US stocks rise on China trade data

US stocks have opened with modest gains after last week's slump, lifted by encouraging China trade data that signalled renewed momentum in the economy and solid earnings from a key US homebuilder. In the first five minutes of trade on Monday,...

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Emirates' first-half profit up 104%

DUBAI'S Emirates airline says it posted a 104 per cent surge in net profits in the first six months of the current financial year thanks to rising passenger numbers. "In the first half of the 2012-13 fiscal year, Emirates net profit is 1.7 billion...

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China to reveal new leaders on Thursday

CHINA'S Communist Party will on Thursday unveil the new set of top leaders who will take over the reins of the country for the next decade, one day after their week-long congress ends, the party says. The widely expected timing was confirmed...

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Italian prosecutor charges S&P, Fitch

AN Italian prosecutor has filed charges of market manipulation against Standard & Poor's and Fitch ratings agencies over downgrades of Italy's credit rating that helped fuel the euro debt crisis. Following a two-year investigation, prosecutor...

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Russian growth slows to 2.9%

RUSSIA'S growth slowed to 2.9 per cent in the third quarter this year, the statistics office says, in a sign its economic activity is being hit by the global economic crisis. The Russian economy, hugely reliant on oil and gas exports, enjoyed...

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Oil demand to surge with US top producer

THE global thirst for oil will grow in the next two decades driven by demand from emerging nations and the rise of the United States as the world's top producer, the International Energy Agency says. Oil demand will increase by 14 per cent between...

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Parents plea for release of US journalist

THE parents of US journalist Austin Tice, who has been missing in Syria for three months, say they have not heard from him since he disappeared as they appealed for his release. Speaking to the media in Beirut, Mark and Debra Tice said they had...

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