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<title>News: Moldova.org: Economics</title>
<link>http://economie.moldova.org/index/eng/</link>
<description>Last news - www.moldova.org</description>
<lastBuildDate>Wed, 08 Oct 2008 09:52:12 GMT</lastBuildDate>
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<copyright>© 1997-2008 moldova.org</copyright>
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<title>PETA protests Armani use of rabbit fur</title>
<link>http://economie.moldova.org/stiri/eng/155741/</link>
<description><![CDATA[Animal rights activists demonstrated at one of Italy's leading fashion houses Tuesday, accusing Giorgio Armani of reneging on a promise to avoid fur.People for the Ethical Treatment of Animals displayed posters outside Emporio Armani, the flagship store, that showed the designer as Pinocchio, the puppet whose nose would grow when he told lies, the Italian news agency ANSA reported. They held the demonstration because the fall collection included some items with fur.The Giorgio Armani Group released a statement saying it never pledged to avoid all fur. It said the one exception it makes is rabbit, since the animals are killed for food, not just for their pelts.]]></description>
<pubDate>Wed, 08 Oct 2008 08:10:00 +0300</pubDate>
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<title>Top S. Korean companies hit</title>
<link>http://economie.moldova.org/stiri/eng/155735/</link>
<description><![CDATA[South Korea's top 10 conglomerates have seen nearly $80 billion of their market capitalization evaporate thus far this year.Citing the Korean Stock Exchange, the Korea Times reported that between January through last Monday, these businesses shed 105.8 trillion won, or $79.4 billion, to 328 trillion won, or about $247 billion --  a drop of 24.4 percent.During the same period, the overall value of the Korean stock market gave up 28.4 percent to the current capitalization of 752.8 trillion won or $567 billion.The report said the decline in the country's currency this year benefited the export-oriented companies but other companies were badly hit by rising oil prices.]]></description>
<pubDate>Wed, 08 Oct 2008 07:10:00 +0300</pubDate>
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<title>China hiring jobless Wall St. experts</title>
<link>http://economie.moldova.org/stiri/eng/155732/</link>
<description><![CDATA[Some of the Wall Street professionals let go in the U.S. financial crisis may soon be working for Chinese financial houses.The China Daily reports the widespread Wall Street layoffs have created opportunities for Chinese firms to hire these professionals to take advantage of their expertise in global capital markets.The newspaper said some major Chinese investment banks and stock brokerages have begun hiring such professionals both in the United States and Europe, especially those with knowledge of international markets and research experience.The troubled U.S. financial system has tended to push talents into the more optimistic emerging markets, a member of a Chinese investment bank told the China Daily.]]></description>
<pubDate>Wed, 08 Oct 2008 07:10:00 +0300</pubDate>
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<title>Nikkei opens sharply lower</title>
<link>http://economie.moldova.org/stiri/eng/155716/</link>
<description><![CDATA[Japan's 225-stock Nikkei index fell sharply after opening Wednesday, echoing the Dow's another collapse on Wall Street the previous day.In early trading, the key average on the Tokyo Stock Exchange was down 323 points, or 3.18 percent, to 9,833 points.The Dow Jones Industrial Average lost 508 points, or about 5.11 percent, Tuesday to close at a five-year low 9,447. The index has lost nearly 900 points in the previous two sessions.Hong Kong's Hang Seng index also took a big hit after Wednesday's opening. In early trading, the index had given up nearly 879 points, or 4.97 percent, to 16,804.South Korea's KOSPI was off more than 3 percent early Wednesday. Australian stocks also were down after opening.]]></description>
<pubDate>Wed, 08 Oct 2008 06:10:00 +0300</pubDate>
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<title>Crude oil prices gain sligthly</title>
<link>http://economie.moldova.org/stiri/eng/155675/</link>
<description><![CDATA[Crude oil prices rose slightly Tuesday as market instability caused Libya to call for a production cut to prop up world prices.The market is really uneasy, Andy Lebow, senior vice president at MF Global Ltd. told The Wall Street Journal. As economies falter, demand has slackened. People are absolutely in near panic and everybody wants to keep money in cash, said Bill O'Neill, an analyst at Logic Advisors.Crude oil prices, near their low for the year, gained $1.58 on the New York Mercantile Exchange to $90.06 per barrel. Heating oil prices fell 0.0034 cents to $2.5057 per gallon. Reformulated blendstock gasoline fell 0.0262 cents to $2.0628 per gallon. Natural gas prices lost 0.12 cents to $6.768 per million British thermal units.]]></description>
<pubDate>Wed, 08 Oct 2008 01:10:00 +0300</pubDate>
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<title>UPI NewsTrack Business</title>
<link>http://economie.moldova.org/stiri/eng/155674/</link>
<description><![CDATA[U.S. markets slide hard again TuesdayNEW YORK, Oct. 7 (UPI) -- The U.S. Federal Reserve's plan to purchase three-month, unsecured and asset-backed debt was answered with tumbling stock indexes Tuesday.Stocks fell over 5 percent on three major stocks as the Fed moved closer to direct lending to businesses, which use short term commercial paper to fund many expenses, including payrolls.Once steady Bank of America fell 24.09 percent Tuesday as financial firms continue to struggle with choked-off credit markets.The Dow Jones industrial average, up 53 points early, fell 5.11 percent decline, losing 508.39 points to 9,447.11. The Standard and Poor's 500 lost 60.66 points, to 996.23, down 5.74 percent. The Nasdaq composite index fell 5.80 percent to 1,754.88, down 108.]]></description>
<pubDate>Wed, 08 Oct 2008 01:10:00 +0300</pubDate>
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<title>Economic entities’ expectations weaken further</title>
<link>http://economie.moldova.org/stiri/eng/155547/</link>
<description><![CDATA[The expectations of the Moldovan economic entities wakened for the third consecutive month, influenced directly by the appreciation of the national currency that hits producers, shows the &ldquo;National Sentiment&rdquo; study carried out by IDIS &rdquo;Viitorul&rdquo;. 

