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Business
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Opec expansion at risk if oil drops below $50
Opec's 254-billion-dollar upstream expansion plan to raise production capacity risks being delayed if oil prices drop below 50 dollars a barrel, the cartel's secretary general has warned.
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US sees 'strong' global economy
US Treasury Secretary Henry Paulson said Friday that the global and US economies were "strong" and that volatility is a facet of stock markets following heavy losses on Wall Street.
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Japan passes $705b budget for '07
Japan's fiscal year 2007 budget, which totals 82.91 trillion yen (705 billion US dollars), was passed by the lower house early Saturday despite the oppositions' attempt to block it.
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Tata, Corus to merge next month
Anglo-Dutch steelmaker Corus will merge with Tata Steel next month once the Indian company's shareholders approve the 13.7-billion-dollar takeover, Tata said Saturday.
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Developed world blasted over WTO deadlock
LatAm leaders to push development as Rio summit opens
Leaders of Latin American countries opened a trade summit here late Friday, with Guyana's President, Bharrat Jagdeo, blasting developed countries for failing to eliminate barriers obstructing free trade.
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Citigroup senior executive in Dhaka
Chris Bailey, director and regional head of Client Services, Citigroup Asia Pacific has arrived in Dhaka on a two-day official visit, says a press release.
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Indian carrier signs deal with GMG
Indian has recently entered into a code sharing agreement with the Bangladesh based airline, GMG Airlines and now can send its passengers between Kolkata and Dhaka on the flights of this airline.
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High taxpayers to get airport privileges in ROK
Taxpayers who make honest returns of high taxes will be allowed to use VIP lounges at local airports and enter the country through faster customs service, the National Tax Service said yesterday.
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China cuts overseas borrowing
Quotas will be slashed for short-term overseas borrowing by both domestic and foreign financial institutions to "maintain the basic balance of payments".
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Global stocks hit by more losses
Volatile global stock markets suffered more losses Friday, with Wall Street hit by heavy selling as edgy investors retrenched ahead of the weekend with other bourses still skittish from this week's turmoil.
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Cellphones changing lives of young Japanese
Almost all young Japanese say mobile phones have changed their lifestyles, with nearly one-third of them confessing to spending three hours or more a day on their mobile, a survey says.
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New forum to promote bio fuel
Five major fossil fuel consumers of the world including India have joined hands to develop, produce and promote the use of bio-fuel which will help cut down greenhouse gases besides increasing fuel security
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US hails 'open skies' deal with EU
The United States on Friday hailed an "open skies" agreement with the European Union, saying the deal would boost economic activity and help lower air fares.
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