Make service industries transparent: US
Washington: The US has asked World Trade Organisation members to make  service industries transparent.
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Soccer fever lays Korean carmakers low
Seoul: South Koreas top-ranked Hyundai Motor said on Tuesday strike action over wages badly dented car sales in June 2002, while soccer fever also kept customers out of showrooms and glued to World Cup matches.
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WorldCom may file for bankruptcy
Washington: WorldCom said it was delving deeper into its accounting past for additional possible errors, but the top US securities regulator blasted the company for lack of information in its disclosure about the fiasco gripping the company.
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Commerzbank, Mediobanca to buy Ferrari stake
Berlin: Germany's Commerzbank AG said on Monday it had joined Italian partner Mediobanca in a deal to buy a 34-per cent stake in sports carmaker Ferrari from its owner.
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Australia's AGL buys Pulse for $880 million
Sydney: The Australian Gas Light Co beefed up its energy market presence today, buying Victorian electricity and gas retailer Pulse Energy for $493 million as disillusioned investors exited the sector.
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Xerox adjusts loss using new accounting methods
New York: Xerox Corp on Monday reported an adjusted first-quarter loss, trimming its original figure by using new accounting methods that led it last week to restate more than $6 billion in revenue over 1997 to 2001.
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Lawyer charged with stealing Enron's money
Washington: A lawyer was arraigned on Tuesday on charges he stole more than 380,000 pounds from collapsed US energy giant Enron.
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Fiat chief sees sale to GM in 2004 likely
Rome: The chairman and chief executive of troubled industrial group Fiat SpA sees the sale of loss-making car business Fiat Auto to General Motors in 2004 as the most likely option, Financial Times said on Tuesday.
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China ups foreign holding for domestic airlines
Beijing: China is to raise the foreign ownership limit for domestic airlines to 49 per cent from 35 per cent in an attempt to attract more overseas investment to the industry, officials said on Tuesday.
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