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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SBC plans post-takeover job cuts
US phone company SBC Communications said it expects to cut around 12,800 jobs following its $16bn (£8.5bn) takeover of former…
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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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US trade gap ballooned in October
The US trade deficit widened by more than expected in October, hitting record levels after higher oil prices raised import…
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Bush to get ‘tough’ on deficit
US president George W Bush has pledged to introduce a “tough” federal budget next February in a bid to halve…
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Hariri killing hits Beirut shares
Shares in Solidere, the Lebanese company founded by assassinated former prime minister Rafik Hariri, fell 15% in renewed trading in…
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Watchdog probes Vivendi bond sale
French stock market regulator AMF has filed complaints against media giant Vivendi Universal, its boss and another top executive. It…
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Bush budget seeks deep cutbacks
President Bush has presented his 2006 budget, cutting domestic spending in a bid to lower a record deficit projected to…
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US adds more jobs than expected
The US economy added 337,000 jobs in October – a seven-month high and far more than Wall Street expectations. In…
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