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16 May 2005 01:32 PM
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New WTO chief determined to reach global trade agreement:
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Pascal Lamy, a former EU’s trade commissioner, on Friday won a fight for the WTO’s director-general post. His four-year term is to begin Sept. 1.
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16 May 2005 01:24 PM
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MARKET SNAPSHOT: EUROPEAN EQUITIES:
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The Dax Index fell 13.52. points, or 0.32% to 4262.18, the FTSE 100 Index was down 2.30 points, or 0.05% to 4884.20, the CAC 40 Index declined 6.91 points, or 0.17% to 4010.98.
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16 May 2005 12:41 PM
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US Airways and America West need funding from investors to get merged:
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America West Airlines and US Airways Group Inc. started the talks with Airbus SAS, hedge fund Par Capital Management Inc. and Air Canada’s parent Ace Aviation Holdings Inc. on providing a loan for a merger of the two
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16 May 2005 12:10 PM
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SEC’s probes into retirement-fund consulting failed to reach their goals:
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A government examination of retirement-fund consulting is said to have failed to clear out illegal actions between consulting firms and the money managers they recommend to clients.
Today
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16 May 2005 12:03 PM
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Russia received oil from Iraq for UN help:
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Russia’s advisers received about 90 million barrels of Iraqi oil allocations for the help in the United Nations within the UN’s oil-for-food program, according to a U.S. Senate investigative panel.
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16 May 2005 11:27 AM
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Israeli soldiers killed Palestinian at a checkpoint:
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Israeli soldiers killed a Palestinian at a military checkpoint on Monday. The Palestinian was shot dead near the West Bank town of Tulkarm.
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16 May 2005 10:59 AM
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MCI CEO Capellas tries to win support for Verizon’s takeover bid:
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MCI Inc. CEO Michael Capellas is determined to get up defensive weapons against some shareholders that planned to vote against him in today’s annual meeting.
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16 May 2005 10:44 AM
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North and South resume contacts again:
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The contacts between North Korea and South Korea were resumed again over the weekend within the talks over fertilizer supplies from the South.
The two Koreas plan to improve relations after a halt of almost a year, the officials from the two sides said. South
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16 May 2005 10:01 AM
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William Hill buys Stanley Leisure shops for $930 million:
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The UK’s second-biggest bookmaker William Hill Plc agreed to buy about 624 betting offices of its rival Stanley Leisure Plc in a race to overtake Ladbrokes, the nation’s industry leader.
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16 May 2005 09:46 AM
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Khodorkovsky’s verdict in hearings starts Monday:
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Moscow’s Meshchansky District court Judge will start delivering the verdict in hearings over the case of Mikhail Khodorkovsky on Monday, raising fears of his defense team that Russia’s once richest man will be convicted and jailed for as much as 20 years.
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16 May 2005 09:40 AM
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Russia will not merge Rosneft, Gazprom so far:
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The world’s second-largest oil producer Russia said it postponed its plans to merge its two biggest oil and gas companies creating the biggest state-backed oil firm. Rosneft that acquired YUKOS’s main oil subsidiary Yuganskneftegaz will remain independent.
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16 May 2005 09:33 AM
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Foreign investment banks earn more in Japan:
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Top overseas banks, such as Goldman Sachs and Lehman Brothers, are more profitable in Japan than those of Japanese origin, making money on trading bonds and advising on mergers.
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16 May 2005 08:01 AM
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AIG executive agrees to help Spitzer in return for immunity:
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Joseph H. Umansky, AIG’s senior vice president and president of A.I.G. Reinsurance Advisers, has agreed to cooperate with New York State Attorney General Eliot Spitzer in the investigation concerning AIG’ questionable accounting practices and the role played in objectionable deals by the insurer’ former chief executive and chairman
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16 May 2005 06:55 AM
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Freddie Mac to issue $1 billion in reference notes:
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Freddie Mac to issue $1 billion in reference notes
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16 May 2005 06:40 AM
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P-cards number grows:
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The number of purchasing cards continues to grow and is forecast to comprise 10% of B2B payments volume by 2010, Celent data shows. P-cards are also widely expected to play an important role in automating purchase
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