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Saturday, November 21, 2009
News Making Money

Earthquake jolts southwestern China

02/11/2009 11:52 (19 Day 02:50 minutes ago)

The FINANCIAL -- BEIJING, More than 285,000 people in southwestern China were affected on November 2 by an earthquake measuring 5.0 on the Richter Scale that shook the province of Yunnan, Chinese media reported.

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There are reports of injuries but no deaths. Around 200 residential buildings were destroyed leaving almost 800 people homeless. Another 6,000 buildings where about 30,000 people reside were damaged.

 

The quake also hit the agricultural sector, with total economic losses estimated at 30 million Yuan ($4.4 million).

 

China's most powerful earthquake in 30 years occurred on May 12, 2008, in the southwest province of Sichuan, killing at least 70,000 people and displacing 10 million. Another 18,000 people are still missing. Direct economic losses from the quake have exceeded $150 billion.

 

 

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Politics
Ruling Party Firm on 30% Threshold for Mayoral Election

21/11/2009 13:54 (00:48 minutes ago)

The FINANCIAL -- According to Civil Georgia, the ruling party has already compromised on number of key electoral issues, including on rule of electing Tbilisi mayor and now expects the Alliance for Georgia to reciprocate and agree on 30% threshold for electing the capital city’s mayor, a senior ruling party lawmaker said on November 20.

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Markets
NASDAQ OMX Launches New Fixed Income Index

21/11/2009 10:40 (04:02 minutes ago)

The FINANCIAL -- NASDAQ OMX Stockholm announces that it has launched a new fixed income index named OMRX All Index, which will act as a benchmark for the Swedish bond and money markets.







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