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Cathay Pacific Posts Second-Half Profit on Hedging, Haeco Sale - Bloomberg.com

March 10 (Bloomberg) -- Cathay Pacific Airways Ltd. , Hong Kong’s biggest carrier, posted a second-half profit on fuel- hedging gains and the sale of a stake in a maintenance venture. Cathay made a HK$1.25 billion gain last year from the sale of shares in Hong Kong Aircraft Engineeri
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Job Openings in U.S. Rose in January to One-Year High (Update1) - Bloomberg.com

Openings increased by 193,000 to 2.72 million, the most since February 2009, the Labor Department said today in Washington. More people were hired and the number of workers fired decreased to the lowest level in almost two years, the report also showed. The figures indicate that the world
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Job ads rebound to record high

The total number of jobs advertised rose by 19.1 per cent in February, more than reversing an 8.1 per cent fall in January, according to the ANZ Bank's monthly survey. It was the best monthly result in the 11-year history of the series, ANZ said. ''Total job advertisements are continuing to

US economy expands but labour soft: Fed

AFP The US economy continued to expand modestly on the back of consumer spending but the labour market remained bleak, the Federal Reserve said in its Beige Book report Wednesday. The report, to be used by members of the central bank's policy-making body on March 16, said data from the
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Growth 2: Earnings Solid, Dollar To Remain High

He said the reporting season wrapped up this week with some encouraging signs: In terms of net positive surprises the reporting season just ended in Australia is the strongest since August 2007. Profits have now bottomed and with the economy picking up pace and costs well and
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Asia Risks Asset Bubbles If Rates Kept Low Too Long, S&P Says - Bloomberg.com

Fiscal and monetary stimulus, along with an improvement in the U.S. and Europe, and China’s “locomotive” economy have helped strengthen the region’s recovery, economists led by Dharmakirti Joshi wrote in a report released today. Asia is leading a global recovery from t
he worst
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Malaysia May Reduce Monetary Stimulus as Indonesia Holds Steady - Bloomberg.com

Eighteen out of 29 economists surveyed by Bloomberg News expect Bank Negara Malaysia to raise its benchmark interest rate to 2.25 percent from 2 percent or ask lenders to set aside more money as reserves at its March 4 meeting. None of the 22 economists surveyed expect Bank Indonesia to
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Interest Rates Jump | RBA

Be the first to comment The central bank has raised rates for the first time since December. The Reserve Bank has lifted its key interest rate for the first time this year, a move likely to unleash another round of mortgage pain on borrowers across the country. The central
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NZ Economy Slowing In Places?

Signs of a slowdown in the New Zealand economy , just when everyone thought it was on the road to recovery? The NZ Treasury said yesterday the economy lost some momentum as retail spending and the property market slowed in the first months of 2010. But offsetting this, t
he
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U.K. Mortgage Approvals Drop to Eight-Month Low (Update1) - Bloomberg.com

Lenders granted 48,198 loans to buy homes, compared with 58,223 in December, the Bank of England said today in London. The median of 22 economist forecasts in a Bloomberg News survey was for a result of 50,000. Gross mortgage lending dropped to the lowest level since 2000. Bank of England
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AUD | Knee-jerk selling hits dollar

The Australian dollar slid from highs on Monday after unexpectedly soft manufacturing data from top trading partner China triggered knee-jerk selling. But a possible interest rate rise here on Tuesday put a lid on losses. Markets are priced for a 60 per cent chance of a 25-basis-point rate
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Rogoff Says China Crisis May Trigger Regional Slump (Update1)

“You’re not going to go a decade without having a bump in the business cycle,” Rogoff, former chief economist at the International Monetary Fund, said in an interview in Tokyo yesterday. “We would learn just how important China is when that happens. It would cause a recession ev
erywhere
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Rogoff Says China Crisis May Trigger Regional Slump (Update1) - Bloomberg.com

“You’re not going to go a decade without having a bump in the business cycle,” Rogoff, former chief economist at the International Monetary Fund, said in an interview in Tokyo yesterday. “We would learn just how important China is when that happens. It would cause a r
ecession
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Rogoff Says ‘Horrible’ China Crisis May Trigger Regional Slump

“You’re not going to go a decade without having a bump in the business cycle,” Rogoff, former chief economist at the International Monetary Fund, said in an interview in Tokyo yesterday. “We would learn just how important China is when that happens. It would cause a recession ev
erywhere
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Rogoff Says ‘Horrible’ China Crisis May Trigger Regional Slump - Bloomberg.com

“You’re not going to go a decade without having a bump in the business cycle,” Rogoff, former chief economist at the International Monetary Fund, said in an interview in Tokyo yesterday. “We would learn just how important China is when that happens. It would cause a recession ev
erywhere
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Malaysia May Have Emerged From Recession Last Quarter (Update1) - Bloomberg.com

Gross domestic product increased 3.4 percent in the fourth quarter from a year earlier, after contracting 1.2 percent in the previous three months, according to the median estimate of 14 economists surveyed by Bloomberg News. The figures are due to be released at 6 p.m. in Kuala Lumpur
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CBS Fourth-Quarter Profit Declines on Radio Asset Writedowns - Bloomberg.com

Feb. 18 (Bloomberg) -- CBS Corp. , owner of the most-watched U.S. broadcast network, said fourth-quarter profit fell after advertising sales dropped at its radio stations and billboard unit. To counter a slowdown in broadcast TV advertising, Chief Executive Officer Leslie Moonves is
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Coffey H1 net profit down 20%

Coffey International Ltd has blamed a strong Australian dollar exchange rate and the global financial crisis for a fall in its first half profit. Operating earnings before interest, tax, depreciation and amortisation (EBITDA) fell 14 per cent, to $31.1 million. "A strengthening
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Japan’s Service Demand Falls Most in Nine Months (Update1) - Bloomberg.com

The tertiary index , which captures 63 percent of the economy, fell 0.9 percent from November, the Trade Ministry said today in Tokyo. The median forecast of 21 economists surveyed by Bloomberg News was for a 0.2 percent drop. A global trade revival that spurred production at the country
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Japan"s manufacturing mood picks up

Japanese manufacturers are growing steadily less pessimistic about economic conditions, with a Reuters poll showing them at their least gloomy since July 2008 as the economy recovers on the back of exports, particularly to emerging economies. The monthly survey likely points to an
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