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Euro Zone Inflation to Hit Record Low - Will ECB Cut Rates in February? (Euro Open) The Euro Zone Consumer Price Index is set to show inflation fell to 1.4% in the year to January, the slowest pace since the adoption of the single currency.... Daily FXAditya Birla Nuvo net loss at Rs 156 crore Aditya Birla Nuvo, a diversified company of the Aditya Birla group, has posted a consolidated net loss of Rs 156.40 crore for the quarter ended December 2008, compared with the net profit of Rs 30.2 crore in the previous corresponding quarter. The companys consolidated net sales during the period grew to Rs 3,429 crore against Rs 2,931.1 crore last year, up 17 per cent.The company has its exposure in businesses like telecom, textiles, BPO, branded garments, carbon black and life insurance. On a standalone basis, the companys net profit for the December quarter took a dip of 95.12 per cent to Rs 4.1 crore against Rs 84 crore in the previous corresponding quarter. Business StandardEquitable Life: Government criticised by ombudsman over scandal Parliamentary ombudsman accused ministers of 'acting as judge on its own behalf' for taking on role of assessing compensation. co.ukLife on hold in MadagascarBBC SMB Video: A Day on the Streetmrswing.com Regulators Reject Proposed Changes for Life Insurers A national panel of insurance regulators today voted down a plan to prop up life insurers by allowing them to operate with thinner financial cushions. The Washington PostFace value: Casino Royal As chairman of Royal Bank of Scotland, Sir Philip Hampton is in his hottest seat yetSIR PHILIP HAMPTON began his career as an accountant “for reasons”, he says, “that still elude me.” He has since specialised in trying to drag big, venerable British companies out of the doldrums. Over the years he has been finance director of British Steel, British Gas, British Telecom and Lloyds TSB, and, since 2004, chairman of J. Sainsbury, a supermarket group. Yet even by those standards his latest post, as chairman of Royal Bank of Scotland (RBS), is daunting. RBS is huge rather than just big: it was the world’s largest bank by assets at the end of 2007. By corporate standards it is ancient rather than merely venerable, having been founded in 1727 and predating Robert Burns and even, some say, the kilt. And to say RBS is in the doldrums would be a gross understatement. It is on life support, 70% state-owned after receiving two bail-out packages in the past four months EconomistCARLSBAD--- University of Texas at Austin Acquires SOLiD System to Advance Genomic Research CARLSBAD, Calif.--(BUSINESS WIRE)--Applied Biosystems, a division of Life Technologies Corporation (NASDAQ:LIFE), today announced that the University of Texas at Austin has chosen the SOLiD? System for next-generation genomic analysis to further push the boundaries of research as part of its new Genome Sequencing and Analysis Facility. Scientists at the... Fresh NewsCanada`s budget: Joining the stimulating party A pragmatic budget has given Stephen Harper’s government a new lease of life—but not necessarily a long oneMORE than in many countries, in Canada the question of how to respond to the world recession has become muddied by party politics. During the campaign for last autumn’s general election, Stephen Harper, the Conservative prime minister, ridiculed the opposition for daring to suggest that his government might post a budget deficit in a country that has come to prize fiscal virtue. Having won a second term, though once again without a parliamentary majority, Mr Harper promptly almost lost it over a government economic statement in late November. In this his finance minister, Jim Flaherty, again rejected the need for fiscal stimulus but threw in some partisan measures. That prompted the disparate opposition to gang up to try to oust Mr Harper—a fate he evaded only by persuading the governor-general, who acts as Canada’s head of state, to shut down parliam The EconomistRatings Roundup: Nationwide Financial, AFLAC, Crusader A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength ratings (FSR) and the issuer credit ratings (ICR) of the core life/health subsidiaries of ... Insurancejournal.com1 2 3 |
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