

“Absolutely not,” Geithner said, when asked in an ABC News interview broadcast yesterday whether a downgrade is a concern. “That will never happen to this country.” Geithner said investors around the world turn to U.S. Treasury securities and dollar-denominated assets whenever they

Geithner Says U.S. Will ‘Never’ Lose Aaa Debt Rating (Update1) - Bloomberg.com

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“Absolutely not,” Geithner said, when asked in an ABC News interview broadcast yesterday whether a downgrade is a concern. “That will never happen to this country.” Geithner said investors around the world turn to U.S. Treasury securities and dollar-denominated assets whenever they
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Pimco’s El-Erian Favors Brazil’s Bonds, Chinese Yuan (Update1)

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Feb. 8 (Bloomberg) -- Mohamed A. El-Erian , whose company runs the world’s biggest mutual fund, favors investments in emerging markets on expectations they’ll outpace developed economies in growth and wealth. Brazilian sovereign bonds and Chinese yuan non-deliverable forwards are
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Geithner Says U.S. Will ‘Never’ Lose Its Aaa Debt Rating

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By Rebecca Christie “Absolutely not,” Geithner said, when asked in an ABC News interview broadcast yesterday whether a downgrade is a concern. “That will never happen to this country.” Geithner said investors around the world turn to U.S. Treasury securities and
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Geithner Says U.S. Will ‘Never’ Lose Its Aaa Debt Rating

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“Absolutely not,” Geithner said, when asked in an ABC News interview broadcast yesterday whether a downgrade is a concern. “That will never happen to this country.” Geithner said investors around the world turn to U.S. Treasury securities and dollar-denominated assets whenever they
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