UNITED STATES

Ford ramps up production as demand rebounds

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Ford Motor Co said on Thursday it is increasing production over the rest of the year to meet increased demand spurred by the U.S. government's Cash for Clunkers sales incentive program.
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Four Countries in East Asia faces internet slowdown

Four countries in East Asia are experiencing slow internet connection due to typhoon Morakot that slashed villages including undersea cables. Internet users in Taiwan, Hong Kong, Singapore and the Philippines faces internet slowdown including Voice calls as the unders sea cables suffered from the damages it has received from typhoon Morakot.
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Oil rises tracking Wall Street

Oil prices rose on Thursday to near $71 a barrel after better-than-expected results from U.S. retail giant Wal-Mart reinforced hopes for an economic recovery and pushed up Wall Street stocks.
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Food giants say U.S. running out of sugar

Large U.S. food companies have been pushing the Obama administration to ease sugar import curbs, threatening higher consumer prices and possible job losses, citing forecasts for unprecedented sugar shortages.
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Shanghai Copper hits Upside limit on London Gains

Shanghai copper prices hit their upside limit in the first few minutes of trade on Thursday, excited by London's gains in the previous session, when investors were enthused by the U.S. Federal Reserve's comments that the country's economy was showing signs of levelling out. FUNDAMENTALS
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Oil pares gains after U.S. retail sales dip

Oil pared early gains above $72 a barrel on Thursday after U.S. retail sales data emerged showing a slightly unexpected fall in consumer spending from the world's largest economy.
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U.S. retail sales fall, new jobless claims up

Sales at U.S. retailers unexpectedly fell in July and the number of workers filing new claims for jobless benefits rose last week, indicating the recession-hit economy faced a bumpy recovery.
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Walmart quarterly profit tops estimates

Walmart Stores Inc posted better-than-expected earnings on cost cuts, and forecast full year earnings that could beat Wall Street estimates, sending its shares up 1.6 percent.
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Euro/dollar hits 1-wk high after Europe GDP data

The euro hit a one-week high against the dollar on Thursday after the euro zone's two biggest economies posted surprise returns to growth in the second quarter, helping drag the dollar lower.
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Stocks futures up after Wal-Mart results; jobs data on tap

U.S. stock index futures rose more than 1 percent on Thursday after Wal-Mart Stores Inc reported second-quarter results that topped Wall Street's expectations, boosting investors' confidence in consumer spending ahead of a government report on July retail sales.

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