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There's
still scope for rate cuts: IMF MD
Washington: IMF managing director Horst Koehler said
on Sunday the world's major economies still had scope
for further monetary easing if necessary and that he did
not expect a global recession despite ongoing uncertainty.
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Berkshire
reports record profit of $4.3bn in '02
Omaha: Berkshire Hathaway, the holding company run
by billionaire investor Warren Buffett, reported its highest-ever
annual profit on Saturday, helped by rising insurance
rates and healthier returns from its expanding stable
of Old Economy companies.
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Kuwait,
Iraq oil ministers to skip Opec meet
Vienna: Kuwait and Iraq will be represented at Tuesday's
Opec meeting by their local ambassadors to Austria, officials
from the two countries said on Sunday.
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War
in Iraq to hurt global tourism bad
Berlin: War in Iraq could have a devastating impact
on the $460 billion global tourism industry still struggling
to recover from a slump after the September 11, 2001 attacks,
tourism experts from around the world said.
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China
becomes world's second biggest diamond polisher
Beijing: China has emerged as the world's biggest
diamond polisher after India, with the industry poised
to make a sparkling growth thanks to the country's economic
boom, an industry official has said.
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