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Biofuels, trade dominate EU-Latin America summit (17 May 10:51) |
| European and Latin American leaders called for action to tackle surging food prices and global warming at a summit in Peru on Friday, despite differences over biofuels and free trade. |
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World economy to grow 1.8% in 2008: UN (17 May 02:50) |
| The US economists have said that the deepening credit crisis in major market economies triggered by the US-led slump in housing prices will pose risks to economic growth in both developed an... |
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Crude at $128 (17 May 02:50) |
| Crude oil for June delivery rose $3.13, or 2.5%, to $127.25 a barrel at 9:20 a.m. on the New York Mercantile Exchange. The contract surged to $127.82 on Friday, the highest since trading beg... |
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Nhleko may run MTN-Bharti (17 May 02:50) |
| Nhleko, a US-educated civil engineer turned corporate financier and MTN's CEO since 2002, has been instrumental in growing the company into a big international group. |
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GE may sell appliance division (17 May 12:50) |
| The sale will mark the end of a brand of household products that made GE a fixture in American homes over the last century.
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Graincorp offers to buy Ridley (16 May 10:45) |
| Australian grains handler Graincorp Ltd said on Friday it had offered to buy agricultural feed firm Ridley Corp for A$415 million ($392 million). |
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Icahn to fight Yahoo to accept Microsoft bid (16 May 10:45) |
| Financier Carl Icahn has criticised Yahoo for the breakdown in talks, saying he accumulated 59 mn shares and options in Yahoo and assembled a 10-member dissident board slate for election at ... |
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World economy to grow by 1.8%: UN (16 May 10:45) |
| The UN says the world economy is "teetering on the brink" of a severe downturn and will grow by only 1.8 percent in 2008. |
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Oil near $125 on heating oil supply strain (16 May 10:45) |
| Oil rebounded to near $125 a barrel on Friday, led by the bullish heating oil market as China and Europe scramble for barrels, thinning global supply. |
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Worst of financial crisis over: IMF chief (15 May 06:08) |
| The worst of the financial sector crisis is over although the impact on the broader economy will likely drags on in coming months, IMF managing director Dominique Strauss-Kahn said.
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'No global recovery before '09' (14 May 04:41) |
| IMF chief Dominique Strauss-Kahn said that while a "large part" of a global financial crisis was probably over, he did not foresee an end to the economic slowdown before next year. |
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Vijay Bhatnagar appointed ArcelorMittal India CEO (14 May 02:42) |
| Bhatnagar, who is also appointed as the Executive Vice President, will replace the current CEO Sanak Mishra.
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MySpace wins $230M spam judgment, believed to be largest ever (14 May 08:37) |
| The popular online hangout MySpace has won a $230 million (euro148.65 million) judgment over junk messages sent to its members in what is believed to be the largest anti-spam award ever. |
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Mittal is chairman of ArcelorMittal (14 May 02:36) |
| L N Mittal and his family together own over 43% of the steel group , but is thinking of increasing his stakes. |
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'US slowdown to hit Asia in mid-2008' (14 May 02:36) |
| The global credit rating agency Moody's has said that Asia is expected to feel the heat of the credit crunch in the world's largest economy in the second or third quarter of this year. |
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Asia decides to raise farm produce (14 May 02:36) |
| Finance chiefs have called on the ADB to take an active role in stabilising surging food prices in a region that is home to two thirds of the world's poor.
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AIG raises $11.9 bn to bolster balance sheet (13 May 08:56) |
| American International Group Inc the world's largest insurer, on Monday raised $11.9 billion to help strengthen its balance sheet, after suffering record losses in the past two quarters. |
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Australian banks agree mega merger (13 May 08:56) |
| Australia's fourth-largest bank Westpac and fifth-ranked St. George said Tuesday they had agreed to a proposed merger which would create the country's biggest bank. |
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Oil eases below $124 per barrel (13 May 08:56) |
| World oil prices eased further on Tuesday, trading below 124 dollars a barrel as a firmer dollar encouraged profit-taking in a market that remains well-supported, analysts said. |
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Chavez nationalises biggest steelmaker (13 May 08:56) |
| Venezuelan President Hugo Chavez nationalised the country's biggest steelmaker Ternium-Sidor, which is majority owned by Argentina's Techint. |
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Bush to discuss oil with Saudi King (13 May 08:56) |
| President George W Bush said that when he meets Saudi Arabia's King Abdullah later this week, he will bring up the effect that high oil prices are having on the US and global economies. |
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HP in talks to buy EDS to compete with IBM (13 May 06:57) |
| Hewlett-Packard Co is in talks to buy technology outsourcing company Electronic Data Systems Corp for $12 billion to $13 billio. |
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Bharti Airtel may raise its offer for MTN (13 May 12:55) |
| Bharti and MTN Group had said last week they are in talks which may or may not lead to a deal. |
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Gas prices boost bicycle sales in US (12 May 10:54) |
| Commuters around the US are dusting off their old two-wheelers -- or buying new ones -- to cope with rising fuel prices, bicycle dealers say. |
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China inflation rises to 8.5% in April (12 May 10:54) |
| China's inflation rate rose to 8.5 percent in April, remaining near 12-year highs, the National Bureau of Statistics said on Monday. |
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Canada oil & gas giant EnCana splits (12 May 10:54) |
| Canada's oil and gas giant EnCana announced on Sunday it was splitting in two separate entities: a natural gas company and "a fully integrated oil company." |
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Cablevision on verge of buying Newsday for $650M: Report (12 May 06:55) |
| Cablevision Systems Corp. is close to buying the Long Island newspaper Newsday from Tribune Co. for $650 million (euro420.49 million), a person with knowledge of the situation said Sunday.
