Chinese official calls for enlarging bilateral trade
Beijing: The current level of bilateral trade between India and China, the worlds two biggest countries, is not enough for their size and it needs to be increased, according to a senior Chinese official.
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Malaysia spares Grand Prix from tobacco ad ban
Kaula Lampur: Malaysia will ban tobacco advertising and sponsorship from next January, but money-spinning Formula One grand prix and soccer events will enjoy temporary reprieve from the ruling, the government said.
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AT&T, AOL Time finalise details of $9-bn JV deal
Philadelphia: AT&T and AOL Time Warner sorted on Tuesday the final details of a $9-bn agreement to unravel their complex Time Warner Entertainment joint venture, sources familiar with the situation said. Were just dotting the Is and crossing the Ts, said one source.
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Enron sues publishers for pulling out of deal
Washington: Enron has filed lawsuits against Tribune and Knight Ridder, seeking to hold the newspaper publishers to newsprint contracts signed before it filed for bankruptcy in December.
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Citigroup spins off Travelers to shareholders
New York: Citigroup, one of the United States most widely held stocks, doled out a stake in Travelers Property Casualty to its shareholders on Tuesday, completing the spin-off of the US No. 3 car, home and business insurer.
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Nestle sets eyes on 4% growth
Zurich: Nestle is sticking to its long-term target for 4 per cent real internal growth core sales that strip out acquisitions and currency effects but it could dip below that level in weak years, chief executive Peter Brabeck said on Wednesday.
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This Irish village can leave you star-struck
Killiney: A stroll through the picturesque Irish village of Killiney can be an unsettling experience for the star-struck.
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16 companies CEO, CFOs fail to certify accounts
New York: Sixteen of 691 large US companies whose top officers were ordered by the government to certify the accuracy and completeness of past financial results by August 14 failed to do so, regulators said.
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Opec told to ease supply curbs ahead of winter
The International Energy Agency, representing the interests of the major oil-consuming nations of the West, on Wednesday urged Opec to ease its supply curbs ahead of higher winter demand.
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Tyco investors gear up for a boardroom brawl
New York: Tyco International investors led by activist Ralph Whitworth may mount a proxy fight for several board seats unless Tyco replaces every director who served under the predecessor of new leader Edward D Breen, the Wall Street Journal
reported on Wednesday.
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AOL Time Warner may make cable TV arm public next year
Philadelphia: AOL Time Warner Incs cable-television arm could go public as early as next year as a result of a deal that was being finalised among AOL, AT&T Corps and Comcast Corp that unwinds a 10-year cable and content partnership holding several key AOL assets.
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