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World 03 Dec 2011 | 12:00 AM

Insight - African leader's son tests U.S. anti-corruption push

WASHINGTON (Reuters) - The wealthy son of Equatorial Guinea's president squared off this week against the U.S. government in a legal battle over efforts to seize his $30 million (19 million pounds) California mansion, exotic cars, a private jet and an extensive collection of Michael Jackson memorabilia.

World 02 Dec 2011 | 12:00 AM

Insight - African leader's son tests US anti-corruption push

WASHINGTON (Reuters) - The wealthy son of Equatorial Guinea's president squared off this week against the U.S. government in a legal battle over efforts to seize his $30 million (19 million pounds) California mansion, exotic cars, a private jet and an extensive collection of Michael Jackson memorabilia.

Business 24 Nov 2011 | 12:00 AM

Moody's warns U.S. not to skimp on deficit cuts

NEW YORK (Reuters) - Moody's Investors Service on Wednesday warned that its top credit rating for the United States could be in jeopardy if lawmakers backtrack on $1.2 trillion in deficit cuts planned over 10 years.

World 23 Nov 2011 | 12:00 AM

Analysis - Exxon Kurdistan foray tests Iraq's centralist resolve

BAGHDAD (Reuters) - Exxon Mobil's venture into Iraqi Kurdistan challenges Prime Minister Nuri al-Maliki's resolve against growing regional separatism and tests the investment strategy of the oil majors in Iraq.

Business 14 Nov 2011 | 12:00 AM

Insight: U.S. readies defenses against Europe spillover

HONOLULU/WASHINGTON (Reuters) - The United States is ramping up attempts to safeguard its financial system from a worsening of Europe's debt crisis, joining nations in Asia, Latin America and elsewhere in trying to build firewalls.

Business 11 Nov 2011 | 12:00 AM

US stocks rebound as corporate news offsets Italy

NEW YORK (Reuters) - Stocks bounced back on Thursday from the previous session's steep losses as investors latched onto positive corporate and economic news, in the absence of a clear worsening in Europe's debt crisis.

Business 24 Oct 2011 | 12:00 AM

US rating likely to be downgraded again: Merrill Lynch

NEW YORK: The United States will likely suffer the loss of its triple-A credit rating from another major rating agency by the end of this year due to concerns over the deficit, Bank of America Merrill Lynch forecasts.

Community 08 Oct 2011 | 12:00 AM

Senior workers aye to extra years

OLDER civil servants in Penang welcome the move to extend their retirement age from 58 to 60, as unveiled by Prime Minister Datuk Seri Najib Tun Razak in Budget 2012.

Business 31 Aug 2011 | 12:00 AM

Oil price rises

NEW YORK (AP) - Oil rose to near $89 per barrel Tuesday on expectations that supplies will be tighter in the wake of Hurricane Irene.

Business 27 Aug 2011 | 12:00 AM

Petronas first quarter net profit surges 48.6%

KUALA LUMPUR: Petroliam Nasional Bhd's (Petronas) net profit jumped 48.6% to RM21.7bil for the first quarter ended June 30 from RM14.6bil a year ago, boosted by higher prices of its products and a gain of RM2.6bil from the divestment of Cairn India Ltd.