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Hedgehogs.net's connections' blogs

Australian shares decline, energy firms pressured

May 4, 2011 by SteveT   Comments (0)

SYDNEY (MarketWatch) — Australian shares extended their downward trajectory Wednesday, with the S&P/ASX 200 index 0.6% lower at 4,757.80. The index lost ground over the last two sessions and is now back at levels seen at the end of March, with corporate profit expectations pressured against the backdrop of a strong Australian dollar. Reporting Wednesday, Westpac Banking Corp. [s; webnf] saw its shares fall 0.8% after the bank posted a higher first-half net profit but lower net interest income. Energy and resource firms were also under pressure amid broad declines for commodity futures, with Woodside Petroleum Ltd. shares down 1.7% and Rio Tinto Ltd. shares losing 1.2%.

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Green Mountain Coffee extends gains, up 19%

May 4, 2011 by SteveT   Comments (0)

This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.

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Sensex Tumbles, Leading Asian Declines

May 4, 2011 by SteveT   Comments (0)

Indian stocks tumbled after the central bank raised interest rates more than expected, but Chinese stocks edged higher after data indicated that manufacturing growth in China had slowed, easing concerns of further monetary tightening there.

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Standard & Poor’s Tests United States’ Confidence

May 4, 2011 by SteveT   Comments (0)

Is America facing a day of reckoning with debt? Or is
this time different? These are perhaps the most critical questions the United
States (US) as well as rest of the world face today. The US fiscal deficit is projected
to be 10.8 percent of the country’s GDP in 2011 and the accumulated general
government net debt is likely to be in excess of 72 percent of its GDP. More
worryingly, the politics in Washington remains highly polarized on how the
nation should pursue a fiscal consolidation roadmap, reining in the burgeoning fiscal
deficits and debt.

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