25 Oct 2010

Australia Economy: Australia Producer Prices Jump, Rate Risk Rises

“Australia’s producer prices jumped last quarter by the most since 2008 as the cost of utilities and building climbed, likely adding to policy maker’s concerns that strong economic growth heralds inflationary pressure ahead. Prices at the final stage of production rose 1.3 percent in the third quarter, well above forecasts

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24 Oct 2010

Nigeria: Sect members attack police station

“Suspected members of a Muslim sect accused of orchestrating targeted killings across northern Nigeria have attacked another police station. Officials say officers repelled the attack Saturday night targeting the police station, located in rural Yobe state, killing one of the suspected members of the Boko Haram sect. Police chief Mamman

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24 Oct 2010

Stampede at soccer game kills 7 in Kenya

“A stampede that killed at least seven soccer fans in the Kenyan capital started after a group without tickets tried to storm through a stadium entrance, a game official said Sunday. The incident occurred Saturday at a Nairobi stadium where longtime rivals AFC Leopards and Gor Mahia were playing. ‘Some

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24 Oct 2010

Death toll rises in Mexican border city shooting

“The death toll from a shooting at a house party in the violence-plagued Mexican border city of Juarez has climbed to 14, state media reported Sunday. Chihuahua State Attorney General Carlos Manuel Salas told reporters that another 14 people were injured when gunmen attacked the gathering of young people at

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22 Oct 2010

UN: 138 dead after cholera outbreak in Haiti

“A fast-moving cholera outbreak north of the Haitian capital has killed at least 138 people, a U.N. official said Friday. Another 1,526 cases are also part of the outbreak, said Imogen Wall, the U.N. humanitarian spokeswoman in Haiti. All the cases have been reported in the Lower Artibonite region, north

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21 Oct 2010

Risk Is Back on the Menu

“t doesn’t take a genius to note that the risk-off trades that flooded the markets after China unexpectedly hiked rates Tuesday have already been unwound. In the immediate aftermath of the People’s Bank of China’s 0.25 percentage point increase in both its one-year lending and deposit rates, investors sold anything

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20 Oct 2010

France strikes: Paris streets ablaze, Britons warned to stay away from violence

“A car explodes in flames and policemen clash with rioting youths as spiralling violence grips France. This was one of many flashpoints across the country yesterday amid growing public anger against raising the retirement age to 62. In the town of Nanterre, north-west of Paris, officers also fired rubber bullets

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20 Oct 2010

10 infants dead in California whooping cough outbreak

“Whooping cough, also known as pertussis, has claimed the 10th victim in California, in what health officials are calling the worst outbreak in 60 years. Since the beginning of the year, 5,978 confirmed, probable and suspected cases of the disease have been reported in California. All of the deaths occurred

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19 Oct 2010

Stocks: Worst day in two months

“Stocks fell sharply Tuesday, amid reports that a group of bondholders are trying to force Bank of America to repurchase bad mortgages. Investors also weighed a surprise rate hike by the Chinese government, and mixed data on the housing market and corporate results. The Dow Jones industrial average (INDU) lost

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19 Oct 2010

European Stocks Fall After China Interest Rate Hike

“European stocks fell Tuesday, with basic resources pacing the decline following a surprise short-term interest-rate hike by China. At the same time, mixed earnings reports out of the U.S. and weakness in the technology sector weighed on markets. The euro lost ground against the dollar, while oil and gold prices

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