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Tata Steel sees India volumes up 20 pct in Q4 (11 March 11:21) |
| NEW YORK (Reuters) - Tata Steel Ltd said on Thursday it expects sales volumes in India in the current quarter to be 20 percent higher than a year ago.
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Obama outlines strategy to boost exports (11 March 11:05) |
| WASHINGTON (Reuters) - President Barack Obama, anxious to spur growth and tackle high unemployment, on Thursday laid out a plan for tougher enforcement of trade laws, government advocacy and... |
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US traffic deaths down regulators probed on Toyota (11 March 10:46) |
| WASHINGTON (Reuters) - U.S. traffic deaths in 2009 hit their lowest level in since the mid-1950s, according to preliminary data released ahead of a congressional hearing expected to take a ... |
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Iceland IMF aid Icesave should be separate - Norway (11 March 10:43) |
| COPENHAGEN (Reuters) - Norway's foreign minister said on Thursday the International Monetary Fund (IMF) should deal with the question of aid for Iceland separately from Reykjavik's efforts t... |
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BP to pay Devon $7 bln for Brazil GOM Azeri fields (11 March 10:32) |
| LONDON/NEW YORK (Reuters) - BP will pay $7 billion to Devon Energy for assets that will extend its reach into Brazil and bulk up its position in the Gulf of Mexico, as the world's top oil co... |
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EU defends hedge fund rules against US critics (11 March 10:28) |
| BRUSSELS (Reuters) - The European Union hit back on Thursday against U.S. criticism of plans to crack down on hedge funds, saying its push for openness in the industry met a commitment also ... |
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Big majority in US wants Wall Street regulation (11 March 10:15) |
| WASHINGTON (Reuters) - An overwhelming majority of Americans wants Wall Street subjected to tougher regulation in the aftermath of the bank bailout and the bonus scandals that have rocked th... |
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Russias Alrosa eyes $1 bln diamond sales to India (11 March 09:45) |
| MOSCOW (Reuters) - Russian state diamond monopoly Alrosa plans to supply about $1 billion worth of unpolished stones to India this year, enough to generate almost a third of its total revenu... |
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Dubai rallies as debt deal seen near (11 March 08:39) |
| DUBAI/ABU DHABI (Reuters) - Dubai's market rallied to seven-week highs on Thursday on hopes for a Dubai World debt deal while some major creditor banks halted internal trading in the firm's ... |
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NMDC offer gets lift from state investors - sources (11 March 08:31) |
| MUMBAI (Reuters) - State iron ore miner NMDC saw the institutional order book fully covered on the second day of its share offering worth up to $2.6 billion, thanks to big orders from two st... |
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Astra dives into branded generics with Torrent deal (11 March 08:18) |
| LONDON (Reuters) - AstraZeneca is boosting its presence in emerging markets through its first branded generics supply deal, with Torrent Pharmaceuticals, mirroring similar tie-ups by other B... |
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BP to pay Devon $7 bln for oil fields (11 March 07:29) |
| LONDON (Reuters) - London-based oil major BP has agreed to buy Brazilian, Azeri and Gulf of Mexico assets from Devon Energy for $7 billion, as the U.S. producer refocuses on onshore U.S. fie... |
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Chinas thirst for energy fuels westward expansion (11 March 07:26) |
| ALMATY (Reuters) - China's insatiable demand for energy to power its economy has made it a serious contender in the fight for control over vast energy resources in its thinly populated and i... |
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INTERVIEW - MM Fin to add branches headcount in rural push (11 March 07:21) |
| MUMBAI (Reuters) - Mahindra & Mahindra Financial Services Ltd will increase its headcount by up to 1,500 employees in the next fiscal as it adds branches to finance a growing army of rur... |
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HSBC says Swiss data theft affects 24000 accounts (11 March 07:21) |
| LONDON/GENEVA (Reuters) - HSBC, Europe's biggest bank, said a theft of data by a former employee affected up to 24,000 Swiss client accounts, dealing a hefty blow to the reputation of its pr... |
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Reuters Summit - ArcelorMittal to boost mine production (11 March 07:18) |
| New YORK (Reuters) - ArcelorMittal, the world's largest steelmaker, aims to boost iron ore production from its own mines by over 50 percent in the next five years, the company's head of mini... |
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Euro policymakers inject cold reality into EMF debate (11 March 07:16) |
| BERLIN/LUXEMBOURG (Reuters) - EU policymakers injected a dose of cold reality into talk of creating a European monetary fund, questioning who would pay for it and saying the principle of no ... |
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Fortis Healthcare buys TPGs Parkway stake (11 March 07:01) |
| SINGAPORE/NEW DELHI (Reuters) - Hospital chain Fortis Healthcare will buy 23.9 percent of Singapore's Parkway Holdings from U.S. buyout firm TPG Capital in an expansion drive into Asia and t... |
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Russia may invite ONGC to energy projects - govt (11 March 06:11) |
| MOSCOW (Reuters) - Russia is considering inviting state-run Oil and Natural Gas Corp to develop oil and gas fields in Russia, the government said on Thursday, ahead of Prime Minister Vladimi... |
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NMDC share sale 79 pct covered on second day (11 March 05:46) |
| MUMBAI (Reuters) - A share sale in India's top iron ore miner NMDC saw interest reviving on the second day of book building, with bids for 79 percent of the shares on offer.
