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U.S. auto market downturn slows in July: report

U.S. retail auto sales are expected to decline 19 percent in July from a year ago, marking an improvement over declines of more than 30 percent in the first half of 2009, an influential industry tracking service said on Friday.

Japan sends U.S. letter on

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Japan has sent a letter of concern to the United States on a bill recently passed in the U.S. House of Representatives, which contains a provision similar to
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Germany calls carbon tariffs eco-imperialism

Germany called a French idea to slap carbon tariffs on products from countries that are not trying to cut greenhouse gases a form of eco-imperialism and a direct violation of WTO rules.
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Japan opposition hits back as LDP takes off gloves

Japan's opposition Democratic Party lashed out Friday at what it charged was a misleading negative campaign by the ruling party ahead of an election that Prime Minister Taro Aso's coalition is in danger of losing.
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Healthcare delay may complicate climate debate

The U.S. Senate's failure to hold to its early August deadline to pass a major healthcare bill could complicate another of President Barack Obama's top policy priorities: the fight against climate change.
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Obama struggling to win healthcare debate

President Barack Obama, normally a surefooted salesman, is struggling to convince Americans that the $1 trillion U.S. healthcare system overhaul he is pushing would be good for them.
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White House sees healthcare bill by year's end

Shrugging off delays in a divided Congress, President Barack Obama's administration on Friday said a sweeping healthcare overhaul would still be approved by year end to control costs and expand coverage.
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Freddie Mac June portfolio up, delinquencies jump

Freddie Mac (FRE.P)(FRE.N), the second-largest U.S. home funding company, said on Friday its mortgage investment portfolio grew by an annualized 9.3 percent rate in June, while delinquencies on loans it guarantees accelerated.
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Equities to sail higher to year end: chartists

Global equity markets will consolidate gains this summer with chartists predicting that a sharp rise since March has run its course for now, but technical signals have set the stage for another rally into year-end.
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Geithner: must be major change in regulation

U.S. Treasury Secretary Timothy Geithner said on Friday he was willing to work with lawmakers on shaping an overhaul of financial regulations but insisted major changes are necessary.
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Must be major change in regulation: Geithner

U.S. Treasury Secretary Timothy Geithner said on Friday he was willing to work with lawmakers on shaping an overhaul of financial regulations but insisted major changes are necessary.
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Bill Gates to India: Go high end on R&D

Billionaire Bill Gates on Friday urged India to move away from low-cost labor toward high-end research and development to keep its giant IT sector competitive.
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De Beers H1 profit tumbles, but no more loans needed

De Beers, the world's top diamond producer, said demand should pick up in the second half meaning it will not need more shareholder loans, when reporting tough markets had all but wiped out first-half profit.
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Banks kick commercial real estate loans down road

For the past six months or so, Wall Street has been bracing for what many fear may be the next shoe to drop on the already battered U.S. economy: a U.S. commercial real estate bust that could rival the housing market collapse.
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Vodafone reassures with uneventful Q1, shares rise

Vodafone , the world's largest mobile phone firm by revenues, reported a slight decline in quarterly organic sales in line with muted expectations and reiterated its full-year outlook, lifting its shares on Friday.
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World stocks push up to 9-month highs

World stocks pushed up to 9-month highs on Friday, cutting demand for government bonds as euro zone manufacturing and services reports beat expectations, fuelling optimism about economic recovery.
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Vodafone reports in-line sales, reiterates outlook

Vodafone , the world's largest mobile phone firm by revenues, reported a slight decline in organic sales, in line with muted market expectations, as strength in India and Africa compensated for European weakness.
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U.S. probes hedge fund manager Ribotsky: report

U.S. criminal authorities are probing whether Corey Ribotsky, Managing Member of NIR Group, a Roslyn, New York hedge-fund, defrauded investors about their returns and the holdings of his various funds, the Wall Street Journal reported, citing people familiar with the matter.
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Asia stocks run higher on upbeat data, earnings

Asian stocks hit a 10-month peak on Friday, with Hong Kong vaulting back to levels last seen before the collapse of Lehman Brothers as investors rushed into equities following upbeat corporate earnings around the world.

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