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B$ The Bell, Friday, February 13


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Same paper from an article on China-"By 2006 China in terms of world exports will account for 50% of all clothing, 40% of shoes, 30% of lights and textiles, 10% of all electronics, 20% of rice and 5% of all oil and coal. GDP this year will be 7.8%, inflation 3%. Internal markets have taken off on a consumption binge-computer sales this year up 80%, cars up 60%, mobile phones up 50%. " "For the next 10 t0 15 years there will be a shift in investment away from North America into India and China. In 15 years investors will be scrambling to invest in those countries." Why do I get the feeling our workforce will be asking-"would you like fries with that-Sir." ;)

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HSBC, Union Agree Terms To Support 4,000 Moved Jobs

LONDON (Dow Jones)--HSBC Holdings PLC (HBC) and the U.K. financial-services workers' union, Unifi, have agreed terms to help staff who face losing their jobs as the U.K. bank moves 4,000 positions overseas.

 

Europe's largest bank by market capitalization has previously said it would move the 4,000 U.K. jobs within the next two-and-a-half years, to its call centers in Malaysia, China and India, with most going to India.

 

http://sg.biz.yahoo.com/040216/15/3i2ed.html

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Telstra says moving jobs to India won't cost jobs in Australia

 

SYDNEY, Australia (AP) - Telstra Corp., Australia's biggest telecommunications company, said Tuesday that its decision to outsource some jobs to India will not be at the expense of Australian employees.

 

Telstra's chief Ziggy Switowski said the telecommunications giant would outsource 450 technology jobs to Indian companies, but rejected criticism from the federal government that the move would cost Australians their jobs.

http://thestar.com.my/news/story.asp?file=...rasa&sec=latest

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8:36pm 02/16/04

Disney board rejects Comcast bid (DIS, CMCSK) By Anne Stanley

SAN FRANCISCO (CBS.MW) -- The Walt Disney Co. (DIS) said late Monday that its board of directors has unanimously rejected Comcast's (CMCSK) $66 billion takeover bid. In a release, Disney noted Comcast's offer was below Disney's current share price. Disney shares closed at $26.92 on Friday. Comcast shares ended at $28.98. Disney said the board "would consider any legitimate proposal" that would create shareholder value.

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