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BOJ's Shirakawa: yen rises hurt economy short term - Reuters

TOKYO (Reuters) - Bank of Japan Governor Masaaki Shirakawa said on Sunday that a rising yen would have a big negative impact on Japan short term, but he gave few clues on how he might mitigate the worsening effects of the global credit crunch ...

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Indexes Reach Higher In Sketchy Trading Action - Investors Business Daily

Volume evaporated as indexes edged higher with most leading industry groups advancing in soft trading. The Nasdaq composite maintained its lead, up 1.6% while the Dow and S&P 500 grabbed 1.3% gains. The NYSE composite showed 1.1% higher as financial ...

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Indexes Back Off A Bit From Day's Highs - Investors Business Daily

Stocks eased but held most of their gains on the last day of 2008. The Nasdaq was up 1.4%, the S&P 500 1%, the Dow 0.9% while the NYSE composite was up 0.8%. Volume was running lower across the board. Textile-Mill/Household was the top performing ...

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Music industry eases tactics in fighting piracy - Khaleej Times

DENVER - The Recording Industry Association of America's decision not to pursue new lawsuits against online file-sharers marks a fundamental shift in the music business's battle against piracy, from one focused on enforcement to one emphasizing ...

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Li, China Netcom sweeten PCCW privatization offer - San Francisco Gate

State-owned China Netcom and the son of one of Asia's richest tycoons have sweetened an offer to buy out minority shareholders in leading Hong Kong phone company PCCW. Richard Li, chairman of PCCW Ltd. and the younger son of Hong Kong tycoon Li Ka ...

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Best Bet Now Is Playing Bear - Forbes

With stocks wildly overbought going into the new year, it's time to make a buck as the market comes in. As stocks open for trading on Monday, the unofficial first trading day of the New Year, they are overextended to the upside. Traders are entering ...

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South Africa: Insolvencies Set to Soar This Year - AllAfrica.com

Johannesburg — INSOLVENCIES are expected to continue soaring this year as a result of the global credit crunch, says a legal expert. Company failures were likely to hit a peak in the first quarter of the year and carry on rising in the coming ...

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