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BMW 2009 profit beats forecast aided by cost cuts (11 March 05:44) |
| FRANKFURT (Reuters) - BMW's cost cutting measures have begun to gain traction as the German premium automaker posted a better-than-expected 2009 profit despite lower vehicle production.
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BofA Merrill Lynch taps JPMorgan banker as India head (11 March 05:27) |
| MUMBAI (Reuters) - Bank of America Merrill Lynch is hiring JP Morgan's India equities head to run the bank's operations in the country, Merrill Lynch said on Thursday, bringing her back a ye... |
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McNally Bharat sees FY11 revenue at 35 bln rupees - MD (11 March 05:25) |
| KOLKATA (Reuters) - McNally Bharat Engineering Co Ltd expects total revenue to touch 35 billion rupees in FY11, helped by its bidding for orders in infrastructure, a top official told Reuter... |
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BSE Sensex rises 2nd day banks techs gain (11 March 05:15) |
| MUMBAI (Reuters) - The BSE Sensex rose for the second session and gained 0.4 percent on Thursday on late buying in banks and software companies after global markets erased some of their loss... |
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BMW profit beats estimates as cost cutting grips (11 March 05:00) |
| FRANKFURT (Reuters) - BMW's 2009 pretax and net profit beat market expectations despite falling auto production as cost-cutting measures began to gain traction at the German premium auto mak... |
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CC Cons says unit gets order from Cinepolis-India (11 March 04:53) |
| MUMBAI (Reuters) - C&C Constructions Ltd said on Thursday its unit has received an order from Cinepolis-India to construct a megaplex in Mohali.
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ANALYSIS - As oil rallies physical market suggests ample supply (11 March 04:48) |
| LONDON/SINGAPORE (Reuters) - Oil has rallied to within sight of its 2010 high this week, but the physical crude markets in Asia and Europe are telling a more bearish story about oversupply a... |
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Fortis Hcare to buy $685 mln stake in Spore Parkway (11 March 04:16) |
| SINGAPORE (Reuters) - Indian hospital chain Fortis Healthcare said it will buy 23.9 percent of Singapore healthcare provider Parkway Holdings for $685 million, giving it access to Southeast ... |
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Astra dives into branded generics with Torrent Pharma deal (11 March 03:27) |
| LONDON (Reuters) - AstraZeneca is boosting its presence in emerging markets through its first branded generics supply deal, with India's Torrent Pharmaceuticals, mirroring similar tie-ups by... |
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Airlines recovering strongly still in red - IATA (11 March 03:20) |
| GENEVA (Reuters) - Airlines are recovering strongly from the crisis, as passengers, freight and pricing power return, the airline industry association IATA said on Thursday, halving its fore... |
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Man Infra shares surge nearly 49 pct on debut (11 March 03:20) |
| MUMBAI (Reuters) - Shares of Man Infraconstruction rose nearly 49 percent on its debut on Thursday, despite concerns over its order book favouring residential construction segment.
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HSBC says Swiss data theft affects 15000 clients (11 March 03:06) |
| LONDON (Reuters) - HSBC Holdings said the theft of data by a former employee affected about 15,000 Swiss client accounts, after previously saying it affected "less than 10 clients".
