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US-EU trade deal is best stimulus: De Gucht

Europe's top trade official said Saturday that a proposed trans-Atlantic trade pact would be the best way to boost the sagging economies of both the United States and European Union.

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Struggling Gulf Air sacks staff as unions reject revamp

Bahrain's loss-making flag carrier Gulf Air, struggling against competition from other regional carriers, has embarked on a sweeping restructuring plan that has annoyed unions over heavy job cuts.

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Indias fiscal budget realistic, positive for ratings: Moodys

India's budget for the next fiscal year offers a "realistic" plan to meet the country's fiscal deficit target, and should be a credit positive for its sovereign ratings, Moody's Investor's Service said...

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Tech sector rides on rich list

America's technology sector remained a driving force for the world's billionaires, led by Microsoft's Bill Gates and other familiar names, a Forbes survey showed Monday.

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China puts focus on consumers to drive growth

China put its fast-growing consumer class at center-stage as outgoing Premier Wen Jiabao set out a reform plan on Tuesday to spread the fruits of economic growth more evenly in the country of 1.3 billion.

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Global food prices stable in February: UN agency

Global food prices remained stable in February from the previous month and wheat harvests are set to increase by 4.3 percentage points this year, the UN's food agency in Rome said on Thursday.

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Japans recession over, recovery eyed

Japan squeaked out of recession in the last quarter with modest growth that, analysts say, would provide a foundation for a strengthening economy.

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Australians warned of 'dramatic' budget plunge

Australian Treasurer Wayne Swan on Sunday warned of a "dramatic" hit to the government's bottom line due to commodity price falls, steeling voters for an austere budget in an election year.

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Argentina: HSBC helped launder money, evade taxes

Argentina's government on Monday accused the British banking giant HSBC of facilitating money laundering and tax evasion.

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Japan logs $8.1 billion trade deficit in February

Japan logged another trade deficit in February, this time of $8.1 billion according to data released Thursday, reversing a year-earlier surplus and underscoring the uncertain state of the world's...

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China, Japan, S. Korea open free trade talks

China, Japan and South Korea kicked off formal negotiations Tuesday on securing a free trade agreement to bind together three economies that account for around 20 percent of global GDP.

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World Bank links obesity to high food prices

Food prices have dropped since peaking six months ago but remain near record levels, pushing the world's poorest people toward "undernutrition" and obesity, the World Bank says.

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UPS to pay $40 million for illegal pharma shipments

UPS Friday agreed to forfeit $40 million and implement a compliance program after a Department of Justice probe found the company delivered drugs on behalf of illegal online pharmacies.

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Argentina presents conditions for debt repayment

Argentina has offered to repay under new conditions its debt to two New York hedge funds demanding a $1.33 billion payment for defaulted bonds.

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Panasonic 'investigated' in US for alleged bribes

The US government is investigating whether a unit of Japanese electronics giant Panasonic Corporation paid bribes abroad to ease business deals, The Wall Street Journal reported on Monday.

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Bernanke: US economy 'still far' from desired state

Federal Reserve Chairman Ben Bernanke said Monday that the US economy still has far to go to recover to an acceptable state of health.

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China records March trade deficit of $880 mn

China recorded a rare trade deficit in March, Customs authorities said on Wednesday, as imports exceeded exports by $880 million.

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EU, Japan begin trade talks looking for growth boost

The EU and Japan begin a first round of talks on Monday on one of the world's biggest free trade accords, part of a push to boost growth and get their faltering economies back on track.

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China's economy grew 7.7% in first quarter

China's economic growth slowed to 7.7 percent in the first quarter of this year, the government said on Monday, a shock result that came in below expectations.

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Online retailers under pressure with looming tax bill

The US Senate moved Monday toward expected approval of a bill that would subject online retailers to state sales taxes, cutting a advantage that helped them steal business from brick and mortar stores.

