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US consumers say 'charge it' on credit cards (09 July 06:43) |
| Americans boosted their borrowing in May, mostly reflecting heavy credit card use to finance their purchases. Getting elastic with plastic money
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'OPEC to earn $1.251 trillion from oil exports' (09 July 06:43) |
| OPEC's earnings from oil exports are expected to reach a record $1.251 trillion this year, about $73 billion more than previously estimated. Tackling volatile markets
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Spielberg's co to switch from AMD to Intel chips (09 July 06:43) |
| DreamWorks Animation SKG Inc, maker of the "Shrek" movies will switch from AMD computer chips to Intel made ones. Bollywood hunks and ladies | Box Office 2008 |
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'US housing slump could drag on another year' (09 July 05:29) |
| Signs are emerging that the U.S. housing market's long slump is likely to fester through the summer, and the real estate market may not recover for at least another year. |
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Forget big premium as Microsoft eyes Yahoo again (09 July 05:29) |
| While Yahoo is busy pursuing an independent strategy, forces beyond its control leave it vulnerable to a fresh takeover bid by MS. Keep your PC cool | Phishing email
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Big US banks may apply for Basel II exemption-Fed (09 July 05:29) |
| Big U.S. banks that want to use a simpler and cheaper capital adequacy plan designed for small American banks must seek an exemption from federal regulators. |
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JPMorgan's Dimon says credit crisis could worsen (09 July 05:29) |
| JPMorgan Chase & Co Chief Executive Jamie Dimon said on Tuesday some problems in the credit markets have been resolved, but that does not mean market conditions will not deteriorate further.... |
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US healthcare system least popular out of 10 countries polled (09 July 05:29) |
| The United States has the least popular healthcare system out of 10 developed countries that were surveyed by Harris Interactive, with a third of Americans saying it needs a complete overhau... |
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GM bets on cost-cutting to ride out slowdown (09 July 05:29) |
| General Motors is developing plans to cut costs and improve its “cash and funding position,” chief executive Rick Wagoner said in an email to the automaker’s managers and team leaders.... |
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Bears tighten grip on global market (09 July 05:29) |
| Global stocks suffered heavy losses on Tuesday, falling further into ‘bear market’ territory on fresh fears over the health of the banking sector as the credit crunch bites deeper on eco... |
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Levi Strauss seeing economic challenges world-wide (09 July 05:29) |
| Jeans maker Levi Strauss & Co sees many of the same issues facing its U.S. consumers, including rising food and fuel costs, in many of its major global markets, its chief executive said on T... |
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G8 agrees to halve greenhouse gas emissions by 2010 (09 July 05:29) |
| G8 nations, papering over deep differences on how to set goals to combat global warming, said on Tuesday they would work toward a target of at least halving greenhouse gas emissions by 2050 ... |
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Dollar gains against major currencies (09 July 05:29) |
| The dollar rose Tuesday as investors weighed plans by the U.S. Federal Reserve to protect future homebuyers from shoddy mortgages and give companies more time to tap emergency loans. |
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iPhone UK websites swamped before Friday launch (09 July 05:29) |
| Apple's new iPhone sold out online in Britain ahead of its Friday launch, defying general consumer gloom as the country's economy threatened to tip over into its first recession in more than... |
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McCain, Obama duel on repairing slumping US economy (09 July 01:31) |
| Barack Obama and John McCain are battling to convince Americans that they are most qualified to lead the country out of its economic slump. Gainers & Losers
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InBev sets in motion bid to oust Anheuser board (08 July 11:21) |
| InBev set in motion its plan to oust the board of reluctant bid target Anheuser-Busch Cos Inc on Tuesday by sending a letter to the U.S. rival it has offered to buy for $46.3 billion. |
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BMW in talks with Mini over Alfa Romeo cooperation (08 July 09:33) |
| BMW , the world's biggest premium carmaker, is in talks with Italy's Fiat over a possible cooperation between their Mini and Alfa Romeo brands, the two said in a joint statement BMW sent on ... |
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Siemens to cut 4.2 percent of its global work force, blames slowing economy for decision (08 July 09:33) |
| Industrial conglomerate Siemens AG said Tuesday it would cut 16,750 jobs, or about 4.2 percent of its global work force _ mostly administrative-related positions _ to streamline its operatio... |
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Dreamworks to use Intel technology for 3-D movies (08 July 09:33) |
| DreamWorks Animation SKG Inc plans to use chips from Intel Corp for the creation of 3-D movies, the companies said on Tuesday. |
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ArcelorMittal SA to increase production at plant (08 July 09:33) |
| ArcelorMittal South Africa , a unit of steel giant ArcelorMittal , said on Tuesday it is aiming to increase production at its Newcastle plant by the fourth quarter of 2008. |
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Novartis completes first stage in $38 billion takeover of eye-care company Alcon (08 July 04:02) |
| Novartis AG said that it has completed the first stage of its US $38 billion takeover of US eye-care company Alcon Inc. |
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Subprime fallout could last two years: Singapore bank head (08 July 04:02) |
| The global fallout from the US subprime mortgage crisis could last another two years. |
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British home builder Persimmon to shed 1,100 jobs (08 July 04:02) |
| Home builder Persimmon said that job cuts would eventually amount to about 1,100 since the start of the year as it battles a downturn to the housing market in Britain. |
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Former Hewlett-Packard CEO open to being McCain's VP (08 July 04:02) |
| Former chief executive of Hewlett-Packard, Carly Fiorina, has indicated that she is open to the idea of being Republican presidential nominee John McCain's running mate. |
