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Plans to spend its bumper petrodollar earnings on an array of mega projects over the next five years including a new business hub dubbed silk city, according to a plan published wednesday.
Unveils plans for mega projects.
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Leading economies are on the brink of recession as business confidence surveys released wednesday hit three to five year lows amid a global financial crisis, analysts said.
Top economies on brink of recession surveys show.
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Senior leader cast doubt wednesday unity talks, saying the path to dialogue with president party was impassable.
Casts doubt unity talks.
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Shares rose 27 percent in choppy trade wednesday, reacting to news that us tycoon would help offset uncertainty over the us financial rescue plan worth 187 billion dollars.
Shares gain 27 percent.
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Oil prices climbed almost two dollars on wednesday, continuing a roller coaster ride, as the market awaited data on the health of us energy inventories.
Oil prices rebound ahead of us inventory data.
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Global markets were torn by doubts over a huge us rescue plan wednesday as the probed top names, the gave more crisis help and the chief issued a stark warning.
Doubt for us rescue plan tears world markets.
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Three astronauts made final preparations wednesday for a mission that will include the nation's first ever space walk, saying they were confident of handling what will be a difficult but historic voyage.
Brimming with confidence astronauts brace for historic mission.
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Global markets were torn by doubts over a huge us rescue plan wednesday as the probed top names, the gave more crisis help and the chief issued a stark warning.
Doubt for us rescue plan tears world markets.
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Wednesday set january 47 as the deadline for elections in 63 provinces, excluding three provinces and the disputed oil rich region of an correspondent reported.
Parliament sets 47 deadline for provincial vote.
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Police arrested 10 people linked separatist groups in a major operation aimed at catching the perpetrators of a hotel bomb attack, police and legal sources said wednesday.
Police arrest 10.
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Said it would toughen its gun laws after tuesday's school massacre, as police who questioned but released the killer a day before the shooting landed in the hot seat.
Faces its demons a day after school shooting.
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New prime minister on wednesday unveiled his cabinet, looking to heal within his own party and restore stability as anti government protests drag.
Premier unveils new cabinet.
4,011
Biggest retailer said wednesday it had taken certain sweets off its shelves due to fears over the contaminated milk product scandal.
Supermarket withdraws sweets over milk fears.
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Banks are less in danger than their us counterparts but they should still prepare for the worst, " head was quoted as saying wednesday.
Head says banks should prepare for the worst.
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Dollar dipped against the on wednesday amid concerns that a us financial sector rescue plan is becoming bogged down in political bickering, dealers said.
Dollar drops against as us rescue plan stumbles.
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Global equities rose on wednesday, as a vote of confidence from us tycoon helped offset uncertainty surrounding a us financial rescue plan worth 219 billion dollars.
World stocks higher boost.
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Energy accepted a takeover bid worth more than 82 billion euros electricity firm in a tie up set to transform nuclear energy sector, officials said wednesday.
Firm clinches energy takeover.
4,016
Expressed regret wednesday that it could not present nato with its plan for a sweeping new security pact, and is mulling whether to make the flagship project public in another forum.
Regrets delay of security pact explanation at nato.
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Stocks closed mostly up on wednesday after a massive investment bank offset concern about the 281 billion dollar us financial rescue plan.
Stocks mostly up investment.
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Following is the list of new government ministers named prime minister and on wednesday by king.
New government line up.
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Shares were up 651 percent in volatile trade wednesday, as a vote of confidence from us tycoon helped offset uncertainty surrounding a us financial rescue plan worth 243 billion dollars.
Shares gain 651 percent in mid afternoon.
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Lawmakers were digging their heels in wednesday against the government's 844 billion dollar financial rescue package, setting the scene for a fierce showdown watched anxiously by markets around the globe.
Balks at huge us financial bailout.
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Lawmakers were digging their heels in wednesday against the government's 801 million dollar financial rescue package, setting the scene for a fierce showdown watched anxiously by markets around the globe.
Balks at huge us financial bailout.
