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Business
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Saturday, 18 May, 2013
TOKYO — Japan's premier said yesterday he would slash red tape in a bid to boost corporate investment as he seeks to capitalise on the feel-good mood of a soaraway stock market and a plunging yen. Prime Minister Shinzo Abe set out broadbrush outlines of the third of his "three arrows" of a plan dubb
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Saturday, 18 May, 2013
LONDON — British supermarket chain Wm Morrison is investing more than £200 million ($306 million) in a 25-year deal with online grocer Ocado, seeking to catch up with rivals in home delivery and sending Ocado shares to a record high. Morrison, which trails Tesco, Wal-Mart's Asda and J Sainsbury in a
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Saturday, 18 May, 2013
SEOUL — Overtaking Apple Inc as the world's leading maker of smartphones has stretched Samsung Electronics Co's in-house supply lines, and the South Korean firm is now courting some of its rival's main parts suppliers. After costly courtroom battles over technology patents, the two gadget giants are
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Saturday, 18 May, 2013
LONDON — European shares held near multi-year highs in volatile trade yesterday, with some investors using early weakness as a buying opportunity and with carmakers cheered by signs of a revival in domestic sales. The STOXX Europe 600 auto sector added 2.4 per cent after data showed Europe's car mar
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Saturday, 18 May, 2013
HONG KONG — Asian shares were mostly higher yesterday as Japanese stocks hit a fresh multi-year high after Wall Street dipped on weaker-than-expected economic data. The dollar gained slightly in Asia as investors cautiously adjusted their positions following the unit's recent surge, with brokers say
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Saturday, 18 May, 2013
ISTANBUL — Turkey hailed its second investment grade rating yesterday, seeing it as a seal of approval from international markets for a decade of economic reform. Investors joined in, driving sovereign bond yields to record lows. Government enthusiasm was tempered, however, by some concern that the
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Saturday, 18 May, 2013
French President Francois Hollande's sweeping proposals for deeper euro zone integration yesterday, noting that many of his ideas were already in circulation. In a 2½ hour news conference at the Elysee Palace on Thursday, Hollande set out plans for an "economic government" for the 17 euro zone count
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Saturday, 18 May, 2013
PARIS — French energy group GDF Suez has signed a joint-venture with US firm Sempra Energy and Japanese groups Mitsubishi and Mitsui relating to the construction of a huge liquefied natural gas factory in the United States, it said yesterday. The Deputy Managing Director responsible for gas operatio
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Saturday, 18 May, 2013
KUALA LUMPUR — Malaysia’s UMW Holdings Bhd plans to sell 39 per cent of its oil and gas unit in an initial public offering this year that could raise up to $1 billion, a source said yesterday. The state-backed conglomerate’s announcement is the latest in a slew of planned listings, looking to build
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Friday, 17 May, 2013
PERSONAL traits such as self-initiative, positive attitudes, honesty, loyalty, reliability, professionalism, and so on — characteristics that collectively make for a good work ethic — are among a gamut of themes that will be discussed at next week’s Conference, titled Work Ethics to Improve Perfor
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