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Murdoch calls off $580m Newsday bid (12 May 04:54) |
| News Corp, the media conglomerate controlled by Rupert Murdoch, has withdrawn its bid to purchase the Long Island paper Newsday, a News Corp, a spokeswoman said on Saturday |
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China to make jumbo jets with a $2.7 billion company (11 May 06:53) |
| China on Sunday took for the first step to fulfil its long-held dream of manufacturing jumbo aircrafts. It has registered a $2.7 billion company that could take on Airbus and Boeing. |
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Vodafone examining 20 bn pounds MTN bid: Report (11 May 06:53) |
| Last week, Sunil Mittal-led Bharti Airtel and MTN had said that they have initiated "exploratory discussions" for a possible stake acquisition in the South African mobile player. |
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ArcelorMittal sells off US steel mill to Severstal (10 May 10:48) |
| The world's largest steel group ArcelorMittal said it has finalised the 810 million dollar (525 million euro) sale of a plant in the United States to Russian steelmaker Severstal. |
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Mystery Indian analyst spooks world economy (10 May 12:52) |
| A little known Indian analyst at Goldman Sachs has become a doomsday prophet for his forecasts about oil prices based on what he calls the "super-spike" theory.
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Doha trade talks: India, US agree to work together (10 May 08:53) |
| India and the United States have agreed to resolve the divisive issues for an early conclusion of the Doha round of trade negotiations.
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Oil ends record week near $126 (10 May 06:53) |
| Crude oil on the New York Mercantile Exchange ended up $2.27 at $125.96 a barrel, after hitting a record $126.20. |
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Microsoft appeals against $1.4 bn fine imposed by EU (10 May 04:53) |
| Microsoft Corp on Friday said it has appealed a $1.39 billion (euro0.9 billion) fine imposed in February by the European Commission for failing to comply with a 2004 antitrust order. |
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ADB blames Asia for crisis (10 May 02:52) |
| Asia's response to tightening global grain supplies has aggravated food price inflation and uncertainty, according to an Asian Development Bank report.
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Microsoft shifts focus after Yahoo deal collapses (10 May 02:52) |
| Microsoft Corp will focus on growing its own advertising and Internet search business after it withdrew its takeover offer for Yahoo Inc, chairman Bill Gates said.
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Mystery Indian analyst at Goldman spooks world economy (10 May 02:52) |
| They are calling him Arjun ‘‘Spike'' Murti, but his real middle name is Narayana, the supreme manifestation of the Hindu god Vishnu. Supreme he is, in the oil world.
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Oil prices near $125 a barrel (09 May 04:51) |
| World oil prices hit a fresh record high point close to USD 125 per barrel on Friday, extending this week's record run. |
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Oil jumps to record $124 a barrel (09 May 09:15) |
| Oil prices held steady on Thursday in Asia after jumping to a record near $124 a barrel. |
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HSBC admits to losing data (09 May 01:16) |
| Global banking group has admitted to losing a computer server with the transaction data of 159,000 account holders in Hong Kong branch. |
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Crude rallies to $124 (09 May 01:16) |
| Oil prices held steady on Thursday in Asia after jumping to a record near $124 a barrel. |
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Microsoft going 'independent' (08 May 03:02) |
| Microsoft chairman Bill Gates said on Wednesday the company isn't pursuing other deals following the withdrawal of its $47.5 billion takeover bid for Yahoo. |
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Bill Gates plays down prospects of fresh Yahoo bid (07 May 04:58) |
| Microsoft on Saturday had abandoned its proposal to acquire Yahoo after the struggling Internet giant rejected an increased offer of 33 dollars per share, after months of wrangling between t... |
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The ways of business catalysts (07 May 02:59) |
| Richard Schmalensee, the former dean of MIT's Sloan School of Business, unravels the secrets of a curious breed of companies that acts as matchmakers in the corporate world. |
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Yahoo board may have to fend off shareholder mutiny (07 May 07:00) |
| After fending off months of threats by Microsoft Corp., Yahoo Inc.'s directors still will have to fight for their jobs as the company's own irate shareholders plot a mutiny. |
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IMF approves plan to sell 403 tonnes of gold (07 May 02:55) |
| The International Monetary Fund board of governors on Tuesday approved the sale of 403.3 tonnes of IMF gold reserves as part of a financial overhaul that helps boost its sagging coffers.
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Oil boils to $121 on supply woes, weak dollar (07 May 02:55) |
| Oil futures rose to an all time high of $121 a barrel on Tuesday in Asia, fueled by worries of threats to supply and a weakening of the dollar. |
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'Mumbai is 7th largest billionaire city' (07 May 12:55) |
| Country's
financial capital Mumbai is the world's seventh largest city in terms of
billionaire population, says
Forbes. |
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Airlines slow down in mid-air to save fuel (07 May 12:55) |
| Drivers have long known that slowing down on the highway means getting more miles to the gallon. |
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