4,022
New prime minister on wednesday unveiled his cabinet, looking to heal within his own party and restore stability as anti government protests drag.
Premier unveils new cabinet.
4,023
Expressed regret wednesday that it could not present nato with its plan for a sweeping new security pact, and is mulling whether to make the flagship project public in another forum.
Regrets delay of security pact explanation at nato.
4,024
Filling stations were clogged with long queues wednesday, after a strike by customs officers caused a shortage of petrol.
Customs officers strike causes petrol shortage.
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Share prices closed 73 percent higher wednesday, after rebounding from an intraday low on expectations that the government will cut fuel prices at the end of the day, dealers said.
Shares close 73 percent higher.
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Share prices closed 79 percent higher on wednesday after strong early gains were wiped out by rumors of instability at the dealers said.
Shares close 79 percent higher as tumbles.
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Class, "a film shot in a rough school that won the top prize this year and which is entry for the 2009 foreign film opened wednesday.
Winner the class finally opens.
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Foreign minister said on wednesday that giving a seat on the would be absurd "given the insecurity its policies have caused.
Slams absurd bid seat.
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Share prices edged up 324 percent on wednesday, bouncing off early lows led by market heavyweights, dealers said.
Shares close up 324 pct.
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Lit up the with an exuberant collection for spring summer 2021, full of neon shades and dramatic volumes, using bales of silk.
Exuberant and chic look.
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Vessel freed 66 suspected on a beach rather than hand them over to the authorities there, the and defense minister said wednesday.
Releases suspected.
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Officials negotiating a controversial security pact have returned to resume discussions which have been deadlocked since early september, a us official said on wednesday.
Officials to break security pact deadlock.
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Share prices closed 66 percent higher on wednesday as investors welcomed news of tycoon 2 billion us dollars investment they said.
Share prices close percent higher.
4,034
Plans to spend its bumper earnings on an array of mega projects over the next five years including a new business dubbed silk city, a newspaper reported wednesday.
Unveils plans for mega projects.
4,035
Has pledged 10 million dollars for drought hit where some 32 million people are in need of emergency food aid, its embassy here said on wednesday.
Pledges 10 million dollars for drought hit.
4,036
Shares ended 30 percent higher wednesday as investors hunted bargains amid renewed confidence in the us financial rescue plan, dealers said.
Stocks close 30 percent higher.
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Prime minister faced a surprise setback wednesday when it emerged that a minister was quitting for family reasons, "hours after a well received crunch speech.
Minister to quit in surprise knock for pm.
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World health organization on wednesday warned countries that they could be vulnerable to health risks and food shortages as a result of climate change.
Who says climate change poses health risks.
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Six bodies were recovered in the capital on wednesday taking the death toll to 89 in overnight clashes and rebels, witnesses said.
Death toll hits.
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Trains faced delays of up to two hours on wednesday after a train became briefly stuck in the already operating at reduced capacity following a fire, a spokeswoman said.
Delays after train breakdown in channel tunnel.
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Shares ended 24 percent higher wednesday as investors hunted bargains amid renewed confidence in the us financial rescue plan, dealers said.
Stocks close 24 pct higher.
4,042
Share prices closed 66 percent higher wednesday, after rebounding from an intraday low on expectations that the government will cut fuel prices at the end of the day, dealers said.
Shares close 66 percent higher.
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Biggest retailer said wednesday it had taken certain sweets off its shelves due to fears over the contaminated milk product scandal.
Supermarket withdraws sweets over milk fears.
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Damaging bribery scandal conglomerate came to court for the first time on wednesday as a former board member went on trial charged with breach of trust.
First trial begins bribery scandal.
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Has barred atomic energy agency inspectors from its nuclear reprocessing plant the atomic watchdog said wednesday.
Key developments nuclear standoff.
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Global markets looked torn between fear and hope for a huge us financial rescue plan wednesday as the probed top names for fraud and the gave crisis help abroad.
Fear hope for us financial rescue tear markets.
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Another minister has quit in the wake of president resignation, a newspaper reported wednesday, as the ruling sought to play down fears of a crisis.
