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Reuters: Business News
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Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.
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BP may sell German petrol stations for £1.66 billion
VIENNA (Reuters) - BP Plc is seeking to sell its German petrol station chain Aral for around 2 billion euros (1.66 billion pounds), German magazine Wirtschaftswoche reported on Saturday, citing investment bankers familiar with BP's plans.
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Imports slow U.S. Q2 growth as business spending surges
WASHINGTON (Reuters) - U.S. economic growth slowed in the second quarter as companies invested heavily in equipment from abroad and the pace of consumer spending eased, raising concerns about the recovery in the rest of 2010.
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IMF urges more "credible" fiscal targets in Spain
WASHINGTON (Reuters) - Spain's fiscal consolidation plan is ambitious but based on potentially optimistic economic projections and targets should be made more credible, the International Monetary Fund said on Friday.
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Li Ka-shing to buy EDF's UK grids for £5.8 billion
LONDON/HONG KONG (Reuters) - Hong Kong billionaire Li Ka-shing is to buy UK power grids from France's EDF for 5.8 billion pounds, the biggest full European acquisition by a North Asian group.
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FTSE ends down after weak U.S. growth
LONDON (Reuters) - Britain's leading share index ended lower on Friday, led by falls in commodity stocks after weak U.S. growth data raised fresh concerns about the global economic recovery.
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Sterling hits 5-month high vs dollar
LONDON (Reuters) - Sterling hit a five-month high versus the dollar on Friday on month-end demand for higher-risk currencies, as investors were unconvinced slightly weak U.S. economic data meant the country was set for a double-dip recession.
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RBS may seal branches and WorldPay sales Tuesday - source
LONDON (Reuters) - Royal Bank of Scotland could complete the sale of a network of UK branches and its payment processing business as early as Tuesday, fetching up to 4.3 billion pounds, a person familiar with the matter said.
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Investor pressure to oust Prudential executives waning - sources
LONDON (Reuters) - The pressure on Prudential chief Tidjane Thiam to quit in the wake of the insurer's failed bid for Asian rival AIA has eased, with big investors refusing to put their weight behind an attempt to remove him.
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