Down Under, gambling's set for big season
Sydney: Gaming firms are set to come up trumps in 01-02 profit season as gambling-crazy Australians continue to bet on horse races and feed coins into pokie slot machines, undeterred by tougher economic conditions. 
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Ford sells Kwik-Fit to CVC for $500m
New York: Ford Motor said on Monday that CVC Capital Partners, a European private equity group, intends to buy the companys European maintenance and light repair business Kwik-Fit. 
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FDI in China continues to show robust growth
Beijing: Foreign direct investment in China surged 22 per cent year-on-year in first seven months of 2002, well up on the 18.7 per cent recorded in the first half of the year, official figures showed on Monday. 
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US probing small businesses for terror ties: report
New York: US authorities are monitoring hundreds of Muslim and Arab small businesses across the United States looking for possible links between criminal scams and funding for militant groups overseas, The Washington Post reported in Monday editions.
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Federal Reserve likely to hold rates steady
New York: Federal Reserve officials are likely to keep interest rates at 40-year lows when they gather on Tuesday, but a loss of economic momentum has raised prospects the Central Bank could lower rates later this year to make certain the recovery doesn't stall.
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