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Brent Crude Oil Falls Below $100 on Recession Fears

Brent crude slipped below $110 on Wednesday as recession fears, partly rekindled by stalled Greek debt talks, weighed on the outlook for demand, while threats by Iran to respond to European sanctions by shutting a vital trade route supported prices.

European Shares, Single Currency Decline

Tents of 'Occupy Frankfurt' movement are pictured next to Euro currency sign sculpture in front of ECB headquarters in Frankfurt
The euro and European shares weakened on Wednesday as fears about the prospect of a Greek debt default overwhelmed positive news on the outlook for Germany, the region's largest economy.
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Asian Stocks

Asian Shares Rise as Focus Turns from Greece to Fed

Asian shares rose on Wednesday, underpinned by strong earnings from U.S. technology giant Apple, stabilizing European money markets and falling eurozone debt yields, with investors shifting their focus from Europe to the U.S. Federal Reserve.
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Megaupload founder refused bail in New Zealand

A New Zealand judge ordered the founder of online file-sharing site Megaupload.com to be held in custody for another month Wednesday, saying the suspected Internet pirate posed a significant flight risk.
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More A380 wing cracks found: sources

Engineers inspecting Airbus A380 aircraft for cracks on a part inside the wings have found similar flaws on at least one aircraft, industry sources said on Tuesday.
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What’s Wrong with Being Rich?

The setting was Puritan Boston in 1642. Hester Prynne emerged from prison rejected, condemned, and spurned. Her crime? Conceiving a child from an adulterous affair. Her punishment? Wearing a scarlet letter A on her chest and bearing the wrath of her town along with it.
Asus Transformer Prime 700

ASUS Transformer Prime HD: TF700 Release Date Set for June

Transformer Prime enthusiasts got excited after ASUS unveiled its new TF700T tablet this month, but it appears ASUS customers will have to make do with their Transformer Prime Eee Pad TF201, and its various shortcomings, until the release date in June.
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About one in five workers worldwide telecommute: poll

About one in five workers around the globe, particularly employees in the Middle East, Latin America and Asia, telecommute frequently and nearly 10 percent work from home every day, according to a new Ipsos/Reuters poll.
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Mecom to charge for news online in new strategy

Loss-making European publisher Mecom is to slash costs, review assets and charge customers to access content online as it fights to revive a business hit by falling advertising sales and changing readership trends.
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Petroplus filing for insolvency, halts supplies

Swiss-based oil refiner Petroplus is to file for insolvency after lenders put the company on notice to pay off its debts triggering a default on $1.75 billion of senior notes and convertible bonds.
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Playtech gears up for global expansion

Playtech, the world's biggest provider of online gaming software, said it saw increasing opportunities as gambling laws are relaxed across the world and was confident of meeting full year expectations following a surge in revenues.
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Petroplus to file for insolvency

Swiss-based oil refiner Petroplus is filing for insolvency after lenders put the company on notice to pay off its debts, triggering its default on $1.75 billion of senior notes and convertible bonds.
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Ex-U.S. spy chief says may take crisis for new cyber law

U.S. intelligence agencies have unique capabilities that can help protect American companies from cyber espionage and attack, but it will probably take a crisis to change laws to allow that type of cooperation, a former spy chief said on Monday.
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UK shareholders to get vote on executive pay

Shareholders should be given a binding vote over how large British companies manage executive pay and more companies should be able to claw back cash from highly-paid staff who fail to deliver, Business Secretary Vince Cable said on Monday.

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