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Gold/Mining/Energy : Gold Price Monitor

GDXJ 107.29

-0.9%

Dec 2 4:00 PM EST

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To: John Hunt who wrote (28972)	2/25/1999 10:38:00 AM
From: lorne	Read Replies (1) of 116791

Hi John, here's what is needed over here--Indian bankers strike for higher pay. NEW DELHI, India, Feb. 25 (UPI) Banking services across India are at a standstill as 1.3 million bank employees begin a two-day strike to press their demand for higher wages. The strike is being called near total and the protesting employees staged demonstrations across the country to demand an 18-percent increase in their salaries. The government has offered a 10-percent hike. The business and industrial companies are estimated to loose $20 million since no money transactions will take place during the two-day strike. The bank employees have threatened to launch an indefinite strike beginning March 17 if their demands are not accepted. webcrawler.com

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