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Rosy China growth forecasts fade on further signs of slowdown

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BEIJING (Reuters) - As evidence mounts that China's economy is losing momentum, economists are fast abandoning their rosy recovery forecasts and bracing for what could be the country's slowest growth rate in 23 years.Created 2 minutes ago
Durable goods orders point to factory resilience

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WASHINGTON (Reuters) - Orders for long-lasting U.S. manufactured goods rose more than expected in April, a hopeful sign that a sharp slowdown in factory output could soon run its course.Created 4 minutes ago
Henrik Fisker joins Hong Kong tycoon to salvage Fisker: sources

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DETROIT/BEIJING (Reuters) - Henrik Fisker is working with an investor group to salvage Fisker Automotive, the "green" car company he co-founded nearly six years ago that is now struggling to stave off bankruptcy, people familiar with the matter said this week.Created 16 minutes ago
Syria opposition seeks to unify as momentum for talks builds

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ISTANBUL (Reuters) - Syria's fractious opposition scrambled to agree a new leadership on Friday in a bid to present a coherent front at peace talks which the United States and Russia are convening to seek an end to more than two years of civil war.Created 19 minutes ago
Stretched by riots, Swedish police call reinforcements

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STOCKHOLM (Reuters) - Police in Stockholm called in reinforcements on Friday after youths set cars and a school ablaze in a fifth night of rioting, the worst to hit Sweden for years.Created 19 minutes ago
Former Giro winner Di Luca tests positive for EPO

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(Reuters) - Former Giro d'Italia winner Danilo Di Luca has been provisionally suspended after testing positive for the banned blood booster erythropoietin (EPO), the International Cycling Union (UCI) said on Friday.Created 34 minutes ago
World rowing body's chief Oswald runs for IOC top job

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LONDON (Reuters) - World rowing federation (FISA) boss Denis Oswald became the fifth candidate for the International Olympic Committee (IOC) presidency on Friday, with the Swiss sports administrator citing his long experience as an asset.Created 34 minutes ago
Etisalat makes top bid for Vivendi's Maroc Tel: sources

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PARIS/LONDON (Reuters) - Gulf telecom operator Etisalat has offered a higher price for Vivendi's Maroc Telecom stake than rival Qatari bidder Ooredoo, according to two people familiar with the matter.Created 38 minutes ago
Pakistan should consider IMF deal after reforms in place: adviser

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LAHORE, Pakistan (Reuters) - Pakistan's new leadership expects first results of its planned steps to shore up its finances and ease a power crisis in two or three months and only then should decide whether and on what terms to seek an IMF bailout, a senior policy adviser said on Friday.Created 44 minutes ago
One Direction sweeps awards for most popular social media stars

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SINGAPORE (Reuters) - British boy band One Direction has swept the inaugural awards recognizing the most popular people in social media globally, coming top in four out of 10 categories at a star-studded ceremony in Singapore.Created 50 minutes ago
Television wins new respect from movie elite at Cannes festival

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CANNES (Reuters) - Actors and directors gathered for the world's leading movie showcase in Cannes this week said television was increasingly luring top talent and should no longer be seen as artistically inferior to the big screen.Created 51 minutes ago
Taliban attack U.N. compound in Afghan capital: police



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KABUL (Reuters) - Taliban militants launched a coordinated attack on a U.N. compound in the center of the Afghan capital, Kabul, on Friday setting off explosions and battling the security forces.Created 55 minutes ago
Spain's Princess Cristina faces new tax probe



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MADRID (Reuters) - A Spanish judge has opened an investigation into Princess Cristina's tax returns after an earlier charge of being an accomplice in an embezzlement case against her husband was dropped.Created 56 minutes ago
Insight: Luxury brands position for U.S. boom

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PARIS/NEW YORK (Reuters) - Most men might balk at spending $600 on a pair of Dior sneakers but for U.S. shoppers like Ephraim, an upbeat 30-year-old, such indulgences are becoming increasingly commonplace.Created about an hour ago
China solar companies shun home market in pursuit of margins

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(Reuters) - Chinese solar panel makers are shunning their overcrowded home market in favor of lucrative exports, a switch that has helped to arrest a two-year slump in margins and push shares to 12-month peaks.Created about an hour ago
Wall Street slips on angst over longevity of Fed stimulus

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NEW YORK (Reuters) - Stocks fell for a third day on Friday amid lingering concern the central bank may scale back its support to the economy.Created about an hour ago
UK fighters escort Pakistan plane to airport, two arrests

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LONDON (Reuters) - British fighter jets escorted a Pakistan International Airlines passenger plane to Stansted Airport near London on Friday, where police went on board and arrested two men on suspicion of endangering an aircraft.Created about an hour ago
Spain's Princess Cristina faces new tax probe charge



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MADRID (Reuters) - A Spanish judge has opened an investigation into Princess Cristina's tax returns after an earlier charge of being an accomplice in an embezzlement case against her husband was dropped.Created about an hour ago
News Corp's publishing business to initiate stock buyback

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(Reuters) - News Corp set the distribution ratios for the spinoff of its publishing business and said the spinoff may start buying back stock right away.Created about an hour ago
Britain scrambles fighters as Pakistani airliner diverted

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LONDON (Reuters) - Britain launched fighter jets on Friday to escort a Pakistan International Airlines passenger plane arriving from Lahore in Pakistan to an airport near London after it was diverted from Manchester, the Defence Ministry said.Created about an hour ago
