| Today |
| 10:19 AM |
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Sprint raises Clearwire offer, not enough for some
Sprint Nextel Corp raised its buyout offer for wireless service provider Clearwire Corp to $3.  |
| 10:18 AM |
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Brazil Stocks Open Mixed as Embraer Climbs, HRT Plunges
Brazilian stocks opened flat on Tuesday as aircraft maker Embraer jumped on one of the largest plane orders in its history, while shares of oil company HRT Participacoes em Petroleo plunged on disappointing finds at a Namibian oil well.  |
| 10:14 AM |
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Swiss SNB Must Stick To EUR/CHF Floor for Now, IMF Says
The Swiss National Bank must maintain its policy of defending its exchange-rate floor as the country is still battling with deflation and fresh safe-haven inflows could again push the Swiss franc higher, reinforcing that trend and putting the country's exporters under further pressure, the International Monetary Fund said in its latest report Tuesday.  |
| 10:09 AM |
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OTP Plans to Buy Credigen Bank - Report
OTP Bank Nyrt.  |
| 10:08 AM |
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MARKET SNAPSHOT: U.S. Stocks Rise, With Fed Speakers On Tap
U.S. stocks rose on Tuesday, with investors expected to scrutinize speeches by two Federal Reserve officials for any clues as to when the central bank may begin to scale back its $85-billion-a-month asset-purchase program.  |
| 09:42 AM |
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Philip Morris to Buy Grupo Carso's 20% Stake in Mexico Unit for $700 Million
Philip Morris International Inc. (PM) has agreed to buy Grupo Carso SAB's (GPOVY, GCARSO.MX) 20% stake in its Mexico tobacco business for about $700 million, giving the tobacco company complete ownership of its Mexican unit.  |
| 08:20 AM |
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Best Buy profit tops estimates, sales miss
Best Buy Co Inc reported weaker-than-expected quarterly sales on Tuesday and warned that a slew of investments to win back shoppers could squeeze profits in the near term.  |
| 08:19 AM |
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Risky Bank Debt Insurance Costs Drop as New Rules Loom
Traders and investors are dumping contracts designed to protect them against losses on bank bonds, not because they feel more relaxed about the risk on these bonds, but because proposed new rules on how these insurance-like instruments work could render older contracts worthless.  |
| 08:09 AM |
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Vodafone says comfortable with Verizon Wireless status quo
Vodafone said on Tuesday that it was very comfortable with its successful U.S. joint venture Verizon Wireless, but if an offer materialized that would benefit it more than the status quo, it would consider it.  |
| 07:58 AM |
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Temasek Bought US$198 Million Of ICBC Shares Sold By Goldman Sachs
Singapore state investment company Temasek Holdings Pte. Ltd. bought part of the shares sold by Goldman Sachs Group in Industrial & Commercial Bank of China Ltd. (1398.HK), in its latest acquisition of Chinese bank stakes.  |
| 07:37 AM |
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Best Buy Profit Beats Estimates, Sales Miss
The consumer electronics chain reported weaker-than-expected quarterly sales and warned that a slew of investments to win back shoppers could squeeze profits in the near term.  |
| 07:36 AM |
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China Central Bank Denies Report on Capital Account Liberalization Proposal
The People's Bank of China Tuesday denied a local news report that the central bank governor and prominent economists have advised Chinese leaders on a plan to fully liberalize the country's capital account by the end of 2015.  |
| 07:25 AM |
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AutoZone profit rises as costs fall
AutoZone Inc , the largest U.S. auto parts retailer, reported a 7 percent rise in quarterly profit as costs fell.  |
| 07:24 AM |
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Italy Banks' Lobby ABI: 2012 Profit Falls by 80%
Italian banks' profitability declined by 80% to 1 billion euros ($1.3 billion) in 2012 as the recession affecting the country continued to weigh on banks' bottom line, the country's association of banking, ABI, said Tuesday. ABI said that if one-off write downs, carried out by banks during last year, were taken into account, the aggregate results for the sector become a EUR1.8 billion net loss.  |
| 07:22 AM |
