Russian investigators search Rusal offices

RUSSIAN investigators say they are searching the Moscow offices of the world's largest aluminium producer Rusal as part of a probe into alleged tax violations which the company have dismissed as groundless. "Items and documents (obtained as a)...

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JPMorgan Chase to cut 4,000 jobs in 2013

US banking giant JPMorgan Chase plans to slash 4,000 jobs in 2013 as part of a cost-cutting program, according to the company's presentation to investors on Tuesday. JPMorgan Chase projected it would reduce overall expenses in 2013 to $US59...

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Qld Health blueprint to be unveiled

PREMIER Campbell Newman is set to inform Queensland Health staff of a shake-up to their sector, addressing them in a live broadcast. He'll join Health Minister Lawrence Springborg in breaking the news to the 80,000 workers about 10.30am (AEST)...

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Bernanke: sequester would hit US recovery

FEDERAL Reserve Chairman Ben Bernanke warned Congress Tuesday that the $US85 billion ($A83.02 billion) in spending cuts of the March 1 sequester would place a "significant" additional burden on the US economic recovery. "The Congress and the...

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19 killed as balloon explodes in Egypt

A HOT air balloon has exploded and plunged to earth at Egypt's ancient temple city of Luxor during a sunrise flight on Tuesday, killing up to 19 tourists, mainly Asians and Europeans, sources say. The balloon carrying 21 tourists from Hong Kong,...

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US stocks higher ahead of Fed testimony

US stocks have opened solidly higher in anticipation of congressional testimony by Federal Reserve Chairman Ben Bernanke. The markets were also buoyed by upbeat earnings results, including from home-improvement retailer Home Depot. Fifteen...

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S Africa minister wants tough gun controls

SOUTH Africa's women's minister has called for stricter gun controls, saying Oscar Pistorius' girlfriend would not have been killed if the sprinter did not keep a firearm. "If there was no gun in the Pistorius home, Reeva Steenkamp would be...

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