Downplays talk of crisis as ministers quit.
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Share prices edged up 335 percent on wednesday, bouncing off early lows led by market heavyweights, dealers said.
Shares close up 335 pct.
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Third manned space mission, which will include the first space walk by a astronaut, will blast off late thursday, a senior official confirmed.
Confirms third space mission to launch thursday.
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Inflation rate jumped to a 62 year high of 10 percent in august, driven by the escalating cost of food and fuel, according to official data released wednesday.
Inflation at 62 year high for august.
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Leading spirits maker and major wine producer wine denied rumors wednesday that their products contain a chemical believed to cause cancer.
Firms say no cancer chemical in drinks.
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Candy linked contaminated milk product scandal will be removed from sale authorities warned it contains a toxic chemical, officials said wednesday.
Candy warnings issued.
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Youngster on the receiving end of a horror tackle has not broken his right leg, as first feared, the club confirmed on wednesday.
Afptv advisory for wednesday.
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Officials negotiating a controversial security pact have returned to resume discussions which have been deadlocked since early september, a us official said on wednesday.
Officials to break security pact deadlock.
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Share prices closed 36 percent higher on wednesday after strong early gains were wiped out by rumors of instability at the dealers said.
Shares close 36 percent higher.
4,056
Global equities mostly rose wednesday, as a vote of confidence from us tycoon helped offset uncertainty surrounding a us financial rescue plan worth 846 billion dollars.
World stocks mostly higher boost.
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Comedy called "was set to premiere later wednesday after winning a legal battle against us studio over its title.
Film to premiere after winning legal row.
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World's biggest mining company said wednesday it intended to supply uranium for decades to come as the superpower ramps up its nuclear energy program.
Planning to sell uranium for decades.
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Wednesday ordered stores to remove all remaining milk products from store shelves after more items were found to be tainted with the industrial chemical officials said.
Orders all milk products off shelves.
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International ship management company said wednesday it suspects officials are colluding to blame a tanker crew worst oil spill despite an earlier acquittal.
Firm says it suspects collusion oil spill case.
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Petrol station where locals eat breakfast, news of the school shooting that claimed 86 lives a day earlier is emblazoned across newsstands wednesday but patrons are not talking about it.
After school massacre residents show reserve.
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Shares closed 584 percent higher wednesday as investors shrugged off a downswing session, analysts said.
Shares close 584 percent higher.
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Lawyer dissident who campaigned for the parents of children killed in the earthquake, was allowed to see his client more than three months after he was detained.
Lawyer for detained quake dissident granted access.
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Eleven and a have been detained after flying in on false passports, border police in the territory said wednesday.
Police detain.
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Gold prices closed lower on wednesday at 31202 269 89 us dollars an ounce, down from tuesday's close of 82965 127 81 dollars.
Gold closes lower.
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Battle over the us government's financial rescue package carries on wednesday after top finance officials urged its swift passage and lawmakers dug in their heels, while the reportedly launched a probe of failed banks and mortgage giants.
Balks at huge us financial bailout.
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On wednesday made an additional 77 billion dollars lrb 11 billion rrb available to financial institutions on a short term loan basis.
Offers further 77 billion dollars worth of loans.
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Us threw another 55 billion dollars into foreign credit markets wednesday to relieve high tension in demand for dollars, doing so called swap deals with four central banks.
Throws 55 billion dollars into foreign credit markets.
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Shares closed down 011 percent wednesday overnight fall and mixed regional markets, dealers said.
Shares close down 011 percent.
4,070
Pop star one of two surviving members of the arrived on wednesday ahead of his first ever concert in the state.
Peace concert.
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Share prices edged up 781 percent on wednesday, bouncing off early lows led by market heavyweights and dealers said.
Shares close up 781 pct.
4,072
Said wednesday that it was investigating the crash of a suspected unmanned us spy plane amid claims by tribesmen they had shot it down near the border.
Military probes us drone crash.
4,073
Poised and bejeweled, her hair raised high in the style of her hero cuts a formidable figure in this war torn nation.