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G7 to confirm G20 currency stance, Bernanke unlikely to attend

Federal Reserve Chairman Ben Bernanke is unlikely to attend the Group of Seven finance leaders' meeting on the outskirts of London this weekend, a G7 official said.

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China police billions spell profit opportunity

Mannequins in riot gear, armoured cars and drones line a police equipment and "anti-terrorism technology" trade fair in Beijing as vendors seek to profit from China's huge internal security budget.

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Hollande signs bill legalizing gay marriage in France

French President Francois Hollande has signed same-sex marriage into law after the country's Constitutional Council dismissed a legal challenge to stop it. It follows months of political debate and...

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Japan's trade deficit expands 70% in April

Japan's trade deficit expanded a worse-than-expected 70 percent on year to $8.6 billion in April, government data showed Wednesday, as a weaker yen made imports costlier.

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Sony board examines hedge fund spin-off plan

Sony chief Kazuo Hirai said Wednesday the company was examining a hedge fund proposal to sell off part of its entertainment unit in a bid to boost profits in its core business.

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China retaliates despite calls to end trade row with EU

According to French newspaper Les Echo, China has launched a dumping probe against European chemical firms. The move follows EU punitive tariffs on China solar panels in an ongoing trade dispute.

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US says buyers 'critical' for Bangladesh garment safety

Under Secretary for Political Affairs Wendy Sherman visited Bangladesh, the world's second biggest garment maker after China, to urge the government to learn the lessons of a building collapse last...

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China to ban non-French 'champagne' copycats

China has agreed to limit the "champagne" label to only wines produced in the French region bearing that name, with a trade group welcoming the move as a boost for the beverage in a fast-growing market.

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Japan retains status as top creditor nation

Japan kept its position as the world's largest creditor nation for the 22nd straight year in 2012, government data showed Tuesday, as the dollar's gains helped inflate the value of overseas assets.

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OECD: Europe remains threat to world economy

The recession in Europe risks threatening the world's economic recovery, a leading international body warned Wednesday.

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EU faces tough decision on China solar panels

The European Commission faces a difficult choice Wednesday -- stick to its principles and impose anti-dumping duties on Chinese solar panel imports, or bow to German-led pressure and avoid a step many...

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EU slaps levies on Chinese solar panel imports

The European Union announced Tuesday that it is to impose anti-dumping levies on imports of Chinese solar panels, in a move that could trigger a trade war between two of the world's largest economies.

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China opens wine probe after EU imposes solar tariffs

Beijing has begun an anti-dumping probe into European wine, the commerce ministry said Wednesday, after the EU imposed tariffs on solar panel imports from China.

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China inflation slows to 2.1% in May

China's inflation slowed to 2.1 percent in May year-on-year from 2.4 percent in April, official data showed.

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Japan economy heats up in first quarter

Japan's economy expanded faster than previously thought in the first three months of the year, according to fresh data that was likely to boost support for Tokyo's efforts at stoking growth.

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EU ministers seek accord on US free trade talks

EU trade ministers try Friday to reassure France on its prized "cultural exception" so free trade talks can be opened next week with the United States which believes that no issues should be excluded.

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Japan's May trade deficit widens on import costs

Japan extended a string of trade deficits in May, official data showed on Wednesday, as the country's import costs rose on the weak yen, but shipments to the United States and China soared.

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EU, US resume trade talks despite spy scandal

The EU and United States resume talks Monday on the world's largest free-trade accord aiming to make progress despite damaging revelations of US spying on its allies.

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Boeing mulls sites for new plane after union rejection

US aerospace giant Boeing said Thursday it was reviewing site options to build its new 777X airplane after a key union rejected a contract extension at its Seattle base.

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Ukraine makes first gas payment to Russia ahead of Brussels talks

Russia's Energy Ministry has confirmed it received a $786.4 million (576.88 million euros) payment from Ukraine's Naftogaz. The installment is considered essential for both sides ahead of gas price...

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