During the presentation of the study on October 7, study author Mihai Bologan said that the appreciation of the leu against the dollar and euro will continue to affect the national producers working in a number of areas, especially the construction sector, which is considered one of the most profitable areas. 

Bologan said the construction companies are uncertain because they do not have now guaranteed sales.]]></description>
<pubDate>Tue, 07 Oct 2008 17:11:00 +0300</pubDate>
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<title>Balance-of-trade deficit of over US$2bn</title>
<link>http://economie.moldova.org/stiri/eng/155543/</link>
<description><![CDATA[The considerable discrepancy in exports and imports in the first eight months of this year have led to the accumulation of a balance-of-trade deficit of US$2.185 billion, an increase of 56% (US$783.8 million) compared with the corresponding period last year. 

According to the National Bureau of Statistics, the January-August imports totaled US$3.234 billion, an increase of 46%, while exports only US$1.048 billion, a 26% increase. The degree of covering imports with exports was 32.4%, a decrease of 4.3% compared with January-August 2007. 

Moldova&rsquo;s negative trade balance with the EU rose by US$272.2 million to US$877 million, while with the CIS countries - by over US$260 million to US$724.2 million. 

Moldova had a trade deficit of US$471.]]></description>
<pubDate>Tue, 07 Oct 2008 17:03:00 +0300</pubDate>
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<title>Exports of cognac and wine to Russia on the rise</title>
<link>http://economie.moldova.org/stiri/eng/155535/</link>
<description><![CDATA[The Moldovan wine companies increased wine and cognac exports to Russia. Such an announcement was made by Russia&rsquo;s chief sanitary inspector Ghennady Onishchenko 

According to the Russian official, 29 wine businesses export products to Russia at present. Since the ban was lifted on October 6, Moldova exported 22.995 million liters of wine and 2.604 million liters of cognac to Russia. Onishchenko stressed that 42 Moldovan companies were allowed to submit samples of wine to Russian laboratories for examination. Only 32 companies of these used this right so far. 

Russia&rsquo;s food safety body Rospotrebnadzor said that besides the 29 wine companies, SA Imperial-Vin was authorized to export wine products to Russia according to the one-stop office principle.]]></description>
<pubDate>Tue, 07 Oct 2008 16:58:00 +0300</pubDate>
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<title>U.S. markets slide hard again Tuesday</title>
<link>http://economie.moldova.org/stiri/eng/155650/</link>
<description><![CDATA[The U.S. Federal Reserve's plan to purchase three-month, unsecured and asset-backed debt was answered with tumbling stock indexes Tuesday.Stocks fell over 5 percent on three major stocks as the Fed moved closer to direct lending to businesses, which use short term commercial paper to fund many expenses, including payrolls.Once steady Bank of America fell 24.09 percent Tuesday as financial firms continue to struggle with choked-off credit markets.  The Dow Jones industrial average, up 53 points early, fell 5.11 percent decline, losing 508.39 points to 9,447.11. The Standard and Poor's 500 lost 60.66 points, to 996.23, down 5.74 percent. The Nasdaq composite index fell 5.80 percent to 1,754.88, down 108.08 points.]]></description>
<pubDate>Tue, 07 Oct 2008 23:10:00 +0300</pubDate>
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