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Sovereign defaults top 2010 risk hitlist for WEF

The risk that deteriorating government finances could push economies into full-fledged debt crises tops a list of threats facing the world in 2010, according to a report by the World Economic Forum.

Sovereign defaults head 2010 risk hitlist for WEF

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The risk that deteriorating government finances could push economies into full-fledged debt crises tops a list of threats facing the world in 2010, according to a report by the World Economic Forum.

Rio iron ore output soars, ups ante for prices

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Rio Tinto , the world's second-biggest iron ore miner, beat its forecast for iron ore output, reflecting surging demand from Chinese steelmakers and setting the stage for tough contract price talks.
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Britain lures talent: sci-tech entrepreneurs move in

It took only a few weeks of research for Romanian entrepreneur Emi Gal to decide where to base his digital media firm, and his choice confounds a fairly enduring set of stereotypes about Britain's global appeal.
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Kraft CEO courts Cadbury investors in London

Kraft Foods Inc CEO Irene Rosenfeld was going door-to-door in London on Wednesday, visiting Cadbury's largest shareholders at their offices to win support for a $17 billion takeover bid.
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Scientists link plastics chemical to health risks

British and U.S. researchers studied the effects of the chemical bisphenol A using data from a U.S. government national nutrition survey in 2006 and found that high levels of it in urine samples were associated with heart disease.
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Cadbury defenders step up fight as Kraft closes in

Britain's business secretary Peter Mandelson is expected to add his weight to union calls for Cadbury shareholders to resist Kraft Foods' bid, which got a boost from the withdrawal of a possible rival.
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Daily Forecast - 13/1/2010

The Australian Dollar opens lower today at 0.9210 after failing to hang onto its recent gains above US93 cents.
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Cadbury CEO has investor support to reject Kraft

Bid-target Cadbury Plc stressed on Tuesday it had good support from its shareholders in repelling the hostile bid from Kraft Foods and should be able to deliver on its financial targets for 2010.
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Retailers see innovation, speed as keys to growth

Retailers are using a host of strategies in adapting to the downturn -- from improving their products to expanding their e-commerce businesses -- which they hope will better position themselves for a rebound in the economy.
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Pakistan seen becoming more Islamist, anti-U.S.

Pakistani society is likely to become more Islamist and increasingly anti-American in the coming years, complicating U.S. efforts to win its support against militant groups, a report released on Tuesday said.
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Blair vowed military support if Iraq diplomacy failed

Prime Minister Tony Blair told U.S. President George W. Bush in 2002 that Britain would back military action if diplomatic efforts to disarm Iraq's Saddam Hussein failed, his former communications chief said on Tuesday.
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RBS says investors fret over bonus clampdown

Royal Bank of Scotland said investors were concerned a clampdown on bonuses would hamper its ability to retain staff and warned parliamentarians the rescued bank could find itself prisoner to market rates.
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China surprises with bank reserve hike, markets hit

China took its strongest step toward tightening monetary policy on Tuesday as the world's third-largest economy roars ahead, surprising investors with an increase in banks' required reserves that rocked global financial markets.
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EU carbon dips in investor selling drive

European carbon emissions futures dipped on Tuesday as investors sold permits to entice industrial companies into selling to drive prices lower, traders said.
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Asian stocks down on China policy fears

Asian stocks fell on Tuesday, a day after hitting a 17-month high, on investor jitters about tighter monetary policy in China, while the dollar rose after a Chinese sovereign fund official said the currency has bottomed.
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Six major powers to discuss Iran's nuclear program

Major powers may soon meet to discuss Iran's nuclear program, the State Department said on Monday, adding the talks could take place when U.S. Undersecretary of State William Burns travels to Moscow and Madrid this week.
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UK's first wind farm in 12 mln stg overhaul

Britain's first commercial wind farm will be repowered, replacing its aging turbines with more efficient ones under an 11.8 million pound ($19.1 million) deal announced by Good Energy Group plc on Monday.

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