Bankrupt UAL Corp, parent of United Airlines, on Monday reported a wider quarterly loss as reorganisation expenses drove the company deep into the red. The No 2 US airline said its net loss amounted to

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A group of investment banks launched a service on Monday to send trading ideas to their clients across a single technology platform, rather than the many different systems currently being used. Merrill Lynch, Citigroup, Credit

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Opec expects world oil prices to stabilise in a range of $45-$55 per barrel next year and has ample spare capacity to meet demand, acting Secretary-General Adnan Shihab-Eldin said on Monday. "I see the prices

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Tumbling stock prices and a high-profile bankruptcy in the United States mean October is likely to be the worst month for hedge funds since the 2000 equities crash, industry participants say. However, they do not

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Tumbling stock prices and a high-profile bankruptcy in the United States mean October is likely to be the worst month for hedge funds since the 2000 equities crash, industry participants say. However, they do not

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China's top offshore oil and gas producer, CNOOC Ltd, said on Monday its third-quarter revenue surged 31 percent thanks to high energy prices and rising output. Several analysts said the revenue was roughly in line

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China's top offshore oil and gas producer, CNOOC Ltd, said on Monday its third-quarter revenue surged 31 percent thanks to high energy prices and rising output. Several analysts said the revenue was roughly in line

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Spain's Telefonica won over mobile group O2's management with a 17.7 billion pound ($31.6 billion) cash bid on Monday, sparking hopes of a bidding battle for one of the sector's top take-over targets. Financially-powerful Telefonica,

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Spain's Telefonica won over mobile group O2's management with a 17.7 billion pound ($31.6 billion) cash bid on Monday, sparking hopes of a bidding battle for one of the sector's top take-over targets. Financially-powerful Telefonica,

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US consumer spending rose moderately last month as Americans dug deep to fill gas tanks, while hurricane insurance payments led to the biggest jump in income in 10 months, a government report showed on Monday.

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