US trade deficit rises to $42.3b in May  2010-07-14 10:34:15

The US trade deficit in May increased by 4.8 percent to $42.3 billion, the highest level in 18 months, the Commerce Department reported Tuesday.

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Wall Street rallies on earning speculations  2010-07-14 09:50:24

Wall Street extended its rally to the sixth straight day on Tuesday as investors were encouraged by Alcoa's earnings.

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Alcoa moves to Q2 profit on improved demand  2010-07-13 13:27:14

Alcoa Inc said Monday it posted a second-quarter profit as it sold more aluminum in the commercial vehicles, packaging and construction markets.

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India output growth slows to 11.5%, rate pressure stays  2010-07-13 10:40:42

India's industrial production expanded less than analysts estimated, complicating the central bank's efforts to raise borrowing costs to curb inflation.

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Greek PM calls to end economic inequalities worldwide  2010-07-13 09:57:06

Greek Prime Minister George Papandreou called on Monday for an end to wide economic inequalities worldwide and a redistribution of wealth.

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Greek budget deficit reduced by 46% in H1  2010-07-13 09:56:10

Greek budget deficit was reduced by 46 percent in the first half of 2010 to 9.645 billion euros ($12.144 billion) from 17.866 billion euros the same period in 2009, the Greek Finance Ministry announced on Monday.

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L'Oreal records strong growth in Q2  2010-07-13 09:17:32

French cosmetics producer L'Oreal reported a 12.4 percent rise in second-quarter sales, expecting continued growth in the second half of 2010, according to the world leading group's quarterly report issued on Monday.

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BP says oil spill costs climb to $3.5b  2010-07-12 15:29:37

BP says that the cost of dealing with the oil spill in the Gulf of Mexico has risen to $3.5 billion.

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Toyota invites outsiders to boost quality control  2010-07-12 14:42:49

Toyota said Monday it is inviting four outside experts to help beef up quality controls at the recall-battered automaker under a program that began in March to review defect measures.

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IMF highlights Asia's role in global economy  2010-07-12 11:39:55

Dominique Strauss- Kahn, Managing Director of the International Monetary Fund (IMF), highlighted the role of Asia in the future in global economic policies, vowing to allow stronger voice of the region in the IMF.

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