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EU carbon prices unchanged, eye UK auction

European Union carbon emissions futures barely moved after a small German permit auction on Wednesday, but traders warned a UK auction on Thursday could push prices lower.

UK Prudential buys Singapore insurance firm

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Britain's biggest insurer Prudential (PRU.L) is buying the life insurance unit of Singapore's third-biggest lender UOB (UOBH.SI) for S$428 million ($307 million) to beef up its presence in fast-growing Asia.
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Brown faces leadership ballot call

Two former cabinet ministers on Wednesday called for a secret ballot of MPs to decide if Prime Minister Gordon Brown should lead the Labour Party into an election due by June.
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Buffett threatens Kraft's Cadbury bid

Kraft sweetened its $16.8 billion offer for Britain's Cadbury and a potential rival stood aside, but just hours later the U.S. food firm's influential top shareholder threatened to vote against the deal.
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Kraft sweetens Cadbury bid; Buffett weighs in

Kraft sweetened its $16.8 billion offer for Britain's Cadbury and a potential rival stood aside, but just hours later the U.S. food firm's influential top shareholder threatened to vote against the deal.
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Buffett warns Kraft on Cadbury offer

Warren Buffett's Berkshire Hathaway Inc issued a stern warning to Kraft Foods Chief Executive Irene Rosenfeld, saying it opposed the food maker's plan to float new shares in pursuit of Cadbury Plc .
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Glasgow fights No Mean City tag, 75 years on

Razor King Johnnie Stark is long dead, but the specter of violence raised by the brutal street fighter in No Mean City still haunts Glasgow seven decades after the novel's publication.
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SCENARIOS: Kraft sweetens Cadbury bid

Kraft Foods sweetened its 10.2 billion pound ($16.43 billion) hostile offer for Cadbury with cash, which may well be enough to land the British group, as long as rivals stay out of the race.
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Spain's EU art installation sidesteps controversy

Spain played it safe as it unveiled an artwork to represent its European Union presidency on Tuesday, avoiding the controversy of a year ago when the Czech Republic managed to offend most of the EU.
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Stock futures little changed, eyeing auto sales

Stock index futures were flat on Tuesday as investors awaited key economic data for fresh signs of an economic recovery a day after the Dow and the S&P rallied to their highest closes in more than 15 months.
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Icelandic president says won't sign Icesave bill

Iceland's president said on Tuesday he would not sign into law a bill to repay more than $5 billion lost by savers in Britain and the Netherlands when the island's banks collapsed, creating fresh political turmoil for the crisis-hit country. President Olafur Grimsson's rejection of the bill is seen putting aid from international lenders, as well as aspirations to join the European Union, in ser...
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UK to consult Iceland over Icesave referendum

Britain said it wanted Iceland to rapidly resolve the issue of compensation for the failure of Icelandic bank Icesave, after the North Atlantic island's President Omar Grimsson refused on Tuesday to sign a bill authorising this.
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Iceland faces crisis after Icesave rejection

Iceland's president refused on Tuesday to sign into law a bill to repay more than $5 billion lost by savers in Britain and the Netherlands, forcing the issue to a referendum and stirring fresh turmoil in the crisis-hit country. President Olafur Grimsson's rejection of the unpopular bill put aid from international lenders and his country's aspirations to join the European Union in serious jeopar...
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Stock futures flat ahead of factory orders, homes data

U.S. stock index futures were flat on Tuesday as investors awaited factory orders and pending home sales data for more signs about an economic recovery a day after the Dow and the S&P rallied to their highest closes in more than 15 months.
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Stock futures point to weaker start

Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 fell 0.02 to 0.2 percent, pointing to a weaker start on Wall Street on Tuesday.
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Kraft ups cash part of Cadbury bid, helped by Nestle

Kraft Foods Inc on Tuesday said it was raising the cash portion of its hostile 10 billion pound ($16 billion) takeover offer for Britain's Cadbury Plc by 60 pence per share, funded by a deal to sell its North American pizza unit to Swiss food giant Nestle.
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Global factory output picks up steam in December

Chinese manufacturing grew at its fastest pace on record in December, data showed on Monday, while U.S. factories marked their best month in nearly four years, suggesting more improvement in the world economy.

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