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Oil over $42, eyes China recovery, OPEC cuts

U.S. crude oil futures jumped more than $1 toward $43 per barrel on Wednesday, supported by better economic news from China and expectations by some traders that OPEC oil producers may further cut output.

Global stocks rise after heavy loss

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World stocks clawed their way back up from multi-year lows on Wednesday as investors sought bargains after three days of steep losses brought on by deep fears for the world economy and financial system.

CORRECTION: Asia stocks rally on China hopes

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HONG KONG - Asian stocks rallied on Wednesday on hopes Beijing will step up efforts to support the Chinese economy, helping the entire region, while the U.S. dollar rose to a three-year high as investors scrambled to limit risk.
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Oil rises towards $42, eyes China recovery, OPEC cuts

Oil edged up toward $42 on Wednesday, after surging nearly 4 percent overnight, on a brightening outlook for China's economy and in anticipation that producer group OPEC would cut supply further at its next meeting.
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Mobile phone growth helps poorer states: U.N.

Two thirds of the world's cell phone subscriptions are in developing nations, with the highest growth rate in Africa where a quarter of the population now has a mobile, a United Nations agency said on Friday.
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AIG agrees new government bailout, trade suffers

Insurer AIG is set to take a $30 billion lifeline from the U.S. government and HSBC plans to raise up to $18 billion to counter a crisis that is punishing companies and crippling international trade.
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AIG agrees new U.S. government bailout, trade suffers

Insurer AIG is set to report a $60 billion (42 billion pound) fourth quarter loss and take a $30 billion lifeline from the U.S. government to survive a crisis threatening some of the world's largest companies and crippling international trade.
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Dell sees 2009 contraction in Asia amid sales slump

Dell Inc expects its Asia revenue to fall this year, amid heated competition and the global slowdown, but it still expects to pick up share in the PC markets in China and India, a top executive said on Friday.
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AIG, U.S. government discuss aid terms

The U.S. government may agree to finance the purchase of some American International Group Inc businesses and take direct stakes in others, a person familiar with the matter said on Thursday.
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Motorola sees cell market growth in 2010/2011

Motorola Inc (MOT.N) sees industry cellphone sales increasing in the mid-single-digit percentage range next year and in 2011, driven by first time buyers in emerging markets and upgrades to new models by existing users.
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Study urges U.S.-China climate change summit

The United States and China should hold a summit featuring an agreement on climate change, helping to create international support for a new global pact by the end of 2009, a former White House adviser said on Thursday.
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Obama wins praise for renewables plan

U.S. President Barack Obama's call for sweeping investment in clean energy and for carbon cap-and-trade legislation won praise from analysts and the renewables industry, saying it is a rallying call for other nations.
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AIG mulls further government stakes as auction deadline looms

Beleaguered U.S. insurance giant American International Group may allow the U.S. government to take control of certain assets should the sale of stakes in various units fail to produce attractive offers, according to a source close to the matter.
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Obama to lay out broad financial reforms

President Barack Obama and Treasury Secretary Timothy Geithner plan on Wednesday to lay out broad principles for Wall Street regulatory reform aimed at preventing a repeat of the current financial crisis, an administration official said.
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Obama to lay out broad financial reforms: official

President Barack Obama and Treasury Secretary Timothy Geithner plan on Wednesday to lay out broad principles for Wall Street regulatory reform aimed at preventing a repeat of the current financial crisis, an administration official said.
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Oil nationalism diluted but far from dead

Resource-rich countries hoping oil will rebound from a $100 crash will not relinquish overnight the power that came with record prices, but relations between international firms and state-run companies have begun to thaw.
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Rio may offer notes to all shareholders: report

Debt-laden miner Rio Tinto may try to persuade irate shareholders to back a $19.5 billion tie-up with Chinalco by offering them bonds on the same terms as the Chinese company, according to a newspaper article on Monday. Rio declined to comment on the article by commentator Michael West on the Sydney Morning Herald's Web site (www.smh.com.au), which gave no source for...

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