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Fidelity.com: Top News
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Venezuela OKs payment for French retailer Casino
Venezuelan President Hugo Chavez has approved a $690 million payment to French retailer Casino and other owners of a supermarket chain nationalized earlier this year, state media said on Saturday. A first $138 million installment will be paid on September 7, added a statement by the Information Ministry on the website of state TV channel Venezolana de Television.Venezuelan President Hugo Chavez has approved a $690 million payment to French retailer Casino and other owners of a supermarket chain nationalized earlier this year, state media said on Saturday. A first $138 million installment will be paid on September 7, added a statement by the Information Ministry ...
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Anglo Irish Bank to be "decommissioned": minister
Nationalized Anglo Irish Bank will be "decommissioned," with a decision on its fate expected within a few weeks, a junior government minister was quoted on Saturday as saying.Nationalized Anglo Irish Bank will be "decommissioned," with a decision on its fate expected within a few weeks, a junior government minister was quoted on Saturday as saying.
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Obama says his economic policies halted "bleeding"
President Barack Obama, previewing a big push on the U.S. economy next week, on Saturday defended policies that he said "have stopped the bleeding" and put the middle class on the road to recovery. Obama, struggling to bring down the 9.6 percent jobless rate, is to spend next week talking up proposals on improving the economy.President Barack Obama, previewing a big push on the U.S. economy next week, on Saturday defended policies that he said "have stopped the bleeding" and put the middle class on the road to recovery. Obama, struggling to bring down the 9.6 percent jobless rate, is to spend next week talking up proposals ...
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G20 leaders agree economic recovery to continue
The G20 members agreed on Saturday the global economic recovery would stay and the recent investors' anxiety appeared overdone, a South Korean delegate said. Kim Jae-chun, deputy governor of South Korea's central bank who co-chaired the meeting of G20 finance and central bank deputies, made the remarks to reporters after their meeting in Gwangju, South Korea.The G20 members agreed on Saturday the global economic recovery would stay and the recent investors' anxiety appeared overdone, a South Korean delegate said. Kim Jae-chun, deputy governor of South Korea's central bank who co-chaired the meeting of G20 finance and central bank deputies, made the remarks ...
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BP replaces failed blowout preventer on Gulf well
BP Plc successfully replaced a failed blowout preventer from atop its ruptured Gulf of Mexico oil well late on Friday, the top U.S. official overseeing the spill response said. Retired Coast Guard Admiral Thad Allen called the equipment switch "an important milestone" toward permanently killing the leak that spewed more than 4 million barrels of oil into the Gulf from April 20 through mid-July.BP Plc successfully replaced a failed blowout preventer from atop its ruptured Gulf of Mexico oil well late on Friday, the top U.S. official overseeing the spill response said. Retired Coast Guard Admiral Thad Allen called the equipment switch "an important milestone" toward permanently killing the leak ...
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Japan Noda warns on yen, suggests joint steps difficult
Japanese Finance Minister Yoshihiko Noda said on Saturday Tokyo would take decisive steps to stem the yen's rise when needed, while suggesting that coordinated currency market intervention was a difficult option. Traders are getting cautious about bidding the yen up too much after Japanese ministers kept up warnings against the currency's surge to 15-year high versus the dollar.Japanese Finance Minister Yoshihiko Noda said on Saturday Tokyo would take decisive steps to stem the yen's rise when needed, while suggesting that coordinated currency market intervention was a difficult option. Traders are getting cautious about bidding the yen up too much after Japanese ministers ...
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