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Citi gets $7.5bn capital fill-up from Abu Dhabi (27 November 09:09) |
| The Abu Dhabi Investment Authority will shore up Citigroup's overstretched balance sheet with a capital injection at a coupon of 11 per cent |
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Stocks slide despite Fed move on funding fears (27 November 05:43) |
| US stock prices and bond yields plunged as credit fears grew in spite of aggressive efforts by the Federal Reserve to head off a year-end funding squeeze |
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Rio Tinto to sell $30bn of assets (27 November 03:46) |
| Mining group Rio Tinto attempted to bolster its defences against a proposed $133bn takeover by rival BHP Billiton, promising to sell up to $30bn of non-core assets and raise its dividend by ... |
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Branson's £200m for rescue of Northern Rock (27 November 03:32) |
| Sir Richard Branson is to put £200m of his own money into the rescue of Northern Rock as part of the deal he sealed during a weekend call from his private Caribbean island |
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China rejects Sarkozy calls on renminbi (27 November 01:10) |
| China has waved aside a call from Nicolas Sarkozy for accelerated appreciation of the renminbi against the euro, telling the visiting French president it would continue its exchange rate... |
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Online US retail sales exceed expectations (27 November 01:10) |
| US online retail sales have been growing at better-than-expected rates in the run-up to the holidays, according to Wall Street analysts and internet retailers |
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China rejects Sarkozy calls on renminbi (27 November 01:10) |
| China has waved aside a call from Nicolas Sarkozy for accelerated appreciation of the renminbi against the euro, telling the visiting French president it would continue its exchange rate ref... |
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US paves way for long-term stay in Iraq (27 November 12:36) |
| American and Iraqi officials said both countries would work towards extending the United Nations mandate that allows US and coalition troops to operate in Iraq for one more year |
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Citigroup launches new round of cost cuts (26 November 11:09) |
| Citigroup, beset by losses from the credit market's meltdown, has launched its second round of cost cuts this year, a process certain to wring more jobs from the US bank |
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Citigroup in second review of staffing costs (26 November 11:09) |
| Citigroup, beset by losses from the credit market's meltdown, has launched its second expense review this year, a process likely to wring more jobs from the US bank |
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NY Fed acts on money markets (26 November 10:25) |
| The Federal Reserve Bank of New York announced that it planned to conduct a series of long term repurchase operations that are designed to help ease year-end funding pressure in the money ma... |
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Wall St buoyed by holiday shopping (26 November 06:47) |
| Wall Street stocks were set for a higher start on Monday, buoyed by reports of a good start to the holiday shopping season |
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HSBC in $35bn SIV bail-out (26 November 06:29) |
| Europe's biggest bank stepped in to support its two structured investment vehicles – Cullinan and Asscher – by providing them with backing of up to $35bn |
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Virgin confirmed as preferred bidder for Rock (26 November 05:29) |
| Virgin said £11bn of the more than £20bn that the bank has borrowed from the Bank of England would be repaid in full upon completion of the deal, with 'a clear path towards repayment in fu... |
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Philips launches €1.8bn bid for Genlyte (26 November 05:28) |
| Philips, the Dutch consumer goods and electronics group, launched a bid for Genlyte, the US lighting fixtures maker, to bolster its position in the North American market for energy-saving li... |
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Dubai fund takes stake in Sony (26 November 04:53) |
| Dubai International Capital, a private equity company owned by the ruler of Dubai, said it had made a 'substantial investment' in Sony in its first investment in a Japanese company |
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Dollar heads towards record low (26 November 04:29) |
| The dollar started the week on the back foot on Monday, edging back towards its record low against the euro as worries over the health of the US economy persisted. |
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French companies parade big China orders (26 November 01:53) |
| China signed two multibillion-dollar contracts as a visit by Nicolas Sarkozy, France's president, showed signs of producing plenty of business deals but little progress on European calls for... |
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Rio Tinto bolsters its defence (26 November 01:49) |
| At it annual investor conference Rio Tinto will outline plans to increase dividends and sell more assets |
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New York fights back in IPO race (26 November 04:06) |
| The amount of money raised through initial public offerings in New York is set to surpass London for the first time in three years |
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NY to surpass London in IPO race (26 November 04:06) |
| The amount of money raised through initial public offerings in New York is set to surpass London for the first time in three years |
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StatoilHydro begins Arctic drilling (26 November 03:55) |
| StatoilHydrol, the Norwegian national oil company, has begun a two-year drilling programme in Arctic waters to determine the potential of Norway's share of one of the world's few remaining u... |
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Ba'ath reform bill rejected by Sadrists (26 November 03:06) |
| Iraq's parliament was presented with the text of a proposed law to rehabilitate purged members of the Ba'ath party |
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Investors fear new round of turmoil (26 November 02:02) |
| Investors fear the financial system is moving into new credit turmoil, which could create further losses for financial institutions – and potentially hurt sentiment in the "real" economy |
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Investors fear new turmoil (26 November 02:02) |
| Investors fear the financial system is moving into new credit turmoil, which could create further losses for financial institutions – and potentially hurt sentiment in the "real" economy |
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Victorious Rudd to ratify Kyoto at once (26 November 01:18) |
