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Nike quarterly profit misses view as margins fall

Nike Inc posted a lower-than-expected quarterly profit on Thursday as the world's largest athletic shoe and clothing maker was hit by the rising costs of oil, cotton and other commodities, and its shares fell more than 5 percent.
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Global Markets Overview 18/03/2011

U.S. stocks rallied on Thursday, bouncing back from three straight days of losses as better-than-expected reports on jobless claims and Consumer Price Index (CPI) buoyed sentiment, and FedEx Corp. boosted its profit forecast.
A man who just returned from Sendai gets checked for radiation levels at a research laboratory of Fudan University in Shanghai

China suspends nuclear program in wake of Japan crisis

In response to the deepening crisis at Japan’s troubled Fukushima Daiichi nuclear power plant, China has decided to suspend its atomic energy program for the time being by postponing approvals for new power stations.
Traders work on the floor of the New York Stock Exchange

World Market Update 17/03/2011

U.S. stocks declined to 2011 lows on Wednesday as worsening crisis at Japan nuclear reactor and weaker-than-expected housing data weighed on the sentiment.
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Yen surges to record high; intervention risk looms

The yen soared to a record high against the dollar on Wednesday as concerns escalated over a nuclear crisis in Japan, and investors nervously watched to see if Japanese authorities will step in to stem the currency's rise.
 Saif al-Islam, son of Libyan leader Muammar Gaddafi

Gaddafi’s son says uprising in Libya will be over in two days

The uprising against Libyan leader Moammar Gaddafi will be crushed within the next forty-eight hours as forces loyal to the government close in on the rebel stronghold of Benghazi in the eastern part of the embattled country, according to Gaddafi’s son.
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Global Markets Overview 16/03/2011

U.S. stocks ended lower on Tuesday as mounting fears about Japan's escalating nuclear crisis sparked sell-offs in financial markets around the world, but positive remarks from the Federal Reserve helped the indexes rebound from the day’s lows.
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World Market Overview 16/03/2011

U.S. stocks ended lower on Tuesday as mounting fears about Japan's escalating nuclear crisis sparked sell-offs in financial markets around the world, but positive remarks from the Federal Reserve helped the indexes rebound from the day’s lows.
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Senators urge pressure on China over rare earths

Four senators on Tuesday urged President Barack Obama's administration to step up its fight against China's hoarding of critical rare earth elements by blocking funding for Chinese mining projects.
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Rare earth price could fall after Japan quake: exec

The aftermath of Japan's disastrous earthquake and tsunami could temporarily ease the rise in rare earth prices, but overall demand is likely to continue to outstrip supply for the next few years, an industry executive said.
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New York manufacturing and employment rise

Manufacturing in New York state rose to a nine-month high in March, but a sharp slowing in new orders suggested that economic growth could be less robust in future months.

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