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Rio names new chairman as Chinalco row escalates

Rio Tinto named a new chairman to help get a planned $19.5 billion tie-up with China's Chinalco approved, as Australian politicians opposed to the deal raised their level of protest on Tuesday.

Greenland thaw among feared climate shifts by 2200

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A drastic climate shift such as a thaw of Greenland's ice or death of the Amazon forest is more than 50 percent likely by the year 2200 in cases of strong global warming, according to a survey of experts.

TV ads to add to pressure on Chinalco-Rio deal

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Australian politicians turned up the heat against Rio Tinto Ltd/Plc's planned $19.5 billion tie-up with China's Chinalco, with one taking out television ads on Tuesday to push for the deal to be blocked.
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Pakistan defuses crisis, agrees to restore judge

Pakistan's government agreed on Monday to reinstate Iftikhar Chaudhry as chief justice in a surprise move to defuse a crisis and end agitation by lawyers and activists that had threatened to turn into violent confrontation.
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Bank optimism powers Dow and S&P, but tech off

The Dow and S&P 500 stock indexes rose on Monday, extending their recovery from 12-year lows reached this month, as investors became more hopeful that some stabilization may be returning to the banking sector.
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Bank optimism powers Dow and S&P, but Nasdaq drags

The Dow and S&P 500 stock indexes rose on Monday, extending their recovery from 12-year lows reached this month, as investors became more hopeful that some stabilization may be returning to the banking sector.
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Stocks set for higher open

Stocks on Monday were set to extend their recovery from 12-year lows reached earlier this month after Britain's Barclays became the latest bank to buoy hopes that some stabilization may be returning in banking.
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Stock futures rise as Barclays adds to bank optimism

Stock futures rose on Monday, putting Wall Street on course to extend its recovery from 12-year lows reached earlier this month, after Britain's Barclays became the latest bank to buoy hopes that some stabilization may be returning in banking.
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UBS proposes ZFS, ABB execs for board

Switzerland's UBS, the world's largest wealth management company in terms of assets, proposed three new candidates to its board of directors on Monday.
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Tapping a Muslim online community

Shabana Ahmadzai, 19, and Sara Bahmanpour, 20, like to hang out on a social network a fraction the size of Facebook. Their portraits enhanced by makeup or anime images, the women are logging on at Muxlim, a lifestyle community for Muslims.
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Australia extends Chinalco-Rio deal probe

Australia on Monday extended its review of Chinese aluminum maker Chinalco's $19.5 billion investment in global miner Rio Tinto, as major Rio shareholders voiced growing concern over the deal.
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World Bank urges divided G20 to fix banks

More spending will give only a brief sugar high if G20 nations fail to clean up their banks, the World Bank said on Friday as economic powers struggled to agree a response to the worst downturn in decades.
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Tax havens agree to crack open the vault

Switzerland, Austria and Luxembourg offered to relax strict bank secrecy in some tax evasion cases on Friday in a response to a global crackdown on tax havens that is rattling the offshore banking industry.
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European tax havens make concessions on bank secrecy

Switzerland, Austria and Luxembourg offered to relax strict bank secrecy in some tax evasion cases on Friday in a response to a global crackdown on tax havens that is rattling the offshore banking industry.
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Litvinenko suspect may run for mayor of Olympic city

Britain's main suspect in the London murder of dissident Alexander Litvinenko is likely to run for mayor in the Russian city hosting the 2014 Winter Olympics, according to an announcement by his party on Friday.
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G20 rift deepens ahead of crisis response talks

Japan joined the U.S. push for more government spending to fight the economic crisis on Friday but G20 unity looked seriously compromised after Paris accused Washington of disregarding the urgent need for tough market regulation.
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China says can spend more; U.S. banks cheer markets

China said it was ready to pump more money into its economy and saw a pick-up in trade, offering another glimmer of hope for the battered global economy as signs that big U.S. banks may be turning around lifted world stocks.
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BMW posts sharp loss, VW sees worse ahead

The economic crisis threatening to topple global automakers rocked two of Europe's biggest on Thursday as BMW posted a surprise fourth-quarter operating loss and Volkswagen warned of worse ahead.
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Asian shares retreat as rally proves fleeting

Japanese shares fell more than 2 percent on Thursday and other Asian markets were on the defensive as confidence in a rally this week proved fleeting in light of a shaky global economy and financial system.

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