Browsing Category News
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Russia opposes Syria’s suspension from Arab League
Russia opposes the Arab League’s decision to suspend Syria and believes Western nations are inciting opponents of President Bashar al-Assad to seek his removal, Foreign Minister ... -
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Photovoltaics attracts investors
Photovoltaics is a term that is used to describe the technology required to convert sunshine into electricity that can be stored and ultimately used as an energy source for a numbe... -
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Berlusconi vows reforms, wants early election
Prime Minister Silvio Berlusconi on Wednesday confirmed he would resign after implementing urgent economic reforms demanded by the European Union, and said Italy must then hold an ... -
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Dynegy Holdings files for bankruptcy
US-based electricity company Dynegy said that its Dynegy Holdings unit and four of its wholly owned subsidiaries had filed for Chapter 11 bankruptcy late on Monday. The Houston pow... -
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Anglo American ups De Beers stake for $5.1bn
Mining giant Anglo American has agreed to purchase Oppenheimer family’s 40 percent stake in diamond minor De Beers for $5.1bn in cash. The deal with CHL Group, which represents t... -
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Russia to join WTO; aid to Athens suspended
Late on Wednesday Russia reached an agreement with Georgia on a bilateral trade deal which will open the door for Moscow’s entry into the World Trade Organisation, said the count... -
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Greeks to consider Europe bailout plan
Greece’s Prime Minister Georgios Papandreou remained determined on Wednesday to consult his people on the European rescue package that was reached at last week’s EU summit. Pap... -
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Nomura plans $1.2bn cost cut after 3Q $590m loss
Tokyo-based investment bank Nomura Holdings on Tuesday announced a larger than anticipated quarterly loss, according to a company statement. The country’s largest brokerage by re... -
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Sarkozy aide: No China concessions to invest in EFSF
Europe will not offer China concessions in exchange for contributions to the eurozone’s beefed-up bailout fund, an advisor to French President Nicolas Sarkozy said on Monday. Eur... -
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Europe looks to China for bailout funds
European officials responsible for the eurozone bailout fund commenced discussions on Friday with China to involve them in the EU rescue plan. The European Financial Stability is h...
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