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Britain to announce Islamic Index on stock exchange Prime Minister David Cameron was on Tuesday to announce a new "Islamic Index" on the London Stock Exchange and reveal plans for Britain to release an Islamic bond.

29 October 2013

Oil-rich Kuwait warns welfare state unsustainable Oil-rich Kuwait said Monday that the generous cradle-to-grave welfare system provided to its 1.2 million citizens was "unsustainable" and it was time for change.

29 October 2013

JPMorgan to pay $5.1 bn to settle Fannie, Freddie claims JPMorgan Chase will pay $5.1 billion to settle charges it overstated the quality of mortgages and mortgage-backed securities sold to Freddie Mac and Fannie Mae.

27 October 2013

Sandy clean-up 'enormous' one year on A year after Hurricane Sandy, the United States still faces an enormous task to repair $60 billion worth of damage and improve resiliency before the next cyclone.

27 October 2013

Twitter seeks up to $1.61 bn in IPO Twitter said Thursday it would seek to raise up to $1.6 billion in its initial public offering expected in the coming weeks.

26 October 2013

Brazil chases FIFA over World Cup structures Brazilian state prosecutors are seeking to recover almost $100m from football's global governing body FIFA which was spent on temporary structures at venues for next year's World Cup.

25 October 2013

Panasonic to slash chip business workforce in half: reports Panasonic is set to cut its chip division workforce in half, axing thousands of jobs as the electronics giant overhauls its battered balance sheet after record losses.

24 October 2013

Australia inflation jumps, dashes rate cut hopes Australian inflation rose by a stronger-than-expected 1.2 percent in the July-September period compared to the previous quarter.

23 October 2013

Kazakhstan wins lawsuit against Mukhtar Ablyazov's company Kazakhstan succeeded in proving that KT Asia was one of Ablyazov's shell companies used to move asset from one company to another.

22 October 2013

Google stock surges on profit, revenue gains Google shares surged to a record high, close to $1,000, after quarterly earnings figures showed the Internet giant's profits are climbing despite a trend toward cheaper advertising on smartphones and tablets.

19 October 2013

Congress pulls US back from brink, averts default The United States was spared the ignominy of a disastrous debt default Wednesday when Congress passed a bill extending the nation's borrowing authority and ending a two-week government shutdown.

17 October 2013

Twitter to list on NYSE Twitter shares will trade on the New York Stock Exchange, documents showed Tuesday, shunning the tech-heavy Nasdaq which saw major problems in Facebook's market debut in 2012.

16 October 2013

Cancer costs EU $170 bln annually: study Cancer cost the then 27 countries of the European Union 126 billion euros ($170.1 billion) in 2009.

14 October 2013

US lawmakers split despite October 17 debt deadline The United States is still facing a potentially devastating sovereign debt default, after senators failed to agree on terms to reopen the federal government and raise the country's borrowing limit.

14 October 2013

IMF gold sales to fund lending to poor countries The International Monetary Fund announced Thursday it has harnessed windfall gold profits from member countries to fund loans to the world's poorest countries in the coming years.

12 October 2013

Obama picks 'exceptionally qualified' Yellen for Fed President Barack Obama has nominated economist Janet Yellen to lead the Federal Reserve in a move expected to sustain the central bank's easy money policies and efforts to curb joblessness.

10 October 2013

Struggling Alitalia in last-gasp bid for survival Five years after a botched rescue, Italy's troubled carrier Alitalia gasped for survival on Tuesday buried by a mountain of debt, unpaid gas bills and only the slimmest of options.

09 October 2013

Australian PM in travel expenses furore Australian Prime Minister Tony Abbott was embroiled in a spiralling travel expenses scandal Tuesday as he defended his use of taxpayer money to take part in an ironman competition and other events.

08 October 2013

Palestinian GDP can expand by a third if Israel lifts limits: World Bank The Palestinian economy could expand by over a third if Israel were to lift its restrictions on about 60 percent of the West Bank that it controls.

08 October 2013

Canada threatens to pull Commonwealth funding Canada's Prime Minister Stephen Harper has threatened to withdraw funding for the Commonwealth in an escalating row over rights abuses by Sri Lanka ahead of a summit next month.

08 October 2013

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