Greece and Portugal have sought technical advice from the World Bank to help their economies recover from deep fiscal crises and talks are at the early stages, bank President Jim Yong Kim said on Sunday at the G20 meeting in Mexico. It is the first time in recent history that developed countries have turned to
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Asian shares fell on Monday and the dollar firmed as investors shied away from risk ahead of the closely fought U.S. presidential election, the result of which could define a clear direction for broader markets. U.S. stock futures suggested a firm Wall Street start, with a 0.2% rise, but European shares were seen falling, with
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Leading world economies pressed the United States on Sunday to act decisively to avert a rush of spending cuts and tax hikes, warning that the so-called fiscal cliff is the biggest short-term threat to global growth. Unless a fractious Congress can move swiftly to reach a deal after the U.S. elections on Tuesday, about $600
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Two weeks before a high-stakes trial pitting Google's Motorola Mobility unit against Microsoft, Google made what has become a common request for a technology company fighting for billions of dollars: A public court proceeding in San Francisco, conducted largely in secret. Google and Microsoft, like rivals embroiled in smartphone patent wars, are eager to keep sensitive
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Hyundai Motor Co and its affiliate Kia Motors Corp overstated the gasoline mileage for more than 1 million 2011-2013 model year cars in the United States and Canada, and will offer debit cards to customers to make up the difference. The companies did not disclose how much the program would cost other than to
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Liverpool will have funds to strengthen their squad in January after the last transfer window left it thin on the ground, manager Brendan Rodgers said on Friday. Former Swansea City boss Rodgers, who replaced Kenny Dalglish in the close-season, has endured a frustrating start to his Anfield reign with just two wins from the first
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Manchester United captain Nemanja Vidic is likely to be out of action until Christmas, manager Alex Ferguson said on Friday. "I think we're talking around December for Vidic, maybe around Christmas time," Ferguson told the club's television channel. The 30-year-old defender missed half of last season with a cruciate ligament injury, but after playing in
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Formula One teams face a stiff hike in entry fees for next year's championship with the winning constructor having to pay $6,000 for every point scored this season as well as a basic charge of $500,000. The governing International Automobile Federation (FIA) spelled out the new fee structure in Appendix seven of the 2013 sporting
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Frustration grew for superstorm Sandy's victims in the U.S. Northeast on Friday, many of whom were left with no power, no gasoline and little information about when their shattered lives might return to normal. While Manhattan prepared to host the annual New York City Marathon on Sunday, acute gasoline shortages in the city's storm-battered outer
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Britain's top share index ended with tiny gains on Friday as mixed U.S. data failed to move bullish investors who remained cautious ahead of the upcoming U.S. elections. The UK's blue chip index closed up 6.63 points at 5,868.55. The index traded in a 40-point range all day and in weak volumes, suggesting fund managers
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