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HK stocks may open lower as oil prices hit record

HK stocks may open lower as oil prices hit record

Hong Kong stocks are expected to open lower on Thursday, pressured by a surge in oil prices on fears turmoil in Libya could spread to other oil exporters in the region, and declines in global markets.
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Saudi king back home, orders $37 bln in handouts

Saudi King Abdullah returned home on Wednesday after a three-month medical absence and unveiled benefits for Saudis worth some $37 billion (23 billion pounds) in an apparent bid to insulate the world's top oil exporter from an Arab protest wave.
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U.S. stocks plunge, oil prices surge, on Libyan concerns

U.S. stocks plunged and oil prices surged on growing fears that Libya may descend into a civil war after Colonel Moammar Gaddafi warned that he would never give up his power and would rather die a “martyr.” The concerns about Libya vastly overshadowed some surprisingly good consumer confidence data in the U.S.
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S.African stocks hit by Libyan unrest, rand firms

South African resource-heavy stocks slipped on Tuesday as Libyan unrest prompted an equities sell-off while the rand firmed against the dollar, recovering from earlier losses as better-than-expected GDP data boosted the currency.
Pfizer, BYU Go To Court In May, Celebrex and Millions Of Dollars At Stake

Pfizer settles remaining Nigeria, US Trovan suits

Pfizer Inc said it has settled all outstanding lawsuits involving accusations that it tested the experimental antibiotic Trovan on children in Nigeria during a 1996 meningitis outbreak without receiving adequate prior consent.
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Medtronic trims 2011 view, to cut up to 2,000 jobs

Medtronic Inc (MDT.N) cut its full-year earnings forecast, hampered by weakness in key medical device markets, and said it would eliminate up to 2,000 jobs, sending its shares down 2 percent. The world's largest medical device maker has struggled with slow sales as patients postponed treatments in the global

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