【A5】
A.NOKIA POSTS $ 1.38BN LOSS IN FOURTH QTR
B.GOLD SURGES TO 7-WEEK HIGH OF $ 1,720
C.R-POWER ROPES IN GERMAN UTILITY FOR MINING
D.'WE ARE CREATING,NOT STEALING JOBS IN US,EUROPE'
E.EUROPEAN CRISIS SEEN SPREADING TO RUSSIA 【A1】______ MOSCO:RUSSIA'S ECONOMY IS MORE VULNERABLE TO THE EFFECTS OF THE EURO ZONE'S FISCAL AND BANKING CRISES AS COMMODITY PRICES FALL, THE EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT SAID WEDNESDAY. 'THE NEGATIVE SPILLOVERS ARE REACHING EAST, AND TO RUSSIA IN PARTICULAR THROUGH TWO MAIN CHANNELS:LOWER COMMODITY PRICES AND A GENERAL REDUCTION IN RISK APPETITE,' SAID PI-ROSKA NAGY, THE EBRD'S DIRECTOR FOR COUNTRY STRATEGY AND POLICY. THE EBRD WARNING FOLLOWS A REPORT BY MOODY'S INVESTORS SERVICE ON MONDAY THAT SAID THE RUSSIAN ECONOMY COULD CONTRACT 5% OVER THE NEXT 10 TO 12 MONTHS AND THE RUBLE COULD DEPRECIATE 30% IF THE EURO-ZONE CRISIS INTENSIFIES. 【A2】______ LONDON:GOLD PRICES SOARED THURSDAY TO THE HIGHEST LEVEL IN ALMOST SEVEN WEEKS AS THE DOLLAR WEAKENED AFTER THE US FEDERAL RESERVE VOWED TO KEEP INTEREST RATES NEAR ZERO FOR MORE THAN TWO YEARS. THE PRECIOUS METAL ROSE UP TO $ 1,720.35 AN OUNCE ON THE LONDON BULLION MARKET—THE HIGHEST LEVEL SINCE DECEMBER 9 BUT STILL FAR BELOW THE RECORD PEAK OF $1,921.15 STRUCK ON SEPTEMBER 6. 'WITH THE US FEDERAL PLEDGING TO KEEP INTEREST RATES IN CHECK UNTIL LATE 2014, GOLD SOARED,' SAID ROSE NORMAN, BOSS OF BRITISH-BASED BULLION BROKER SHARP PIXLEY. 'ALTHOUGH THERE WAS HEAVY SPECULATIVE BUYING, ANXIOUS INVESTORS JOINED THE FRAY WHO ARE CONCERNED BY CURRENCY DEPRECIATION AS GLOBAL CENTRAL BANKS USE EASY MONETARY POLICIES TO FLOOD MARKETS WITH CAS
H.' 【A3】______ DAVOS:WITH HCL TECH ANNOUNCING 10,000 JOBS FOR LOCALS IN THE US AND EUROPE, INDIA IN
C.ON THURSDAY CHOSE THE WEF MEET TO SEND A STRONG MESSAGE THAT INDIA IT FIRMS ARE CREATING AND NOT STEALING JOBS IN TROUBLED WESTERN ECONOMIES.A MESSAGE EMERGED FROM BRITISH PM DAVID CAMERON'S ADVICE TO EU THAT INSTEAD OF BEING A THREAT, EMERGING ECONOMIES LIKE INDIA CAN BE OF GREAT HELP TO EUROP
E. CONCLUDING FTA WITH INDIA BY THE YEAR-END WOULD BE IN EUROPE'S INTEREST,HE SAI
D.'THERE HAS TO BE FT AS, BILATERAL TRADE AGREEMENTS WITH COUNTRIES LIKE INDIA AND SINGAPORE ALONG WITH OTHER COUNTRIES,' HE SAI
D. 【A4】______ HELSINKI:MOBILE PHONE MAKER NOKIA CORP POSTED A FOURTH-QUARTER NET LOSS OF 1.70 BILLION EURO ( $ 1.38BN) AS SALES SLUMPED 21% EVEN AS THE COMPANY'S FIRST WINDOW SMART-PHONES HIT MARKETS IN EUROPE AND ASIA.THE LOSS COMPARES WITH A PROFIT OF 745 MILLION EURO IN THE SAME PERIOD A YEAR EARLIER. NOKIA SAID NET REVENUE, INCLUDING BOTH ITS MOBILE PHONES AND ITS NETWORK DIVISIONS, FELL FROM 12.6 BILLION EURO IN THE Q4 OF 2010 TO 10 BILLION, WITH SMARTPHONES PLUNGING 23%.NOKIA HAS LOST ITS ONCE DOMINANCE IN THE GLOBAL CELL PHONE MARKET, WITH ANDROID PHONES AND IPHONES OVERTAKING IT IN THE GROWING SMARTPHONE SEGMENT.NOKIA IS ATTEMPTING A COMEBACK WITH PHONES USING MICROSOFT'S WINDOW SOFTWARE, A STRUGGLE THAT CEO STEPHEN ELOP CHARACTERIZED AS 'WAR OF ECOSYSTEMS.' 【A5】______ NEW DELHI:ANIL AMBANI'S R-POWER HAS ROPED IN RWE POWER INTERNATIONAL OF GERMANY TO HELP THE COMPANY WITH EXTRACTING COAL FROM ITS CAPTIVE MINES OF THE TILAIYA ULTRA- MEGA POWER PROJECT,THE THIRD SUCH PLANT THE GOVERNMENT HAS MANDATED THE COMPANY TO SET UP.RWE POWER IS ONE OF EUROPE'S LEADING ENERGY UTILITIES AND GERMAN'S BIGGEST COAL MINER.THE COMPANY WOULD HELP R-POWER DESIGN AND PLAN THE ENGINEERING ASPECTS OF CAPTIVE MINE AND PROCUREMENT OF EQUIPMENT AND ENSURE QUALITY CONTROL.GOVERNMENT HAS ALLOCATED KERENDARI BAND C COAL BLOCKS OF NORTH KARANPURA COAL FIELDS IN JHARKHAND TO MEET THE FUEL REQUIREMENTS OF THE TILAIYA PROJECT.THESE MINES HAVE RESERVE OF OVER 1 BILLION TO
N.THE COMPANY PLANS TO PRODUCE 40 MILLION TONS OF COAL PER YEAR.