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...It was the “Hopeless continent” in the late 1990s when economic growth was anaemic and poverty rife....
...Gazprom’s net profit fell 10 per cent last year to $38.2bn, amid declining gas sales and one-time payments to consumers. http://on.ft.com/101eWue Emerging Markets MSCI Emerging Market Index down -0.03% at 1,039...
...Before the financial crisis, nearly 70 per cent of all corporate debt capital market activity was done by the top 10 banks....
...Alcatel-Lucent , the French telecoms equipment maker, was the worst performing stock on the CAC 40 index, falling 7.7 per cent to €1.38....
...Chalco, China’s biggest aluminium maker, said it was worried about payment defaults from credit-squeezed customers....
...But Berlin was warned that there were limits to how much sovereignty governments could be expected to surrender for the sake of fiscal discipline....
...Gains for oil stocks helped to haul the benchmark FTSE Eurofirst 300 up 0.2 per cent to 1,039.25....
...The FTSE Eurofirst 300 index ended at a 29-month closing high of 1,039.24, up 0.1 per cent, but off the day’s peak of 1,042.13....
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