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INTERVIEW - Lenovo sees rival-beating rev shipment growth in 2010 (11 March 02:43) |
| BEIJING (Reuters) - Lenovo Group, the world's No.4 PC brand, said it expects revenue and shipments to grow faster than its competitors in 2010, helped by the global economic recovery and a s... |
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Greek workers strike as anger at austerity grows (11 March 02:20) |
| ATHENS (Reuters) - Greek public and private sector workers went on strike on Thursday, grounding flights, shutting schools and halting public transport in the second nationwide walkout in a ... |
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Indias steel needs spell less iron ore for China (11 March 02:18) |
| NEW DELHI (Reuters) - India's export taxes on iron ore and plans to ramp up supplies to domestic steel mills will cut shipments to key buyer China in the long term, and aid miners wrangling ... |
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Toyota hands over 2006 dissident memo to US panel (11 March 01:00) |
| TOKYO (Reuters) - Toyota Motor said on Thursday it has handed over to a U.S. congressional committee a letter sent to its management by a splinter union in 2006 seeking reforms to improve sa... |
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Boeing study says its tanker to create more US jobs (11 March 12:51) |
| WASHINGTON (Reuters) - A study paid for by Boeing Co found that an aerial tanker built by the plane maker would create 10 times more new U.S. jobs than a now-withdrawn plan by Northrop Grumm... |
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Fuel inflation accelerates RBI action seen (11 March 12:45) |
| NEW DELHI (Reuters) - Food prices moderated slightly while fuel price inflation accelerated in late February adding pressure on the Reserve Bank of India (RBI) to raise rates at its April po... |
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Asia stocks dip on China tightening fears (11 March 12:34) |
| SINGAPORE (Reuters) - Asian stocks fell on Thursday as investors worried strong loan growth and quickening inflation in China would spur Beijing to tighten monetary policy sooner than expect... |
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Cost push emission norms may hit auto firms (11 March 12:28) |
| MUMBAI (Reuters) - Auto makers are in for a rough ride ahead as a rise in raw material prices coupled with costs associated with new emission norms could force them to increase prices furthe... |
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SAfricas MTN posts lower FY profit users up 28 pct (11 March 12:14) |
| JOHANNESBURG (Reuters) - MTN, Africa's biggest mobile operator by subscribers, posted lower 2009 profit despite its new customers increasing by 28 percent to 116 million.
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RBI says FY11 borrowing not seen as huge challenge (11 March 12:05) |
| MUMBAI (Reuters) - India's record government borrowing for the fiscal year starting April 1 is unlikely to be a huge challenge, Reserve Bank of India (RBI) Deputy Governor Subir Gokarn said ... |
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BSE Sensex seesaws metals fall techs rise (11 March 11:20) |
| MUMBAI (Reuters) – The BSE Sensex was little changed in flip-flop trade on Thursday morning, as Asian markets edged lower with investors fretting over tighter monetary policy in China.... |
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China overheating fears grow spurring tightening talk (11 March 11:07) |
| BEIJING (Reuters) - Chinese consumer inflation spurted to a 16-month high in February and a raft of economic data displayed broad-based strength, providing fresh arguments for policy tighten... |
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NZ cbank sees less aggressive rate rises than in past (11 March 10:50) |
| WELLINGTON (Reuters) - New Zealand's central bank said on Thursday that the peak of its interest rate cycle would be lower than in the past, forcing investors to scale back bets on rate rise... |
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BA American Iberia offer EU concessions (11 March 10:47) |
| BRUSSELS (Reuters) - British Airways, American Airlines and Spain's Iberia have offered to cede a number of lucrative trans-Atlantic slots in a bid to gain EU antitrust immunity for their a... |
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GM CEO says US govt will make money on bailout (11 March 10:44) |
| SAN ANTONIO (Reuters) - General Motors Co will pay back roughly $8 billion in debt to the United States and Canada before June and could go public in a way that would allow taxpayers to make... |
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Rupee edges down on choppy shares weak peers (11 March 10:26) |
| MUMBAI (Reuters) - The rupee weakened slightly in early trade on Thursday as the dollar's gains versus major currencies overseas and a choppy start in domestic shares underpinned sentiment.
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Japan growth revised down adds to pressure on BOJ (11 March 10:19) |
| TOKYO (Reuters) - Japan's economy grew less than initially estimated in the fourth quarter and a broad gauge of price trends hit a record negative reading, adding to pressure on the Bank of ... |
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Chinese inflation rises fanning tightening talk (11 March 09:20) |
| BEIJING (Reuters) - Chinese consumer inflation spurted to a 16-month high in February and a raft of economic data displayed broad-based strength, providing fresh arguments for policy tighten... |
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