Webster may stay on as US accounting board chief
Washington: Former FBI chief William Webster said on Thursday that he was still deciding whether to stay on as chairman of a new US accounting oversight board, doing little to dispel doubts that his tenure may be short as head of the two-week-old panel.

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Asia likely to follow Fed's lead, cut interest rates
Hong Kong: The Federal Reserve's aggressive rate reduction could spark a round of cuts in Asia, but the benefit would be blunted if regional currencies rally against the US dollar.
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Debt-laden Vivendi to cut water level, sell 40% stake
Paris: Debt-laden Vivendi Universal staged a dramatic retreat from its 150-year-old water business on Thursday, lining up a staggered sale of its 40% stake in utility Vivendi Environnement.
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