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Abu Dhabi makes $2.5 billion from Barclays stake sale

Abu Dhabi sold an 11 percent stake in Barclays on Tuesday, making $2.5 billion from an investment that helped the British bank through the financial crisis and raising fears that the rally in bank shares may be over.
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Asian shares hit 2009 high on recovery hopes

Improving global manufacturing data lifted Asian shares on Tuesday near levels before the collapse of Lehman Brothers in September, but the pace of gains slowed as investors pondered how much longer a heady three-month rally will last.
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Sony to launch smaller, lighter PSP: game websites

Japan's Sony Corp plans to sell a smaller and lighter PlayStation Portable handheld game machine later this year, according to video game websites which cite what they say is Sony's own promotional video clip.
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Oil basks in equities' glow

Oil rose 1 percent to hit a fresh seven-month high on Monday as stock market optimism and sustained hope for a global economic recovery supported the market's best monthly gains in a decade.
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Africa's upwardly mobile money

To 28-year-old Kenyan Mary Wanjiku, her cell phone is not just a cell phone. It is also a cheap, safe and easy way of sending her mother $40.
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Nintendo to launch new version of Wii Fit: report

Nintendo Co Ltd plans to launch a new version of its Wii Fit home exercise game this autumn, aiming to help boost sluggish sales of its Wii console in Japan, the Nikkei business daily reported on Sunday.
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Oil hits 6-month high above $66 on economic hopes

Oil rose to a six-month high above $66 per barrel on Friday, marking its largest monthly percentage gain in more than a decade, after U.S., Japanese and Indian data suggested the economic downturn may be easing.
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Oil to 6-month high above $66 on economic outlook

Oil rose to a six-month high above $66 per barrel on Friday, on track for its largest monthly percentage gain in more than a decade, after U.S., Japanese and Indian data suggested the economic downturn may be easing.
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North Korea fires short-range missile

North Korea test-fired another short-range missile off its east coast on Friday and said it would take more self-defense measures if the U.N. Security Council punished it for this week's nuclear test.
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World stocks near 2009 high, oil climbs

World stocks closed in on a new high for the year and the dollar sank toward a five-month low against major currencies on Friday on hopes that the global economy has seen the worst days of its downturn.
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Australian dollar up, commodity bulls are loose

The Australian dollar surged to a eight-month high on Friday on the back of rising raw material prices, while crude oil matched a six-month high above $65, up some $4 this week on hopes that a global economic recovery will spur energy demand.
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Oil extends gains above $65 after U.S. stocks data

Oil rose to a new six-month high above $65 a barrel on Friday, on track for its largest monthly percentage gain in more than a decade, after government data showed a surprisingly sharp drop in U.S. crude inventories and OPEC left output steady.
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Yen rises on Japanese output jump

The yen rose on Friday, helped by the biggest monthly spike in Japanese industrial output since 1953, while crude prices eased from a six-month high but were still up around $3 this week on expectations of increased demand.
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Two U.S. auto parts makers file for Chapter 11

Auto parts makers Visteon Corp and Metaldyne Corp filed for Chapter 11 bankruptcy protection for their U.S. operations, becoming the latest casualties of the global auto industry crisis.
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Two U.S. auto parts makers file Chapter 11

Auto parts makers Visteon Corp and Metaldyne Corp filed for Chapter 11 bankruptcy protection for their U.S. operations, becoming the latest casualties of the global auto industry crisis.
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GM bankruptcy near as bond swap fails, no Opel deal

General Motors Corp moved closer to filing the largest bankruptcy ever for a U.S. industrial company after a crucial bond exchange proposal failed, while the fate of GM's European brand Opel remained uncertain after marathon talks with German officials ended without a deal.
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GM bankruptcy near as bond swap fails, Opel talks drag

General Motors Corp moved closer to filing the largest bankruptcy ever for a U.S. industrial company after a crucial bond exchange proposal failed and as German officials held marathon talks to decide the fate of GM's European brand Opel.

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