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HSBC may rethink U.S. credit cards

Europe's biggest bank HSBC Holdings said business will remain challenging for much of 2010 and it may not keep its U.S. credit card arm if the problems facing the business intensify.

OPEC set to keep output steady after oil price rise

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OPEC ministers are expected to make no change to oil supply when they meet in Vienna next week as higher prices ease their concerns about overflowing fuel inventories and the deepest fall in demand for years.

Magna gets early nod in race for GM's Opel

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Magna International emerged on Friday as the early favorite to acquire General Motors unit Opel after German officials said the Canadian car parts group had submitted a better plan than rival bidders Fiat and RHJ .
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Potential BGI sale trumps buy-out bid for iShares

British bank Barclays has sidelined private equity houses bidding for iShares, its exchange-traded fund unit, and is looking to sell its entire asset management arm instead if offers approach $12 billion.
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Ethanol industry sees havoc in land-use formula

The U.S. biofuels industry would be hamstrung if government regulators choose to use unfair and untested formulas that hold it responsible for greenhouse gases from crops overseas, ethanol groups said on Thursday.
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Capcom to unveil more iPhone titles

Japanese video game maker Capcom Co Ltd said it plans to launch more than 10 titles for Apple Inc's highly popular iPhone in the year to March, cashing in on growing demand for mobile gaming.
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Moody's reassurance and Sears power stock futures

Stocks headed for a higher open on Friday as reassuring comments from Moody's tempered fears about the credit rating outlook for the United States, while higher oil prices lifted energy shares like Exxon Mobil.
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EBay wins UK court battle with L'Oreal

EBay has won a UK court battle against French cosmetics group L'Oreal, which had claimed the online marketplace was jointly liable for trademark infringements committed by its users.
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OECD says world economy out of free fall

World economic grouping OECD said on Monday the global economy had come out of free fall, offering hope of incipient recovery late this year to investors and markets unnerved by rising U.S. government debt.
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EBay wins UK court battle vs L'Oreal

EBay has won a UK court battle against French cosmetics group L'Oreal which had claimed the online marketplace was jointly liable for trademark infringements committed by its users.
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Stock futures rise as Moody's reassures, Sears jumps

Stock index futures rose on Friday as reassuring comments from Moody's eased fears about the credit rating outlook for the United States, and oil prices bounced higher, lifting energy shares like Exxon Mobil.
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OECD sees chance of 2009 global recovery

The pace of contraction in world economic output appears to be easing and recovery could begin at the end of this year, Organization for Economic Development and Cooperation chief Angel Gurria said on Friday.
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State leader says Magna's Opel bid most attractive

The premier of Opel's home state of Hesse said on Friday that Canadian-Austrian group Magna's offer for the carmaker was the most attractive for Germany and that Fiat's rival bid was a disappointment.
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Oil up above $61 as China's demand rebounds

Oil firmed above $61 on Friday as fundamental support came from consumer nations such as China, the United States and Africa's top producer Nigeria after weeks of equity-led rallies.
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Stock futures signal gains; GM eyed

Stock index futures pointed to a higher open on Wall Street on Friday, after the previous session's sell-off, with General Motors in focus after sources said Washington has no plans to push the troubled carmaker into bankruptcy.
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Oil steady above $61, off 6-month peak on weak U.S. data

Oil hovered above $61 a barrel on Friday, off six-month highs the previous day, as disappointing jobs and factory data dented hopes that the economy of the United States, the world's top energy user, was set for a quick rebound.
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Dollar hits '09 low on rating fears; stocks dip

The dollar fell to a 2009 low on Friday as fears intensified that the United States could lose its triple-A rating, while renewed caution about the world economy and banks prompted Asian and European stocks to slip.
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KKR eyes role in U.S. stimulus package: report

Kohlberg Kravis Roberts & Co may take advantage of the U.S. government's infrastructure stimulus plan but is not as keen on buying banks or their troubled assets, the private equity firm's co-founders Henry Kravis and George Roberts told the Financial Times.
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Dollar extends fall, Asian share rally wanes

The dollar fell on Friday to its weakest level in five months against major currencies on fears that the United States would lose its AAA rating, while Asian stocks skidded on fears that any recovery in the global economy will be sluggish.
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PIMCO's Gross: U.S. at risk of losing top AAA rating

Bill Gross, manager of the world's biggest bond fund, warned on Thursday the United States will eventually lose its top AAA credit rating, a fear that had already spooked financial markets on Thursday and could keep the dollar, stocks and bonds under heavy selling pressure.
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Dollar extends slide but Asian stocks gain

The dollar fell on Friday to its weakest in almost five months against major currencies on investor worries that the United States would lose its AAA rating, though Asian stocks headed for a solid weekly gain.
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Federal judge weighs DVD copying case

A Federal District Court judge in California weighed arguments in a contentious DVD copyright case between Hollywood movie companies and RealNetworks Inc on Thursday, but did not indicate when she might rule.
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U.S. to steer GM toward bankruptcy: report

The Obama administration is preparing to steer General Motors Corp into bankruptcy next week, The Washington Post reported on Thursday, citing sources familiar with the discussions.

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