
Global Markets News Roundup
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INTERVIEW - Medical device group seeks cap on reform tax
9 Mar 2010 | 6:46 pm
CHICAGO (Reuters) - Medical device makers will pay their fair share to help fund health reform but seek a tax structure that ensures the industry's total contribution does not exceed $20 billion, the new chairman of the industry's largest trade group said.
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U.S. 'cap and trade' rebranded 'pollution reduction'
9 Mar 2010 | 6:18 pm
WASHINGTON (Reuters) - Like a savvy Madison Avenue advertising team, U.S. senators pushing climate-control legislation have decided to scrap the name "cap and trade" and rebrand their product as "pollution reduction targets."
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ExlService's Q4 profit soars, sees strong 2010 revenue
9 Mar 2010 | 6:18 pm
REUTERS - ExlService Holdings Inc's fourth-quarter profit soared as losses from foreign currency translations fell, and the outsourcing firm forecast 2010 revenue above Wall Street expectations.
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EU executive mulls ban on naked CDS selling
9 Mar 2010 | 6:13 pm
STRASBOURG, France/WASHINGTON (Reuters) - The European Commission said on Tuesday it will consider banning the naked selling of derivatives contracts and Greece said curbs on speculators would be examined by the G20 powers.
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INTERVIEW - Tata Steel sees iron ore prices rising
9 Mar 2010 | 5:38 pm
SAN FRANCISCO (Reuters) - Iron ore prices are headed as much as 35 percent higher this year and will likely pressure the profit margins of steel companies, Tata Steel Ltd Vice Chairman B. Muthuraman said on Tuesday.
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Toyota, U.S. officials investigate runaway Prius
9 Mar 2010 | 5:25 pm
LOS ANGELES/DETROIT (Reuters) - U.S. safety regulators and Toyota dispatched teams on Tuesday to inspect a Prius that sped out of control on a California freeway a day earlier, as the automaker struggled to reassure consumers shaken by its recall crisis.
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Greece says G20 to review financial speculation
9 Mar 2010 | 5:23 pm
WASHINGTON (Reuters) - Greece, pressing for curbs on financial speculation it blames for worsening the country's debt crisis, said on Tuesday the idea would be examined by the Group of 20 leading powers at their next summit.
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Chevron seeks UK refinery sale, to cut 2,000 jobs
9 Mar 2010 | 4:43 pm
NEW YORK (Reuters) - Chevron Corp, the second-largest U.S. oil company, put some of its downstream operations up for sale, including its Pembroke refinery in the UK, and said it would eliminate 2,000 jobs this year.
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Dubai Mall attracts record visitors in shopping festival
9 Mar 2010 | 4:25 pm
Dubai, March 10 (IANS) The Dubai Mall, world's largest shopping and entertainment destination, hosted a record five million visitors in the 15th edition of Dubai Shopping Festival Jan 28 to Feb 28, WAM news agency reported.
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South Korean business delegation visits Abu Dhabi
9 Mar 2010 | 3:17 pm
Abu Dhabi, March 10 (IANS) Representatives of over 60 top South Korean companies have arrived here in the United Arab Emirates (UAE) to explore business opportunities, WAM news agency reported.
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Lindsay Lohan demands $100 mn over 'milkaholic' ad
9 Mar 2010 | 2:16 pm
Los Angeles, March 10 (DPA) Troubled actress Lindsay Lohan may not be getting the plum film roles anymore, but she might bring in millions in a lawsuit over a widely viewed television ad.
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Founders, Citi buy Tata Motors shares from Daimler - BSE
9 Mar 2010 | 7:53 am
MUMBAI (Reuters) - Tata Sons, the holding entity for Tata Group firms, and Citigroup have acquired 8.65 million shares in Tata Motors from Germany's Daimler AG according to data on the Bombay Stock Exchange website.
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Govt to borrow more from mkt in H1 of 2010/11
9 Mar 2010 | 7:22 am
NEW DELHI (Reuters) - The government will raise by September more than half of its record $100 billion planned borrowing for the financial year that begins on April 1, a top adviser said on Tuesday, allowing more space for private borrowing as the economic growth picks up steam.
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Toyota gets aggressive on 'faults'
9 Mar 2010 | 3:57 am
Toyota Motor Corp said it had found no flaw with its throttle controls as it seeks to dismiss an external study critical of its electronic safety systems.
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Europe's IMF?
9 Mar 2010 | 3:57 am
As Europe struggles with a debt crisis, the idea of a European Monetary Fund is quickly taking hold.
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Sony to start selling 3D TVs
9 Mar 2010 | 3:57 am
Sony Corp said it will launch 3D televisions in Japan in June, entering an increasingly crowded field of competition for what many see as the next hot product in the electronics industry.
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Vodafone to axe 500 jobs: Report
9 Mar 2010 | 3:57 am
Vodafone Group, the world's largest mobile operator by sales, is set to slash up to 500 jobs in the UK, says a media report.
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Bangladesh to get three new luxury hotels
9 Mar 2010 | 12:34 am
Dhaka, March 9 (IANS) Bangladesh's Unique Group, which owns Westin Dhaka, has signed a deal with Starwood Hotels and Resorts to set up two more five-star hotels in Dhaka and a third in Chittagong.
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China enters Latin American mineral market with Canada deal
8 Mar 2010 | 10:32 pm
Toronto, March 9 (IANS) After storming Africa, resource-hungry China Monday made a big opening into the Latin American mineral market by inking a $1-billion deal with Canadian copper major Quadra Mining Ltd for a stake in its copper operations in Chile.
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Indian firms may bid for world's finest ever bale of wool
8 Mar 2010 | 10:24 pm
Melbourne, March 9 (IANS) Indian companies are expected to bid for an ultra fine bale of wool when it goes under the hammer in this Australian city next week, a media report said Tuesday.
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