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India set to ride the KPO wave: Report

The market for KPO or Knowledge Process Outsourcing, which follows the success waves created by ITO (Information and Technology Outsourcing) in the 1980s and the BPO (Business Process Outsourcing) in the 1990s, is expected to touch $10-17 billion by 2010 and India is well poised to grab a major share of the market, a research paper released by the global audit, tax and advisory services group KPMG has revealed.

Asian shares may shudder at consumer chill

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Asian stocks, which have been jittery this year at any ill omen from the U.S. market, are likely to take note on Monday of Wall Street's latest fall, while investors continue to keep an eye out for bargains.
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Michelle Willliams Speaks Out Over Ledger's Death

Actor Heath Ledger's former partner Michelle Williams spoke publicly on Friday for the first time since the star's death saying: My heart is broken and asked for privacy for her and daughter Matilda.
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Ledger Drug Video Pulled Off Air

Entertainment Tonight ditched plans to air a video that showed the late Heath Ledger partying at an alleged Hollywood drug party, after a lobby from fellow actors.
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U.S. tops new tech usage ranking

The United States, Sweden and Japan topped a new ranking that measures how well countries use telecommunications technologies - networks, cell phones and computers - to boost their social and economic prosperity.
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Heath Ledger: Funeral Planned for the Old Soul

Heath Ledgers relatives are expected to arrive from Australia on Friday as they prepare for the funeral of the son they refer to as the most amazing 'old soul' in a young man's body.
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Murdoch, Packer offer $2.9 bln for Consolidated Media

Lachlan Murdoch, son of media tycoon Rupert Murdoch, and Australian gaming magnate James Packer launched a joint A$3.3 billion ($2.9 billion) offer on Monday to buy out the Packer-backed publishing company Consolidated Media Holdings CMJ.AX.
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Asia private equity funds jumped in '07 -journal

Asia's private equity industry largely shrugged off last year's global credit crunch, with assets under management, fundraising and investment rising at double-digit levels, an industry publication said on Friday.
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Lenovo unveils consumer PCs

China's Lenovo Group Ltd introduced its first consumer computers in the United States on Wednesday, expanding in a region it entered in 2005 with the purchase of IBM's PC business. The unveiling of three new notebook computers with advanced features is part of a broader expansion by Lenovo into the global consumer PC market. The company also plans to sell the new consumer computers in ...
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U.S. inflation fears startle tense share markets

Asian share markets, already ragged after five months of turmoil, fell deeper on Monday as rising U.S. inflation and high oil prices fanned concerns the Federal Reserve may be unable to make deeper rate cuts to prevent a possible recession.
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EU and U.S. trade charges of blocking Bali talks

The European Union threatened on Thursday to boycott U.S. talks among top greenhouse gas emitting nations, accusing Washington of blocking goals for fighting climate change at U.N. talks in Bali.
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U.N.'s Ban urges 2009 deadline for climate deal

U.N. Secretary-General Ban Ki-moon urged the world on Wednesday to agree to work out a new climate treaty by 2009 but said it might be too ambitious to set goals for greenhouse gas cuts in Bali.
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Blackstone plans bid for Rio with Chinese: report

Investment group Blackstone is planning a counterbid for Rio Tinto Ltd/Plc with a consortium believed to include China's sovereign wealth fund, Britain's Daily Telegraph newspaper said on Monday.
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Coca-Cola says COO Kent to become CEO

Coca-Cola Co said on Thursday Chief Operating Officer Muhtar Kent will succeed Neville Isdell as chief executive of the world's largest soft drink company on July 1, 2008.
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Holy Smokes! World's worst polluters list is out!

World's two fastest growing economies, China and India, have earned the dubious distinction of being home to some of the biggest polluting firms across the globe, according to a list published by Carbon Monitoring for Action (CARMA), a product of the Confronting Climate Change Initiative at the Center for Global Development, an independent think-tank located in Washington, DC.
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Asian markets mostly higher as banks rise

Asian stock markets mostly rose on Monday as financial shares extended gains on hopes of further U.S. interest rate cuts, but some technology stocks eased after Dell Inc's disappointing outlook.

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