Belgian brewing giant Inbev has seen its profits soar thanks to its acquisition of Brazil’s biggest beer firm Ambev last…
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Parmalat sues 45 banks over crash
Parmalat has sued 45 banks as it tries to reclaim money paid to banks before the scandal-hit Italian dairy company…
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Bush to outline ‘toughest’ budget
President Bush is to send his toughest budget proposals to date to the US Congress, seeking large cuts in domestic…
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US Airways staff agree to pay cut
A union representing 5,200 flight attendants at bankrupt US Airways have agreed to a new contract that cuts pay by…
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Retail sales show festive fervour
UK retail sales were better than expected in November as Christmas shoppers began their seasonal flock to the High Street,…
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Yukos unit fetches $9bn at auction
A little-known Russian company has bought the main production unit of oil giant Yukos at auction in Moscow. Baikal Finance…
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Dutch bank to lay off 2,850 staff
ABN Amro, the Netherlands’ largest bank, is to cut 2,850 jobs as a result of falling profits. The cuts –…
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Takeover rumour lifts Exel shares
Shares in storage and delivery firm Exel closed up 9% at a two-and-a-half year high on Tuesday on speculation it…
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Germany calls for EU reform
German Chancellor Gerhard Schroeder has called for radical reform of the EU’s stability pact to grant countries more flexibility over…
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Consumer spending lifts US growth
US economic growth accelerated in the third quarter, helped by strong consumer spending, official figures have shown. The economy expanded…
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