GM accelerates alternative fuel goals 2008-05-02 07:11:01
General Motors is putting an unspecified amount of money into a company that turns plant waste into fuel as it plans to make half its cars ethanol-compatible by 2012.
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 GM keeps Toyota out of leading spot by lifting overseas market
GM drives $722m into red
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Microsoft undecided on next step in Yahoo bid 2008-05-01 10:09:01
Microsoft's board has after a protracted meeting failed to decide whether to sweeten its unsolicited bid for Yahoo, walk away from the deal or pursue a hostile takeover.
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The Yahoo ball is in Ballmer's court
Microsoft sticks to its guns on Yahoo offer
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Brazil generates buzz for European investors 2008-05-01 10:02:01
Investors, especially European ones, are flocking to Brazil, eager to get a piece of its booming economy as US and European markets slip into low gear.
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Brazil's pockets of slavery supply pig iron for steel
Bush to host Brazil business leaders
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Chavez honours 'working class' with wage hike 2008-05-01 10:02:01
President Hugo Chavez is raising Venezuela's minimum wage by 30 percent as inflation continues to soar in the oil-producing nation.
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Haiti wants in on Chavez's discount fuel program
Chavez's plans to nationalise strategic sectors rattle investors
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Toyota's new venture goes skyward 2008-04-30 12:57:01
Toyota Motor has decided to help Mitsubishi Heavy Industries develop and market a small passenger jet.
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Small IQ is proof of intelligent design
Toyota circles GM as tussle for top spot continues
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IMF staff rush to grab buyout offer 2008-04-30 09:00:01
The International Monetary Fund has a glut of employees seeking buyout packages as major voting and quota reforms loom.
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Food price spiral tops IMF, World Bank talks
IMF meets as global economy weakens
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BP and Shell post record earnings 2008-04-30 06:00:01
Shell and BP, Europe's two largest oil firms, yesterday posted record quarterly profits after crude and natural gas prices rose. Shell said first-quarter net income jumped 25 percent to $9.08 billion (R68.9 billion). BP's profit rose 63 percent to $7.62 billion.
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Deutsche Bank joins the scarlet ink brigade 2008-04-30 06:00:01
Deutsche Bank reported its first quarterly loss in five years yesterday after writing down the value of loans for leveraged buyouts and asset-backed securities by e2.7 billion (R32 billion).
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BMW feels the drag from financial crisis 2008-04-29 11:00:01
The global financial crisis has offset a rise in sales for luxury car group BMW as it reported leasing problems and difficulty in selling second-hand cars in the US market.
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BMW to beef up US plant
X5 helps propel BMW sales rise
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BP replacement costs keep pace with profit 2008-04-29 09:20:01
BP has reported a sharp jump in profits and replacement cost profit - considered the best measure of an oil company's underlying performance - have rocketed too.
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BP chief outlines restructuring plan
BP slides on news of management cut
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Buffett warns on decline 2008-04-29 06:00:01
The US economy was in a recession that would be deeper and longer than most people expected, billionaire Warren Buffett told CNBC yesterday.
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Norway's oil fund courts controversy with Exxon Mobil emissions vote 2008-04-29 06:00:01
Norway's $400 billion (R3 trillion) oil fund has won praise as setting the standard for sovereign wealth investors, but it sometimes preaches tougher ethics abroad than the government practises at home.
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Berkshire and Mars buy Wrigley for $23bn 2008-04-29 06:00:01
Mars has agreed to purchase Wm Wrigley Jr for $23 billion (R181 billion), with financing from Warren Buffett's Berkshire Hathaway, to combine the world's biggest maker of chewing gum with the producer of M&Ms; chocolates.
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The Yahoo ball is in Ballmer's court 2008-04-29 06:00:01
Microsoft chief executive Steve Ballmer is weighing a fight to oust Yahoo's board and pave the way for a takeover, after the internet company let his deadline pass without agreeing to a deal.
