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Housing starts lowest since late 2009

Groundbreaking on new U.S. home construction fell more than expected in December to its lowest in over a year, suggesting the battered housing sector remains a major roadblock to economic recovery.
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Australia's Tatts eyes bank market to refinance A$700 mln

Australian gaming and wagering company Tatts Group Ltd is considering refinancing its A$700 million in bank debt with its existing lenders after tapping the U.S. private market in December, its chief financial officer said on Wednesday.
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U.S. firms in China see regulation as top hurdle: survey

An increasing number of U.S. companies in China say the enforcement of intellectual property rights has deteriorated in the last year and that the regulatory environment is the biggest hurdle to doing business there, a survey showed on Wednesday.

Tata Steel raises 5.08 bln rupees from anchor investors

Tata Steel has raised 5.08 billion rupees ($111.8 million) from anchor investors at the upper end of an indicated price range ahead of a public share offering, reflecting investor optimism in the company's prospects in India's fast-expanding economy.
A view of a home for sale in Los Angeles

Southern California Dec home sales rise from Nov

Home sales in Southern California rose above their seasonal pattern in December from November with a 20.5 percent gain but were down 12.5 percent from a year earlier, reflecting a sluggish jobs market and tight credit, MDA DataQuick said on Tuesday.
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Obama admin steps up foreclosure prevention efforts

The Obama administration on Tuesday stepped up efforts to make it easier for struggling homeowners to renegotiate the terms of their mortgage, although it could be more than a year before such efforts pay off.

Analysts optimistic of Apple's Q1 2011 earnings despite Jobs' leave

Apple Inc., the world's most valuable technology company, is set to report earnings for its Q1 of 2011 after the close. While focus on Steve Jobs' health and leave of absence will likely put pressure on Apple shares, analysts believe the Apple's quarterly performance is still intact.
The logo of the Organization of the Petroleum Exporting Countries (OPEC) is pictured on the wall of the new OPEC headquarters in Vienna

Ready to pump more crude if demand rises: OPEC

The Organization of Petroleum Exporting Countries (OPEC) has pledged to make as much as 6 million barrels per day of surplus crude production capacity available in the event of a strong rise in demand or sudden disruption in supply, a Platts release said on Tuesday.

JFE: boosting coal buying from U.S., China, Russia

Japan's JFE Steel Corp (5411.T) said on Tuesday it is boosting purchases of coking coal from the United States, China, Russia and Indonesia after heavy floods hit production sites in Australia, its biggest supplier.
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Infosys to appeal tax demand on onshore work

Infosys Technologies Ltd on Tuesday said it will appeal an income tax department order demanding India's No. 2 software firm pay 4.57 billion rupees ($100 million) in tax for work done onshore.

Adriana Resources, China steelmaker in deal

Adriana Resources reached a joint venture agreement with a unit of China's Wuhan Iron and Steel Co Ltd on Monday in the latest in a series of deals in Canada's iron mining sector.
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Political chaos casts doubt on Tunisie Telecom IPO

Tunisian state-owned Tunisie Telecom may not be able to go ahead with an investor roadshow for its planned listing in Paris and Tunis due to the political situation, investment and banking sources said on Monday.
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Vimpelcom and Telenor in fresh row over Wind deal

Combative telecoms partners Telenor and Altimo squared up for yet another battle on Monday, over a proposed bid by their Russian mobile phone firm Vimpelcom for Egyptian tycoon Naguib Sawiris' telecoms assets.
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Gulf states, Saudi can withstand Tunisia effect

Saudi Arabia has taken in Tunisia's fallen strong man, but the oil wealth of the kingdom and its neighbours should ensure the poverty-driven unrest which ousted Zine al-Abidine Ben Ali does not follow him to the Gulf.

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