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India USA
State civic corporations buck national trend, raise 90% revenue on their own
When it comes to meeting their financial needs, municipal corporations in Maharashtra stand apart from their counterparts from other states, with Gujarat coming close.
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USA
Oil glut set to ease this year: IEA
The International Energy Agency on Thursday said that the global oil glut is set to ease by late 2016. It stated that 2016 would see the global oil demand grow by 1.2 million barrels per day. It added that US shale oil, which has been a major reason for the ...
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Cina USA Hong Kong
Hong Kong, Shanghai stocks build on gains
Hong Kong, April 14, 2016 (AFP) -Shares rallied in Hong Kong and Shanghai again Thursday, tracking advances in New York and extending the previous day's gains that were fuelled by strong Chinese trade data. Hong Kong's Hang Seng Index climbed 0.5 percent, or 179.10 points, to 21,337.81.
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Regno Unito
European stock markets steady at open
London, April 14, 2016 (AFP) -Europe's main stock markets steadied at the start of trade on Thursday, as dealers paused for breath after bumper gains so far this week. In initial deals, London's benchmark FTSE 100 index dipped 0.3 percent to 6,342.
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Cina
Global steel demand set to fall again in 2016, Worldsteel says
World Steel Association (Worldsteel) said global steel demand will continue to fall this year before a slight pick-up in 2017. Falling demand has plunged the global steel market into crisis, with excess capacity taking a heavy toll on producers, including those in China - leading to plant closures.
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USA
Iconic Pepsi sign gets landmark designation in New York
An immense Pepsi-Cola sign on the banks of New York's East River has been declared a historic landmark after 25 years of discussion. The red neon sign was built in 1936 and installed atop a Pepsi bottling plant in an industrial area bordering the East River in Long Island City.
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Giappone
Market would have been worse without negative rate, Kuroda says
The nation’s financial markets would have been in worse shape if the Bank of Japan had not adopted a negative interest rate, BOJ Gov. Haruhiko Kuroda said, rejecting suggestions the new policy has been counterproductive. “I really don’t think that the introduction of the negative interest rate backfired or caused ...
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Giappone
Sharp’s new humanoid phone handles more than just calls
Sharp Corp. has announced the launch of a small humanoid smartphone that responds to voice commands and can project movies on a wall. Debuting May 26, RoBoHon resembles a robot and has a screen that reflects its cellphone ancestry. It is priced at ¥198,000 with an additional monthly usage fee, ...
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Giappone
Dollar climbs above ¥109
The dollar climbed above ¥109 in Tokyo trading on Thursday, as a rally on the stock market allayed investors’ risk-averse sentiment, but the currency’s topside was capped by moves to lock in profits. At 5 p.m., the dollar stood at ¥109.30-31, up from ¥108.92-92 at the same time Wednesday. The ...
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Giappone
Nikkei leaps to two-week high as yen eases
The Nikkei average surged to a two-week high on Thursday, boosted by an overnight rise in U.S. equities and a pause in the yen’s ascent against the dollar. The Nikkei jumped 529.83 points, or 3.23 percent, to close at 16,911.05, its highest finish since March 29. On Wednesday, it surged ...