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Pakistan blasts kill 115 as Bhutto returns

A suspected suicide bomber killed 115 people on Friday in an attack targeting a vehicle carrying former Pakistani prime minister Benazir Bhutto through Karachi on her return from eight years in exile.

Factories, jobs raise worries over weakness

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The U.S. factory sector and the job market showed surprising weakness in data released on Thursday, raising concerns the Federal Reserve may need to deliver more interest rate cuts to shore up the economy.

$1 trillion green market seen by 2030

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Global sales from clean energy sources like wind, solar and geothermal power and biofuels could grow to as much as $1 trillion a year by 2030, U.S. bank Morgan Stanley has estimated.
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Wall Street drags on Bank of America

Financial companies led Wall Street lower on Thursday after a sharp drop in Bank of America Corp's earnings stoked worries about the extent the credit crunch has hurt the economy and profits.Bank of America, the No. 2 U.S. bank, said profit plummeted 32 percent as it took large write-downs for leveraged and other loans and recorded losses from structured products, including mortgage debt.
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Jobless claims up but economy still growing

The number of U.S. workers filing new claims for jobless aid shot up last week with its biggest increase in nine months, raising expectations the Federal Reserve will further reduce interest rates to stimulate the economy.
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Big Asia governments to stick to cheap fuel, for now

Asian governments from Indonesia to China to India are in no rush to eliminate domestic fuel subsidies by raising cheap local pump prices, officials said this week, even as crude oil rockets toward $100 a barrel.
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Tata Consultancy wins $1.2bln Nielsen contract

Tata Consultancy Services Ltd, India's top software services exporter, said on Thursday it had signed a contract with Nielsen Co worth $1.2 billion, sending its shares up nearly 2 percent.
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Giant Interactive launches $800 million IPO

Chinese online game developer Giant Interactive Group Inc was set to begin marketing a U.S. initial public offering on Thursday worth roughly $700-$800 million, sources familiar with the deal said, joining a record-breaking capital-raising push by Internet firms.
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Nike expects $1 billion China sales in year

Nike Inc sales in China are growing at over 50 percent annually and will reach $1 billion within a year, making the mainland its second largest market globally, Chief Executive Mark Parker said on Thursday.
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Wall Street drops as financials weigh

Stocks fell on Thursday as shares of financial services companies slid on concerns about the lingering effects of the credit crunch following Bank of America Corp's disappointing quarterly results. The No. 2 U.S. bank said profit plummeted 32 percent, dragging down shares of other big banks and renewing worries about the financial sector's outlook.
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Dollar slides as yen sold on stocks recovery

The dollar hit a two-week low against the yen on Thursday in the wake of data showing U.S. housing starts sank to a 14-year low last month, cranking up speculation that the Federal Reserve may cut interest rates.
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Oil eases above $87, OPEC in focus

Oil eased towards $87 on Thursday after Nigeria's energy minister raised the possibility OPEC may review output, reflecting its unease with record prices the United States says are of great concern to its economy.
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SEC probing Countrywide CEO stock sales: report

The Securities and Exchange Commission has opened an informal probe into stock sales by Countrywide Financial Corp Chief Executive Angelo Mozilo, the Wall Street Journal said on Wednesday.
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Sony to sell new 40GB PlayStation 3 in U.S.

Sony Corp will launch a cheaper model of its PlayStation 3 in the United States, hoping to attract more buyers as it goes up against rival game consoles from Microsoft and Nintendo this holiday.
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Putin says Iraq shows need for strong Russia

Russian President Vladimir Putin criticized the U.S.-led war in Iraq on Thursday, saying that experience showed the need for resource-rich countries like Russia to build up their armed forces to defend themselves.
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China summons U.S. envoy over Dalai Lama award

China slammed the United States on Thursday for awarding the Dalai Lama one of its highest honors and summoned the U.S. ambassador in Beijing to complain, saying its actions had "gravely undermined" relations.
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Turkey approves Iraq incursion plan, allies anxious

Turkey's parliament resoundingly approved a motion on Wednesday allowing troops to cross into northern Iraq to hunt down Kurdish rebels there, but its Western allies and Baghdad urged Ankara to refrain from military action.
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EBay posts loss on charge, but auctions strength

EBay Inc said on Wednesday it had a strong quarterly performance in auctions, masked by a big net loss due to a write-down, and that its full-year earnings would be at the top end of expectations.The third-quarter net loss of $936 million, or 69 cents per diluted share, compared with a year-ago profit of $281 million, or 20 cents per diluted share. The loss stemmed from a $1.39 billion write-down on eBay's takeover of Internet phone service Skype.

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