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World shares hit 1-month high; dollar, yen firm

World stocks hit a one-month high on Friday on growing optimism that the earnings season may turn out to be better than expected, while investors set their eyes on giants such as Citigroup for clearer market trend.

Congress gets pay bill as bank bonuses swell

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With the smell of fat bonus checks again wafting down Wall Street, the Obama administration and Democrats in Congress on Thursday moved closer to a clampdown on U.S. corporate executive pay.

Hong Kong's May goods exports down 13% despite price rise

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Hong Kong saw the volume of total goods exports fall 12.6% and that of imports drop 16.2% year on year in May, the Census & Statistics Department said on Thursday, adding that the volume of goods re-exports fell 11.8% while that of domestic exports dived 35.5%.
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Ahmadinejad: Iran will bring down Western foes

Newly re-elected President Mahmoud Ahmadinejad said on Thursday his next government would bring down the global arrogance, signaling a tougher approach by Tehran toward the West after last month's disputed election.
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Doubt stayed Fed hand on more asset buying

The Federal Reserve held fire on additional asset purchases at its meeting last month because of doubts about how financial markets would react to more buying, documents on Wednesday showed.
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Fugitive ex-CS trader arrested, faces new charges

A former Credit Suisse trader facing trial on charges of fraudulently selling $1 billion worth of mortgage-backed auction-rate securities, has been arrested after two months on the run, according to a court document made public on Wednesday.
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Expedition to Kilimanjaro

Last summer Charity Challenge was approached by Gary Barlow about staging a Kilimanjaro climb for Comic Relief. By December we were working almost seven days a week on planning the event.
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Burberry says taking share in a tough market

British luxury goods group Burberry met forecasts with a 4 percent fall in first-quarter underlying revenues and said on Wednesday it was taking market share in a tough trading environment.
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Roche drug blocks common cancer pathway in mice

A experimental drug being developed by Roche blocks a common biological pathway linked to the spread of many cancers and has proved highly effective in mice, scientists said on Wednesday.
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CIT survival ensnared in regulatory battle

The survival of CIT Group Inc , a key source of financing for thousands of small and medium-sized companies, became ensnared in disagreements between regulators in Washington on Monday.
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Doctor and girl die after catching H1N1 flu

A family doctor and a six-year-old girl have died after catching H1N1 flu, health officials said on Monday, days after the first British death from the infection in an otherwise healthy patient.
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U.S., UK see growth resuming but big risks ahead

There is a strong chance the United States and other leading economies will start growing again over the next few quarters, but big risks to the outlook remain, U.S. Treasury Secretary Timothy Geithner said on Monday.
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Key Venture shareholders oppose $2 billion Centrica bid

Britain's largest gas retailer, Centrica, faced a setback in its battle to take over Venture Production on Monday, when the North Sea gas producer's two largest investors backed management's rejection of the $2 billion bid.
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Daily Outook - July 13 - Energy

The 20th World Oil Forum 2009 kicks off from July 13-15 in London, UK where world oil and gas executives will meet to focus on critical matters of the industry . The conference Growth Opportunities in the New PV Market: Projects, Finance and Policy will be held in San Francisco. British oil and gas firm Emerald Energy Plc confirmed today a third party is interested in a take over.
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UK to set out route map for cutting emissions

The British government will set out a route map on Wednesday showing how it plans to meet its 2020 target of cutting greenhouse gas emissions by 34 percent compared to 1990 levels, a minister said on Sunday.
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Venture CEO tells Centrica to pay above 900p/shr

The chief executive of North Sea gas producer Venture Production said its shareholders were looking for significantly in excess of the 845 pence a share takeover offer made by Centrica Friday.

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