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Cut bonus pool size Goldman shareholders (21 November 01:40) |
| Some of Goldman Sachs Group Inc's largest shareholders have asked the company to cut the size of its bonus pool and pass along more of its profits to investors, the Wall Street Journal repor... |
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China grew more millionaires during financial crisis (20 November 06:54) |
| The economic downturn has hit the wealthy across the world. But the number of millionaires has actually shown a sharp rise of 8.6% in China over the past one year, an international research ... |
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Air Canada begins in-flight internet service (20 November 10:13) |
| The world's eighth largest airline said it has started trials from Thursday to offer internet service on select flights on its Toronto-Los Angeles and Montreal-Los Angeles routes. |
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US stocks sink on bearish semi note health insurers (19 November 09:07) |
| US stocks fell with all major indexes down more than 1% on weakness in the technology and health insurance sectors. Semiconductor stocks sank after BoA-Merrill Lynch cut its 2010 growth outl... |
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Hershey Ferrero may jointly bid for Cadbury (19 November 01:08) |
| Chocolate makers Hershey Co and Ferrero SpA are considering a joint bid for Cadbury that could help the British confectioner fend off a hostile takeover by Kraft Foods Inc. |
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China bars some MS Windows versions (19 November 01:06) |
| Microsoft Corp has been ordered by a Chinese court to stop selling versions of its Windows operating systems citing a violation of licensing agreements. |
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Goldman Sachs chief apologises for fin crisis (19 November 12:37) |
| The head of Goldman Sachs, Lloyd Blankfein, has apologised for the role the financial services major played in pulling down Wall Street titans that rattled the entire world. |
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US stocks lose ground over economic data (18 November 08:28) |
| Wall Street stocks lost ground in opening trade Wednesday after disappointing data on US housing starts and inflation prompted consolidation of recent gains.
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Vikran Pandit stays at Citi with $1 annual salary (18 November 01:14) |
| Citigroup's Indian-American chief executive Vikram Pandit will continue to work for an annual salary of $1 even as the group raised the annual base salary for two of its executives. |
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Vikram Pandit stays at Citi with $1 annual salary (18 November 01:14) |
| Citigroup's Indian-American chief executive Vikram Pandit will continue to work for an annual salary of $1 even as the group raised the annual base salary for two of its executives. |
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Yuan may enter IMF kitty to evaluate SDR (18 November 01:51) |
| Dominique Strauss-Kahn, the managing director of IMF, said that the yuan may be added in future to the basket of currencies that set the value of IMF monetary units called special drawing ri... |
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Fed paid AIGs partners to tear contracts (18 November 01:49) |
| The Federal Reserve Bank of New York gave up much of its power in high-pressure negotiations with the American International Group's trading partners last year, according to a government rep... |
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US stocks fall as dollar firm industrial data weighs (17 November 08:50) |
| Wall Street fell on Tuesday, slipping from a 13-month high, as a bounce in the dollar weighed on commodity-linked stocks and a report showed US industrial production rose less than expected. |
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Microsofts new OS breathes life into mundane routine (17 November 06:39) |
| With Microsoft's newest addition — Windows 7 — one doesn't need to wait for ages for the PC to boot. It is comparatively hassle-free when connecting to other devices, saves power and com... |
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Mauritius buys two metric tons of gold from IMF (17 November 11:01) |
| The African nation of Mauritius has bought two metric tons of gold from the International Monetary Fund for nearly $72 million. |
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70 of Americans see China as economic threat Poll (17 November 08:31) |
| A clear majority of Americans see China as an economic threat, a poll showed, as Barack Obama sought to bolster relations on his first trip to Beijing and Shanghai as president. |
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World economy on recovery path (17 November 01:02) |
| US President Barack Obama said on Sunday the world economy was on a path to recovery but warned that failure to re-balance the global economic system would lead to further crises. |
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Grupo Mexico beats Sterlite in Asarco race (17 November 01:00) |
| Putting an end to the year-long battle for control over bankrupt copper miner Asarco, a district court in Texas has favoured Grupo Mexico's $2.4 billion bid over that of Sterlite Industries,... |
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Japan exits recession with 48 growth (17 November 12:49) |
| Japan’s economy grew at a robust annual rate of 4.8% in the third quarter as stimulus spending and a rebound in exports appeared to bring the country firmly out of its worst recession in t... |
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US govt owned GM loses $11bn in Q3 (17 November 12:47) |
| GM, the successor to the automaker that slid into bankruptcy this year, said it lost $1.1 billion in the third quarter after its July 10 exit from a US-backed restructuring.
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Will start to pay back by 2009-end (17 November 12:45) |
| GM will begin paying back $6.7 billion in US government loans by the end of 2009 and could pay off that full amount by 2011, four years ahead of schedule, according to a source. |
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Oil price at $75-80 is good (17 November 12:37) |
| Seventy-five to $80 a barrel is a satisfactory price for oil, the president of Opec said in Abu Dhabi on Monday. |
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Islamic Bank invests $1bn in agriculture (16 November 09:51) |
| UN food agency has signed USD one billion agreement with an Islamic bank to provide aid in agriculture in developing countries, ahead of 'The World Food Summit' that kicked off on Monday at ... |
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US stocks rise on retail sales commodities (16 November 09:10) |
| US stocks rose sharply, adding to two weeks of gains, as data showed consumers spent more than expected in October and a decline in the US dollar helped lift commodity prices and boost natur... |
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JLR secures $284 million loan from GE Capital Report (16 November 11:57) |
| Tata group-owned Jaguar Land Rover (JLR) has secured a 170 million pound (about $284 million) loan from GE Capital in a move to strengthen its financial position, media report says.
