German Environment Minister Norbert Roettgen proposed a 15 percent cut in support for new roof-mounted solar power, a bid to ease the industry towards free competition but a slightly smaller reduction than expected. The cut

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Bank of America Corp reported a wider-than-expected quarterly loss, hurt by still-high loan losses and its repayment of US government bailout aid. But the nation's largest bank said its credit problems are beginning to stabilise.

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Bank of America Corp reported a wider-than-expected quarterly loss, hurt by still-high loan losses and its repayment of US government bailout aid. But the nation's largest bank said its credit problems are beginning to stabilise.

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The US Treasury said on Wednesday that proceeds from its repurchases of warrants from bailed-out banks have exceeded market indications and third-party estimates last year. In a new report on its warrant dispositions, the Treasury

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The US Treasury said on Wednesday that proceeds from its repurchases of warrants from bailed-out banks have exceeded market indications and third-party estimates last year. In a new report on its warrant dispositions, the Treasury

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New US housing starts unexpectedly fell in December, likely the result of unusually cold weather, while producer prices rose for a third straight month. The Commerce Department said on Wednesday housing starts fell 4 percent

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India's top three outsourcing companies are ramping up hiring and increasing pay as global corporations, mainly from the US, send more work offshore to cut costs as they emerge from the downturn. Tata Consultancy Services,

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Ford launched at the Detroit Motor Show the third generation of the compact Focus built on a completely new platform that is shared with the new Ford C-Max and seven other models. In contrast to

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Hong Kong remains the world's freest place to do business while the United States has lost its claim to an unrestricted economy, according to an annual report published Wednesday. Hong Kong, a former British colony

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Canada's economic recovery remained choppy in the fourth quarter, according to data that revealed a lack of inflationary pressure in December and a still-struggling manufacturing sector in November. Higher gasoline prices pushed the annual inflation

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