(Reuters) – Wachovia Bank is in talks with the U.S. Justice Department to settle complaints relating to the alleged failure in bank controls that enabled Mexican exchange houses to launder drug money, the Wall Street Journal said, citing people familiar with the situation.

Wachovia in talks with U.S. to settle probe: report

BYD, the Chinese automaker with backing from billionaire Warren Buffett, says its net profit more than tripled last year as the company’s F3 sedan topped the country’s list of best-selling autos. BYD is among several Chinese automakers whose fortunes have…

Warren Buffett – China – BYD Auto – Automotive industry – People’s Republic of China

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China’s BYD sees profit soar on strong auto sales

Futures traders are more bearish than ever on sterling amid concern that the currency’s worst annual start in 13 years will continue as the U.K.’s budget deficit approaches the Greek shortfall that roiled the euro.

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Pound Bears Bet More Than When George Soros Beat BOE (Update2)

David Beckham left his hotel on crutches and headed to the airport Monday morning to catch a flight to Finland for surgery on his torn left Achilles’ tendon. The former England captain was injured in the closing minutes of AC Milan’s 1-0 win over Chievo…

AC Milan – David Beckham – World Cup – Achilles tendon – sport

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Beckham begins journey to Finland for surgery

A Dutch political party formed by self-described pedophiles has voted to disband itself after failing for the second time to participate in national elections in June. The group, which sought to lower the age of sexual consent to 12, says it could not get the…

Political party – Politics – Dutch language – Pedophilia – United States

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Dutch pedophile political party disbands

Money market interest rates at five-month highs show the Federal Reserve is laying the groundwork to siphon a record $1 trillion in excess cash from the banking system and sending a bearish signal on Treasuries.

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Money Rates Rising Hint Treasury Losses Amid Fed Exit (Update2)

Twin explosions rocked a government building in Nigeria’s restive and oil-rich Niger Delta region Monday, only minutes after a militant group promised to attack amnesty talks being held there, a government spokesman said. Delta state spokesman Linus Chima…

Nigeria – Niger Delta – Africa – Government – Embassies and Consulates

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Nigeria: Explosions heard during amnesty talks

Airbus says it aims to sell 210 of its much-delayed A400M military airlifters to the U.S. Domingo Urena, director general of EADS N.V.’s defense unit Airbus Military, said Monday that the U.S. was a key market for the A400M, a four-engine turbo prop under…

EADS – Airbus – Airbus A400M – Military – Airbus Military

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Airbus aims to sell 210 A400M transporters in US

South Africa’s independent Chamber of Mines says the country has dropped to fourth place in worldwide gold production. The Chamber of Mines said Monday that South Africa’s output last year dropped 5.8 percent to an output of less than 205 tons. The statement…

South Africa – Africa – Gold – Country music – Government

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South Africa gold output declines

U.S. investigators said they “may never know exactly what happened” to a Toyota Motor Corp. Prius hybrid whose driver said it sped out of control last week on a California highway.

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Prius Speed Investigation May Not Yield Answers, U.S. Says

BRUSSELS (Reuters) – Euro zone finance ministers are expected to agree a way of providing Greece with financial aid to tackle its debts on Monday, but France warned not to expect any hard figures and there remained barriers to a deal.

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EU to discuss Greek aid, no firm figures seen

Ukraine President Viktor Yanukovych hasn’t acted on a pledge to the Group of Eight and European Union to seek a court ruling on the legitimacy of his coalition, which was formed after a last-minute legislative change.

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Yanukovych Yet to Act on Ukraine Court Ruling Pledge (Update1)

Standard Chartered Plc, the U.K. bank that makes most of its profit in emerging markets, will hire stock analysts and traders in India and South Korea to expand its operations in Asia.

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StanChart Hiring for Indian, South Korean Equities (Update1)

The U.S. and the U.K. have moved “substantially” closer to losing their AAA credit ratings as the cost of servicing their debt rose, according to Moody’s Investors Service.

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U.S., U.K. Move Closer to Losing Rating, Moody’s Says (Update1)

Asian stock markets sank Monday after mixed economic reports about the U.S. economy inspired caution among investors. European shares were also lower. Major Asian bourses were down as much as 1 percent after a lackluster session on Friday. Oil prices dropped…

Economy of the United States – Price of petroleum – Business – Asia – Stocks and Bonds

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World markets slip after mixed US economic reports