UNITED KINGDOM

GM leans toward Magna for Opel deal: sources

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General Motors is leaning toward picking Canada's Magna International and its Russian partners -- Germany's favored suitors -- as preferred buyers for the Opel business in Europe, sources close to the matter said on Friday.

GM leans toward Magna for Opel deal -sources

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General Motors is leaning toward picking Canada's Magna International and its Russian partners -- Germany's favored suitors -- as preferred buyers for the Opel business in Europe, sources close to the matter said on Friday.
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First Eastern eyes U.S. investment bank acquisition

Hong Kong-based private equity firm First Eastern Investment Group plans to invest in a Wall Street bank as part of a strategy to build its presence in every major global financial hub, its chairman Victor Chu said.
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Lockerbie bomber sent home to Libya to die

A former Libyan agent jailed for life for the 1988 Lockerbie bombing that killed 270 people flew home on Thursday after Scottish authorities released him on compassionate grounds because he is dying of cancer.
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U.S. condemns release of Lockerbie bomber

The United States strongly condemned Thursday's decision by Scottish authorities to free a terminally ill Libyan convicted of the 1988 Lockerbie plane bombing, saying there was no justification for his release.
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Seven arrested in suspected carbon tax fraud

The British tax office arrested seven people in London on Wednesday in a suspected 38 million pounds ($62.6 million) value-added tax fraud in the European market in carbon allowances, it said.
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China seen looking to bigger climate change steps

China appears committed to stronger steps to contain swelling greenhouse gas emissions, the former British Prime Minister Tony Blair said after meetings in Beijing, urging practical hopes of climate treaty negotiations.
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Macquarie buys U.S. asset manager for $428 mln

Macquarie Group Ltd, Australia's top investment bank, agreed to buy U.S. asset manager Delaware Investments for $428 million in cash from Lincoln National Corp, continuing a trend of consolidation in the fund management business.
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Views from expats on healthcare systems

With debate about healthcare reform raging across the Atlantic, Reuters asked a selection of expatriates what they thought of healthcare systems at home and abroad.
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Macquarie buys U.S. asset manager for $428 million

Macquarie Group Ltd , Australia's top investment bank, agreed to buy U.S. asset manager Delaware Investments for $428 million in cash from Lincoln National Corp , continuing a trend of consolidation in the fund management business.
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British award to honor Monty Python at NY reunion

The British Academy of Film and Television Arts (BAFTA) will honor the Monty Python comedy team with a special award for their contribution to film and television at an event in New York on October 15.
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Daily Commentary - 19/08/2009

The Australian Dollar opens higher today against the greenback at 0.8260. During local trade yesterday the Aussie moved half a US cent higher towards 0.8250 after the minutes of the Reserve Bank of Australia's August board meeting underlined once more the market's expectations of an interest rate rise by the end of the year. Also delaying another test lower for the currency was a stronger-than-expected performance on local equities which finished the day only slightly lower after a poor lead fro...
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Exploding iPhones and iPods to be probed

European Commission officials said Tuesday that Apple Inc. is looking into reports of exploding iPhones and iPods, after several dissatisfied customers claimed that their devices had exploded.
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Major Anglo investors say Xstrata deal dead

Two major Anglo American shareholders have backed new Chairman John Parker's bid to buy time and stave off rival Xstrata's nil-premium merger proposal, which one said on Tuesday was effectively dead.
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Euro, sterling rise on German, UK reports

The euro rose on Tuesday, recovering from multi-week lows against the dollar and yen, after an unexpected gain in German investor sentiment boosted optimism about the euro zone economy.
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U.K. music academy expands with Oklahoma branch

Britain's Academy of Contemporary Music is opening its first U.S. branch in Oklahoma City, with ambitious plans to enhance touring opportunities in the region, as well as educate students for a career in the music business.

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