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China oil demand is 'astonishing'_

Oil demand in China rose by an "astonishing" 28% in January compared with a year ago, the International Energy Agency says.

  

Baer Says Swiss, Europe Must Compromise to Settle Secrecy Spat_

Switzerland and the European Union should compromise to resolve a dispute over banking secrecy or risk losing the assets of wealthy people to Asia, said Julius Baer Group Ltd. Chairman Raymond Baer.

  

Finnair in Norwegian Air Talks on Pact to Squeeze SAS (Update1)_

Finnair Oyj is seeking an agreement with Norwegian Air Shuttle ASA that would funnel more passengers onto the Helsinki-based carrier’s long-haul flights, helping win market share from unprofitable rival SAS Group AB.

  

European Stocks Rise, Extending Weekly Gain; Asian Shares Climb_

European stocks rose, extending the Stoxx Europe 600 Index’s second consecutive weekly advance, after a report the European Union will offer Greece a 55 billion-euro ($75 billion) bailout. U.S. index futures and Asian shares increased.

  

UBS Lobbies for Swiss-U.S. Deal_

UBS as stepped up its lobbying efforts for a U.S.-Swiss tax deal over confidential bank data, urging parliamentary representatives to vote for the passage of the deal.

  

BA union set to announce strikes_

The union representing BA cabin crew plans to announce strike dates later this morning, the BBC understands.

  

Brian Pitman, Ex-Lloyds CEO, Dies After Heart Attack (Update2)_

Brian Pitman, who transformed Lloyds Bank into Britain’s most profitable lender and was one of his generation’s most successful bankers, has died. He was 78.

  

LG Display to spend $1.3billion to up output_

PAJU, South Korea (Reuters) - Flat-screen maker LG Display will spend $1.3 billion to raise output and help meet robust customer demand and is betting on booming premium LCD TV sales to drive strong growth this year.

  

U.S. dollar is still the world's most trusted currency_

Despite America's mounting national debt, world financial markets still prefer the dollar, because other countries' finances ...

  

Lehman bosses severely criticised_

A report into the collapse of Lehman Brothers criticises senior executives and auditor Ernst & Young for serious lapses.

  

Hyundai Motor Names Heir Apparent as Board Member (Update2)_

Hyundai Motor Co. appointed Vice Chairman Chung Eui Sun to the company’s board, bringing the 39- year-old billionaire a step closer to succeeding his father, Chung Mong Koo, as head of South Korea’s biggest carmaker.

  

New York AG Cuomo recuses himself from probe of Gov. Paterson_

New York Attorney General Andrew Cuomo said Thursday that he has recused himself and appointed an independent counsel to probe whether Gov. David A. Paterson illegally took World Series tickets or had improper contact with a woman who accused an aide of domestic violence.

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