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Short-selling ban reveals divisions within Europe
A piecemeal ban on short-selling of financial stocks in Europe sparked a rush of alternative proposals from countries and regulators.
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Sarkozy keeps key figures in reshuffle
French President Nicolas Sarkozy reappointed a trusted ally as prime minister and named new defence and foreign ministers in a Sunday night reshuffle.
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Rio Tinto under pressure on asset sales
Rio Tinto said on Wednesday it was confident it could sell billions in assets to pay down massive debt, despite concerns about a lack of buyers.
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BHP raises Rio bid; no immediate Chinese riposte
BHP Billiton launched a hostile ,4-billion bid for rival Rio Tinto in a move that could trigger a Chinese-led counterbid in the world’s second biggest corporate takeover. Combined, BHP and Rio would create the world’s third-richest company, with a market capitalisation eclipsed only by Exxon Mobil and General Electric.
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Planemakers fly high in 2007
Airbus confirmed 2007 as a record year for planemakers on Wednesday by posting orders for 1Â 341 aircraft while boosting cost savings aimed at catching arch-rival Boeing, which took top spot with 1Â 413 orders and has suffered less from a weakened dollar than Airbus.
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Rio seen unlikely to counter bid for BHP
Rio Tinto is reportedly considering a counter-bid for BHP Billiton as a defence against a Aus-billion takeover proposal from its bigger mining rival, but analysts said such a move was unlikely. The Wall Street Journal, citing unnamed sources, reported Rio was considering a broad array of potential options to fight off BHP.
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BHP’s Rio offer may spark $170-billion war
Rio Tinto’s rejection of a -billion all-share offer from BHP Billiton is likely to trigger rival bids from resource companies awash with cash from record commodity and stock prices. A marriage would create the world’s biggest mining force, capable of controlling the global flow of fleet loads of iron ore, copper and coal.
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Sydney rocks in first of climate change concerts
The first of nine concerts across the globe aimed at persuading millions of fans to go green for the environment swung into life in Sydney on Saturday with fiery vocals and a distinctive Australian beat. Following in the footsteps of the Live Aid and Live 8 mega-gigs, Live Earth hopes to reach up to two billion people through radio, television and the internet.
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Gold hedges lose some shine as bullion price rises
GOLD mining companies have reduced their hedge books and were willing to sell more of their commodity at market prices as bullion prices creep higher, industry executives said on Monday.
