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Arcelor Mittal profits hit $1.7bn
Steel giant Arcelor Mittal reports a big jump in profits between April and June, with sales up as the global economy continues to recover.
   
Boeing profits slump by a fifth
Aircraft giant Boeing has reported a sharp drop in profits between April and June amid falling plane deliveries.
   
Cameron launches India trade push
David Cameron begins a two-day visit to India with the aim of strengthening relations and creating jobs back in Britain.
   
Iran sanctions hit Chinese trade
Despite a trading history that goes back centuries, China has reluctantly backed UN sanctions against Iran in light of its nuclear programme.
   
Special Report: Energy and Environment: Safety Fears Raised at French Reactor
Activists are seeking to halt construction of France’s latest-generation nuclear power plant, arguing that design changes have voided the plant’s building permit.
   
Steel Makers See a Grim Near-Term Outlook
Order rates slowed at United States Steel and production was cut at AK Steel, and their share prices fell.
   
An Unexpected Drop in U.S. Durable Goods
Durable goods orders fell by 1 percent in June as the sputtering economy dragged down demand.
   
European Governments Unleash Online Gambling to Help Fill Coffers
Cash-strapped governments looking for ways to narrow budget gaps are embracing a source of revenue they once viewed with wary skepticism: online gambling.
   
With Credit Tight, Microlending Blossoms
After banks refused loan requests, some small businesses in the United States turned to microloans like those offered in the third world.
   
BAE signs Indian Hawk jets deal
BAE Systems and Rolls-Royce sign a £700m deal to supply India's Hindustan Aeronautics with 57 Hawk training jets.
   
App Smart: Seeing the World Through Phone Apps Like Goggles and Layar
The apps work best when analyzing bar codes, labels and other inanimate objects that are easily found in images on the Web.
   
Job Subsidies, Often Popular for Public Projects, Also Lift Private Employers
Stimulus money sometimes goes to private companies to hire workers, instead of funding public projects.
   
ECB Says Loans to European Companies Fell in June
Credit to European companies fell in June in a sign that business expansion remains tepid, according to data issued by the European Central Bank.
   
Hyundai Hits Record Profit on U.S. and China Demand
SEOUL (Reuters) - Hyundai Motor Co, South Korea's top automaker, said on Thursday its quarterly net profit rose 71 percent to a record high, beating estimates on healthy demand in the United States and China.
   
I.M.F. Gives Ground on Yuan Exchange Rate Debate
The International Monetary Fund has chosen not to call the yuan “substantially” undervalued, a move that recognizes China’s efforts to free up its exchange rate and avoids friction with Beijing.
   
ECB Says Loans to European Companies Fell in June
Credit to European companies fell in June in a sign that business expansion remains tepid, according to data issued by the European Central Bank.
   
Staff quit Cadbury after takeover
More than a 100 senior Cadbury staff have left since the company was taken over by Kraft six months ago.
   
Europe Clears Import of New Biotech Corn Varieties
The European Commission approved six genetically modified corn varieties for import to the bloc in another sign of its desire to speed up decision-making on the controversial technology.
   
Hyundai Hits Record Profit on U.S. and China Demand
SEOUL (Reuters) - Hyundai Motor Co, South Korea's top automaker, said on Thursday its quarterly net profit rose 71 percent to a record high, beating estimates on healthy demand in the United States and China.
   
I.M.F. Gives Ground on Yuan Exchange Rate Debate
The International Monetary Fund has chosen not to call the yuan “substantially” undervalued, a move that recognizes China’s efforts to free up its exchange rate and avoids friction with Beijing.
   
 
 
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