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US budget deficit hits record $221bn

The US government records a budget deficit of $221bn in February the largest monthly deficit in its history. more...

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FTSE seen opening lower

The FTSE 100 .FTSE index is seen opening down 16 to 19 points, or as much as 0.4 percent on Thursday, according to financial bookmakers, falling back after solid gains in the previous session in tandem with mixed showings overnight on Wall Street and in Asia. more...

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Mexico s Carlos Slim overtakes Gates in world rich list

Mexican telecom giant Carlos Slim has topped Forbes magazine s billionaire s list the first time since 1994 that an American has not led the rankings. more...

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BP bidding on a package of Devon s assets sources

BP Plc is bidding on a package of Devon Energy Inc assets that the U.S. energy company put up for sale late last year, according to sources familiar with the matter. more...

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FTSE seen opening lower

The FTSE 100 .FTSE index is seen edging lower on Wednesday, extending the previous session s slight losses after lacklustre trading overnight on Wall Street and in Asia, and as investors await UK industrial production numbers. more...

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Our Indian operations are a great success story

Andrew Witty, chief executive of GlaxoSmithKline Get Quote , the world s second largest drug company, was in India this week as part of the dedication of an albandazole manufacturing facility at Nashik to the World Health Organization s global programme to eliminate Lymphatic Filariasis. more...

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EU monetary fund idea played down

European policy makers played down on Tuesday the idea of creating a European Monetary Fund, saying it was at most a long term project that did not offer a solution to Greece's immediate debt problems. more...

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Greece welcomes Obama support on speculators

President Barack Obama has responded positively to calls to clamp down on market speculators, says the Greek PM after talks. more...

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UK urged to balance budget, avoid cuts

Chancellor Alistair Darling should balance the public finances sooner than planned but is right to avoid big cuts this year to protect the fragile recovery, the Confederation of British Industry said. more...

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Mubadala and Aldar announce main contractor for Cleveland Clinic Abu Dhabi

Mubadala Healthcare, a business unit of Mubadala Development Company PJSC Mubadala, and Aldar Properties PJSC Aldar have today announced the appointment of Sixco Samsung Joint Venture SSJV as the main contractor for the main construction package of Cleveland Clinic Abu Dhabi CCAD, following a recent competitive tender process. more...

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Kraft probed over Cadbury deal

Kraft Foods is being investigated by British regulators on whether the company misled employees and investors in its battle to take over Cadbury, the Wall Street Journal said, citing people familiar with the matter. more...

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Firms missing out on female talent, WEF report says

The world s leading companies are failing to make the most of the talents of their female workforce, the World Economic Forum WEF has said. more...

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Retailers to shine light on spending

Updates from three of Britain s biggest retailers next week will shed more light on the strength of consumer spending after a weather impacted start to 2010 and their fears that the upcoming election could hit confidence. more...

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Greece does not need financial aid, says Angela Merkel

German Chancellor Angela Merkel has said Greece does not need financial aid, after talks with Prime Minister George Papandreou in Berlin. more...

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World stocks, oil rally on U.S. jobs data

World equities and oil jumped on Friday on signs of revived consumer spending and after fears a stormy February would worsen the U.S. jobs picture proved false, boosting sentiment about the pivotal labour market. more...

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Limerick may have world class zinc mine

Business World reported that the latest positive results from Connemara Mining s Stonepark discovery have added further weight to the AIM listed company s belief that the next world class zinc mine could be located in Limerick more...

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GIC, Qatar to underwrite Pru PLC issue

Singapore s biggest sovereign wealth fund GIC GIC.UL and Qatar Holding LLC have committed to underwrite a significant portion of UK Prudential s $20 billion 13.2 billion pound rights issue. more...

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Iceland referendum to go ahead as talks fail

Iceland all but gives up on a deal with the UK and the Netherlands to repay 3.8bn euros of debts, forcing a referendum. more...

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FTSE seen opening higher

The FTSE 100 .FTSE index is seen rising on Friday, tracking overnight gains on Wall Street and in Asia, with miners and energy stocks likely to be boosted by firmer commodity prices, ahead of a key U.S. jobs data. more...

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Greece bond issue oversubscribed

Greece sees strong demand for government bonds in a vote of confidence for the country s debt ridden economy. more...

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