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Metro-Goldwyn-Mayer has put its remains on the block. For a company that was bought in 2004 for about $5 billion, bids are coming in for less than $2 billion now—or perhaps as low as half this amount. Read Article…  

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China has said that the Internet media “must live up to their responsibility of maintaining Internet security,” including censoring content. As things now stand, it looks like Google might have to follow through on its threat and leave the country. Read Article…  

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Within the next 12 months, the US Treasury will have to refinance $2 trillion in short-term debt. Additional deficit spending is estimated to be around $1.5 trillion. That means the Treasury will have to borrow $3.5 trillion in only one year. That amount is equal to nearly 30% of the entire US...

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China could see an end to its bubble from too much debt, but it will probably not occur in the near term. However, huge rising debt and interest will affect the United States in the next five to 10 years. Read Article…  

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When the French invented the metric system in 1795, two years after they changed the calendar, they decimalised everything except time. What if they had not? Read Article…  

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Goldman says that now is the time to buy equities—and lots of them. It believes that the world economy will chug along faster than expected and corporate profits are bound to go up. Read Article…  

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Muted investment demand, coupled with a change in market sentiment and a projected large oversupply in the supply equation all point to a downward correction in gold prices from the highs reached at the end of 2009. Read Article…  

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The bargain price, according to NASA, represents the estimated cost of "transporting a shuttle from Kennedy Space Center to a major airport, and for displaying it indoors in a climate-controlled building". Delivery costs may vary according to location and successful bidders (only Americans,...

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Shrinking supply and ever-growing global demand are creating the perfect storm for oil prices. However, a few smart investors will be able to profit from the looming oil shortage. Read Article…  

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Moneylife Digital Team 19 January 2010
NTPC is planning to invest a massive Rs2,25,000 crore in the next seven years to expand its capacity to 75,000MW from 30,000MW India's largest power company NTPC Ltd plans to invest a massive Rs2,25,000 crore in the next seven years in capacity expansion to become a 75,000MW entity, the...

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Moneylife Digital Team 19 January 2010
ICICI Lombard is offering its customers add-on covers like zero depreciation add-on and consumable items add-on, for motor insurance India’s largest private sector general insurance company ICICI Lombard General Insurance Co Ltd is offering customers unique add-on covers like zero...

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Amritha Pillay 19 January 2010
Arshiya International Ltd will have three free trade warehousing zones operational by the end of 2010. Ajay S Mittal, chairman and managing director, speaks to Moneylife’s Amritha Pillay about the commercial logic behind such zones Amritha Pillay (ML): Do you think that this is an ideal time...

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It is imperative that policymakers learn the right lessons from the crash, so that the taxpayer is less exposed in the future. Until now, governments have not gone far enough in addressing the risks presented by large banks operating worldwide The successful undertaking of trade and commerce...

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Moneylife Digital Team 18 January 2010
ADAG has alleged in the Supreme Court that their corporate rivals were behind the petitions filed by farmers against the land acquisition for the company's proposed 8,000MW Dadri power project in Uttar Pradesh Anil Dhirubhai Ambani Group (ADAG) on Monday alleged in the Supreme Court that...

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Swapnil Suvarna 18 January 2010
Indian markets shrugged off weak global trends, closing the day on a positive note During the day, Indian markets opened in positive territory on fresh buying, but shed momentum later due to weak global cues. The Sensex was up 87 points from Friday’s (15 January 2010) close, ending the day at...

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The third quarter of FY10 is likely to be one of the weakest quarters for the bottom-line of Indian mobile operators, despite new highs in net monthly subscriber additions Worsening metrics in the Indian wireless (mobile) industry are likely to converge into significant pressure on earnings...

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Moneylife Digital Team 18 January 2010
RCom is learnt to have begun talks with strategic and financial investors for selling 5% stake in its tower unit prior to the planned IPO, for about Rs2,500 crore Reliance Communications Ltd (RCom) is learnt to have begun talks with strategic and financial investors for selling 5% stake in...

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Moneylife Digital Team 18 January 2010
Maharashtra Airport Development Co has allotted 50 acres of land for the MRO facility and Boeing plans to start construction of the unit in the second quarter of 2010 After being delayed for two years, Boeing will start construction of a $100-million aircraft repair and overhaul facility at...

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CRISIL has said that it expects India to regain and sustain its pre-crisis GDP growth rate of about 9% starting in 2011, provided it hastens policy reforms in areas such as taxation, education, and foreign investment regulations Ratings agency CRISIL Ltd has said that having emerged from the...

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Moneylife Digital Team 18 January 2010
As many as 17 projects, both big and small, involving production of 101MT, were delayed due to the long wait in getting clearances from the environment and forest ministry State-owned Coal India Ltd (CIL) has revised its production target to 486 million tonnes (MT) from 520MT by 2012, as the...

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