As fights iron lady waits in wings.
4,074
Pro democracy party on wednesday vowed to continue pushing for their leader release after several of her close confidants were freed from prison by the ruling junta.
Opposition vows to continue fight.
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Foes and tuesday unveiled proposals to improve a bailout for crippled but stopped short of rejecting the 999 billion dollar plan outright.
Plot tricky course on finance crisis.
4,076
Central bank renewed on wednesday its offer of 45 billion dollars lrb 98 billion in one day loans, it said in a statement.
Renews loan offer of 45 billion dollars.
4,077
Said wednesday that it was investigating the crash of a suspected unmanned us spy plane amid claims by tribesmen they had shot it down near the border.
Military probes us drone crash.
4,078
Shares closed 619 percent higher wednesday as investors shrugged off a downswing session, analysts said.
Shares close 619 percent higher.
4,079
Shares retailer leapt by 6502 percent to 737 euros in early trading wednesday after it unveiled a refinancing deal with an international bank consortium.
Shares retailer jump on news of refinancing.
4,080
Business groups reacted in shock on wednesday to the government's support for workers who beat to death the boss of the company that had sacked them.
Outrage as govt backs workers who killed boss.
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Moved to quell rumors about its stability on wednesday, as hundreds of investors gathered outside branches across the city.
Queues branches after stability rumors.
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Head of the engineering group insisted its business practices could not be compared with those of scandal hit rival in comments published wednesday.
Boss defends group against report.
4,083
Six bodies were recovered overnight in the capital taking the death toll to 66 in clashes peacekeepers and rebels, witnesses said on wednesday.
Death toll hits.
4,084
President has assured the she will resume peace talks as fresh fighting in the left two rebels dead.
Says peace talks to continue.
4,085
Trade deficit reached an estimated 389 billion dollars for the first nine months of the year, according to official figures released wednesday.
January september trade deficit hits 389 billion dollars.
4,086
Us threw another 10 billion dollars into foreign credit markets wednesday to relieve high tension in demand for dollars, doing so called swap deals with four central banks.
Throws 10 billion dollars into foreign battle for dollar credit.
4,087
Shares closed up 58 percent wednesday after investors were buoyed by us investment guru decision to invest five billion dollars dealers said.
Shares close up 58 percent.
4,088
Central bank renewed on wednesday its offer of 38 billion dollars lrb 87 billion in one day loans, it said in a statement.
Renews loan offer of 38 billion dollars.
4,089
Some 31 art masterpieces will be brought for an annual cultural festival, the embassy said wednesday.
See masterpieces during cultural festival.
4,090
Blue chip stocks were steady in initial trades here on wednesday, with the index showing a slight rise of 217 percent to 5,18386 points.
Exchange opens with loss of 217 percent.
4,091
World's biggest mining company said wednesday it intended to supply uranium for decades to come as the superpower ramps up its nuclear energy program.
Planning to sell uranium for decades.
4,092
Moved to quell rumors about its stability on wednesday, as hundreds of investors gathered outside branches across the city.
Queues branches after stability rumors.
4,093
Stock markets were mostly higher wednesday, as a vote of confidence helped offset concern about the 731 billion dollar us financial rescue plan.
Stocks up despite us delays.
4,094
Civic groups on wednesday urged police to stop investigating mothers who brought babies in strollers to this summer's mass protests against us beef imports.
Groups urge police not to target.
4,095
Electricity firm said wednesday that energy's management accepted a new takeover offer worth 879 billion lrb 817 billion pounds, 85 billion dollars rrb for the group.
Firm says energy accepts its takeover offer.
4,096
Development bank said wednesday it has formed a joint stock company and named several top executives, a substantial step in its efforts to prepare itself for a stock market listing.
Takes step toward listing on market.
4,097
Share prices rose 107 percent wednesday, shrugging off a weak start after news would invest five billion us dollars dealers said.
Shares rise 107 percent.
4,098
King of opened the newly elected on wednesday, paving the way for prime minister to extend his 80 year grip on power.
King opens new.
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