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Housing market recovery gains traction

Written on May 23, 2012 by Editor - Top News Stories

By Lucia Mutikani WASHINGTON | Wed May 23, 2012 5:12pm EDT WASHINGTON (Reuters) – The U.S. spring home-selling season got off to a strong start in April, with rising sales and prices providing evidence that a housing market recovery was … Continue reading →

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Rio Tinto sticks to bold iron ore expansion plans

Written on May 23, 2012 by Editor - Business News

SYDNEY | Thu May 24, 2012 1:23am EDT SYDNEY (Reuters) – Rio Tinto (RIO.AX) (RIO.L) is maintaining its plan to substantially increase iron ore production over the coming years, saying its global output capacity could almost double to 450 million … Continue reading →

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Putin orders Rosneftegaz assets sale in 2013-2015

Written on May 23, 2012 by Editor - Business News

MOSCOW | Thu May 24, 2012 2:06am EDT MOSCOW (Reuters) – Russian President Vladimir Putin on Thursday ordered the government to approve a plan to sell in 2013-2015 state shares in the holding Rosneftegaz, which manages stakes in Gazprom (GAZP.MM) … Continue reading →

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Swiss authority fines BMW $163 million over imports

Written on May 23, 2012 by Editor - Business News

ZURICH | Thu May 24, 2012 2:16am EDT ZURICH (Reuters) – The Swiss Competition Commission is fining Germany’s BMW 156 million Swiss francs ($163.44 million) for preventing direct and parallel imports. The commission gave no further details in a brief … Continue reading →

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Aviva adds S.Korea, Sri Lanka to Asia exit list: sources

Written on May 23, 2012 by Editor - Business News

By Denny Thomas and Clare Baldwin HONG KONG | Thu May 24, 2012 1:29am EDT HONG KONG (Reuters) – British insurer Aviva plc (AV.L) is putting its South Korean and Sri Lankan businesses on the auction block, sources with knowledge … Continue reading →

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Free gay marriage vote for Tories

Written on May 23, 2012 by Editor - Top News Stories

23 May 2012 Last updated at 22:17 ET A number of his ministers have publicly opposed gay marriage Conservative MPs will be allowed a free vote on gay marriage, senior party sources have told the BBC. A formal consultation on … Continue reading →

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Hewlett-Packard cuts 27,000 jobs

Written on May 23, 2012 by Editor - Top News Stories

23 May 2012 Last updated at 17:34 ET Hewlett-Packard hopes to save up to $3.5bn a year Hewlett-Packard, the world’s largest maker of personal computers, is to cut 27,000 jobs by end of 2014. The company said the cuts – … Continue reading →

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Tax effort ‘stunted by job cuts’

Written on May 23, 2012 by Editor - Top News Stories

23 May 2012 Last updated at 19:08 ET The government has instructed HMRC to cut the gap between tax levied and tax collected Impressive efforts have been made by the UK tax authority to collect outstanding tax but more could … Continue reading →

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EU ‘wants Greece in the eurozone’

Written on May 23, 2012 by Editor - Top News Stories

24 May 2012 Last updated at 01:33 ET Please turn on JavaScript. Media requires JavaScript to play. European Council President Herman Van Rompuy: “The eurozone has shown considerable solidarity” EU leaders want Greece to remain in the eurozone but to … Continue reading →

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Soldier ‘sniper death’ accidental

Written on May 22, 2012 by Editor - Top News Stories

22 May 2012 Last updated at 09:16 ET L/Cpl Michael Pritchard died after being shot in Afghanistan in December 2009 A soldier believed to have been killed by a British sniper in Afghanistan was accidentally shot while on active service, … Continue reading →

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