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  • Berlusconi, Bossi agreed to cut taxes

    2011-06-20 09:32

    Italian Prime Minister Silvio Berlusconi and Umberto Bossi, the head of the second leading party in the government coalition, announced Sunday that despite a series of political defeats they would move forward with their fragile partnership.

  • EU delays decision on emergency loans to Greece

    2011-06-20 09:25

    Euro zone finance ministers postponed a final decision on extending a further 12 billion euros ($17 billion) in emergency loans to Greece, saying Athens would first have to introduce harsh austerity measures.

  • Greece in crisis; EU wrangles over aid

    2011-06-20 09:21

    PM George Papandreou asked Greeks on Sunday to support austerity steps and avoid a catastrophic default, as European finance ministers discussed extending tens of billions of euros of aid to Athens.
    EU put next tranche of loans for Greece on hold

  • IMF cuts US growth forecast to 2.5%

    2011-06-17 23:34

    The fund warned Washington and European countries that they are "playing with fire" unless they take immediate steps to reduce their budget deficits.

  • Air Canada, workers reach tentative deal

    2011-06-17 14:24

    Air Canada and its striking workers reached a tentative contract deal Thursday shortly after the federal government introduced back-to-work legislation seeking to force the customer service agents back to their posts.

  • Capital One to buy ING's US online bank for $9b

    2011-06-17 14:18

    Capital One Financial Corp plans to buy ING Groep NV's US online bank for $9 billion in cash and stock, leapfrogging up the ranks of the largest US banks, the companies said on Thursday afternoon.

  • US may treat Internet curbs as trade barriers

    2011-06-17 09:47

    The United States is looking into ways to craft trade countermeasures that treat curbs on Internet commerce as nontariff barriers to trade, Commerce Secretary Gary Locke said on Thursday.

  • IMF hopeful woos China for votes

    2011-06-17 07:41

    Agustin Carstens, governor of the Mexican central bank, said on Thursday that China promised to take his bid to be the first non-European managing director of the International Monetary Fund (IMF) seriously and that the Chinese government is in the process of making a final decision.

  • Mulberry eyes US, China as business booms

    2011-06-16 19:17

    British luxury fashion brand Mulberry said it expects overseas sales to overtake those in its home market in two years, as it beat forecasts with a more than fourfold increase in profit.

  • S Korea, EU to meet over free trade pact

    2011-06-16 17:00

    South Korea and the European Union will hold talks next Tuesday to discuss preparations for their bilateral free trade pact scheduled to take effect next month, the foreign ministry here said Thursday.

  • Citigroup says 360,000 affected by hackers

    2011-06-16 14:53

    Citigroup Inc. says hackers stole the account information in a recent data breach of more than 360,000 US credit card customers, much higher than initially thought

  • Greek PM to reshuffle govt

    2011-06-16 11:01

    Greek Prime Minister George Papandreou plans to form a new cabinet on Thursday and seek a vote of confidence from his fractious Socialist party.

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