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Europe recession deepened in Q1, may be low point

Europe sank to what may be the recession's low point in the first quarter of the year as tumbling German exports and investment plus further sharp drops in output elsewhere sped up the pace of a year-old contraction.

Honda CEO says 2009/10 is floor for earnings

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Honda Motor Co's earnings will hit bottom this year and improve beyond that as demand in the United States returns in the second half, the Japanese automaker's chief executive said on Friday.

Temasek offloads BofA stake; eyes emerging markets

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Singapore's Temasek sold its 3 percent stake in Bank of America in the first quarter of this year, taking a loss of around $3 billion in the process, as the state investor refocuses on emerging markets.
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China's Zhao decries June 4 tragedy from the grave

Two decades after his downfall and four years after his death, reformist Chinese leader Zhao Ziyang has broken the official silence on the 1989 Tiananmen crackdown, denouncing the killings of protesters as a tragedy.
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Japan power firms pay $1 billion for CO2 credits in 08/09

Japan's power firms paid a combined 100.1 billion yen, or $1 billion, for carbon credits in the year that ended on March 31, their annual earnings reports showed, giving investors a rare glimpse into how much utilities are spending to offset their own carbon emissions.
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Peabody, White Energy in U.S. clean coal project

Global coal miner Peabody Energy Corp has agreed with Australia's White Energy Coal Ltd to build a coal upgrading facility in the United States, and may buy up to a 15 percent stake in the Australian firm.
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China says U.S. currency bill tempts protectionism

China rejected claims it has manipulated yuan exchange rate policies to tilt trade flows against the United States, saying on Thursday that proposed legislation before the U.S. Congress could stoke protectionism.
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Socialism Coming Back To Haunt U.S.

America is more than a country; it is the ideal of liberty. In economic terms, liberty translates into the entrepreneurial spirit of hard work, risk taking and self-reliance.
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U.S. urges emerging powers to open markets

Big emerging countries like China, India, Brazil and South Africa must do more to open their markets to secure a new global trade deal, the U.S. trade chief said on Wednesday.
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Online car hysterics drive Shanghainese round the bend

SHANGHAI (Reuters Life!) - A popular Chinese online video showing a woman going hysterical after her male companion refuses to buy her a car is stirring debate about Shanghai's females, who are renowned for their demanding ways.
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Asia stocks rise, U.S. dollar drops to four-month low

The U.S. dollar fell to a four-month low on Wednesday as optimism about a global recovery and concerns about U.S. fiscal health reduced its safe haven appeal, while oil prices near $60 a barrel helped energy shares push most Asian stock markets higher.
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Rio shares drop as talk of a rights issue grows

Rio Tinto dropped as much as 5 percent, tracking its London shares lower, on growing speculation the global miner is set to launch a rights issue instead of selling $19.5 billion in stock and assets to China's Chinalco aluminum group.
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U.S. dollar drops to 4-month low, oil hangs near $60

The U.S. dollar fell to a four-month low on Wednesday as optimism about a global recovery and concerns about U.S. fiscal health reduced its safe haven appeal, while oil held near $60 a barrel on hopes for more energy demand as inventories tighten.
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Health authorities prepare to limit flu drug use

The two drugs used to treat the influenza should be used carefully and only when needed for the chronically ill, pregnant women and other vulnerable patients, global health officials said on Tuesday.
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U.S. elected to U.N. rights council for first time

The United States won election to the U.N. Human Rights Council for the first time on Tuesday, joining 17 other nations picked for the body, after the Obama administration ended a U.S. policy of boycotting it.
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China marks 1st quake anniversary

Chinese President Hu Jintao offered flowers and expressed condolences to the quake victims Tuesday, marking the first anniversary of Wenchuan quake that left nearly 90,000 people dead or missing and 5 million homeless.
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Incense burns as solemn China mourns quake dead

Mourners crowded ruins in southwest China on Tuesday to mark one year since an earthquake shattered the region, while President Hu Jintao called reconstruction efforts a testament to national strength.
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China's commodity imports hit new highs in April

China's voracious appetite for commodities lifted imports of copper and iron ore to new highs in April, despite a global economic slowdown, while the world'sdemand for China's exports remained weak.

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