Japan’s factory output has jumped at its fastest rate in more than 50 years, but higher unemployment figures have dampened hope of an early recovery. Output rose by 5.2% in April from the previous month, the biggest monthly gain since 1953, official figures show.
The much bigger-than-expected rise is the second monthly increase in industrial production [...]

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US media giant Time Warner says its board has approved plans to spin off its AOL internet division as a separate company by the end of this year. Time Warner will buy the 5% of AOL it does not already own from Google, then offer the firm to its own shareholders.
AOL bought Time Warner in [...]

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India’s largest mobile phone company, Bharti Airtel, has resumed merger talks with South Africa’s MTN, a year after a previous plan to join up was abandoned.
The two firms are in talks for Bharti to take a 49% stake in MTN, while the South African company would get a 36% stake in the Indian business.

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Moser Baer – Foreign Currency Convertible Bonds
Moser Baer India Ltd has announce the following repurchase of the Foreign Currency Convertible Bonds, particulars of which are set out as follows:
Tranche A
- Number of Convertible Bonds : 10
- Total Amount Paid : US$ 435000

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Enam Securities Pvt Ltd (“Manager to the Buyback”) on behalf of Merck Ltd (“Target Company”) has issued this Public Announcement (“PA”) to the Equity Shareholders / Beneficial Owners of equity shares of the Target Company, pursuant to the provisions of Regulation 8(1) read with Regulation 15(C) & in compliance with the Securities &

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Torrent Pharmaceuticals Ltd has announced that the Register of Members & Share Transfer Books of the Company will remain closed from June 10, 2009 to June 12, 2009 (both days inclusive) for the purpose of payment

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Singapore’s economy shrank less than previously thought in the first quarter of this year, suggesting an improvement in economic activity in March.
The country’s GDP shrank by 14.6% compared with the previous three months, rather than the 19.7% estimated by the government in April.
The year-on-year contraction of 10.1% was also an improvement on the previous estimate [...]

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Workers at Honda’s Swindon plant have voted in favour of taking a 3% pay cut for 10 months in an attempt to safeguard 490 jobs.
In return, the workers will receive a bonus of six additional days’ leave, Unite the union said. Managers’ pay will be cut by 5%. Of those balloted, 89% voted for a [...]

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The US Treasury is to give finance group GMAC $7.5bn in further state aid, to help it offer loans to potential Chrysler and GM car buyers.
GMAC, which is part-owned by General Motors, failed to meet the government’s “stress test” and the Treasury ordered it to raise

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Barclays Investments & Loans (India) Ltd has announced that the following Directors have resigned from the Board of the Company with effect from May 19, 2009:
1. Mr. Samir Bhatia

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