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Virgin sees space tourism as just the beginning

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Long-haul trips could be made in spaceships instead of planes in 20 years' time if Virgin's efforts to commercialize space travel succeed, the president of Virgin Galactic told Reuters in an interview.
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BoE increases QE program, leaves rates on hold

The Bank of England said on Thursday it would increase the size of its asset purchase program by 50 billion pounds to 125 billion pounds, and left interest rates at a record low 0.5 percent for a second month.
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Barclays profit up 15 percent on buoyant BarCap

British bank Barclays Plc said first-quarter profit rose 15 percent as strong growth at its investment banking arm made up for a big jump in bad debts as economies worsen, sending its shares to a seven-month high.
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Asia shares extend rally as bank fears ease

Asian shares extended their rally Thursday as encouraging signs about the health of U.S. banks and the global economy bolstered riskier assets such as oil and hurt safe-havens such as the yen.
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EU27 retail trade falls 0.3%, the euro area down by 0.6%

The volume of retail trade in March of the European Union’s 27 nation bloc (EU27) fell by 0.3% and the euro area (EA16) down by 0.6%. In February of this year, retail trade fell by 0.8% and 0.3% respectively, according to the European statistics.
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Daily Forex Commentary - 7 May

Australian Dollar: In what has been a tumultuous 24 hour period the Aussie dollar survived an Asian sell off yesterday to an intraday low of 0.7335 to bounce back in dramatic fashion during offshore trade.
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China hydropower subprime carbon flood may slow

China's booming hydropower sector is facing mounting criticism for generating subprime carbon credits from projects that don't need extra earnings to succeed, raising the risk of tougher rules and putting billions of dollars of clean energy investments at risk.
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Retailers mustn't cut back on being green: study

Retailers, seeking to cut costs in the economic downturn, need to continue investing in environmental sustainability if they want to retain customers, according to a report published on Wednesday.
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Wal-Mart enters China's convenience store market

Wal-Mart , the world's top retailer, said on Wednesday it has launched a pilot program to open convenience stores in China, seeking to boost its presence in one of the world's fastest growing retail markets.
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Bankruptcy judge mulls Chrysler plan, GM talks loom

A U.S. bankruptcy judge on Tuesday considered whether Chrysler LLC could move forward with its plans for a quick sale of most of its assets while rival General Motors Corp prepared to resume talks with its union and detailed a plan that could shift majority ownership control to the U.S. government.
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Bankruptcy judge mulls Chrysler plan as GM talks loom

A U.S. bankruptcy judge on Tuesday considered whether Chrysler LLC could move forward with its plans for a quick sale of most of its assets while rival General Motors Corp prepared to resume talks with its union and detailed a plan that could shift majority ownership control to the U.S. government.
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Opel labor leader says Fiat deal risks everything

FRANKFURT - The senior labor leader of German carmaker Opel (GM.N) warned that Fiat's (FIA.MI) ambitious growth strategy was an all-or-nothing bet, rejecting the Italian rival's takeover concept for the GM Europe brand.
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Forex Daily Commentary

Australian Dollar: The Aussie dollar shrugged off some woeful local economic data yesterday to continue its recent surge higher.
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Swine Flu cases nears 1,000

The World Health Organization reported on Monday that 985 cases of influenza A (H1N1) have been reported across twenty countries.
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Acer: Windows 7 will be released October 23

Acer, the world's joint second largest manufacturer of PCs, has reportedly confirmed that Windows 7 will be available pre-loaded on their new all-in-one Z5600 PC from 23 October, ahead of Microsoft's suggested release date.

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