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World Market Overview 04/06/2011

The Australian share market closed higher for a sixth consecutive trading day with activity subdued after the Reserve Bank (RBA) left interest rates unchanged.
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EU files tactical appeal in Boeing trade spat

The European Union filed an appeal against an aircraft subsidies ruling on Friday just hours after calling it a victory, a tactical move in a transatlantic game of global trade chess.

Tech Companies Unleash April Fool Gags

Witticisms, super pranks, ultimate gags, hoaxes and plain lies are searching for fools this day. People turn the most cynical this day so that they don’t look naive, and turn on their gullibility meter at the highest level of alert. But a lot of us are caught off guard by some comic concoctions that mix contemporary humor with ingenious lies which are sometimes delectable.
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April Fool's Day frenzy grips Twitter

April Fool's Day frenzy grips Twitter, with tweeps playing pranks, and a flood of jokes on celebrities like Rebecca Black, Justin Bieber, and Lady Gaga.

China releases rare earth quota for 2011

China has set its total output of rare earth at 93,800 tonnes this year, 4,600 tonnes more or 5.16 percent higher compared to last year's, the Ministry of Land and Resources said on Thursday.
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Valeant seeks to buy Cephalon for $5.7 billion

Canadian drugmaker Valeant Pharmaceuticals International said it made an unsolicited $5.7 billion bid to buy Cephalon Inc and plans to make its case directly to Cephalon shareholders.
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Qantas to curb flights, cut jobs to offset fuel

Australia's Qantas Airways plans to scale back some flights and cut management jobs to help offset soaring fuel prices and an estimated A$140 million ($144 million) hit to its earnings from a string of natural disasters in key markets.
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Qantas to cut capacity, reduce management to offset fuel

Australia's Qantas Airways plans to axe capacity and management jobs and retire some aircraft early under cost-cutting measures aimed at offsetting soaring fuel prices and the impact of natural disasters in Japan, New Zealand and Australia.

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