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Financial Times - UK Homepage
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Financial Times - UK Homepage
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US GDP contraction slows to 1%
The US economy continued to shrink in the second quarter, but the pace of contraction slowed as aggressive government spending started to loosen the grip of the longest recession on record
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US stocks close month with hefty gains
US equities settled mixed on Friday, but closed out July with solid gains as data on the economy suggested the vehemence of the recession was abating and expansion beckoned in the third quarter
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US and UBS strike deal on client identities
The US and Switzerland reached an agreement on the closely watched dispute over whether UBS should be forced to reveal the identities of thousands of its American clients
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Chevron profit tumbles 71%
Chevron the second-largest US oil company, has reported a 71 per cent drop in net income to $1.75bn for the second quarter, but a 5 per cent increase in its production volumes
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Japan's LDP unveils election platform
Japan's ruling party, facing possible defeat in an election in late August, has sought to shore up its image as a responsible steward of the world's second-largest economy
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