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GM, Ford say China sales rise sharply (08 July 04:02) |
| General Motors Corp. and Ford Motor Co. said that their first-half sales grew strongly in China's booming auto market. |
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Vietnam H1 car sales soar despite economic slowdown (08 July 04:02) |
| Car sales in Vietnam during the first half of this year nearly tripled from the same period last year the Vietnam Automobile Manufacturers Association said. |
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Wal-Mart plans to sell Samurai bonds (08 July 04:02) |
| Wal-Mart Stores Inc plans to sell Samurai bonds in three tranches. |
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Airbus to launch successor to A320 in 2014 (08 July 01:47) |
| European aircraft maker Airbus is planning to launch the successor generation of A320s in 2014 and put them in service around 2018. |
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Philips transfers PC monitor business to TPV (08 July 01:47) |
| Dutch Philips Electronics said it has entered into a deal to outsource its PC monitors business to TPV Technology to boost profitability at its loss-making TV unit. |
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Bush is tough on sanctions over nuclear, terror acts in Iran (08 July 01:47) |
| US exports to Iran grew more than tenfold during Bush's years in office even as he accused Iran of nuclear ambitions and helping terrorists. |
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Spain wants closer ties with Arab world (08 July 01:47) |
| Spain has said that it wants to forge closer ties with the Arab countries to end mutual misconceptions, resolve conflicts and build trans-cultural understanding. |
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European Union official warns that inflation can go out of control (08 July 01:47) |
| Euro nations are risking a price spiral as inflation hits record levels on soaring oil and food costs. |
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Vietnam car sales up 141 per cent in first half (08 July 01:47) |
| The Vietnam Automobile Manufacturers' Association (VAMA) announced that auto sales in Vietnam rose 141 pc year-on-year in the first half of 2008.
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Manila's PLDT Q2 mobile subs growth exceeds goal (08 July 01:47) |
| Philippine Long Distance Telephone Co (PLDT), Manila bourse's most valuable firm, said that it added more than 1.6 mn mobile phone subscribers in the second quarter, beating its 1.5 mn targe... |
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'Foreign jets flout safety rules in unsupervised Aus airspace' (08 July 01:47) |
| Pilots of foreign jets flying through unsupervised zones across Australia are reportedly unable to comprehend correct collision-avoidance procedures.
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Former WSJ top editor heads to Washington Post (08 July 01:47) |
| Marcus Brauchli, who left a top editorial job at the Wall Street Journal in April, was named executive editor of The Washington Post newspaper. |
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McCain advocates free trade to revive stumbling US economy (08 July 01:47) |
| Republican presidential nominee John McCain has unveiled his plans for reviving the sinking US economy for free trade and unemployment insurance. |
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Japan steelmakers sign iron ore pact with BHP (08 July 01:47) |
| Japan's top four steelmakers, including the world's No 2 Nippon Steel Corp, said that they have struck a deal with BHP Billiton on a near doubling of contract iron ore prices this business y... |
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Chinese business confidence weakens in Q2 (08 July 10:08) |
| China's business confidence index fell to 134.8 in the second quarter from 140.6 in the first 3 months of 2008. |
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Singapore's NOL shares fall after shock CEO departure (08 July 10:08) |
| Shares in Neptune Orient Lines fell more than 3 pc after the surprise resignation of its CEO.
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US should be ready for more stimulus: JP Morgan CEO (08 July 10:08) |
| JP Morgan Chase & Co Chief Executive Jamie Dimon said US policy makers should be prepared to implement another round of fiscal stimulus. |
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China delays resource tax hike for miners -paper (08 July 10:08) |
| China will hold off for at least 3 months on a resource tax hike due to inflation worries, after rumours of an imminent rise had sent coal-related share prices tumbling.
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Wealth funds meet in Singapore to allay Western fears (08 July 10:08) |
| Sovereign wealth funds that control an estimated $3 trillion in assets will meet in Singapore this week to discuss a code of ethics aimed at allaying Western fears that their investments are... |
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Venezuelan new car sales fall 27 pc through June (08 July 10:08) |
| Sales of new cars in Venezuela fell 27.4 pc in the first half of the year. |
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GM to build world's biggest rooftop solar station (08 July 08:23) |
| General Motors will announce that it will build the world's largest rooftop solar power station at its biggest factory in Europe. |
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Merrill ups China Oilfield to buy from neutral (08 July 08:23) |
| Merrill Lynch upgraded China Oilfield Services to buy from neutral, citing positive upside to the firm's deal to buy Norwegian peer Awilco Offshore for around $2.5 bn. |
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AirTran to cut 180 pilot jobs and 300 flight attendant jobs (08 July 07:22) |
| AirTran Airways is cutting 480 jobs, or more than 5 pc of its work force, amid difficult financial times due largely to soaring fuel prices. |
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NYC to spend $2.3 bln to cut greenhouse gases (08 July 07:22) |
| New York City will spend $2.3 billion to cut greenhouse gas emissions from municipal buildings and operations by 30 percent in 30 years, Mayor Michael Bloomberg said on Monday. |
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Alcoa investors bracing for earnings hit (08 July 05:04) |
| Investors in Alcoa Inc are expecting a rough quarterly earnings report on Tuesday from the aluminum maker, whose profits are expected to sink nearly 20 percent as escalating energy and other... |
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US airlines report fewer delays in May (08 July 05:04) |
| U.S. airlines improved their on-time arrival rates in May, although more than one in five flights still failed to get passengers to their destination as scheduled, according to government da... |
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