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Asia helps Prudential top sales forecasts

Insurer Prudential topped forecasts on Tuesday with a 10 percent rise in nine-month sales, as growth in Asia, driven by India and Taiwan, offset the impact of a weak dollar and a shrinking business at home.

Bank of China eyes UK expansion

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Bank of China, the world's No. 6 bank by market capitalisation, is seeking acquisition opportunities to expand its British retail business, a senior executive said.

BP profits down 45% as output, refining suffer

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BP reported a 45 percent fall in third-quarter replacement-cost profit to $3.867 billion due to lower oil and gas production, problems at its refining division and fewer asset sales which had flattered the year-earlier result. Though also lower than the same period last year, BP's underlying profits were towards the top end of analysts' forecasts, helped by a lower tax rate.
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Turkey sends minister to Iraq

Turkey's foreign minister will vow military action in northern Iraq unless Iraqi and U.S. forces crack down on separatist Kurdish guerrillas.
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Group of Seven fail to address dollar decline

Fiscal policy makers from the Group of Seven meeting this week in Washington this week did not specifically address the issue of the dollar trading near all-time lows versus the euro in recent weeks.
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G7 finance chiefs aim to calm uneasy global markets

With global economic growth waning and a credit crunch threatening, finance chiefs from rich nations were gathering on Friday to mull how to control strains in financial markets and keep expansion going.
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Stocks move up on solid earnings reports

Technology stocks rose on Wednesday as investors took heart from solid corporate earnings and shrugged off fresh evidence of a dismal housing sector, which renewed speculation the Fed will cut interest rates.
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EBay customers' cash linked to risky assets

EBay Inc customers who park extra cash in a nearly $1 billion PayPal money market fund are exposed to the same type of assets targeted for an emergency bailout by the largest U.S. banks, regulatory filings show.
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BBC in drama of 21st century media

Having angered Queen Elizabeth and the public, Britain's BBC is set to shed staff with sweeping job cuts this week in the biggest crisis to hit the world-renowned broadcaster since a government clash over Iraq.
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Do food miles make a difference to global warming?

The U.S. local food movement -- which used to be elite, expensive and mostly coastal -- has gone mainstream, with a boost from environmentalists who reckon that eating what grows nearby cuts down on global warming.
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Air France and Delta set transatlantic venture

Air France-KLM and Delta Air Lines Inc announced plans on Wednesday to team up on routes linking major U.S. cities and London's Heathrow airport in a challenge to rival British Airways Plc. The joint venture aims to take advantage of the Open Skies pact set to liberalize transatlantic rules next year, and will be implemented in April 2008.
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Gore's Current TV enlists Web users to shape news

Current, the television network backed by Nobel Peace Prize winner Al Gore, is embarking on a new Internet strategy to enlist viewers in submitting video and commentary to create broadcast TV news.
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Virgin Rescue Plan for Northern Rock

This Friday in the UK, troubled bank Northern Rock was offered a lifeline by a consortium assembled and led by Sir Richard Branson’s Virgin Group. The group submitted a plan which would involve “a substantial cash sum… [being] injected” in a bid to save the bank, according to published reports.
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Branson's Virgin plans Northern Rock rescue

Virgin Group, controlled by entrepreneur Richard Branson, is leading a consortium that has submitted a rescue plan for British bank Northern Rock that would inject a substantial cash sum, it said on Friday.
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N. Rock's BoE loans seen near 12.9 bln stg: data

Stricken British mortgage lender Northern Rock may have borrowed a further 2.3 billion pounds ($4.7 billion) from the Bank of England in the past week, according to BoE data, down from 2.9 billion the previous week.
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Satellite helps small phone companies get into TV

Derrick Bulawa, who runs a small phone company in North Dakota, was getting worried as he began to lose some of his 6,000 subscribers to cable companies offering bundled TV, Internet and phone services.
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Stocks Hit New Records in Asia

Stocks around the world extended gains on Thursday while the yen slipped against the dollar after the Bank of Japan decided not to change interest rates.
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Dollar down as markets eye further rate cut

The dollar fell on Wednesday as concern crept back into the market that the Federal Reserve may cut interest rates again this year to prevent a weak housing sector from damaging the broader economy.
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RBS-led team seals victory in ABN takeover battle

Three banks led by Britain's Royal Bank of Scotland clinched victory in the battle for ABN AMRO on Wednesday, declaring their 70 billion euro ($99 billion) offer for the Netherland's biggest bank unconditional.

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