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SABMiller beer volumes dip as slowdown bites

Brewing giant SABMiller sold less beer than expected in the first three months of 2009 as economic conditions worsened and demand fell in most of its markets, sending its shares lower in early trade.

IMF boost to widen split in emerging economies

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Stronger emerging economies are likely to pull further ahead from weaker peers following the moves by global leaders to augment the lending capacity of the International Monetary Fund.
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TIMELINE: NATO at 60

NATO marks its 60th anniversary with a summit late on Friday at which U.S. President Barack Obama hopes to secure NATO backing for a new strategy in Afghanistan.
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Polish banking to record loss in 09-PKO BP bank

Poland's banking sector faces an overall net loss of about 2-3 billion zlotys ($582-873 million) due to higher financing costs and credit risk, the head of Poland's leading bank PKO BP PKOB.
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Governments keep hunting for cheap CO2 credits

The market for government-level emissions rights under the Kyoto Protocol is alive and well, mostly unfazed by the global economic downturn. Through the most opaque of the emissions trading schemes under the Kyoto climate change pact, nations comfortably below greenhouse gas targets can sell excess emissions rights to other countries in the form of credits called Assigned Amount Units (AAUs).
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U.S. may take big stake in Citi as crisis rages

something that is anathema to many U.S. politicians, executives and voters. This gives you the sense that authorities' worries have intensified that problems relating to the U.S. economy may potentially spill over to the rest of the world, said Sailesh Jha, senior regional economist at Barclays Capital, in Singapore. At a summit in Berlin on Sunday, European Union leaders backed a doubling...
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Afghans turn new page as U.S. sends more troops

Afghanistan is turning a new page in relations with the United States, an Afghan presidential spokesman said on Wednesday, as U.S. President Barack Obama ordered 17,000 more troops deployed to battle Taliban insurgents.
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Russian gas returns to Europe

On Tuesday Russian gas supply pumped to Europe through Ukraine resumed following a two week long price battle with Ukraine.
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Gas supplies drop, EU plays down dispute

European Union officials on Monday played down the impact of the gas dispute between Ukraine and Russia despite supply disruptions that are making some countries in Europe dip into gas reserves.
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Faulty ETS may help polluting generators: WWF

Commodity Online Warning that if the EU s Emissions Trading System (ETS) is not implemented properly it will spell negative impact, the WWF said that polluting electricity generators in Eur...
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NATO Sanctions Bush's Missile Shield, Russia Resists

NATO allies agreed Thursday to give President Bush strong support for a missile-defense system to be installed in Europe in spite of strong Russian resistance, and conceded to provide more troops in Afghanistan.
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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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Growing pains dim India's outsourcing edge

Indian outsourcing companies are shifting some of their operations to China, the Philippines, Vietnam and Kenya in a bid to stay competitive as higher wages, expensive property prices and a rising rupee eat into profits.
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NewsCorp won't pull videos from iTunes

News Corp. will not pull its television shows from Apple's iTunes as rival media group NBC Universal has done over a pricing dispute, President Peter Chernin said in an interview on Tuesday. He said News Corp was not in a dispute with Apple, though it would like a bigger voice in pricing its shows.
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Smithfield Foods turning from growth to paring debt

U.S. meat company Smithfield Foods Inc.'s once ravenous appetite for growth may be abating as the company may now focus on paying down debt, according to comments made on Wednesday by its chief executive.
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Nestle sees growth, innovation: U.S. water exec

Nestle SA, the world's largest food company, expects U.S. volume growth of its bottled water brands to improve in the next few months as comparisons with last year become easier, an executive said on Tuesday.
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Murdoch: No plans to raise Dow Jones bid

Rupert Murdoch said he had no plans to raise his $5 billion bid for media group Dow Jones & Co. Inc. and expected final approval from the controlling Bancroft family within two to three weeks, 'if at all.'
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EU relieved over treaty deal, critics seek new vote

The European Union breathed a sigh of relief over the weekend after the bloc's leaders agreed on a way to reform its institutions, but critics from Britain to the Netherlands called for referendums that could derail a deal.

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