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Business 08 May 2005 | 12:00 AM

Honeywell lifts blue-chip stocks

US blue-chip stocks nudged higher on Friday as takeover speculation drove up shares of Honeywell International Inc. But concerns over more aggressive interest-rate hikes following a strong April jobs report limited gains.

Business 29 May 2005 | 12:00 AM

Slight gains before holiday

US stocks posted slight gains in light trading on Friday before the holiday weekend as higher oil prices lifted shares of energy companies like Exxon Mobil, offsetting a slide in drug maker Pfizer, and investors took a shine to some specialty retailers.

Business 05 Jun 2005 | 12:00 AM

Stocks drop on weak job growth

US stocks slid on Friday as investors worried about a faltering economy after a government report showed May payrolls grew at the weakest pace in 21 months and crude oil prices topped US$55 a barrel.

Business 10 Jul 2005 | 12:00 AM

Blasts fail to shake the market

Wall Street was able to look past the horrific attacks in London and post solid gains over the past week, as investors grew more confident on the economic outlook for the rest of the year.

Business 05 Aug 2005 | 12:00 AM

Euro threatens dollar ahead of U.S. farm payrolls data release

The dollar continued to lose ground Thursday, with the euro now poised to break above the key $1.24 level and encouraging U.S. economic data no longer able to give the greenback much support.The euro advanced to a fresh 9-week high versus the dollar and a 15-week high against the yen as the dollar mostly declined against its major rivals in technically driven trading.

Business 07 Aug 2005 | 12:00 AM

US stocks slip as jobs data stokes rate worries

US stocks fell on Friday after July jobs data exceeded expectations, spurring worries that the Federal Reserve will continue raising interest rates and hurting sectors sensitive to higher borrowing costs such as homebuilders and banks.

World 26 Sep 2005 | 12:00 AM

Japan PM says to enact postal reform by Nov 1

TOKYO (Reuters) - Backed by a landslide election victory, Prime Minister Junichiro Koizumi told parliament on Monday he is determined to push ahead with privatising Japan's postal system and other reforms.

World 26 Sep 2005 | 12:00 AM

Japan PM says to enact postal reform by Nov 1

TOKYO (Reuters) - Backed by a landslide election victory, Prime Minister Junichiro Koizumi told parliament on Monday he was determined to push ahead with privatising Japan's postal system and other reforms.

World 05 Oct 2005 | 12:00 AM

New Orleans to lay off 3,000 city workers

NEW ORLEANS (Reuters) - New Orleans Mayor Ray Nagin said on Tuesday the city will lay off 3,000 employees, or about 40 percent of its payroll, and warned of further belt-tightening as it rebuilds after two devastating hurricanes.

Business 10 Oct 2005 | 12:00 AM

Hong Kong market likely to be rangebound

HONG KONG shares are set to stabilise and move in a narrow range this week on continuing worries over the outlook for interest rates after a Fed official issued a fresh warning on rising US inflation.