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Home prices rise by most in seven years in May: CoreLogic

NEW YORK - Home prices racked up their biggest annual gain in more than seven years in May, with more increases expected through the summer months as the sector continues to mend, data analysis firm CoreLogic said on Tuesday.

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Square's website for small businesses takes on e-commerce giants

SAN FRANCISCO - Since 2010, Square Inc's matchbox-sized card readers have steadily supplanted credit card machines in coffee shops and corner stores across the United States.

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China denounces EU airline carbon law, seeks talks

BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.

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Saudi Mobily in $650 million financing deal with Ericsson, NSN

DUBAI | Sun Jun 30, 2013 3:42am EDT

DUBAI (Reuters) - Saudi Arabia's Mobily 7020.SE has signed memorandum of understandings with Nokia Siemens Networks NOKI.UL and Ericsson (ERICb.ST) to fund the purchase of $650 million of equipment from the firms, the telecom operator said on Sunday.

Mobily, also known as Etihad Etisalat, said it would work with the Finland and Sweden export credit agencies to finalize the 10-year sharia-compliant facilities.

The operator, an affiliate of the United Arab Emirates' Etisalat ETEL.AD, said the deal would be the first of its kind in Saudi Arabia's telecom sector and would boost the company's free cash flow.

Mobily has mandated Credit Agricole (CAGR.PA) and Deutsche Bank (DBKGn.DE) to structure and arrange the facility.

(Reporting by Matt Smith; editing by Dinesh Nair)
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