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Job cuts close to unchanged in May vs April

The number of planned layoffs at U.S. companies in May was almost unchanged from April, when they touched a four-year low, suggesting employers are more upbeat about the economic outlook, a report on Wednesday showed.
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Ireland to bail out Anglo Irish again this year: PM

Ireland expects to provide more capital to nationalized Anglo Irish Bank this year on top of the 4 billion euros ($4.86 billion) paid in 2009 and 10.3 billion so far this year, Prime Minister Brian Cowen said.
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Stock futures higher as BP rebounds

Stock index futures rose on Wednesday, recovering from a sell-off in the previous session as investors awaited monthly data on pending home and auto sales.
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Honda China parts plant restarts, walkout threatened

Honda Motor said a key car parts factory in south China resumed full production on Wednesday, ending more than two weeks of disruption after workers downed tools to demand higher wages in a high-profile and sometimes violent strike.
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Tanzania plans mega refinery, oil pipeline project

Tanzania is all set to build a new oil refinery and a 1,500-kilometres pipeline to bring oil to its interiors, according to country's Energy and Minerals ministry. The ministry said, the $3.5 million project will be carried out by Noor Oil & Industrial Technologies (NOIT), a US based multinational oil firm will give the region a steady, uninterrupted supply of refined products.
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Euro up on central banks comments

The euro rose on Wednesday after some of the world's biggest central banks said they would not stop investing in the single currency, while world equities and commodity prices fell.
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Asian stocks fall, yen dips as Japan PM quits

Asian stocks followed Wall Street down on Wednesday as jitters over the euro zone's debt crisis prompted investors to keep cutting riskier positions, while the euro steadied after hitting a four-year low.
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SMX to list WTI crude Futures at launch in Aug

Singapore Mercantile Exchange, a leading Asian multi-product commodity derivatives exchange, has announced that it will commence trading of the West Texas Intermediate (WTI) light sweet crude oil futures contract on its state-of-the-art electronic trading platform when it goes live in August this year.
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Oil falls towards $72 in Asian trade

World oil prices extended overnight losses in Asian trade Wednesday as the dollar moved up amid weak market trends. Light sweet crude for July delivery was seen trading at $72.04 a barrel at 11.30 a.m Singapore time while Brent crude was at $72.27 a barrel in London. Analysts said after the long holiday weekend, the market was focused on economic storm clouds in the Euro zone and China.
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Euro steadies, yen dips on Japan PM resignation

The euro edged up on Wednesday after hitting a four-year low against the dollar on jitters over the euro zone's debt crisis, while Asian stocks were broadly steady despite a dip on Wall Street.
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Pru deal near collapse as AIG snubs lower offer

Prudential Plc's bid for AIG's Asian life insurance unit was close to collapse on Tuesday after the two failed to negotiate a price cut, raising questions about the future of the British insurer and its chief executive.
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Butt test shows U.S. cigarettes high in chemicals

(Reuters) - Americans inhale more cancer-causing agents with their cigarettes, probably because of the tobacco blend, while smokers in Canada, Britain and Australia get less, U.S. researchers reported on Tuesday.
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Canada probes Google on wireless data collection

Canada has launched a probe into Google Inc as legal problems escalate surrounding the search engine's disclosure that it collected private data while taking photographs for its Street View product.
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Citi cuts up to 600 CitiFinancial jobs

Citigroup Inc's CitiFinancial unit will shut 330 of its U.S. branches and cut between 500 and 600 jobs, in an effort to cut costs at the business and make it more attractive to potential buyers.
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Wall Street slides as energy shares hit

Stocks fell on Tuesday as energy shares slid after the latest failed attempt to halt the oil spill in the Gulf of Mexico and the U.S. government announced a criminal probe into the disaster.

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