Loan losses cost JP Morgan dear
New York: JP Morgan Chase, the No 2 US banking company, posted a sharp drop in quarterly profit on Wednesday on loan losses and weak trading results, and said it plans to cut more than 2,000 jobs and take $450m in severance and restructuring charges.

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Merrill net up 22% on cost cuts
New York: Merrill Lynch, the No 1 brokerage in the United States, has reported a 22 per cent increase in quarterly profit, as a dramatic restructuring last year slashed costs and boosted results.
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US, Europe to blame for global trade disputes: WTO chief
Geneva: The United States and Europe are "inadvertently encouraging" trade disputes around the world with their "frequent bickering", the new head of the World Trade Organisation has said.
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UN Conference on climate change on Oct 23
Washington: The United Nations Conference on Climate Change beginning on October 23 here will review the actions taken by various countries to mitigate the climate change by reducing emission of greenhouse gases.
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