General Motors Europe announced on Thursday it is to close an entire car production plant in Belgium, making 2,600 workers redundant and ramping up an already tense climate of social unrest. "Our intention today is

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Iran will begin Thursday limiting the amount of money individuals can withdraw daily in what officials say is a measure to battle money laundering but analysts see as an attempt to curb inflation by slowing

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Greece's borrowing costs spiked on Thursday amid renewed market jitters over its ballooning public deficit, but the government said it was confident it could meet its financing needs. Greek bond spreads over benchmark German Bunds

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Britain's public sector borrowing totalled 15.7 billion pounds ($25.4 billion) in December, the government reported Thursday, a record for the month but still not as bad as market forecasts. The nation's net debt rose to

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China easily beat its 2009 growth target after a blistering fourth quarter performance that set the stage for further monetary tightening and put it on course to overtake Japan to become the world's second-largest economy.

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Gazprom plans to deliver gas to energy-hungry China from 2015, Deputy Chief Executive Alexander Medvedev said, as the company opens one of the world's largest economies for Russian supplies of the fuel. "We should finalise

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US and Russia agreed to more meat-trade discussions in coming weeks with the goal of resolving a dispute over meat shipments to Moscow, said a high-ranking Agriculture Department official on Wednesday. "We shared information and

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The European Union on Thursday cleared Oracle Corp's proposed $7.4 billion take-over of Sun Microsystems Inc, saying it would not significantly affect competition in the EU. EU antitrust chief Neelie Kroes said one of the

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Greece is confident it can meet its financing needs as it grapples with a ballooning budget deficit and may issue bonds in yen and dollars this year to do so, top Greek officials said on

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India's second-largest private carrier Kingfisher Airlines reported Thursday a higher third-quarter net loss but said the outlook for the industry was improving. Kingfisher, owned by liquor baron Vijay Mallya, said its net loss increased to

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