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Angelina Jolie visits Iraq refugees

Hollywood star Angelina Jolie on Tuesday traveled to Iraq and appealed for more international support for the millions of people uprooted by war and violence.

Maybank Q4 profit up 28 pct, beats forecasts

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Malaysia's biggest listed firm, Malayan Banking, posted a better-than-expected 28 percent rise in fourth-quarter profit on Wednesday, helped by growth in net interest, insurance and credit card income.
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Housing crisis keeps buyers on sidelines

For some prospective home buyers in Southern California, the effect of the U.S. mortgage crisis has been to keep them on the sidelines of the home market, wary of stepping in for fear prices will fall further.
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Don't let your boss catch you reading this

Walk into any large office, and you will most likely hear the telltale computer bleeps of chat programs and online games, accompanied by furious mouse-clicking. Employees may seem busy, but many are wasting time on the Internet, or cyberslacking.
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Nokia wades into new music, gaming services

Nokia, the world's top mobile phone maker, unveiled on Wednesday a new online music store, new top-end handsets and a global gaming service as it takes on recent rival U.S. rival Apple.
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Subprime inflicts new damage as banks seek cash

New evidence of damage wrought by the U.S. mortgage sector surfaced in the United States and Europe on Wednesday while banks demanded a record amount of cash at a euro zone money market auction.
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Home loan demand slumps despite lower rates

U.S. mortgage applications fell for a second consecutive week, reflecting a drop in demand for home purchase and refinancing loans even as interest rates sank, an industry group said on Wednesday.
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Oil inches up as investors watch economy

Oil edged higher on Wednesday as investors balanced concern over the health of the U.S. economy against the prospect of declining fuel stocks in the world's top consumer.
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Investors swing between fears and opportunities

Prospects that U.S. equity markets would bounce back on Wednesday after two days of falls lifted European markets, suppressing fears about weakness in the U.S. economy and global financial system.
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Tokyo shares tumble as stronger yen takes toll

Japanese stocks hit their lowest close in a week after earlier falling by nearly 3 percent as a strong yen sparked sales of exporters such as Sony Corp after fears about the U.S. economy set off a Wall Street tumble.
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Ex-Goldman analyst pleads guilty to insider trading

A former Goldman Sachs Group Inc bond analyst pleaded guilty on Tuesday to helping lead a far-flung insider trading scheme involving tips about pending mergers and stolen copies of BusinessWeek magazine that netted more than $6.7 million in illicit gains.
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Biggest drop in consumer confidence since Katrina

U.S. consumer sentiment took its sharpest plunge in nearly two years during August while home prices swooned in the second quarter, according to reports that show a heavy toll from the housing crisis.
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Mexico's economy expanded 2.5 pct in June

Mexico's economy, hobbled in recent months by a U.S. slowdown and less demand for exports, expanded 2.5 percent in June from the same month last year, modestly less than analysts had forecast in a Reuters poll.
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Seagate says had no buy offer from Chinese firm

Seagate Technology, the world's largest maker of disk drives, has dashed speculation that a Chinese firm wanted to buy the firm, saying it had received no such offer and had no intention of selling.
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Poverty rate down but fewer have health insurance

The U.S. poverty rate fell for the first time this decade but more people are living without health insurance and the bulk of the nation's poor are children, government data released on Tuesday showed.
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Economy, credit worries drive Wall St down sharply

U.S. stock indexes tumbled more than 2 percent on Tuesday after Merrill Lynch warned that ailing credit markets will hurt bank profits, while reports showing eroding consumer confidence and falling home prices added to concerns about the economy.
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House prices suffer worst fall since 1987: index

House prices suffered their worst decline since at least 1987 in the second quarter from a year earlier as the housing downturn has deepened, according to the S&P/Case-Shiller U.S. National Home Price Index.
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SIVs, next shoe to drop in global credit crisis?

Wall Street should keep its eye on a little-known coterie of investment companies run by European banks called structured investment vehicles, or SIVs, which are having a tough time raising short-term funding.
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U.S. small businesses less upbeat on economy-poll

Economic confidence among U.S. small business owners fell in August as a slowing housing market soured sentiment, and 41 percent said they had recent cash flow troubles, according to a survey released on Monday.
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Tokyo shares edge down as firmer yen hurts exporters

Tokyo shares slipped in thin trade on Tuesday as investors watchful of currency moves sold Toyota Motor Corp and other exporters on a stronger yen, and banks and brokerage firms fell after their U.S. peers slipped the previous session.

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