Renminbi hits high against US dollar
The Chinese currency strengthened beyond Rmb7 to the dollar for the first time since 1994 as the country's economic growth speeds on under inflationary pressure
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Eurozone warned on impact of credit crisis
The global financial turmoil could last longer and have a broader impact on the region's economy than previously thought, the ECB warned, even as it left rates unchanged
China signs two big LNG deals with Qatar
China signed two multibillion dollar, long-term deals to buy liquefied natural gas from Qatar, marking a milestone in Asia's evolution as the hottest market for the fuel
Frontier files for bankruptcy
Low cost carrier files for bankruptcy protection, becoming ther latest victim in the aviation shake-up
H&M emerges as Europe’s most valuable brand
The Swedish group was named as the continent's most valuable brand, beating rival Zara and British chain Marks and Spencer
Bolloré makes fifth move on Aegis
French investor Vincent Bolloré resumed his siege of the advertising and marketing group Aegis
House derails Colombia trade agreement
US lawmakers voted to stall consideration of a controversial free trade agreement with Colombia, in an unprecedented move that critics and the White House portrayed as a huge setback for
IMF rejects criticism over global turmoil
The International Monetary Fund rejected claims that it should have better foreseen the onset of a global financial crisis and instead singled out the US for refusing to adopt its
American cancels another 1,500 flights
Chaos gripped US airports for a third straight day as American Airlines cancelled about 1,500 more flights amid growing criticism of the aviation regulator
Upbeat Wal-Mart lifts Wall Street
US equities overcame a wobbly start to close higher as improved profit forecasts from Wal-Mart and a series of upgrades for technology shares helped damp fears that first-quarter corporate earnings
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