Archive for the January 1, 2005
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The Russian government on Friday gave its long-awaited final approval for a major oil pipeline to the Pacific, enabling exports to Japan and the United States, and thus finally dropping the idea of a route
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France's unemployment rate held steady at 9.9 percent in November, dragging on the eurozone's second biggest economy and leaving economists pessimistic about the prospects for a strong French recovery in 2005. The Labour Ministry said
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India's economy grew 6.6 percent in the year through the July-September quarter, its weakest pace in more than a year, held back by a shrinking farm sector following poor monsoon rains, data showed on Friday.
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Former European Union trade chief Pascal Lamy is the best known of four candidates to stake a claim by Friday's deadline to lead the world's top trade body, but renown may not be enough to
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A devastating tsunami that ravaged Sri Lanka's coastal resorts will hurt Sri Lanka's growth prospects in 2005, the Central Bank said on Friday, even as drought and high oil prices slowed third-quarter expansion. The economy
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IBM's PC unit piled up nearly $1 billion in cumulative losses in recent years, the company said in a filing on Thursday detailing the planned sale of the business to China's Lenovo Group. The merger
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Creditors of LG Card and its former parent, LG Group, agreed on Friday a $960 million lifeline for South Korea's biggest credit card company, averting a corporate collapse that had threatened the economy. LG Group,
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Oracle Corp has replaced PeopleSoft Inc's co-presidents, after taking control of the rival software maker earlier this week, according to a regulatory filing. PeopleSoft Co-President and Chief Financial Officer Kevin Parker and Co-President Phillip Wilmington
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Across West Africa, people queued at bank counters on Friday to swap their grubby old CFA franc banknotes for new ones in the closing hours of a region-wide changeover, some clutching their life savings. The
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Lithuania on Friday started shutting down unit one of its Chernobyl-style Ignalina nuclear power plant, in line with a promise to the European Union to close the facility in the coming years. "The capacities at
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