Australia is raising its benchmark interest rate to its highest level in four years despite signs of a slowdown in…
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Wall Street cheers Bush victory
The US stock market has closed higher in response to George W Bush’s victory in the presidential elections. The benchmark…
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Qwest may spark MCI bidding war
US phone company Qwest has said it will table a new offer for MCI after losing out to larger rival…
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US interest rate rise expected
US interest rates are expected to rise for the fifth time since June following the US Federal Reserve’s latest rate-setting…
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Continental ‘may run out of cash’
Shares in Continental Airlines have tumbled after the firm warned it could run out of cash. In a filing to…
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Chinese exports rise 25% in 2004
Exports from China leapt during 2004 over the previous year as the country continued to show breakneck growth. The spurt…
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Europe blames US over weak dollar
European leaders have openly blamed the US for the sharp rise in the value of the euro. US officials were…
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Mild winter drives US oil down 6%
US oil prices have fallen by 6%, driven down by forecasts of a mild winter in the densely populated northeast.…
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The ‘ticking budget’ facing the US
The budget proposals laid out by the administration of US President George W Bush are highly controversial. The Washington-based Economic…
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Fosters buys stake in winemaker
Australian brewer Fosters has bought a large stake in Australian winemaker Southcorp, sparking rumours of a possible takeover. Fosters bought…
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