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Vietnam inflation slows in December

Vietnam's inflation eased slightly for the fourth straight month in December, according to official estimates, but leaders vowed continue to tackle some of the world's fasting-rising prices. Read more...

 
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India's Kingfisher Airlines loses market share

India's Kingfisher Airlines has slumped two places to fifth in terms of market share, according to government data, as the cash-strapped carrier cuts routes and grounds planes. Read more...

 
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Exclusive: China CIC sovereign fund to get $50 billion boost

BEIJING (Reuters) - China's $410 billion sovereign wealth fund China Investment Corp. is set to receive additional funding of up to $50 billion, two sources with knowledge of the matter told Reuters on Friday. Read more...

   
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Deutsche Boerse, NYSE deal wins U.S. approval

WASHINGTON (Reuters) - Deutsche Boerse won U.S. antitrust approval to buy NYSE Euronext in a $9 billion deal to create the world's No. 1 exchange operator, but the transaction still faces serious regulatory headwinds in Europe. Read more...

 
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Exclusive: Petronas talks to Shell, Exxon for petchem tie-up

KUALA LUMPUR (Reuters) - Petronas is in talks with several oil majors including Shell and Exxon Mobil to develop petrochemical plants within its $20 billion refinery complex in southern Malaysia, two sources with direct knowledge of the matter told Reuters. Read more...

 
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Claims lowest since '08 as job market improves

WASHINGTON (AP) — In in the latest sign that the economy is surging at year's end, unemployment claims have dropped to the lowest level since April 2008, long before anyone realized that the nation was in a recession. Read more...

   
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S.Africa's rand slightly firmer against dollar

JOHANNESBURG (Reuters) - The rand was firm against the dollar in early trade on Friday but looked to close within last week's range as thin trade and lack of market-moving data see the local currency follow the euro's moves. Read more...

 
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Asian shares up as U.S. data spurs year-end bounce

SINGAPORE (Reuters) - Asian stocks rose more than 1 percent and U.S. index futures also gained on Friday, as signs of a strengthening economy in the United States encouraged a year-end bounce for riskier assets. Read more...

 
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Philippine spirit tax does break rules: WTO appeal body

An appeal panel on Wednesday upheld a World Trade Organization ruling that the Philippines broke trade rules by imposing high excise taxes on imported liquor. Read more...

   
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Walgreen 1Q profit drops on Express Scripts fight

NEW YORK (AP) — Walgreen's first-quarter earnings fell more than 4 percent due in part to a slow flu season and its impending split from the Express Scripts pharmacy network, a multibillion-dollar dispute that looks no closer to resolution in the final days of the year. Read more...

 
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BofA's Countrywide to pay $335 million over bias case

WASHINGTON (Reuters) - Bank of America Corp's Countrywide Financial unit agreed on Wednesday to pay a record $335 million to settle civil charges that it discriminated against minority homebuyers, an historic settlement for the Obama administration in the wake of the subprime mortgage morass. Read more...

 
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Investment group to acquire Chicago Sun-Times

CHICAGO (AP) — A new investment group led by a Chicago entrepreneur and a former Newsday media executive has agreed to buy Sun-Times Media Holdings, the company that owns the Chicago Sun-Times newspaper, group officials said late Wednesday. Read more...

   

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Latest News



Vietnam inflation slows in December
Vietnam's inflation eased slightly for the fourth straight month in December, according ...

India's Kingfisher Airlines loses market share
India's Kingfisher Airlines has slumped two places to fifth in terms of market share, ...

Exclusive: China CIC sovereign fund to get $50 billion boost
BEIJING (Reuters) - China's $410 billion sovereign wealth fund China Investment Corp. is ...

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