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Funds to bid for Citi's Bellsystem24 by Sep 1: sources

Buyout funds including Permira and KKR have been told to submit their first bids by September 1 for Citigroup Inc's Bellsystem24, a leading Japanese telemarketer, in what might be the largest private equity deal in Japan this year, sources familiar with the process said on Wednesday.

BHP cautions on outlook as metals bash profit

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BHP Billiton Ltd/Plc , the world's largest miner, gave a guarded outlook for global commodity demand, sending a worrying signal for weaker rivals, after a slump in metals prices triggered its first profit decline in seven years.
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BHP cautions on outlook as metals bash H2 profit

BHP Billiton Ltd/Plc , the world's largest miner, gave a guarded outlook for global commodity demand, sending a worrying signal for weaker rivals, after a slump in metals prices triggered its first profit decline in seven years.
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Lenovo gears up in Chinese notebook market

China notebook of light weight and mobility took a major attraction in the market due to demand in low pricing pressure, according to market research firm DRAMeXchange on Tuesday.
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Visa and MasterCard look abroad for growth

Visa Inc and MasterCard Inc, the world's largest credit card networks, are counting on foreign markets for the growth that recession-bound U.S. consumers have been unable to provide.
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Dollar snaps three-day rally ahead of Fed statement

The dollar snapped three days of gains against a basket of currencies on Tuesday as investors await a Federal Reserve policy statement and debate whether strong U.S. data will support the currency going forward.
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Strong quake rattles Tokyo, disrupts transport

A strong earthquake jolted Tokyo and surrounding areas early Tuesday morning, throwing food and bottles from store shelves, disrupting transport and closing a nuclear power plant for safety checks.
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McDonald's same-store sales rise, stock up

McDonald's Corp said sales at restaurants open at least 13 months rose a better-than-expected 4.3 percent in July, helped by gains in Britain, France and the United States.
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McDonald's sales beat expectations

McDonald's Corp said sales at restaurants open at least 13 months rose a better-than-expected 4.3 percent in July, helped by gains in Britain, France and the United States.
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Mitsubishi Chem to buy Mitsubishi Rayon: Nikkei

Mitsubishi Chemical Holdings, is in talks to buy smaller rival Mitsubishi Rayon for up to $2.1 billion, the Nikkei business daily reported, in a move that would help consolidate Japan's overcrowded chemicals sector.
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Formula One, Universal eye global TV concerts

Can fast cars, glamorous locations and superstar acts establish a global live-music TV franchise? Universal Music Group International and Formula One Administration are banking on it as they prepare to launch their F1 Rocks concert series this fall.
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Japan's Toshiba joins Blu-ray camp, post-HD-DVD

Japan's Toshiba Corp said on Monday that it will join the Blu-ray Disc Association -- its former enemy in a bitter format war -- to make blu-ray players by year-end to tap demand for high-definition home movies.
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Oil slips below $71, on dollar, high supplies

Oil prices slipped below $71 a barrel on Monday, as the dollar's strength and worries about high oil inventories helped counter earlier gains on the back of rising Asian stocks amid hopes for an economic recovery.
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Oil steady at $71, buoyed by stocks and softer dollar

Oil prices were little changed at $71 a barrel on Monday, paring earlier losses as rising Asian stocks bolstered sentiment over an economic recovery while the dollar dipped, lending support to the commodities complex.
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Weekly Market Watch - Monday, 10 August 2009

The US Dollar lost considerable ground against the Pound and EURO early last week with both currencies breaking through the physiological resistance barriers of 1.70 and 1.44 respectively.

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