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Four banks face trial over derivatives deals

Four banks were charged with fraud on Wednesday for their roles in a €1.7bn ($2.3bn) financing package for the Italian city of Milan in a case that will fuel the global debate about the use of complex derivatives.

19 2010 | Viewed: 615 | News / Theme of day | Read full
Oil groups urge Indian wealth fund

India is facing demands from the local state-owned oil industry to create the country's first sovereign wealth fund to compete with China in the race to secure global energy assets, according to government and industry officials.

19 2010 | Viewed: 522 | News / Theme of day | Read full
Wall Street hits fresh 17-month high after Fed

(Reuters) - Stocks rose to a fresh 17-month high on Tuesday after the Federal Reserve held benchmark rates near zero and maintained its pledge to keep them low for an extended period.

17 2010 | Viewed: 506 | News / Theme of day | Read full
Facebook becomes bigger hit than Google

Social networking website Facebook has capped a year of phenomenal growth by overtaking Google's popularity among US internet users, with industry data showing it has scored more visits on its home page than the search engine.

17 2010 | Viewed: 671 | News / Theme of day | Read full
Sen Dodd boosts Fed in new financial reforms

(Reuters) - The Federal Reserve would take on a greatly expanded role in financial regulation under new legislation unveiled on Monday by a top Senate Democrat, in a push to move ahead with the regulatory reform that has been a top priority of President Barack Obama.

17 2010 | Viewed: 527 | News / Theme of day | Read full
Russia corruption "may force Western firms to quit"

(Reuters) - Extortion by corrupt officials in Russia has got so bad that some Western multinationals are considering pulling out altogether, the head of a U.S. anti-bribery group said in an interview.

17 2010 | Viewed: 452 | News / Theme of day | Read full
U.S. to roll out major broadband policy

(Reuters) - U.S. regulators will announce a major Internet policy this week to revolutionize how Americans communicate and play, proposing a dramatic increase in broadband speeds that could let people download a high-definition film in minutes instead of hours.

17 2010 | Viewed: 509 | News / Theme of day | Read full
BP to pay Devon $7 billion for oil fields

(Reuters) - London-based oil major BP has agreed to buy Brazilian, Azeri and Gulf of Mexico assets from Devon Energy for $7 billion, as the U.S. producer refocuses on onshore U.S. fields.

13 2010 | Viewed: 590 | News / Theme of day | Read full
US suspended BAE Systems licences

Washington is likely to allow the US subsidiary of BAE Systems to obtain export licences as before, following the UK defence group's $400m (267m) plea agreement over bribery allegations, a State Department official told the Financial Times.

13 2010 | Viewed: 592 | News / Theme of day | Read full
China export growth beats estimates

Chinese exports rose 45.7 per cent in February from a year earlier, beating forecasts and providing fresh evidence of a robust recovery in the economy poised to overtake Japan this year as the world's second-largest.

13 2010 | Viewed: 532 | News / Theme of day | Read full
Brown and Sarkozy united on global bank levy

Gordon Brown on Friday said France and Britain were united on the need for a global bank levy, after warm talks in Downing Street with Nicolas Sarkozy, French president.

12 2010 | Viewed: 631 | News / Theme of day | Read full
Transparency Initiative Faces Crucial Test as Countries Struggle to Meet Deadline

NEW YORK- As 22 countries in the Extractive Industries Transparency Initiative (EITI) faced a deadline today for completing their national validation processes, the Revenue Watch Institute called for clear and consistent standards in the Initiative's response to the 20 countries whose validation work unfortunately remains incomplete.

11 2010 | Viewed: 1 061 | News / Theme of day | Read full
Enhancing competitiveness and public procurement in Kazakhstan

ASTANA, 10 March 2010 - A new EU-financed project opens a survey for stakeholders of public procurement market to express their viewpoints and provide suggestions for improvement of public procurement in Kazakhstan. The project supports the efforts of the government of Kazakhstan in enhancing transparency, economic efficiency and competitiveness of public procurement system, thereby improving prospects for the national economy.

11 2010 | Viewed: 492 | News / Theme of day | Read full
Kazakhstan mulls tax breaks for Kazakhmys project

ASTANA, March 9 (Reuters) - Kazakhstan may grant tax breaks to the Boschekul copper mining project run by copper major Kazakhmys (KAZ.L), Industry and Trade Minister Aset Isekeshev said on Tuesday.

10 2010 | Viewed: 498 | News / Theme of day | Read full
News Corp in fresh Mideast deal

News Corp has struck its second deal in the Middle East in as many weeks, forming a partnership in Abu Dhabi on the eve of an event that is intended to attract more international media investment and expertise to the emirate.

10 2010 | Viewed: 555 | News / Theme of day | Read full
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