Wall Street rises on upbeat economic data

February 9, 2013 9:43 am· Comments Off on Wall Street rises on upbeat economic data 

NEW YORK, Feb. 9 — The U.S. stocks rallied on Friday, bolstered by positive economic data across the world.

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Roundup: EU leaders agree on seven-year budget deal

February 9, 2013 9:43 am· Comments Off on Roundup: EU leaders agree on seven-year budget deal 

BRUSSELS, Feb. 9 — Top leaders of the European Union (EU) on Friday agreed on the bloc's seven-year financial framework that includes tens of billions of euros in budget cuts compared to the last period.

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U.S. Postal Service reports 1.3 bln USD loss in 1Q

February 9, 2013 9:43 am· Comments Off on U.S. Postal Service reports 1.3 bln USD loss in 1Q 

WASHINGTON, Feb. 9 — The U.S. Postal Service (USPS) concluded the first three months of its 2013 fiscal year with a net loss of 1.3 billion U.S. dollars, said the independent federal agency on Friday.

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Moody's Q4 profit surges 66 pct

February 9, 2013 9:43 am· Comments Off on Moody's Q4 profit surges 66 pct 

NEW YORK, Feb. 9 — Global rating agency Moody's on Friday reported that the company's net income jumped 66 percent in the fourth quarter of 2012 and predicted a strong revenue growth in 2013.

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EU wants early start of investment agreement negotiations with China

February 9, 2013 9:43 am· Comments Off on EU wants early start of investment agreement negotiations with China 

BRUSSELS, Feb. 9 — The European Union (EU) intends to start negotiations early on a substantial investment agreement with China, said an EU conclusion following the EU summit on Friday.

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Gov't panel calls for major power sector reform in Japan by 2020

February 9, 2013 9:43 am· Comments Off on Gov't panel calls for major power sector reform in Japan by 2020 

TOKYO, Feb. 8 — A Japanese industry ministry panel decided Friday to propose to the government a set of electricity reforms that will enable households to choose power suppliers in 2016, and lead major utilities to separate power generation and transmission businesses between 2018 and 2020.

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U.S. dollar trading ends mixed against major currencies

February 9, 2013 9:43 am· Comments Off on U.S. dollar trading ends mixed against major currencies 

NEW YORK, Feb. 9 — The U.S. dollar traded mixed against most of major currencies Friday.

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Albania to invite Win Business for talks on Albpetrol sale

February 9, 2013 9:43 am· Comments Off on Albania to invite Win Business for talks on Albpetrol sale 

TIRANA, Feb. 9 — Albanian authorities are considering a bid by the Win Business Energy Group for the sale of the state-owned Albpetrol oil company, after a previously favored deal floundered.

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Mega leisure resort to rise near Madrid

February 9, 2013 9:43 am· Comments Off on Mega leisure resort to rise near Madrid 

MADRID, Feb. 9 — Macro leisure resort Eurovegas will be built in Alcorcon, 13 kilometers from the Spanish capital of Madrid, said the president of the Community of Madrid, Ignacio Gonzalez, on Friday after a meeting with the delegation from Las Vegas Sands Corporation.

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U.S. wholesale inventories decline 0.1 pct in December

February 9, 2013 9:43 am· Comments Off on U.S. wholesale inventories decline 0.1 pct in December 

WASHINGTON, Feb. 9 — U.S. inventories at the wholesale level edged down in December 2012 with wholesale sales remaining flat, show figures released Friday by the U.S. commerce department.

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