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Commodity sector faces exodus

An exodus of expertise from the natural resources sector following the collapse in commodities prices mean banks and industry could face a shortage of seasoned professionals when demand eventually recovers.

EU backs stronger IMF, eastern aid lifeline

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The European Union on Friday pledged more than $100 billion in new loans to the International Monetary Fund to bail out countries in the global recession and urged the G20 economic powers to help double its funding.

EU agrees new IMF loans, eastern aid top-up

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European Union leaders agreed on Friday to provide 75 billion euros ($103 billion) in new loans to the International Monetary Fund as part of a G20 effort to boost the lender's firepower for fighting global recession.
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Dollar steadies, global bonds rally on Fed

The U.S. dollar steadied on Thursday after suffering its biggest daily plunge since 1985, while Asian government bonds rallied on a large-scale plan by the Federal Reserve to buy long-dated U.S. Treasuries, reviving a practice not used in decades.
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Dollar hit, Asian stocks rally on Fed move

The U.S. dollar nursed big losses on Thursday and Asian government bonds rallied after the Federal Reserve vowed to buy long-dated U.S. Treasuries, reviving a practice not used in decades to revive an ailing economy.
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Nokia to shutter its Mosh success story

To spearhead its push into Internet services, Nokia put users in charge when it opened in 2007 the networking site Mosh, which lets people post anything they want.
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Sudanese President denounces the West

On March 18 A defiant Sudanese president rallied Arab supporters in Darfur by saying no war crimes court or the U.N. Security Council can touch even an eyelash on him even though an international order for his arrest has been issued.
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Consumers want unrestricted Internet access: survey

Nine in 10 people expect their Internet service providers to offer open and unrestricted access to the Web, a survey showed on Wednesday. The survey, commissioned by Google, Yahoo and Web telephone company Skype, came as the European Parliament and EU states hold talks on a joint deal to reform the bloc's telecoms rules to boost competition.
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Vatican defends pope condoms stand

The Vatican Wednesday defended Pope Benedict's opposition to the use of condoms to stop the spread of AIDS as activists, doctors and politicians criticized it as unrealistic, unscientific and dangerous.
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Opel, GM have funds to last into April: Germany

German carmaker Opel and its U.S. parent General Motors have, to the knowledge of the German government, sufficient financing to see them through into April, a junior economy minister said on Wednesday.
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Kenya drops visa fee

Kenya has slashed its visa cost for UK nationals by 50%, from US$50 (£35) to US$25 (£18); fees will be waived completely for children under 16.
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Rio names new chairman as Chinalco row escalates

Rio Tinto named a new chairman to help get a planned $19.5 billion tie-up with China's Chinalco approved, as Australian politicians opposed to the deal raised their level of protest on Tuesday.
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Greenland thaw among feared climate shifts by 2200

A drastic climate shift such as a thaw of Greenland's ice or death of the Amazon forest is more than 50 percent likely by the year 2200 in cases of strong global warming, according to a survey of experts.
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TV ads to add to pressure on Chinalco-Rio deal

Australian politicians turned up the heat against Rio Tinto Ltd/Plc's planned $19.5 billion tie-up with China's Chinalco, with one taking out television ads on Tuesday to push for the deal to be blocked.
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Sudan wants aid groups to stop distributing relief

Sudan's president said on Monday he wanted foreign aid groups to stop distributing aid in Sudan within a year, in an escalation in the country's defiant response to an international war crimes warrant against him.
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What is the Deficit Endgame?

No one yet has any real idea about when the global financial crisis will end, but one thing is certain: government budget deficits are headed into the stratosphere. Investors in the coming years will need to be persuaded to hold mountains of new debt.
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Corrected: AIG names counterparties, European banks dominate

Goldman Sachs and a parade of major European banks, including Deutsche Bank , France's Societe Generale and the UK's Barclays , were major beneficiaries of more than $90 billion of money paid out by AIG in the first three-and-a-half months after its bailout by the U.S. government last September.
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AIG payments to banks stoke bailout rage

Goldman Sachs Group Inc and a parade of European banks were the major beneficiaries of $93 billion in payments from AIG -- more than half of the U.S. taxpayer money spent to rescue the massive insurer.
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Pakistan defuses crisis, agrees to restore judge

Pakistan's government agreed on Monday to reinstate Iftikhar Chaudhry as chief justice in a surprise move to defuse a crisis and end agitation by lawyers and activists that had threatened to turn into violent confrontation.
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Bank optimism powers Dow and S&P, but tech off

The Dow and S&P 500 stock indexes rose on Monday, extending their recovery from 12-year lows reached this month, as investors became more hopeful that some stabilization may be returning to the banking sector.
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Bank optimism powers Dow and S&P, but Nasdaq drags

The Dow and S&P 500 stock indexes rose on Monday, extending their recovery from 12-year lows reached this month, as investors became more hopeful that some stabilization may be returning to the banking sector.

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