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Post by Guest on May 19, 2009 7:41:24 GMT 3
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Post by News Update on May 19, 2009 7:45:47 GMT 3
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Post by News Update on May 19, 2009 7:46:20 GMT 3
The Congress appears reluctant to include Samajwadi Party and Lalu Prasad's RJD in the new Union Cabinet despite their overtures, but the party may receive outside support from an unlikely quarter--Mayawati's BSP. Sensing the ruling party's reluctance, Samajwadi chief Mulayam Singh Yadav said in Etawah that his party was ready to sit in the Opposition if its offer of "constructive support" was not accepted by the UPA. Link
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Post by News Update on May 19, 2009 8:25:27 GMT 3
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Post by News Update on May 19, 2009 8:28:22 GMT 3
MUMBAI: The frenzied rise of the Indian equities markets seemed to have come to an end abruptly minutes after Tuesday's opening bell as a key index plummeted 289 points after opening 475 points higher. The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened 475 points higher at 14,757.82 points, soon dived 373 points or 2.62% to 13,910.5 points. timesofindia.indiatimes.com/Markets-nose-dive-on-opening-/articleshow/4550451.cms
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Post by News Update on May 19, 2009 10:46:55 GMT 3
UK retailer Marks and Spencer has cut its dividend by a third after reporting a fall in annual profits. M&S cut its dividend to 15p a share for the year to 28 March, down from 22p in the previous year. The cut was larger than most analysts had predicted. news.bbc.co.uk/2/hi/business/8056809.stm
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Post by News Update on May 19, 2009 11:13:26 GMT 3
Oil prices have risen above $60 a barrel on renewed hopes of a recovery in the US economy. US crude rose by $1.02 a barrel to $60.05, while London Brent crude was up 75 cents to $59.22 Oil prices had risen sharply on Monday amid fears that attacks on oil facilities in Nigeria could lead to shortages in oil supply. Oil has jumped from $32 a barrel in January, but it remains well below the record high of $147 touched last July. news.bbc.co.uk/2/hi/business/8056922.stm
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Post by News Update on May 19, 2009 11:13:52 GMT 3
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