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Accounting chief wants higher bank capital ratios

New bank capital rules should be about 30 percent higher than agreed, to prevent a repeat of the last financial crisis, the incoming head of the world's biggest accounting standard setter said on Sunday.

Icelanders again reject Icesave debt deal

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Icelanders rejected for a second time a plan to repay $5 billion to Britain and the Netherlands from a bank crash, results showed on Sunday, and Iceland's prime minister warned of economic and political chaos.

No vote ahead in Iceland debt deal referendum

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Voters in Iceland rejected a second plan to repay debts to Britain and the Netherlands from a bank crash, partial referendum results showed Sunday, and the prime minister said economic and political chaos could follow.
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News of the World faces rush of phone hack claims

Rupert Murdoch's British news arm faces a rush of fresh compensation claims and could be exposed to criminal prosecution after admitting its role in a long-running phone hacking scandal, lawyers said on Saturday.
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Thomson vows for sustainable tourism measures

The commitments include major steps towards the continuing reduction of TUI's carbon footprint in the air and on the ground, both in its UK operations and holiday destinations worldwide.
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Stock futures signal flat open; data eyed

Stock index futures pointed to a flat open on Wall Street on Thursday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 trading little changed.
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M&S customers email address hacked: reports

Britain's largest retail chain Mark and Spencer customers email addresses have been hacked and the company has sent warning messages to many online customers who have supplied the store with email addresses, various media outlet reported.
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Genpact paying $550 mln for Headstrong to expand in U.S.

Genpact Ltd (NYSE: G), the outsourcing company spun off from General Electric Co., has agreed to acquire privately-held IT services provider Headstrong Corp. for $550 million in cash to expand its operations in the United States.

What moves the forex market?

The forex market is dominated by financial/speculative transactions rather than commercial transactions. Of financial transactions, it’s dominated by trades in currencies themselves rather than portfolio flows.
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Telecom empire building takes back seat

With the days of planting flags across the globe long gone, western European telecoms are unlikely to rush to merge even as deep-pocketed emerging market rivals entertain deals at the edges of their territory.
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World Market Overview 04/05/2011

U.S. blue-chip stocks eked out small gains Monday in the lightest trading volume all year, but other major indexes finished flat as the technology sector sagged.
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Police discover corpses of three more victims of 'Craigslist killer'

The number of women suspected to have been killed by the notorious ‘Craigslist killer’ crept up to at least seven on Tuesday as police discovered three more bodies from an area near the highway leading to Jones Beach in New York. The Suffolk County Police said the body of an eighth woman has also been found, but the case has not yet been connected to the Craigslist killing.

Koussa may have to answer for Lockerbie bombing

Moussa Koussa, the former foreign minister of Libya who recently defected to the United Kingdom, may soon be answering questions about the tragic Lockerbie bombing of December 1988, according to Scottish prosecutors.
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Vodafone SFR deal reflects wider industry changes

Vodafone's exit from France's SFR marks another step in the revamp of its portfolio and reflects how Europe's telecom giants are ditching weaker assets to achieve scale elsewhere ahead of a wave of big investments.

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