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Oil higher as dollar stays weak (16 November 10:16) |
| Oil was higher in Asian trade today as investors bought into commodities including crude on the back of a weak dollar, analysts said. |
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World economy on recovery path Obama (16 November 12:55) |
| US President Barack Obama said the world economy was on a path to recovery but warned that failure to re-balance the global economic system would lead to further crises. |
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US banks failure toll reaches 123 so far in 2009 (15 November 10:41) |
| The number of bank failures in the US has continued to increase with a staggering 123 entities going out of business so far this year, despite the economy witnessing some signs of recovery. |
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UK PM vows to put bankers bonus crackdown into law (15 November 10:31) |
| PM Gordon Brown promised today to introduce legislation to "transform" the policing of Britain's financial sector when his government sets out its political programme this week. |
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US stocks end strong week on high note (14 November 04:50) |
| US stocks rose on Friday, capping their second straight weekly gain after positive earnings reports from retailers. |
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Eurozone comes out of recession (14 November 12:28) |
| The 16-country eurozone has officially joined the US and Japan out of recession, after figures on Friday showed its economy grew by 0.4% in the third quarter from the previous three month pe... |
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India China leading world recovery (14 November 12:26) |
| The biggest economic crisis since the 1930s has been the focus of this year's Asia-Pacific Economic Cooperation forum, an annual gathering of 21 member economies from Asia and the Pacific Ri... |
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Japan Airlines plunges deep into red (13 November 04:49) |
| Japan Airlines announced a massive loss Friday and sought breathing space from its creditors as Asia's biggest carrier pleads for another public bailout to keep flying.
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Intel to pay AMD $125 billion settle disputes (13 November 02:40) |
| Intel Corp will pay rival chipmaker Advanced Micro Devices Inc $1.25 billion to settle all outstanding legal disputes, in a move that can hasten the resolution of Intel's antitrust troubles. |
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British Airways Iberia approve basis for merger Airlines (13 November 04:49) |
| British Airways and Iberia of Spain approved on Thursday a preliminary agreement on a merger that would create a European aviation giant, the airlines said. |
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HP buys 3Com in $31bn deal (13 November 12:55) |
| Hewlett-Packard is making a move into the network equipment market by striking a $3.1 billion deal for 3Com, in a major challenge to Cisco Systems. |
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Motorola may split into 3 units to raise cash (13 November 12:51) |
| Motorola, which has said it wants to split into two separate companies, is exploring a three-way split instead in order to raise cash and pay down debt. |
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Asia leading world back to recovery (13 November 12:49) |
| US treasury secretary Timothy Geithner said there are "early signs" that the world is addressing imbalances in spending and saving that contributed to the global crisis. |
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Intel to pay $125b for patent dispute (13 November 12:30) |
| The chip maker Intel agreed to pay its rival, Advanced Micro Devices, $1.25 billion to settle antitrust and patent disputes. |
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Oil falls below $79 ahead of US supply report (12 November 11:23) |
| Oil prices fell below $79 a barrel on Thursday amid signs that US crude demand remains weak and as the dollar strengthened, making commodities like oil more expensive for international inves... |
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US Stocks Wall Street struggles higher as market mulls rally strength (12 November 09:38) |
| US stocks held in a tight range Thursday as investors showed little reaction to generally positive economic and corporate news due to what one analyst called "rally fatigue."
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Air France to cut prices revamp European service (12 November 05:08) |
| Air France said Thursday it plans to cut fares on European flights as part of a wider move to revamp its medium-haul service and stem losses.
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GM chief apologises for the handling of Opel Magna deal
(12 November 01:15) |
| US automaker General Motors' chief executive has apologised for the company's handling of the failed sale of its subsidiary Opel to Canadian manufacturer Magna and Russian investment bank Sp... |
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Malaysian airline sells 300000 seats in 24 hours (12 November 12:55) |
| With India and China among its main targets, Malaysian budget airline Air Asia's campaign saw at least 300,000 seats being sold in less than 24 hours. |
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US stocks Wall Street advances on overseas factory data stimulus (11 November 10:49) |
| The Dow industrials and the S&P 500 index made new yearly highs on Wednesday after data showed China industrial output surged and Federal Reserve officials hinted money would remain cheap we... |
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EU objects to Oracles Sun takeover (11 November 01:01) |
| European antitrust regulators have formally objected to Sun Microsystems' planned $7.4 billion sale to Oracle. |
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World stocks pause after Dow hits 2009 high (10 November 11:31) |
| European and US stock markets took a breather on Tuesday after a big rally in the previous session had pushed the Dow Jones industrial average to its highest level this year. |
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Kraft makes hostile bid for Cadbury (10 November 01:10) |
| Kraft took its $16.3 billion bid for Cadbury, the British chocolate and chewing gum maker, directly to shareholders on Monday after the Cadbury board rejected the offer as too low. |
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Gold hits record high as dollar weakens (09 November 07:28) |
| The price of gold hit a record of $1,111.20 an ounce in trading in London, as the dollar weakened. |
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Murdoch wants family to succeed him at News Corp (09 November 12:34) |
| News Corp chairman Rupert Murdoch, who began building his media group with the Adelaide News in 1953, said he'd like one of his children to succeed him, amid regular discussions about who wi... |
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