CORRECTION: Supervision, discipline balance needed: Geithner (Reuters)

New York Federal Reserve President Timothy Geithner attends a news conference in Jerusalem May 26, 2008. (Baz Ratner/Reuters)Reuters - Major economies, particularly the United States, must balance financial market discipline and supervision better to cushion against future crises, New York Federal Reserve President Timothy Geithner said on Monday.


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LG Elec says "carefully watching" Nokia (Reuters)
Reuters - LG Electronics (066570.KS), the world's No.4 handset maker, is closely watching rival Nokia (NOK1V.HE) amid talk the top-ranked mobile phone maker may cut its prices and re-enter the South Korean market later this year.
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WTO issues new proposals for services sector (Reuters)
Reuters - A World Trade Organisation (WTO) mediator issued new proposals on Monday for opening up services such as telecoms and banking as part of a global trade deal.
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Oil rises above $133 on Nigeria, North Sea (Reuters)

An employee places back a gas nozzle after filling up a tank at a petrol station in Manila May 24, 2008. Oil edged up on Friday, recovering from a strong bout of profit-taking in the previous session when it traded above $135 a barrel for the first time. (Cheryl Ravelo/Reuters)Reuters - Oil rose above $133 on Monday due to lingering supply concerns from key oil producer Nigeria and a partial shut-in at the North Sea oilfields.


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US official says credit crunch easing (AP)

U.S. Assistant Secretary of Treasury, Clay Lowery speaks at his  press conference  in Tokyo, Japan, Monday, May 26, 2008. Lowery said Monday the global credit crunch is gradually calming following efforts by the Federal Reserve and other central banks. (AP Photo/Junji Kurokawa)AP - A U.S. Treasury official said Monday the global credit crunch is gradually calming following efforts by the Federal Reserve and other central banks.


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Australia's Murchison proposes A$1.5 billion reverse takeover of Midwest UPDATE
SYDNEY (Thomson Financial) - Emerging Australian iron ore miner Murchison Metals Ltd. said on Monday it has proposed an all-share merger with Midwest Corp Ltd., aimed at consolidating the development of iron ore mines in Western Australia's midwest
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China's CNOOC in takeover talks with Canadian energy firm: report
Extract not available.
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  • Ecuador offers to buy out oil companies? ? 17 May 2008

    QUITO, Ecuador - President Rafael Correa says Ecuador wants to buy out private oil companies unwilling to negotiate new deals with his government. Correa has asked companies now suing over an October decree that slashed their share of windfall oil

  • Thai Hot Stocks - Phatra, Hana, big caps, NNCL up

    - Phatra Securities PHAT.BK rose 1.4 percent to 36.25 baht after the third largest broker by market share said it planned to up to 300 million baht of derivative warrants and sell one-year structur...


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