| New Labor prime minister will also attend the UN climate change conference in Bali next month, aiming to put Australia in the forefront of environmental action |
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Outlook darkens for Detriot carmakers (26 November 12:59) |
| The dark clouds over General Motors, Ford Motor and Chrysler apperared to be lifting a month ago, but a new squall has engulfed the Detriot carmakers |
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Outlook darkens for Detroit carmakers (26 November 12:59) |
| The dark clouds over General Motors, Ford Motor and Chrysler appeared to be lifting a month ago, but a new squall has engulfed the Detroit carmakers |
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California homes deal to avert defaults (26 November 12:44) |
| Arnold Schwarzenegger is once again leading US states to action on policy reform ahead of lawmakers on Capitol Hill |
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Crackdown on protest before Russia polls (26 November 12:11) |
| Riot police hold two potential presidential candidates and more than 200 other opposition protesters as authorities stamp out dissent a week before parliamentary elections |
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Sarkozy raises China currency concerns (25 November 11:50) |
| French president spells out the EU's growing concern about China's exchange rate and trade policies, saying balanced international relations depend on a fair rate for the renminbi |
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Sharif returns to rid Pakistan of 'dictatorship' (25 November 10:56) |
| Pakistan's former prime minister Nawaz Sharif returned home from seven years in exile, promising to intensify his challenge to the rule of General Pervez Musharraf, the beleaguered president... |
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Troika to begin final push on Kosovo (25 November 09:58) |
| The EU, US and Russia are to begin a last-ditch effort to get Serbia and Kosovar Albanians to reach a settlement over the status of Kosovo, but diplomats expect failure |
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Sharif returns to rid Pakistan of 'dictatorship (25 November 09:37) |
| Former Pakistani prime minister Nawaz Sharif returned from exile to confront his arch-rival President Pervez Musharraf who has imposed emergency rule on the country |
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Pakistan's Sharif arrives homes from exile (25 November 06:43) |
| Pakistan police detained thousands of supporters of Nawaz Sharif to stop them greeting the former prime minister on his return from exile in Saudi Arabia, according to party loyalists |
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Australia elects new prime minister (24 November 09:42) |
| Kevin Rudd's Labor party has swept to power in Australia's federal election, delivering a stunning defeat to the 11-year reign of prime minister John Howard and his ruling centre-right coal... |
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US shoppers hit the stores for Black Friday (24 November 01:40) |
| US shoppers may be shunning traditional toys this season in favour of electronics, clothing and other goods, due to anxieties over the safety of Chinese made products, according to anecdotal... |
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No relief for the sliding dollar (24 November 12:52) |
| The dollar fell to record lows against the euro and the Swiss franc this week and hit its weakest levels for 2½ years against the yen as speculation mounted that the Federal Reserve would b... |
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Liner hits iceberg near Antarctica (24 November 12:24) |
| More than 100 tourists and crew aboard a cruiseliner were rescued
after their ship struck an iceberg about 600 miles off Tierra del Fuego and started to sink |
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Wall St ends the week on a bright note (24 November 12:17) |
| US stocks posted strong gains during a truncated holiday session as retailers hoped a post-Thanksgiving shopping spree would soothe fears about a consumer slowdown |
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Ailing mortage lenders set tone on Wall St (24 November 12:17) |
| The bears remained in charge on Wall Street this week when fears about a US economic slowdown and the continuing fall-out from the subprime mortgage crisis bled confidence from jittery equit... |
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Poll surge gives Howard late boost (24 November 12:05) |
| John Howard entered Saturday's Australian election still trailing his opponent Kevin Rudd, but buoyed by a late opinion poll surge that showed him narrowing the gap |
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E-Trade shares surge on takeover talk (23 November 11:57) |
| Shares in E_Trade, the troubled online brokerage firm, soared by more than 20 per cent in New York as the market reacted to fresh revelations that the company was in talks to be acquired |
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Beijing turns preacher over Dalai Lama (23 November 10:28) |
| China's atheist government has donned theologically conservative garb to condemn the Dalai Lama's suggestions he might not rely on reincarnation to provide his successor |
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Wall St set to end week on bright note (23 November 09:03) |
| US investors returned from Thanksgiving in a more charitable mood as stock indices rebounded from Wednesday's losses, investor attention turned to the retail sector on 'Black Friday' and E-T... |
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Wall St seeks to end week on bright note (23 November 07:38) |
| US investors were set to return from Thanksgiving in a more charitable mood on Friday, as stock index futures indicated a rebound from Wednesday's losses and investor attention turned to th... |
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Dollar tumbles to record low against euro (23 November 05:22) |
| The dollar tumbled to a fresh record low against the euro as speculation mounted that the Federal Reserve would be forced to cut US interest rates at its December meeting |
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Eurozone growth hit by services slowdown (23 November 05:16) |
| Economic growth in the eurozone has been hit by a further slowdown in its service sector, as Jean-Claude Trichet, ECB president, warned that banks faced a 'material test' of their busine... |
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ECB set to pump cash into money markets (23 November 05:16) |
| Fresh emergency action to pump funds into the money markets was announced by the European Central Bank amid renewed fears that liquidity in the credit markets is again starting to dry up |
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ECB set to pump cash into money markets (23 November 05:16) |
| Fresh emergency action to pump funds into the money markets was announced by the European Central Bank amid renewed fears that liquidity in the credit markets is again starting to dry up |
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