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EU takes steps to boost food supplies 2008-04-29 06:00:01
Adverse weather and speculators are helping to buoy food prices and the EU is taking steps to boost supply, according to Mariann Fischer Boel, the EU's commissioner for agriculture and rural development.
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RBS to axe 7 000 jobs in ABN Amro deal - report 2008-04-29 06:00:01
The Royal Bank of Scotland (RBS) could axe about 7 000 people as it absorbed ABN Amro's investment bank into its global markets division, the Financial Times reported yesterday.
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UK grocers, suppliers face new probe 2008-04-29 06:00:01
Consumer goods companies and more supermarkets confirmed yesterday that they had been contacted by Britain's consumer affairs watchdog following reports of a price-fixing investigation.
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Oil prices hit intraday record near 120 dollars 2008-04-28 06:30:01
World oil prices hit an intraday record near $120 a barrel on Monday after the shutdown of a major North Sea pipeline added to supply worries, analysts said.
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Qantas hikes air fares, citing fuel costs 2008-04-28 06:30:01
Australia's national airline Qantas will increase air fares from May 9 to counter the impact of rising fuel costs and protect its profitability.
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Egypt eyes $12 bln in tourism earnings by 2011 2008-04-26 16:00:01
Egypt hopes to boost its tourism earnings by 26 percent to $12 billion by 2011, the official MENA agency reported on Saturday.
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British oil and gas pipeline set to close over strike 2008-04-26 16:00:01
A North Sea pipeline which supplies around 40 percent of Britain's oil and gas will shut down within the next 24 hours because of a strike by refinery workers.
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Salary top reason why employees in Asia quit 2008-04-26 12:20:01
The top reason why employees in Asia quit is unhappiness with their pay, a study by a human resources firm said on Saturday.
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Bush to host Brazil business leaders 2008-04-26 12:20:01
US President George W. Bush will host top US and Brazilian business leaders on Monday as part of a year-old effort to promote two-way trade and investment.
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Microsoft deadline looms for Yahoo 2008-04-26 06:30:01
Microsoft's unwanted courtship of Yahoo hits a critical point as a deadline arrives for the struggling Internet pioneer to accept the software giant's $44.6 billion takeover offer.
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Wall Street shakes off weak consumer survey 2008-04-26 06:30:01
US stocks ended mostly higher as traders largely shook off a dismal consumer confidence reading and focused on signs that the credit crunch was easing.
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Kazakhstani entrepreneur has uranium at his fingertips 2008-04-27 06:00:01
Former cognac and car salesman Mukhtar Dzhakishev said he planned to triple production at the Ulba metallurgical plant in Oskemen, a formerly secret city south of Siberia known in Russian as Ust Kamenogorsk.
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Parents turning to kids for hand-outs 2008-04-25 17:46:01
British parents are turning to their grown-up children for financial hand-outs to pay off debts and ease their retirement, a survey shows.
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Tata gets EU approval for Jaguar buy 2008-04-25 12:19:01
The European Commission has given its blessing to Indian group Tata Motors' takeover of Jaguar and Land Rover from US carmaker Ford.
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Jaguar offers tough ride for Tata Motors
Ford expects Jaguar, Land Rover sale soon
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Airbus expects rise in Chinese A380 demand 2008-04-25 06:00:01
Airbus expects "substantial" demand for its A380 superjumbo in China as international traffic to megacities such as Shanghai increases.
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Barclays: March puts first-quarter profit 'well below' that of last year 2008-04-25 06:00:01
Barclays would report lower first-quarter earnings compared with the same period last year, after a particularly tough time last month, chief executive John Varley said yesterday.
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Overseas demand helps US weather slowdown 2008-04-25 06:00:01
Orders for US durable goods, excluding transportation equipment, rose more than forecast last month. This indicated that overseas demand may be helping factories weather the housing-led economic slowdown.
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Cost cuts drive Ford to earnings of $100m 2008-04-25 06:00:01
Ford Motor produced a profit of $100 million (R768 million) in the first quarter, in a surprise turnaround for the struggling company that had been mired in deep losses.
