Shares in American Express surged more than 8% on Tuesday after it said it was to spin off its less…
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China continues rapid growth
China’s economy has expanded by a breakneck 9.5% during 2004, faster than predicted and well above 2003’s 9.1%. The news…
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Deadline nears for Fiat-GM deal
Fiat and General Motors (GM) have until midnight on 1 February to settle a disagreement over a potential takeover. The…
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Jarvis sells Tube stake to Spain
Shares in engineering group Jarvis have soared more than 16% on news that it is offloading its stake in London…
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Gaming firm to sell UK dog tracks
Six UK greyhound tracks have been put up for sale by gaming group Wembley as part of a move which…
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SEC to rethink post-Enron rules
The US stock market watchdog’s chairman has said he is willing to soften tough new US corporate governance rules to…
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UK ‘risks breaking golden rule’
The UK government will have to raise taxes or rein in spending if it wants to avoid breaking its “golden…
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Madagascar completes currency switch
Madagascar has completed the replacement of its Malagasy franc with a new currency, the ariary. From Monday, all prices and…
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US regulator to rule on pain drug
US food and drug regulators will decide on Friday whether to recommend the sale of painkillers that have been linked…
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Tobacco giants hail court ruling
US tobacco companies have welcomed an appeal court’s decision to reject the government’s $280bn (£155bn) claim for alleged deceit about…
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