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President Xi says China should not focus on growth rate only

BOAO, China - Chinese President Xi Jinping said on Saturday that the country should not focus on its economic growth rate only, reiterating China's push for a more sustainable, higher-quality expansion.

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Chevron exits Caltex Australia stake for $3.7 billion

PERTH - U.S. energy giant Chevron sold its entire stake in refiner Caltex Australia Ltd for A$4.7 billion ($3.7 billion) in Asia’s biggest block deal this year, as falling oil prices and high costs hurt margins.

27 Mar 2015

Oil dives 5 percent as worries about Iran talks trump Yemen

NEW YORK - Oil tumbled 5 percent on Friday, erasing the previous session's gains, as Yemen's conflict looked less likely to disrupt Middle East crude shipments and investors turned their focus to talks for a potential Iran nuclear deal that could put more supply on the market.

27 Mar 2015

U.S. economic growth slows in fourth quarter; corporate profits fall

WASHINGTON - U.S. economic growth cooled in the fourth quarter as previously reported and after-tax corporate profits took a hit from a strong dollar, which could undermine future business spending. | Video

27 Mar 2015

Lender says will make 'significant' new bid for RadioShack

WILMINGTON, Del - A lender to bankrupt RadioShack Corp told a U.S. judge on Friday it was prepared to present a new offer that was a "significant improvement" over a rival proposal that was selected as a winning bidder at an auction this week.

27 Mar 2015

Yahoo, Microsoft extend search partnership talks for 30 days

SAN FRANCISCO - Yahoo Inc and Microsoft Corp agreed to extend by 30 days the deadline to re-negotiate a ten year search deal, as the two Internet companies attempt to revamp a thorny partnership crafted by former chief executives.

27 Mar 2015

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