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wned NewsRoom: Business
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Global stocks rebound on rate cut hopes
LONDON (Reuters) - European and Asian shares managed to rise and oil rose toward $50 on Friday as expectations of further interest rate cuts helped to cushion deepening gloom about the financial and auto sectors as well as the broader economy.
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Democrats demand Big 3 offer survival plan
WASHINGTON (Reuters) - Democratic congressional leaders, seeking to salvage a bailout of the Big Three automakers, demanded executives provide a business survival plan in exchange for their support of up to $25 billion in loans.
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Honda to cut more production
TOKYO (Reuters) - Honda Motor Co <7267.T> said it would build fewer cars in Japan, Europe and North America to reflect an increasingly bleak outlook for sales as the global economic crisis discourages big-ticket purchases.
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Oil rises towards $50
LONDON (Reuters) - Oil rose toward $50 a barrel on Friday, rebounding from a three and half year low and buoyed by rallies in Europe and Asian equities on talk that China may cut interest rates later in the day.
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Dell sees China sales down
BEIJING (Reuters) - Dell Inc's sales in China slowed last quarter, but Beijing's economic stimulus measures are likely to boost technology spending, the world's No. 2 personal computer maker said on Friday.
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Honda cuts more production
TOKYO (Reuters) - Honda Motor Co <7267.T> said it would build fewer cars in Japan, Europe and North America to reflect an increasingly bleak outlook for sales as the global economic crisis discourages big-ticket purchases.
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Oil bounces back from 3-1/2 year low
SINGAPORE (Reuters) - Oil rebounded above $50 a barrel from an early 3-1/2-year trough on Friday, tracking Asian equities that bounced back on rumors that China may cut interest rates later in the day.
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Oil bounces back from 3-1/2 year low
SINGAPORE (Reuters) - Oil rebounded from an early three-and-a-half year trough below $49 a barrel on Friday, tracking Asian equities that bounced back on rumors that China may cut interest rates later in the day.
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