Sri Lanka’s president has launched a reconstruction drive worth $3.5bn (£1.8bn) by appealing for peace and national unity. President Kumaratunga…
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Europe asks Asia for euro help
European leaders say Asian states must let their currencies rise against the US dollar to ease pressure on the euro.…
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Economy ‘strong’ in election year
UK businesses are set to prosper during the next few months – but this could trigger more interest rate rises,…
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Venezuela reviews foreign deals
Venezuela is to review all foreign investment in its mining industries in an effort to strengthen its indigenous industrial output.…
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US crude prices surge above $53
US crude prices have soared to fresh four-month highs above $53 in the US as refinery problems propelled petrol prices…
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Trade gap narrows as exports rise
The UK’s trade gap narrowed in November, helped by a 7.5% rise in exports outside the European Union. According to…
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Senior Fannie Mae bosses resign
The two most senior executives at US mortgage giant Fannie Mae have resigned after accounting irregularities were uncovered at the…
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Cash gives way to flexible friend
Spending on credit and debit cards has overtaken cash spending in the UK for the first time. The moment that…
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Troubled Marsh under SEC scrutiny
The US stock market regulator is investigating troubled insurance broker Marsh & McLennan’s shareholder transactions, the firm has said. The…
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Qatar and Shell in $6bn gas deal
Shell has signed a $6bn (£3.12bn) deal with the Middle Eastern sheikhdom of Qatar to supply liquid natural gas (LNG)…
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