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Archive for June, 2010

Asia stocks and commodities fall on China slowdown

June 30th, 2010
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HONG KONG (Reuters) – Asian stocks and commodities began the second half of the year on a sour note on Thursday, with Japanese stocks sliding to a seven-month low after manufacturing data showed China’s rapid economic growth was slowing.



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House passes landmark financial reform bill

June 30th, 2010
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WASHINGTON (Reuters) – The U.S. House of Representatives on Wednesday approved a landmark overhaul of financial regulations but the Senate put off action until mid-July, delaying a final victory for President Barack Obama.



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Fed officials see soft recovery and more uncertainty

June 30th, 2010
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BATON ROUGE, Louisiana (Reuters) – Jitters that financial strains may derail the U.S. economic recovery mean the Federal Reserve will be in no rush to end its ultra-low interest rates, comments by officials of the U.S. central bank suggested on Wednesday.



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Australia’s CHAMP says to buy ATF Services

June 30th, 2010
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SYDNEY, July 1 (Reuters) – Australia’s CHAMP Private
Equity has agreed to buy temporary fencing provider ATF
Services from Sydney-based Quadrant Private Equity, the company
said on Thursday.


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financials

UPDATE 3-Sumitomo buys stake in Usiminas unit for $1.93 bln

June 30th, 2010
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* Stake sale, capital plans seen as boosting asset value


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financials

Australia’s CHAMP says to buy ATF Services

June 30th, 2010
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SYDNEY, July 1 (Reuters) – Australia’s CHAMP Private
Equity has agreed to buy temporary fencing provider ATF
Services from Sydney-based Quadrant Private Equity, the company
said on Thursday.


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financials

RPT-UPDATE 1-Providence buys Australia’s Study Group

June 30th, 2010
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(Repeats to additional subscribers with no change to text)
(Adds detail)


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financials

Providence buys Australia’s Study Group for $570 mln

June 30th, 2010
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SYDNEY, July 1 (Reuters) – U.S. private equity firm
Providence Equity Partners has acquired university programme
provider Study Group from Australia’s CHAMP Private Equity for
$570 million, the company said in a statement on Thursday.


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financials

Mazda CEO says wants China JV with 50 pct stake

June 30th, 2010
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TOKYO, July 1 (Reuters) – The head of Mazda Motor Corp
said on Thursday he wanted a joint venture in China in
which the Japanese automaker would hold the maximum 50 percent
allowed instead of the 15 percent it now owns in a three-way
venture.


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financials

UPDATE 1-AIG CEO threatened to quit if chairman stays-report

June 30th, 2010
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NEW YORK, June 30 (Reuters) – American International Group
Inc Chief Executive Robert Benmosche said last week he
would quit unless Chairman Harvey Golub leaves the company,
Bloomberg reported on Wednesday.


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financials