Breaking Finance news
Dwindling mines spell hot times for copper
With demand set to outstrip supply, the price of the red metal can only move higher
Categories: Finance
Druckenmiller exit marks end of era
Ranked among the world’s most successful macro hedge fund managers, his retirement could signal a parade of similar departures
Categories: Finance
Grim struggle continues for Iraqi refugees
Nearly a decade after Saddam Hussein’s downfall supposedly opened a new era for Iraq, more than 1.5m of the country’s people are scattered across the globe as refugees from their homeland’s turmoil
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Clegg vows to break entrenched class structures
Nick Clegg has pledged to break Britain’s entrenched class structures and ‘improve people’s lives’ without resorting to the handouts from the state preferred by Labour
Categories: Finance
US matches Indian call centre costs
Call centre workers are becoming as cheap to hire in the US as they are in India, according to the head of the country’s largest business process outsourcing company
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Renewed hopes for recovery stiffen resolve
Global Markets Overview: A levelling of economic expectations, helped by a possible stimulus package in Japan and continuing industrial growth in the US, has given backbone to risk-takers
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Earnings good, outlook upbeat ... markets gloomy
Companies with profits ahead of analyst forecasts are nevertheless seeing share prices stagnate
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Accounting change set to burden companies
Retailers, airlines and ship operators can expect to assume billions of dollars more liabilities on their balance sheets as the result of a radical overhaul of lease accounting
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Potash rejects $39bn approach by BHP
World’s largest fertiliser producer rejects $38.6bn takeover approach from BHP Billiton, in the latest stage in the rapid consolidation of the fragmented fertiliser industry
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Pakistan farmers defy floods to guard homes
While millions have been forced to flee their homes by the worst floods in Pakistan’s history, thousands of men are braving the rising waters to protect their homes from a man-made menace: river bandits intent on exploiting the chaos
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Iraqis question security after recruits bombed
A suicide bombing at an Iraqi army recruitment centre in Baghdad has killed at least 57 people and injured many more in one of the bloodiest attacks in weeks as political tensions simmer
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Agricultural traders positioned to reap gains
As US farmers reap the benefits from failing crops around the world, the traders that handle the country’s grain exports will cash in too
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Israel in new storm over Facebook images
The Israeli army is facing fresh controversy after more private pictures emerged of soldiers posing next to bound and blind-folded Palestinian prisoners
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Inflation rate falls to 3.1% in July
Inflation fell to 3.1 per cent in July but remained more than one percentage point above the Bank of England’s target, forcing Mervyn King to write to George Osborne for the second time to explain why inflation is so high
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Aviva investors call for RSA offer talks
Leading Aviva shareholders are pressing for the UK insurer to negotiate after it dismissed RSA’s £5bn offer for its general insurance business out of hand
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Chinese economy eclipses Japan’s
The Chinese economy eclipsed the Japanese economy in size in the second quarter after Tokyo unveiled poorer than expected economic growth figures for the period
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Online video group Hulu tests appetite for IPO
Hulu is preparing to file for an initial public offering in the late autumn, valuing the US online video company at around $2bn, in what could be the biggest media and internet offering this year, people familiar with the plan said
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Merkel to stick with cuts despite growth
The German chancellor is sticking with plans to cut public spending and hold off tax cuts even amid evidence the economy this year could expand at twice the rate last forecast
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BP raises $5bn in loans from oil revenue
BP has raised $5bn in new loans by pledging revenues from oil sales for the first time in a bid to bolster its liquidity following the Gulf of Mexico spill
Categories: Finance
Vedanta under fire over Orissa mine
Plans by India's largest mining company to build a controversial bauxite mine in the eastern state suffered a serious setback when a government panel accused it of ‘total contempt for the law’ and recommended against giving permission for the mine to go ahead
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