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Greek unions vow to fight austerity cuts

10 Feb 2010, 7:16AM

Greek public works vowed to defy government austerity plans as the country confronts a grave debt crisis.
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Govt reneges on market misconduct fines

Govt backs down on $5m penalty for market misconduct (Getty)

10 Feb 2010, 8:39AM

The federal government has backed down on a plan to slug corporations and individuals up to $5 million for market misconduct.

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Kraft bites chocolate workers

Kraft Foods says it will close Cadbury's Somerdale plant. (AAP)

10 Feb 2010, 8:11AM

Up to 400 jobs could be lost after Kraft Foods confirmed a Cadbury factory is to close next year. Read more

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Inside Toyota's epic breakdown

10 Feb 2010, 8:28AM

TOYOTA CITY, Japan/DETROIT (Reuters) - Toyota Motor Corp, the world's most dominant and profitable automaker, was not accustomed to outsiders telling it what to do, let alone some obscure bureaucrat from the United States, whose own car industry was on taxpayer-funded life support. Read more

Rajaratnam to provide SEC with wiretaps

10 Feb 2010, 8:07AM

NEW YORK (Reuters) - Galleon hedge fund founder Raj Rajaratnam and co-defendant Danielle Chiesi, indicted in a sweeping insider trading case, must hand over wiretap evidence to U.S. market regulators, a judge ruled on Tuesday. Read more

U.S. stock exchange heads take aim at "Volcker rule"

10 Feb 2010, 5:33AM

NEW YORK (Reuters) - The heads of the top U.S. stock exchanges have poured cold water on the Obama administration's plan to bar banks from proprietary trading. Read more

UBS still losing U.S. wealth management clients, advisers

10 Feb 2010, 3:09AM

NEW YORK (Reuters) - The embattled U.S. wealth management business of Swiss bank UBS AG continued to bleed client assets in the fourth quarter, hurt by fleeing advisers and negative publicity from a tax-fraud scandal. Read more

U.S. consumer confidence falls in February

10 Feb 2010, 2:28AM

NEW YORK (Reuters) - U.S. consumer confidence fell in February to near a level seen at the beginning of the recession, as high unemployment and some stock market weakness sapped January's optimism, a research group said on Tuesday. Read more

Molson Coors profit misses estimates

10 Feb 2010, 12:03AM

NEW YORK (Reuters) - Molson Coors Brewing Co reported a lower-than-expected quarterly profit on Tuesday, weighed down by weak volumes across all markets and cost inflation in the United States and Britain. Read more

MillerCoors Q4 slides, warns of tough economy

09 Feb 2010, 11:33PM

LONDON (Reuters) - MillerCoors, the second-largest brewer in the United States, on Tuesday reported a 21.6 percent slide in fourth-quarter net income reflecting a tough economy and a sharp rise in share-based salary bonus packages. Read more

Oil rises above $72 on weaker dollar, buying

09 Feb 2010, 10:40PM

LONDON (Reuters) - Oil rose above $72 a barrel on Tuesday due to a weaker U.S. dollar and robust buying interest as investors looked for bargains following last week's price slide to near two-month lows. Read more

ECB Trichet departure sparks Greece rescue talk

09 Feb 2010, 7:40PM

SYDNEY (Reuters) - European Central Bank President Jean-Claude Trichet is cutting short a trip to Australia to attend a special European Union summit, prompting market speculation initiatives are in the works to help resolve Greece's debt problems. Read more

Swatch full - year profit beats poll, upbeat on 2010

09 Feb 2010, 6:31PM

ZURICH (Reuters) - Swatch Group , the world's largest watchmaker by sales, posted a forecast-beating full-year profit and confirmed its upbeat outlook for 2010, easing worries a flagging economic recovery may hit demand. Read more