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EU court rules US aviation deals break law
London: Europe's top court ruled on Tuesday that
bilateral aviation trade deals between EU governments
and the US broke EU law, in a judgment which Brussels
said could lead to airline mergers and a single transatlantic
'open skies' deal.
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Fed
slashes rates to reignite recovery
New York: The US Federal Reserve slashed interest
rates by an aggressive half percentage point to a fresh
four-decade low in a bold bid to reignite an economic
recovery in danger of stalling.
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Was
Cambridge ethics class fuelled by tainted cash?
London: The Daily Telegraph newspaper said on Wednesday
Britain's Cambridge University used a $2 million donation
from a disgraced US businessman to help fund classes in
boardroom ethics.
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Tariffs
to tumble as 14 Asian nations pledge free-trade plans
Phnom Penh: A host of long-term free-trade plans
involving 14 Asian countries led by China and unveiled
at the Asean summit talks this week will quicken the pace
of tariff liberalisation and complement multilateralism
efforts, officials and analysts said.
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Harvey
Pitt resigns as US SEC chief
New York: Harvey Pitt, the embattled chairman of
the US Securities and Exchange Commission, resigned on
Tuesday night, citing the turmoil surrounding his tenure.
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WorldCom,
SEC in settlement talks
Washington: WorldCom Inc and federal regulators
are in talks to settle fraud charges against the company,
as investigators made more damning accusations about its
practices, newspapers reported.
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Successors
being eyed amid SEC chief Pitt's ouster talks
New York: Several contenders are being looked at
to replace Harvey Pitt if he vacates the chairmanship
of the US Securities and Exchange Commission, said sources
close to the SEC on Monday.
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Fed
slashes rates to reignite recovery
New York: The US Federal Reserve slashed interest
rates by an aggressive half percentage point to a fresh
four-decade low in a bold bid to reignite an economic
recovery in danger of stalling.
Back
to News Review index page
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