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Global stocks, oil drop after U.S. data
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Reuters - Fri 03 Jul, 12:26 AM
NEW YORK (Reuters) - U.S. and European stocks fell more than 2 percent on Thursday after U.S. government data showed the U.S. economy shed more jobs than expected in June, dampening the outlook for an economic turnaround.
BHP to take £413 million writedowns
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Reuters - Thu 02 Jul, 11:28 PM
SYDNEY (Reuters) - BHP Billiton Ltd , the world's biggest miner, has agreed to sell its Yabulu nickel refinery to Australian mining magnate Clive Palmer for an undisclosed amount, BHP said in a statement on Friday.
Rio Tinto placed on trading halt
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Reuters - Thu 02 Jul, 11:25 PM
WELLINGTON (Reuters) - Australian based mining giant Rio Tinto was placed on trading halt on Friday pending a material announcement, the New Zealand stock exchange said.
Darling warns against complacency
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Reuters - Thu 02 Jul, 10:29 PM
LONDON (Reuters) - Chancellor Alistair Darling warned bankers against complacency and returning to excessive risk-taking in an interview with the Independent, adding some needed to be "brought back to earth."
Rio Tinto wraps up rights issue
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Reuters - Thu 02 Jul, 10:26 PM
SYDNEY (Reuters) - Global miner Rio Tinto wrapped up one of the world's biggest rights issues on Friday, saying its Australian shareholders had taken up 94.76 percent of their entitlements to the new shares.
Darling says FSA powers to be extended
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Reuters - Thu 02 Jul, 09:43 PM
LONDON (Reuters) - Chancellor Alistair Darling said the Financial Services Authority would be allowed to extend its regulatory remit under new proposals to be published next week, according to the Independent newspaper.
J&J buys $1 billion Elan stake
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Reuters - Thu 02 Jul, 09:03 PM
BOSTON (Reuters) - Johnson & Johnson has agreed to pay $1 billion (609 million pounds) for an 18.4 percent stake in Irish drugmaker Elan Corp , and will acquire a major stake in Elan's portfolio of experimental drugs to treat Alzheimer's disease.
Oil falls nearly 4 percent on U.S. data
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Reuters - Thu 02 Jul, 08:35 PM
NEW YORK (Reuters) - Swelling motor fuel stocks and a far-bigger-than-expected rise in U.S. unemployment drove oil down nearly four percent on Thursday to below $67 a barrel.
Royal Mail workers to strike in London next week
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Reuters - Thu 02 Jul, 06:36 PM
LONDON (Reuters) - Royal Mail workers pledged on Thursday to go ahead with three days of strikes in London next week despite condemnation from a minister who accused them of sticking their head in the sand.
White House expects jobless rate to climb
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Reuters - Thu 02 Jul, 06:09 PM
WASHINGTON (Reuters) - The U.S. economy will continue to shed jobs for months to come but there are signs the economic stimulus plan is working, the White House said on Thursday.
FACTBOX-Themes and scenarios for G8 summit in Italy
06:07 PM
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Reuters]
Italian quake town dramatises G8 summit challenges
06:07 PM
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Reuters]
FACTBOX-Earthquake-stricken L'Aquila, site of G8 summit
06:07 PM
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Reuters]
U.S. job losses spike in June
05:34 PM
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Reuters]
Rising U.S., euro zone joblessness hits recovery hope
05:17 PM
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Reuters]
Rogue PVM broker costs firm $10 million
05:06 PM
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Reuters]
ECB holds rates at record low
05:03 PM
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Reuters]
Peace named StanChart chairman
04:56 PM
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Reuters]
CORRECTED - Peace named StanChart chairman
04:47 PM
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Reuters]
ECB keeps rates at record low
04:35 PM
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Reuters]
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