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ECB trims rates, edges to QE with bank bonds buy

The European Central Bank cut its main interest rate to a new record low on Thursday, and will buy up bonds for the first time in a bid to stem the euro zone's economic decline and shore up shaky markets.

BoE leaves rates steady, increases QE program

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The Bank of England left interest rates at a record low 0.5 percent for a second month running on Thursday and said it would increase the size of its asset purchase programme by 50 billion pounds.

BoE increases QE program, leaves rates on hold

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The Bank of England said on Thursday it would increase the size of its asset purchase program by 50 billion pounds to 125 billion pounds, and left interest rates at a record low 0.5 percent for a second month.
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EU27 retail trade falls 0.3%, the euro area down by 0.6%

The volume of retail trade in March of the European Union’s 27 nation bloc (EU27) fell by 0.3% and the euro area (EA16) down by 0.6%. In February of this year, retail trade fell by 0.8% and 0.3% respectively, according to the European statistics.
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Daily Forex Commentary - 7 May

Australian Dollar: In what has been a tumultuous 24 hour period the Aussie dollar survived an Asian sell off yesterday to an intraday low of 0.7335 to bounce back in dramatic fashion during offshore trade.
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China hydropower subprime carbon flood may slow

China's booming hydropower sector is facing mounting criticism for generating subprime carbon credits from projects that don't need extra earnings to succeed, raising the risk of tougher rules and putting billions of dollars of clean energy investments at risk.
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Retailers mustn't cut back on being green: study

Retailers, seeking to cut costs in the economic downturn, need to continue investing in environmental sustainability if they want to retain customers, according to a report published on Wednesday.
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Wal-Mart enters China's convenience store market

Wal-Mart , the world's top retailer, said on Wednesday it has launched a pilot program to open convenience stores in China, seeking to boost its presence in one of the world's fastest growing retail markets.
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Bankruptcy judge mulls Chrysler plan, GM talks loom

A U.S. bankruptcy judge on Tuesday considered whether Chrysler LLC could move forward with its plans for a quick sale of most of its assets while rival General Motors Corp prepared to resume talks with its union and detailed a plan that could shift majority ownership control to the U.S. government.
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Bankruptcy judge mulls Chrysler plan as GM talks loom

A U.S. bankruptcy judge on Tuesday considered whether Chrysler LLC could move forward with its plans for a quick sale of most of its assets while rival General Motors Corp prepared to resume talks with its union and detailed a plan that could shift majority ownership control to the U.S. government.
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Opel labor leader says Fiat deal risks everything

FRANKFURT - The senior labor leader of German carmaker Opel (GM.N) warned that Fiat's (FIA.MI) ambitious growth strategy was an all-or-nothing bet, rejecting the Italian rival's takeover concept for the GM Europe brand.
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Forex Daily Commentary

Australian Dollar: The Aussie dollar shrugged off some woeful local economic data yesterday to continue its recent surge higher.
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Swine Flu cases nears 1,000

The World Health Organization reported on Monday that 985 cases of influenza A (H1N1) have been reported across twenty countries.
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Acer: Windows 7 will be released October 23

Acer, the world's joint second largest manufacturer of PCs, has reportedly confirmed that Windows 7 will be available pre-loaded on their new all-in-one Z5600 PC from 23 October, ahead of Microsoft's suggested release date.
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SMFG buys Citi Japan units for $5.9 billion

Sumitomo Mitsui Financial Group will buy Citigroup's Japanese broker and key investment banking units for $5.9 billion and look to form a financial services powerhouse through an alliance with Daiwa Securities Group.
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Hartford, MetLife post losses amid investment woes

Hartford Financial Group posted its third straight net loss and said it plans to stop selling new policies in Japan and the United Kingdom, as the insurer reeled from the same weak financial markets that triggered a net loss at MetLife Inc .
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UK launches green study for marine energy

The UK government is to launch an environmental study on marine energy projects in England and Wales, paving the way for commercial wave and tidal devices to be deployed.
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Study shows: Firms keeping old PCs to save money cost more

Most firms nowadays especially in this era of financial downturn are doing its best to cut cost effectively however some may not notice about the impact of keeping the old mindset. A new release study shows that a company who wishes to save money by keeping old computer cost more.

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