Michael Hart News
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Gannett Co. Chief Financial Officer Paul Saleh resigned to become finance chief at Computer Sciences Corp., a technology contractor for governments and businesses.
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The European Union may refuse to open its market to more Canadian beef, pork and sweet corn unless Canada provides better access to its heavily protected dairy sector, a senior European diplomat said.
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The rate banks say they pay for three-month loans in Swiss francs fell to a record low, potentially sparking inflation and compel the nation’s policy makers to let the currency rise, according to Citigroup Inc.
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The Norwegian krone may decline as the central bank today keeps the benchmark deposit rate at 2 percent and probably reduces its rate forecast, according to Citigroup Inc.
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The krone, which is now trading close to its average from 2000 to 2007, won’t benefit from a rate rise from Norges bank today, according to Citigroup Inc.
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Norges Bank will probably keep its benchmark interest rate unchanged today and may signal a slower pace of tightening as the debt crisis in the euro area, Norway’s main trading partner, threatens to impede its economic recovery.
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The euro fell from its highest level in more than a year after European Central Bank President Jean- Claude Trichet said today’s interest-rate increase wasn’t necessarily the “first of a series.”
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Gilts increased for a third day after the auction of 1.1 billion pounds ($1.6 billion) of inflation- linked bonds, the first sale since David Cameron ’s Conservatives formed a coalition government.
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The euro’s rally against the dollar may slow as investors use its first monthly gain in more than a year to bank profits from investing in the currency, according to Citigroup Inc.
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Norway’s krone headed for its second weekly decline versus the euro after the central bank yesterday said it would increase the key interest rate more slowly than originally projected given the weaker European economy.
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