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NYT > World Business
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China Losing Taste for Debt From U.S.
As the global downturn has intensified, Beijing is starting to keep more of its money at home, which could have painful effects for U.S. borrowers.
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Financial Scandal at Outsourcing Company Rattles a Developing Country
Satyam Computer Services, one of India?s largest outsourcing companies, significantly inflated earnings and assets for years, the chairman said before resigning.
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Possible Deal in Gazprom Dispute
Europe?s gas crisis appeared to be moving toward a solution, after Gazprom said it would resume shipments when monitors could verify the gas was being shipped to the West.
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In Europe, Mounting Signs of a Rapid Slowdown
Negative business sentiment, a hard-hit banking system and a global downturn are working their way through Europe with a vengeance.
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Marks & Spencer Plans Job Cuts and Closings
Marks & Spencer is the latest British retailer to be hit by the country?s worst downturn in more than 17 years.
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Lenovo Cuts 2,500 Jobs
The Lenovo Group, China?s biggest personal-computer maker, will cut about 2,500 jobs, or 11 percent of its work force, amid a worldwide economic slump.
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Bank of America Raises $2.8 Billion
Bank of America sold part of its holding in China Construction Bank, sending shares in China?s big banks skidding.
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Austria?s ?Woman on Wall St.? and Madoff
Sonja Kohn, who gathered billions for Bernard L. Madoff from investors in Russia and across Europe, has disappeared from view.
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Facing Losses, Billionaire Takes His Own Life
Adolf Merckle?s speculation in volatile Volkswagen shares pushed his sprawling empire to the edge of ruin.
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The Costly Compromises of Oil From Sand
Environmental groups in the U.S. and Canada are pushing for a slowdown to oil sands development.
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Toyota to Shut Factories for 11 Days
Toyota Motor will idle its plants in Japan for 11 days in February and March to reduce output in the face of steeply declining global vehicle sales, the company said Tuesday.
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China Criticizes Google and Others on Pornography
The Ministry of Public Security and six other agencies would work together ?to purify the Internet?s cultural environment,? the government said in a statement.
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Itineraries: Help in Hot Spots
For business travelers facing sudden illness or acts of terrorism, several companies offer help.
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Waterford Wedgwood Is in Receivership
High manufacturing costs, declining demand for luxury goods and a weak dollar overstretched the finances at the Irish maker of luxury crystal and ceramics.
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The Irish Economy?s Rise Was Steep, and the Fall Was Fast
The Irish developer Sean Dunne, who became a symbol of the country?s boom, faces a foundering economy.
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Manufacturing Reports Show Depth of Global Downturn
New reports from the world?s leading economies showed manufacturing continuing to slump amid the worst slowdown since the Great Depression.
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Worldwide, a Bad Year Only Got Worse
After a catastrophic year for global markets, analysts are cautioning investors not to expect the big rebound that usually follows a sharp downturn.
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Austria Picks Overseer for Bank in Madoff Case
The management of Bank Medici, which has emerged as one of the largest victims of the Madoff scandal, resigned, leaving day-to-day operations in the hands of an overseer.
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Madoff Investor?s Suicide Leaves Questions
Relatives said Rene-Thierry Magon de la Villehuchet ? who committed suicide in the wake of the Madoff scandal ? felt personally responsible losing his clients? money.
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Contradictions in China, and the Rise of a Billionaire Family
The story of Liu Yongxing ? a former factory worker who is now listed by Forbes as the wealthiest person in China ? is a peek into the changes facing China.
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Economy Blunts Korea?s Appetite for Plastic Surgery
An indicator of the economic doldrums in South Korea: Seoul?s obsession with plastic surgery is waning, and once-crowded clinics are closing.
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Citing Obama?s Win, European Ad Chief Is Hopeful
Maurice Lévy, chief executive of the Publicis Groupe, is facing a difficult economic environment with acquisitions in digital media and developing countries.
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As Trade Slows, China Rethinks Its Growth Strategy
In the last two weeks, Chinese officials have announced a series of measures to help exporters.
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Former Head of Chinese Dairy Pleads Guilty
The former chairwoman of one of China?s biggest dairy producers pleaded guilty to selling fake milk powder.
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UBS Sells Its Stake in Bank of China
The Swiss banking giant said that it had sold its stake at a discount and would book a gain of a ?few hundred million dollars? in the fourth quarter.
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Chinese Court Convicts 11 in Microsoft Piracy Case
Eleven people were convicted of roles in a counterfeiting ring that distributed pirated software around the world.
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World Business Briefing | Asia: Thailand: Airline Seeks Delay on Airbus Order
Thai Airways International will ask Airbus to delay delivery of six A330 planes because its cash is running low after an eight-day shutdown of the country?s main international airport.
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World Business Briefing | Asia: China: Government to Help College Graduates
China announced a series of measures aimed at helping millions of recent college graduates find work amid the deepening impact of the global financial crisis.
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