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CIT survival ensnared in regulatory battle

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The survival of CIT Group Inc , a key source of financing for thousands of small and medium-sized companies, became ensnared in disagreements between regulators in Washington on Monday.

Doctor and girl die after catching H1N1 flu

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A family doctor and a six-year-old girl have died after catching H1N1 flu, health officials said on Monday, days after the first British death from the infection in an otherwise healthy patient.
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U.S., UK see growth resuming but big risks ahead

There is a strong chance the United States and other leading economies will start growing again over the next few quarters, but big risks to the outlook remain, U.S. Treasury Secretary Timothy Geithner said on Monday.
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UK to set out route map for cutting emissions

The British government will set out a route map on Wednesday showing how it plans to meet its 2020 target of cutting greenhouse gas emissions by 34 percent compared to 1990 levels, a minister said on Sunday.
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Venture CEO tells Centrica to pay above 900p/shr

The chief executive of North Sea gas producer Venture Production said its shareholders were looking for significantly in excess of the 845 pence a share takeover offer made by Centrica Friday.
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Azeri blogger detained, oil major presses case

An opposition blogger in Azerbaijan has been remanded in custody pending trial on hooliganism charges, prompting protests from his employer, oil major BP Plc, a media rights group said on its website.
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Centrica makes $2 bln bid for Venture, ups stake

Britain's largest gas retailer, Centrica Plc, which operates under the British Gas brand, made a $2 billion bid for North Sea gas producer Venture Production Plc on Friday as it seeks to increase its gas reserves.
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Murdoch's UK arm denies phone hacking allegations

The British newspaper arm of Rupert Murdoch's News Corp denied on Friday allegations its journalists had hacked into the phones of thousands of public figures, following days of damning headlines.
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Student homes shine amid Europe property gloom

Property investors are turning to the student accommodation sector as a would-be phoenix rising from the ashes of the UK real estate market, promising growth in returns and size for at least the next few years.
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Anglo names chairman to lead Xstrata defense

Anglo American Plc appointed veteran industrialist John Parker as chairman on Friday, moving to bolster its leadership as it seeks to fend off an unwanted merger proposal by rival Xstrata Plc .
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Bank of England slows pace of QE purchases, shocks market

The Bank of England cut the pace at which it pumps money into Britain's economy on Thursday after unexpectedly deciding not to expand its 125 billion pound ($204 billion) asset buying scheme, raising fears it may stop purchases completely.
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Iran won't back down one step in atom row

Iran will not back down even one step over its nuclear work, a senior adviser to the country's top authority said in remarks published on Thursday, making clear Tehran's continued defiance in a row with the West.
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Obama says still time for climate deal this year

U.S. President Barack Obama said at the G8 summit on Thursday there is still time to close the gap with developing powers on climate change, after the U.N. chief criticised the G8 for not going hard enough.
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AIG in talks to sell big Alico unit to MetLife: report

American International Group Inc has resumed talks to sell its American Life Insurance Co unit to MetLife Inc in a transaction that could help the stricken insurer raise more than $15 billion, the Financial Times said.
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BoE leaves rates steady, maintains QE total

The Bank of England surprised markets by announcing no expansion of its quantitative easing scheme on Thursday as it left interest rates unchanged at a record low of 0.5 percent for a fourth month running.
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Alcoa earnings help lift world stocks

Forecast-beating results from U.S. bellwether Alcoa helped lift European stocks and draw global equities out of the red on Thursday, while currency markets reversed some of their recent cautious patterns.

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