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Asia stocks edge up, but Aussie and oil retreat

Asian stocks edged up on Monday, holding near a six-month peak and withstanding an early bout of profit-taking as investors eyed a slew of corporate earnings reports around the world this week.
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Shell buys Forties for possible storage - trade

Oil company Shell has amassed up to 10 cargoes or about 6 million barrels of Forties benchmark crude oil from the North Sea, possibly for storage, over the past two weeks, traders said on Friday.
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Tech magazine shift from gadget glitz to survive

Technology magazines, facing dwindling advertising and lost luster for big-ticket gadgets, may be turning their attention to helping readers make home improvements or beef-up devices they already own.
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Turkey pushes for nuclear arms-free Middle East

Turkish President Abdullah Gul called on Wednesday for a Middle East free of weapons of mass destruction, hoping that a U.S.-Russian pledge to join forces to eradicate nuclear weapons will encourage the region.
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Rio Tinto aluminum output falls 6 percent

Rio Tinto Ltd/Plc's first-quarter aluminum output fell a steeper-than-expected 6 percent, iron ore production was down 15 percent while refined copper rose 33 percent as the firm struggled to balance supply with global demand.
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UK police face new probe into G20 protests conduct

A British police watchdog group will investigate a second suspected incident of police violence during demonstrations against the G20 this month after video footage emerged on Tuesday of an officer lashing out at a woman.
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GM bankruptcy fears drag down auto stocks

General Motors stock fell sharply in Frankfurt on Tuesday on renewed bankruptcy fears, weighing on autos stocks across the region, as peer Chrysler pinned its hopes on a tie-up with Fiat .
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U.N. demands enforcement of North Korea sanctions

The Security Council on Monday unanimously condemned North Korea's long-range rocket launch nearly two weeks ago as contravening a U.N. ban, and demanded enforcement of existing sanctions against Pyongyang.
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Geithner to host G7, G20 meetings April 24

The U.S. Treasury Department announced on Monday that Group of Seven finance ministers will meet in Washington on April 24 and follow that gathering up with a Group of 20 ministerial session.
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UK says still looking at car scrappage scheme

Britain said on Saturday it was still looking into the possibility of introducing a car scrappage scheme to boost the recession-hit vehicle industry, despite a report that the Treasury was blocking the idea.
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Iran says it's open to nuclear dialogue with powers

Iran said on Monday it would welcome constructive dialogue with six world powers, including the United States, in its clearest signal yet it will accept an invitation for talks on its disputed nuclear work.
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Tech Mahindra wins bid to acquire Satyam

India's Tech Mahindra will pay more than $550 million for a controlling stake in Satyam Computer Services , throwing a lifeline to the fraud-hit firm and propelling itself into the top tier of Indian outsourcing firms.
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Habib, MCB eyeing RBS Pakistan unit

Two of Pakistan's biggest banks, Habib Bank Ltd (HBL) and MCB Bank (MCB), are competing to bid for Royal Bank of Scotland's local assets, which the market values at $266 million.
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PZ Cussons to bid for Sara Lee: report

Britain's PZ Cussons has made it onto the shortlist of bidders for the European household and personal care business of U.S. consumer goods group Sara Lee , the Sunday Times reported without citing sources.
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Islamic banking sees light amid crisis

Islamic finance is slowing as the global financial crisis hits its hubs in Malaysia and the Gulf, but the sector now has a chance to move on to Western economies seeking to boost their financial centers.

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