IBT Staff Reporter

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Australian PM wins Greens support in govt bid

Australian Prime Minister Julia Gillard forged an alliance with the Greens party on Wednesday to take her party closer to forming a government, but vowed not to allow the deal to change her plans for a tax on miners' profits.

Wall Street futures signal higher open

Stock futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 rise 0.3 to 0.7 percent, pointing to a firmer start on Wall Street on Wednesday.

Retailers to submit bids for Carrefour Asia - sources

Retailers from Europe and Southeast Asia are expected to submit bids for Carrefour SA's roughly $1 billion (650 million pounds)-worth of Asian assets, with first-round offers due on Wednesday, sources said, in what is turning out to be a robust auction.

Chinese manufacturing snaps out of slowdown

China's manufacturing economy staged a moderate rebound in August after slowing for several months under the onslaught of government measures to rein in credit and deter property speculation.

Asia stocks rise on China manufacturing rebound

Asian stocks rose on Wednesday as investors cheered a manufacturing rebound in China and rosier-than-expected Australian growth, which halted the yen's advance toward a 15-year peak against the dollar.

Asia stocks gain as yen nears 15-year high

Asian stocks rose on Wednesday as investors cheered a manufacturing rebound in China and stronger-than-expected growth in Australia, while the yen inched up towards a 15-year peak against the dollar.

Gold rally halts, likely to climb back

Gold dropped from a two-month high in Asian trade Wednesday but likely to regain momentum on new reports of improving consumer confidence and home sales in the US.

Obama - Time to turn the page in Iraq

President Barack Obama declared an end to the seven-year U.S. combat mission in Iraq on Tuesday and promised recession-weary Americans my central responsibility now is to repair the U.S. economy.

Burger King been considering sale: source

Burger King Holdings Inc, the No. 2 U.S. hamburger chain, has been considering a possible sale and has held talks with potential buyers, a source familiar with the situation said on Wednesday.

China manufacturing picks up, India going strong

China's manufacturing sector regained some momentum in August while India and Russia continued to power ahead, cheering investors in the face of signs that sputtering U.S. recovery was cooling global demand.

Mexicans hope drug lord's arrest may turn tide

Mexico paraded one of its most violent drug lords on Tuesday after a police raid that President Felipe Calderon's government hopes will mark a breakthrough in its campaign against powerful cartels.

Jewish settler killings blight new Mideast talks

The Palestinian Islamist group Hamas claimed responsibility for killing four Jewish settlers in the West Bank in an attack that blighted a Middle East peace summit before it even began in Washington Wednesday.

Time to turn the page in Iraq says Obama

President Barack Obama declared an end to the seven-year U.S. combat mission in Iraq on Tuesday and told war-weary Americans his central responsibility now is to restore the sagging U.S. economy.

Hurricane Earl could sideswipe U.S. East Coast

Powerful Hurricane Earl churned towards the eastern U.S. seaboard on Tuesday and looked to sideswipe the densely populated coast from North Carolina to New England, the U.S. National Hurricane Centre said.

Bidding wars, scrapped holidays herald M&A pickup

August's unseasonable burst of dealmaking -- the busiest in over a decade -- could herald a wider rebound in M&A for the remainder of the year as low interest rates, record cash piles and low stock-market values encourage chief executives to strike deals.

Saskatchewan concerned about China Potash Corp buy

The Canadian province of Saskatchewan, home of takeover target Potash Corp , would have lots of concerns about a Chinese sovereign fund or state-owned company buying part or all of the company, Energy Minister Bill Boyd said on Tuesday.

Fed mulls stimulus if outlook worsens appreciably

The outlook for the U.S. economy would have to deteriorate appreciably to spur fresh support from the Federal Reserve, according to minutes of the central bank's last policy meeting released on Tuesday.

Dutch hold two men on terrorism suspicion

Dutch authorities have detained two Yemeni men at Amsterdam's Schiphol airport on suspicion of terrorist conspiracy, though a U.S. official on Tuesday cast doubt that they were part of a terrorism plot.

Four Israelis killed on eve of Mideast summit

Four Israeli settlers were shot dead in the occupied West Bank on Tuesday in an attack that Islamist Palestinian group Hamas said was its first assault on Middle East peace talks due to start on Wednesday in Washington.

Occidental's Irani to retire as CEO in 2011: report

Ray Irani, who has been criticized for excessive pay, plans to announce his retirement date as chief executive officer of Occidental Petroleum Corp at a board meeting in October, the Wall Street Journal reported on Tuesday.

Hurricane Earl could sideswipe East Coast

Powerful Hurricane Earl churned towards the eastern U.S. seaboard Tuesday and looked to sideswipe the densely populated coast from North Carolina to New England, the U.S. National Hurricane Centre said.

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