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BP eyes production of new biofuel types

Oil major BP may start construction next year of a cellulosic biofuel plant as part of a push toward commercial production of new types of biofuels from next year, the head of the group's biofuels division said.

Microsoft CEO eyes Yahoo partnership outside U.S.

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Microsoft Corp Chief Executive Steve Ballmer said on Thursday the company could look to extend its search engine partnership with Yahoo outside the United States, if it gets regulatory approval.

Cigna profit rises, beats forecasts

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Health insurer Cigna Corp posted higher third-quarter profit on Thursday as strength in stock market investments boosted the value of variable annuity products in its reinsurance business.
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Q3 non-farm productivity surges to 6-year high

U.S. non-farm productivity in the third quarter rose at its fastest pace in six years as companies squeezed more output from a smaller pool of labor and cut costs to deal with a slump in demand, government data showed on Thursday.
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FTSE down 0.4 percent ahead of rate decisions

Risk aversion ahead of key central bank policy decisions put pressure on Britain's leading shares around midsession on Thursday, with weakness in banks and miners offsetting modest gains in defensive telecoms and tobacco firms.
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Oil falls below $80 on firmer dollar, weak equities

Oil fell to around $80 a barrel after a steep decline in U.S. crude inventories sent prices up 1 percent the previous day, as traders aimed to lock in profits amid weaker equity markets and a firming dollar.
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Dollar, yen gain as profits taken in euro before ECB

The dollar and the yen edged up on Thursday as short-term investors and Japanese exporters sold into a rally in the euro and higher-yielding currencies which followed a repeated pledge by the U.S. Fed to keep rates low for a while.
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Dollar, yen gain as focus turns to ECB, BoE

The dollar and the yen gained broadly on Thursday as the euro and perceived higher risk currencies succumbed to profit-taking ahead of policy decisions by the Bank of England and the European Central Bank.
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Microsoft CEO eyes Yahoo partnership outside U.S

Microsoft Corp Chief Executive Steve Ballmer said on Thursday the company could look to extend its search engine partnership with Yahoo outside the United States, if it gets regulatory approval.
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Gold retreats from record as dollar firms

Gold prices retreated on Thursday from the record highs they hit in the previous session as the dollar rose ahead of policy decisions from the UK and the euro zone, which curbed appetite for assets seen as higher risk.
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Toyota reports surprise profit, outlook bumpy

Toyota Motor Corp's surprise quarterly profit and halving of its annual loss forecast failed to convince investors the world's No.1 carmaker is back on track, as government subsidies peter out and a strong yen takes its toll.
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Global stocks slide after Fed, ahead of ECB

World stocks slid on Thursday following the Federal Reserve's decision to keep interest rates near zero for an extended period and ahead of policy decisions by the European Central Bank and Bank of England.
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Costco same-store sales top estimates

Costco Wholesale Corp reported a 5 percent increase in October same-store sales, helped by a weak U.S. dollar that helped push up international sales.
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Toyota surprises with quarterly profit, halves loss outlook

Toyota Motor Corp's surprise quarterly profit and halving of its annual loss forecast were not enough to convince investors that the world's No.1 carmaker had escaped the worst, as government subsidies peter out and a strong yen takes its toll.
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Toyota posts surprise profit, raises outlook

Toyota Motor Corp reported a surprise quarterly profit and slashed its annual loss forecast by more than half as sales and cost cutting beat its forecasts, putting it on track to follow Japanese rivals into the black next year.
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Asian shares dip on Fed outlook

Asian shares fell on Thursday, while the dollar recovered most losses made after the U.S. Federal Reserve vowed to keep rates near zero for an extended period and saw a sluggish recovery in the world's biggest economy.
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Oil down towards $79 on weak equities, firmer dollar

Oil fell toward $79 a barrel on Thursday, after a steep decline in U.S. crude inventories sent prices up 1 percent the previous day, as traders look to the fall in equities markets and firming dollar to take profits.
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Asia shares dip; dollar shaky on cautious Fed

Asian shares dipped on Thursday, and the dollar fell after the Federal Reserve vowed to keep rates near zero for an extended period and said the recovery of the world's biggest economy would be sluggish.
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Gold eases but $1,100 still in sight

Spot gold inched lower on Thursday but remained within striking distance of $1,100 an ounce after hitting an all-time high for the second straight session on a weak dollar the previous day.
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Fed sees rates near zero for extended period

The U.S. Federal Reserve on Wednesday expressed growing confidence that an economic recovery was building, even as it stuck to its commitment to keep borrowing costs near zero for an extended period.
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Cisco beats forecasts, recovery under way

Cisco Systems Inc posted a stronger-than-expected profit for its fiscal first quarter and said business was recovering as customers are buying more network equipment again after cutting back for the past year.

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