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Job Losses at Worst Level in 26 Years – WallStreet

Posted on: Saturday, October 3rd 2009 and is filed under Market News.

U.S. Sept non-farm payrolls plunge 263,000 WASHINGTON (Reuters) – U.S. employers cut a deeper-than-expected 263,000 jobs in September, lifting the unemployment rate to 9.8 percent, according to a government report on Friday that fueled fears the weak labor market could undermine ec...

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Stocks End Sharply Lower on First Day of Q4; Dow Down 200 Points

Posted on: Friday, October 2nd 2009 and is filed under Market News.

Yahoo Finance: Stocks tumble on disappointing reports on manufacturing, unemployment; Dow slides 203 points NEW YORK (AP) — Stocks began the fourth quarter with a slide as pessimism about the economy gripped investors. The Dow Jones industrial average and the Standard & Poor&...

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Nifty likely to remain range-bound

Posted on: Thursday, October 1st 2009 and is filed under Market Outlook.

The Nifty October futures closed above the resistance level of 5,010 on short-covering and buying in banking, metals and capital goods stocks. After a modest start, the Nifty extended gains in the afternoon trade on firm European markets and higher Dow futures. The market is expected to ...

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After recession, world economy to grow by 3 per cent in 2010: IMF

Posted on: Thursday, October 1st 2009 and is filed under Press Releases.

ET: WASHINGTON: As the world economy comes out of a deep global recession, global activity is forecast to expand by about 3 percent in 2010 after contracting by about 1 percent in 2009, according to the International Monetary Fund (IMF) projections. Though well below the rates achieved b...

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US economy enters 23 months of recession amid recovery hopes

Posted on: Thursday, October 1st 2009 and is filed under Press Releases.

ET: WASHINGTON: Amid hopes of economic revival and worries of rising unemployment, the US economy has been in recession for 23 months, one of the longest periods since the 1930s Great Depression. Battered by the ravaging financial meltdown, the US has witnessed steep economic contraction...

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Intraday calls for 01-10-09

Posted on: Thursday, October 1st 2009 and is filed under Intraday Tips, Daytrading, Intraday tips for free NSE BSE Breakouts Daily intraday tips calls.

Buy HMT at 74-75, target: 79. Stoploss: 72 If markets show weakness later during the day, sell: Reliance Industries. Btst – buy ISPATIND at 24.75 target 26 stoploss 23.90 ...

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Stocks in news: Bharti, ICICI Bank, Glenmark, Biocon

Posted on: Thursday, October 1st 2009 and is filed under Market News.

Bharti-MTN Deal terminated Bharti says Have decided to disengage from exclusive talks with MTN South African govt unable to accept deal structure in current form Hope South African govt will review position on MTN in future To continue to explore international opportunities May re-e...

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Expect 10-20% correction in Asia: Macquarie Securities

Posted on: Thursday, October 1st 2009 and is filed under Market News.

Daniel McCormack, Macquarie Securities: I am cautious on Asian equities as cyclical indicators have started turning down. I expect 10-20% correction in Asia ex-Japan, which would be a buying opportunity in India. I like banking and infra companies in India. source: Read More..

Bharti-MTN deal termination: How will the stock react?

Posted on: Thursday, October 1st 2009 and is filed under Market News.

The much-anticipated deal between India’s Bharti and South Africa’s MTN has botched yet again. On the news of termination, MTN shares fell 3% from the day’s high, to close down 1%. Rand fell over 2% versus dollar. The company has requested the SA exchanges to suspend tradin...

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India faces worst drought in nearly 40 years

Posted on: Wednesday, September 30th 2009 and is filed under Press Releases.

NEW DELHI (AP) — India is facing its worst drought in nearly 40 years because of a once-in-a-generation shortfall in summer rains, a meteorologist said Wednesday, a shortage that threatens to stall the country’s recovery from the global economic downturn. Rainfall during the ...

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