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Oil rises towards $69 on economy hopes

Oil prices rose toward $69 a barrel on Thursday, drawing support from a sharp fall in U.S. gasoline inventories that revived hopes of a demand recovery in the world's largest fuel consumer.

Japan's Hatoyama, U.S. envoy talk shared interests

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Japan's new leader and Washington's envoy bonded over a football helmet on Thursday as they sought to allay concerns about their alliance after an election win by Yukio Hatoyama's party, which has pledged a more independent diplomatic course.

China denies U.S. reporters were seized in China

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China rejected on Thursday claims by two U.S. journalists that they were seized on Chinese territory before being dragged into North Korea and jailed there for illegal entry into the reclusive state.
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Global recession ending:OECD

The global recession is coming to an end faster than thought a few months ago and may already be over, but recovery will rely on massive government spending and low interest rates for some time, the OECD said on Thursday.
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Nomura, JP Morgan bag plum roles in Dainippon deal

Nomura Holdings cemented its position at the top of the M&A league tables in Japan by bagging a mandate to advise Dainippon Sumitomo Pharma on its $2.6 billion acquisition of U.S. drugmaker Sepracor Inc.
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After slow start, U.S. deal making set to rise

The next few months could see more mergers and acquisitions in the U.S. manufacturing sector as memories of recent market highs fade and some smaller companies find they need financial backing.
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Many U.S. retailers report lower August sales

U.S. retailers reported August sales that showed some signs that the economic downturn was easing, but a late Labor Day holiday and muted consumer enthusiasm weighed on the key back-to-school season.
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China to draw foreign investments via partnership rule

China plans new rules to allow foreign companies to set up local units in the form of a locally registered partnership, in a landmark move to attract investment, a draft proposal seen by Reuters showed on Thursday.
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Costco August same-store sales fall 2 percent

Costco Wholesale Corp on Thursday reported a smaller-than-expected 2 percent fall in August same-store sales, in a sign that the impact of the financial crisis is waning on U.S. consumer spending.
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Monster U.S. online jobs index soars in August

A monthly gauge of U.S. online labor demand soared in August at its fastest pace in four years, indicating steadier footing for nationwide labor demand, a private research group said on Thursday.
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Costco and Limited beat August sales estimates

U.S. retailers reported August sales that showed some signs that the economic downturn was easing, but a late Labor Day holiday and muted consumer enthusiasm weighed on results in the key back-to-school season.
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Oil rises above $69 on economy hopes

Oil prices rose above $69 a barrel on Thursday, drawing support from a sharp fall in U.S. gasoline inventories that revived hopes of a demand recovery in the world's largest fuel consumer.
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Internet providers seek low broadband

The biggest U.S. Internet service providers urged regulators to adopt a conservative definition of broadband, arguing for minimum speeds that were substantially below many other nations.
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World stocks tick higher; ECB, G20 eyed

World stocks ticked higher on Thursday, bolstered by firmer Chinese shares, while the euro gained and the region's government bonds slipped ahead of a European Central Bank monetary policy decision.
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Asia shares edge up on Shanghai jump, yen slips

Asian shares edged up on Thursday as a surge in the volatile Shanghai market helped underpin indexes around the region, offsetting a rocky start to the month on worries the global economic recovery is losing steam.

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