Swiss Life Net profit from continuing operations for the first half rose 13 percent to 172 million Swiss francs ($162 million) against an average analyst forecast of 144 million francs in a Reuters poll. Gross written premiums fell to 10.39 billion francs from 10.89 billion francs a year earlier.

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Air China, the country’s flag carrier, posted a more than 150 percent jump in its first-half earnings helped largely by fuel-hedging gains.
Air China earned 2.88 billion yuan ($421.6 million) during the period, up from 1.13 billion yuan a year earlier under international accounting standards, it said in a statement late on Tuesday.

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Intel raised its third-quarter revenue forecast above Wall Street’s expectations Friday, citing strong demand for its chips and giving another signal that business is improving for one of the world’s biggest technology companies.
The leading maker of computer microprocessors said it now expects sales of $8.8 billion to $9.2 billion. Its last guidance, which came

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Japan economy grew by 0.9% in the April-to-June quarter the rise is due to a huge government stimulus package and it is unclear whether the momentum will be sustained when this is concluded.
Recent figures show other economies coming out of recession, including Germany, France and Hong Kong, a sign the global slowdown

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China reduced its holdings of US government debt by the largest margin in nearly nine years in June, according to data from the US Treasury.
China holds more US government debt than any other country and cut its holdings of US securities by more that 3% in June. Japan and the

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NHPC Listing Date | NHPC IPO
NHPC ipo which raised nearly Rs 6000 cr. will list on NSE between 1 & 3 Sept 2009. As market collapsed this week so the Grey market premium has come down from Rs 7 to Rs 4. so expect listing price of Rs40.

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Adani power Listing Date | Adani power ipo
Adani power ipo will list on NSE & BSE on 20 August 2009.
Some Adani power ipo Facts
capacity: 6600MW
Issue price : Rs100
Grey market premium: Rs15

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Scandinavian airline SAS has said it will cut another 1,000 to 1,500 jobs as part of a fresh cost-cutting programme. The cuts aim to save 2bn Swedish kronor ($276m; £166m), with SAS also seeking a 10-20% cut in pay and pensions for cabin crew and pilots.
SAS had already announced a major cost-cutting programme in February

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NHPC Grey market price | NHPC ipo
NHPC ipo in grey market is quoting at premium of Rs 6. As HNI investor’s quota got subscribed 57 times so any HNI investor at least need Rs 42 listing price to break even.
So if NHPC IPO issue price is Rs36 then it will list at Rs41 – 42. [...]

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Number of people out of work in the UK has risen to its highest level since 1995 as unemployment increased by 220,000 to 2,435,000 in the three months to June, taking the jobless rate to 7.8%.
Claims for unemployment benefit were the highest in 12 years, increasing by 24,900 in July to 1.58 million.

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