Business
Updated over 1 year ago
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Anglo American Plc, the third- largest producer of steelmaking coal, is seeking an acquisition that may more than double existing output to meet rising demand from India and China.
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Vestas Wind Systems A/S, the biggest wind-turbine maker, may have to cut its forecasts a third time this year as banks curb loans for wind farms and its competitors gain market share, the top-ranked money manager said.
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Investors are betting Prime Minister Recep Tayyip Erdogan will strengthen his hold on power at a nationwide referendum next week as stocks soar to a record high.
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Ukraine may revive plans to sell Eurobonds this year if investors accept yields of less than 7 percent for seven-year maturities, Prime Minister Mykola Azarov said in an interview.
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Hurricane Earl passed off the Outer Banks of North Carolina and headed toward New England and Nova Scotia packing winds of 105 miles (165 kilometers) an hour after weakening overnight.
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U.K. services growth slowed more than economists forecast in August, suggesting Britain’s economic recovery may be starting to flag.
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Stocks advanced for a third day and U.S. index futures fluctuated before a U.S. jobs report that economists predict will show private employers hired 40,000 workers. Wheat gained as Russia extended a ban on exports.
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Shares in Ping An Insurance (Group) Co. climbed after TPG Capital’s Asian unit sold the remainder of its stake in China’s second-biggest insurer.
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Pakistan’s army is struggling to provide relief for flooding victims without creating greater long-term dependency on aid, officials told President Barack Obama’s top military adviser.
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Samsung Electronics Co. and Toshiba Corp. unveiled tablet computers in Berlin yesterday, aiming to take market share from Apple Inc.’s iPad with their lower-priced “me-too” devices.
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European stocks rose, with the Stoxx Europe 600 Index heading for its biggest weekly gain since July, as investors awaited the monthly U.S. payrolls report. Asian shares rose while U.S. index futures fluctuated.
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Romanian Prime Minister Emil Boc ousted his finance and economy ministers as he faces a confidence vote after raising taxes and slashing public-employee pay to qualify for international aid.
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New York University Professor Nouriel Roubini said the dollar, the yen and the Swiss franc may be a better investment than gold if the world economy slips back into recession.
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BP Plc said the cost of its response to the Gulf of Mexico oil spill, the worst in U.S. history, has reached about $8 billion.
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Asian and European stocks rose as a surprisingly positive increase in pending U.S. home sales lifted confidence in the world’s largest economy. Japanese bonds dropped while the South Korean won strengthened.
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British companies are beating the world in the bond market as investors bet Prime Minister David Cameron’s efforts to tame the budget deficit will preserve the U.K.’s top credit rating.
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Philippine President Benigno Aquino said today he takes full responsibility for the outcome of the bus siege that killed eight members of a Hong Kong tour group.
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Russian crude’s unprecedented premium to North Sea Brent is vanishing as European refiners switch to higher-value blends and scale back purchases to protect their profits.
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European stocks rose, with the Stoxx Europe 600 Index extending the biggest weekly gain since July, as investors awaited the monthly U.S. payrolls report. Asian shares advanced while U.S. index futures were little changed.
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Sumitomo Corp., Japan’s third- largest trading company, plans to increase investments in energy assets by 50 percent in five years amid a boom in shale-gas exploration.
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European stocks pared their advance as food and beverage companies declined. The Stoxx Europe 600 Index rose 0.1 percent to 258.48 at 8:27 a.m. in London, having earlier climbed as much as 0.4 percent.
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Robert Plant is back. The Led Zeppelin star is reviving the ghost of his old group and paying homage to Americana in one of 2010’s must-see shows.
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Japan’s economy probably grew more than three times the government’s initial estimate, economists said after a report showed companies cut spending at the slowest pace since 2007 as a result of strong overseas demand.
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New York University Professor Nouriel Roubini said the dollar, the yen and the Swiss franc may be a better investment than gold if the world economy slips back into recession.
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Tropical storm warnings were issued for parts of the New England coast as Hurricane Earl, which weakened to Category 2 strength, continued to move north near the U.S. eastern seaboard.
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Japanese bonds fell, completing the biggest weekly loss since May 2008, on concern a government led by Ichiro Ozawa will boost debt-fueled spending and as capital expenditure data bolstered demand for higher-yielding assets.
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Goldcorp Inc., the second-biggest Canadian gold producer by market value, agreed to buy Andean Resources Ltd. for about C$3.6 billion ($3.4 billion) in cash and stock, trumping an all-share bid from Eldorado Gold Corp.
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U.S. officials are investigating the cause of a fire yesterday on a Mariner Energy Inc. oil and natural-gas platform in the Gulf of Mexico that initially drew parallels with the BP Plc spill disaster.
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A “bubble” in fixed-income markets is set to burst and will drive funds into stocks, according to Axa Framlington, which oversees $30 billion in global assets.
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Islamic bonds lost to emerging- market debt for the fourth month in August and fund managers say returns won’t catch up until trading increases and Persian Gulf companies restructure their debt.
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