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Tuesday February 07, 2012


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    National Business
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    top story

    Boards of Xstrata and Glencore agree to merger terms

    LONDON - After years of courting, mining company Xstrata PLC and commodities dealer Glencore International PLC have agreed to marry in a $90 billion deal that would create the world's fourth largest natural resources group....

    posted: February 7,2012





    National Business

    Stocks head for lower open, Greek leaders in crisis talks to avoid default

    TORONTO - Greece was expected to weigh on stock markets for a second day Tuesday as the country’s leaders continued to attempt to reach an agreement on the terms of a second bailout in order to avoid looming bankruptcy....

    posted: February 7,2012

    Squeezed by creditors, Greek party leaders to hold new austerity talks amid general strike

    ATHENS, Greece - Greek party leaders on Tuesday will meet to seek a long-delayed agreement on harsh cutbacks demanded to avoid looming bankruptcy, amid intense pressure from its bailout creditors to reach a deal, a general strike...

    posted: February 7,2012

    ArcelorMittal posts $1 billion loss after big charges, sees decline in steel demand

    BRUSSELS - Several large charges for taxes and restructuring pushed ArcelorMittal into a deep loss in the fourth quarter and the steelmaker warned Tuesday that concerns over Europe's economy had hit demand....

    posted: February 7,2012

    BP hikes dividend after strong fourth quarter, sees end to Gulf damage payments

    LONDON - BP PLC has raised its quarterly dividend by 14 per cent after posting double-digit gains in profit and revenue in the last three months of 2011 despite further big payments to compensate for the disastrous oil spill in the Gulf of ...

    posted: February 7,2012

    ArcelorMittal posts $1 billion loss in Q4 but cautiously optimistic over upcoming steel demand

    BRUSSELS - Steel maker ArcelorMittal was cautiously optimistic about its near-term prospects even after it reported a heavy fourth quarter loss generated by a deteriorating European economy and big tax and restructuring charges....

    posted: February 7,2012

    Workers at Centerra gold mine in Kyrgyzstan go on strike

    BISHEK, Kyrgyzstan - Centerra Gold Inc. (TSX:CG) says it workers at a gold mine in the Central Asian nation of Kyrgyzstan have gone on strike....

    posted: February 7,2012


    Toyota raises earnings forecast despite quarterly profit decline on disaster, flooding, yen

    posted: February 7,2012

    Coca-Cola 4Q profit falls, adjusted results beat expectations on rising drink sales

    posted: February 7,2012

    GlaxoSmithKline Q4 and full-year profits rise as restructuring pays off

    posted: February 7,2012

    South African mining minister says nationalization not an option

    posted: February 7,2012

    Walmart Canada to spend $750 million this year on new, remodelled stores

    posted: February 7,2012

    Bernanke, in testimony to Congress, likely to back low-rate stance despite jobs growth

    posted: February 7,2012

    Nevsun says it will mine up to 210,000 gold ounces this year from African project

    posted: February 7,2012

    German production figure worse than expected as Europe's largest economy slows

    posted: February 7,2012

    Swiss watchmaker Swatch reports 18 per cent jump in net profit to $1.39 billion in 2011

    posted: February 7,2012

    Global markets nervous as Greek crisis talks continue on big day of strikes

    posted: February 7,2012

    French oil firm Total SA announces work to boost oil production at offshore site near Nigeria

    posted: February 7,2012

    Spain's Santander covering real estate assets with additional €2.3B to meet new provisions

    posted: February 7,2012

    Bernanke, in testimony to Congress, likely to back low-rate stance despite strong jobs report

    posted: February 7,2012

    UBS posts fourth-quarter earnings drop to 393 million francs, after rogue trade scandal

    posted: February 7,2012

    Sohu.com posts better-than-expected profit, but shares fall on weak 1Q outlook

    posted: February 7,2012




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