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Housing recovery boosts Home Depot results; outlook raised
Home Depot Inc reported higher-than-expected quarterly results and raised its sales and profit outlook for the year as the world's largest home improvement chain benefited from a nascent recovery in the U.S. housing market.  |
| 07:22 AM |
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Futures Flat; Fed Remains in Focus
U.S. stock-index futures budged little Tuesday as traders continued questioning when the Federal Reserve will begin tapering its vast bond-buying program.  |
| 07:13 AM |
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LONDON MARKETS: U.K. Stocks Extend Gains To 12-year High
U.K.'s benchmark stock index flirted with a more than 12-year high on Tuesday, with mining firms recouping parts of the prior day's losses and Capita PLC rallying after contract news.  |
| 07:07 AM |
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Economy Could Put European Rally in Jeopardy
Weakness in the European economy could put the continent's stock rally in question despite aggressive easing programs from central banks.  |
| 07:02 AM |
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Bank Indonesia Allows DBS to Buy 40% of Danamon
Bank Indonesia Tuesday approved the sale of 40% of PT Bank Danamon to DBS Group, but Governor Darmin Nasution said DBS would be allowed to acquire additional stake only if Indonesian banks get the green light to open full-fledged branches in Singapore.  |
| 06:55 AM |
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Vodafone keeps Verizon payout to make up for European slump
Vodafone will reinvest a $3.  |
| 06:22 AM |
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Home Depot quarterly profit, sales rise
A nascent recovery in the housing market helped Home Depot Inc report higher quarterly sales and earnings on Tuesday, prompting the world's largest home improvement chain to boost its sales outlook for the year.  |
| 06:00 AM |
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Lanxess S Africa Mine Security Disperse Striking Employees With Rubber Bullets
Security officials used rubber bullets to help disperse a crowd of striking miners at the South African Lanxess chrome Mine Tuesday, where employees have been on strike since last week.  |
| 05:25 AM |
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LONDON MARKETS: U.K. Stocks Extend Gains To 12-month High
U.K.'s benchmark stock index flirted with a more than 12-year high on Tuesday, with mining firms recouping parts of the prior day's losses and Capita PLC rallying after contract news.  |
| 05:24 AM |
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ASIA MARKETS: Hong Kong, Sydney Stocks Fall; Tokyo Ends Up
Australian stocks declined, and Hong Kong equities snapped a three-day winning run on Tuesday, weighed by overnight losses on Wall Street and uncertainty over U.S. monetary policy.  |
| 05:23 AM |
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Mondi Appoints Fred Phaswana as Joint Chairman
Mondi PLC (MNDI.LN), a packaging and paper group, Tuesday announced the appointment of Tshamano Mohau Frederik Phaswana as joint chairman with effect from June 1.  |
| 04:38 AM |
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Mining Services Feel Heat as Australia Resource Boom Cools
Service companies that rode the wave of investment in Australian resources are facing harder times, reporting a slew of earnings downgrades and preparing to move their focus overseas as a decade-long mining boom slows.  |
| 04:35 AM |
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Vodafone keeps Verizon payout after European weakness
Vodafone posted the largest ever fall in its main revenue measure on Tuesday, forcing it to keep a dividend from its healthy U.S. arm to compensate for a slump in southern Europe.  |
| 04:05 AM |
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EUROPE MARKETS: Europe Stocks Pause After Rally; Carnival Sinks
European stock markets dropped on Tuesday, taking a breather after climbing to multiyear highs in the prior day's session.  |
| 03:59 AM |
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Credit Suisse replaces Morgan Stanley as No. 2 Asia prime broker
The Asian prime brokerage unit of Credit Suisse has replaced Morgan Stanley as the second largest firm servicing the region's $148 billion hedge funds industry, a survey showed.  |
| 03:15 AM |
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Atlas Copco Gets Mining Equipment Order in India Worth EUR8 Million
Swedish engineering group Atlas Copco AB (ATCO-A.SK) said Tuesday it has won a repeat order for mining equipment worth EUR8 million from Hindustan Zinc Ltd. (500188.BY).  |
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