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Rice price almost trebles in three months to more than $1 000 a ton 2008-04-25 06:00:01
Benchmark Thai rice prices leapt more than 5 percent to a record high above $1 000 (R7 680) a ton yesterday and traders in the world's top exporter warned of further gains if buyers Iran and Indonesia enter the market.
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Debt crisis hits Credit Suisse with Sf2bn loss 2008-04-25 06:00:01
Credit Suisse Group yesterday reported its first quarterly loss in almost five years as it wrote down assets linked to deteriorating credit markets by Sf5.3 billion (R40.2 billion).
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VW at odds with union over Porsche takeover 2008-04-24 11:27:01
The head of Volkswagen has addressed shareholders to defend an eventual takeover by the sports car maker Porsche despite union protests.
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German state resists bid to change VW stature
VW targets emerging markets to set sales record
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BHP Billiton output rise bolsters bid 2008-04-24 06:00:01
BHP Billiton's third-quarter iron ore output rose 22 percent to a record, bolstering its hostile $170 billion (R1.3 trillion) bid for the Rio Tinto Group, the mining company said yesterday.
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Buffett on the prowl in Europe with $40bn 2008-04-24 06:00:01
Billionaire Warren Buffett, who will embark on a four-city European trip next month to meet with owners of family businesses, has for years been laying the groundwork for an acquisition in Europe.
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Emerging private equity flows despite crunch 2008-04-23 17:40:01
Private equity deals in established Western economies have almost dried up due to the credit crunch, but not so in emerging markets.
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Biggest Swiss bank gets new chair 2008-04-23 17:41:01
Shareholders of Switzerland's biggest bank have voted for a new chairman to replace Marcel Ospel.
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Boeing profits fly ahead of forecasts 2008-04-23 14:39:01
Boeing is off to a good start in what is expected to be another strong year of financial performance for the aircraft maker.
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Boeing soars above Airbus with 60 orders at Singapore Airshow
Boeing logs 1047 orders
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RBS reveals record £12bn rights issue 2008-04-23 06:00:01
Royal Bank of Scotland (RBS) has announced a record £12 billion (R183 billion) rights issue to cover a potential £5.9 billion write-down on the value of toxic assets and help rebuild a stretched balance sheet.
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Airline sector commits to emissions campaign 2008-04-22 14:00:01
Leading forces in the air transportation industry have agreed to adopt strategies against pollution to combat global warming.
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Green issues on radar screen at Iata talks
Airlines to fly back into black this year - Iata
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Disputes stall Zimbabwe tobacco auctions 2008-04-22 14:00:01
Zimbabwe's tobacco marketing season failed to take off as scheduled for the second year running amid price wrangling between farmers and buyers.
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Zimbabwe tobacco farmers move to beat inflation
Gloomy tobacco harvest looms for Zimbabwe
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Opec output hike is years away 2008-04-22 13:00:01
The Organisation of Petroleum Exporting Countries will increase output, but only in four years time, the cartel's secretary general says.
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Ouput can stay as is, says Opec
Iran says oil at $115 a barrel is too low
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Shell invokes emergency clause 2008-04-22 11:23:01
Shell may not be able to honour short-term contracts following attacks on two of its key pipelines in the Niger Delta.
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Shell winning reserves race
Shell warns on refinery output
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Days of cheap food are gone 2008-04-22 09:15:01
The Asian Development Bank says food prices will never return to the levels the world became used to, even if the economic factors driving prices are eased.
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Refocus on food prices, warn Lamy and Annan
Food price spiral overturns trade barriers
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Profit dives 77% at Bank of America 2008-04-22 06:00:01
Bank of America profit plummeted 77 percent as job losses and falling house prices caused more of its customers to miss payments on credit cards and home loans, the second-largest US bank said yesterday.
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£50bn plan to free up mortgages in Britain 2008-04-22 06:00:01
The Bank of England announced a £50 billion (R770 billion) plan yesterday to free up Britain's home loan market in one of the biggest moves by a central bank to combat the global credit crunch.
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