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BHP seeks partner for Alcoa bid: report

BHP Billiton Ltd/Plc, the world's biggest miner, is in talks with private equity firms to team up for a possible $40 billion bid for U.S. aluminum company Alcoa Inc., the Times said on Tuesday.

China's trade surplus soars to record in June

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China posted a record trade surplus of $26.9 billion in June as exporters rushed shipments ahead of tax rebate cuts, handing more ammunition to critics who say Beijing's weak currency gives it an unfair trade advantage.
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Banks losing up to $52 bln over subprime

Credit Suisse analysts estimated banks could lose up to $52 billion over time due to their exposure to collateralized debt obligations that invested in U.S. subprime mortgages.
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Sony slashes PS3 price

Sony Corp. slashed the price of its next-generation Playstation 3 game console late Sunday as it attempts to regain market share lost to rivals Microsoft and Nintendo.
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Sony cuts price on PlayStation 3 by $100

Sony Corp. cut the price of the PlayStation 3 by $100, or 17 percent, in the United States on Monday, a move that should boost the video game console's lackluster sales.
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Oil eases from 11-month high, supply worries

Oil prices edged lower on Monday after reaching an 11-month high late last week, as light post-weekend profit-taking was limited by concerns over U.S. fuel supplies, Nigerian crude shipments and North Sea maintenance.
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Chevy drives speedy GM Europe H1 sales growth

General Motors sales outgrew the broader European car market in the first half as a surge in demand for its Korean-built Chevrolet brand cars offset a hefty decline in Saab sales, the automaker said on Monday.
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Stocks may rise as earnings season starts

U.S. stocks could rise this week if the first wave of quarterly earnings inject optimism about results for the period and on economic growth that has surprised on the upside.
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Nikkei up as Fanuc gains on machinery data

A stronger-than-expected reading on Japanese machinery orders pushed up machinery stocks such as industrial robot maker Fanuc Ltd. on Monday, sending the Nikkei average 0.55 percent higher.
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Mom and pop to buy more global stocks: study

Rubles, rupees and renminbis will be a much bigger part of mom and pop's portfolio in less than 10 years as consumers become more tolerant of risk-taking and more knowledgeable about global economies, according to a study released on Monday.
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VW mulls N. America plant due to dollar weakness

Volkswagen, the world's fourth-largest carmaker, is considering building a new North American factory if the dollar stays weak, Chief Executive Martin Winterkorn said in an interview with German magazine Focus.
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Hilton's Rich Deal

Blackstone's big payout for the hotel chain shows buyout firms are still confident about debt financing for the right properties.
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Oil hits 11-month high above $76 a barrel

Oil surged to an 11-month high above $76 a barrel on Friday, closing in on the all-time record as Nigerian disruptions and OPEC output cuts stirred supply concerns amid rising U.S. refiner demand.
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Dollar falls as payrolls rally runs out of steam

The dollar fell against the euro on Friday after an unexpectedly strong U.S. jobs report failed to change views that U.S. interest rates will stay on hold this year while overseas rates rise.
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Anheuser-Busch bets on fast growth in India, China

U.S. brewer Anheuser-Busch Cos. Inc. is betting rising incomes and an aspiring middle-class in countries such as India and China will boost its international revenues, a senior company official said on Friday.
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Investors eye U.S. jobs data for rate hint

Financial markets focused on Friday on upcoming U.S. jobs data for a guide to the path of interest rates, leaving stocks mixed, the dollar clinging on to recent gains and bonds weaker.

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