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Growth, valuation to keep Europe share alive
European equities have a lot more ammunition to fire in 2010 even after an eight-month bull run to new highs, as improving economic data and impressive earnings in the third quarter tempt investors to grab risky assets.
Crude prices follow world markets down
A global sell-off on equity markets dragged down crude prices by nearly 3 percent on Thursday, the first decline this week.
Weak home building a drag on recovery
The budding economic recovery isn’t getting much help from the home-building industry, which normally creates jobs and drives growth when a recession ends.
EU to look at new airline slots, charges rules
BERLIN - European airports could face new directives on how they award slots to airlines and how ground handling services are charged, a European Commission official told Reuters on Wednesday.
Hershey, Ferrero considering rival bid for Cadbury
LONDON – Chocolate makers The Hershey Co. and Ferrero International SA said Wednesday they are considering a possible offer for Cadbury PLC, already the target of a hostile bid by Kraft Foods Inc.
Rebalancing means jobs: Geithner
WASHINGTON - Weaning the global economy off its reliance on U.S. consumers will help rebalance growth and support attempts to bring down unemployment, U.S. Treasury Secretary Timothy Geithner said on Tuesday.
Obama, Hu vow cooperation but produce few deals
BEIJING — President Barack Obama and Chinese President Hu Jintao promised a determined, joint effort to tackle climate change, nuclear disarmament and other global troubles yet emerged from their first full-blown summit Tuesday with scant progress beyond goodwill.
Kashmiri saffron industry withers
PAMPORE, India - Saffron spice cultivation should be a growth industry for Indian Kashmir as it begins to recover from decades of unrest, but drought, pollution and corruption are threatening its future.
China calls for global monetary policies
China on Monday made a fresh, thinly veiled criticism of the United States for running lax monetary and fiscal policies that risk undermining the dollar.
APEC nations back face-saving climate plan
US President Barack Obama backed on Sunday a compromise proposal to ensure UN climate talks next month in Copenhagen don’t end in failure.
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