US Airways raises bid for Delta
New York: US Airways Group Inc has raised its takeover offer for Delta Air Lines Inc by 20 per cent to $10.3 billion on Wednesday.

Last month Delta rejected the original bid, valued at $8.5 billion at Tuesday's market close, saying the company is worth at least $9.4 billion, and possibly as much as $12 billion, as an independent carrier.

The latest bid sets a Feb. 1 deadline for creditors to react.
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WTO talks may revive soon
Washington: EU Trade Commissioner Peter Mandelson and Japanese Trade Minister Akira Amari have declared their joint commitment to an early and ambitious final agreement in the Doha world trade talks, according to a statement by the EU Commission.

Amari's visit to Brussels was the latest in a flurry of meetings between top negotiators to try to resuscitate the World Trade Organisation's (WTO) Doha round of talks on lowering barriers to commerce after they all but collapsed last July.

US Trade Representative Susan Schwab met Mandelson in Washington this week and will travel to Geneva on Friday for talks with WTO chief Pascal Lamy, who called a halt to the talks six months ago because divisions were too deep to bridge.
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