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Gold Prices Rise to Three-Month High

Gold rose to a three-month high on Thursday and headed for its biggest one-week rally in a month, spurred on by the strength in the euro following Europe's bailout deal with Greece, ahead of an options expiry later in the day.

Buffett's Berkshire muscles into Thai reinsurance

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Warren Buffett's Berkshire Hathaway is pushing into the Thai reinsurance market and selling cover for higher rates, taking advantage of the retreat of competitors such as France's CCR after they suffered losses from last year's floods.
HP logo is seen outside Hewlett-Packard Belgian headquarters in Diegem

HP Profit Plummets, CEO Urges Patience

Hewlett-Packard Co's earnings fell nearly 44 percent and the world's No. 1 computer maker forecast a second-quarter profit below Wall Street estimates as it struggles with weak sales of PCs and printers.
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Aakash Tablet

Aakash, World's Least Expensive Tablet Gets Update: UbiSlate 7+ Debuts

Aakash, the $35 tablet computer released in October for Indian schoolchildren has a successor, dubbed the UbiSlate 7+, a slightly more expensive tablet for impoverished students in Latin America, Egypt, Thailand and Brazil. Due to huge demand for inexpensive Internet access in third world countries, DataWind, the company that made the Aakash, has been overwhelmed with interest in the device.
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Ciena lowers 1st-quarter sales outlook

Ciena Corp slashed its first-quarter sales expectations, hurt by delays in recognizing revenue as its customers take time to close deals, sending the network gear maker's shares down as much as 7 percent.
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Ciena lowers first-quarter sales outlook

Ciena Corp slashed its first-quarter sales expectations, hurt by delays in recognizing revenue as its customers take time to close deals, sending the network gear maker's shares down as much as 7 percent.
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Mazda to raise $2 bln in share issue, loans: sources

Japan's Mazda Motor Corp plans to raise $2.1 billion to shore up its finances and invest in a new plant in Mexico, financial sources said on Tuesday -- a bigger-than-expected dilutive fundraising that sent its shares tumbling 10 percent.
Japan's first trade deficit since 1980 raises debt doubts

Japan Trade Deficit Up on Aftershocks from Earthquake

Japan reported a record-high balance of trade deficit in January as last year's tsunami combined with floods in Thailand, the Eurozone's sovereign debt crisis, a slowing Chinese market and a soaring yen to leave the world's third-largest economy with its first trade deficit since the last century.
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Japan logs record trade deficit, recovery seen

Japan logged a record trade deficit in January, government data showed on Monday, the clearest evidence to date of pain from a firm yen, a global slowdown and rising fuel imports needed to offset declining use of nuclear power.
Police and forensic officials examine damaged car at Israeli Embassy after explosion in New Delhi

Is Oil Gagging India When it Comes to Blaming Iran?

While Indian authorities have launched an investigation into Monday's New Delhi car bombing, and its suspected masterminds, Prime Minister Manmohan Singh's government has continued to embrace trading with the country that is widely suspected of the attacks -- Iran.
Air Australia

Air Australia Collapse: How It Happened

The convoluted path of Air Australia, which is less than four months old and operated on a leased fleet of five aircraft, is being framed as a case study in which corporate hubris and a hands-off approach from corporate regulators combined to deliver a spectacular demise.
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Nvidia falls on chip shortage, lowered Tegra outlook

Shares of Nvidia Corp slipped 6 percent before the bell on Thursday, after it scaled back sales expectations for its Tegra 3 processors used in mobile devices and warned that delays at its contract manufacturer were hurting sales of its PC graphics chips.
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Japan economy picking up, consumer spending firm

The government stuck to its assessment that Japan's economy is slowly picking up on Thursday and raised its view on consumer spending for the first time in six months, after a resumption of subsidies for fuel-efficient cars boosted sales.

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