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Rotana CEO Selim El-Zyr says the time has not come for Rotana to go public or to establish its brand in developed countries, as it should first focus on consolidating its regional leadership.
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April 5- Wall Street's psycho-analysis of Hewlett-Packard's latest board room shuffle has begun. The resignation of Hewlett-Packard Co Chairman Ray Lane and appointment of activist investor Ralph Whitworth as his interim replacement has raised hopes for a more "shareholder friendly" board at the flailing PC maker.
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April 5- The resignation of Hewlett-Packard Co Chairman Ray Lane and appointment of activist investor Ralph Whitworth as his interim replacement is a positive move by the No.1 PC maker that augers for a more "shareholder friendly" board, analysts said.
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The Saudi's investment in a Texas refinery's expansion is meant to ensure that it will retain an important market for its crude in the United States at a time when American politicians intend to wean the country off imported oil, The New York Times reports.
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NEW DELHI, April 5- India's plan to buy 126 fighter-jets from Dassault Aviation could be delayed as the two sides struggle to reach an agreement over the role of state-run Hindustan Aeronautics Ltd, two sources familiar with the matter said.
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SEOUL/ NEW DELHI, April 5- Asian policymakers braced for a flood of capital unleashed by the Bank of Japan's huge monetary stimulus, but some conceded on Friday the impact on global money flows and currencies might prove to be a necessary side-effect to get the region's No.2 economy growing.
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NEW DELHI, April 5- India's planned deal to buy 126 fighter-jets from Dassault Aviation could be delayed as the two sides struggle to reach an agreement over the role of state-run Hindustan Aeronautics Ltd, a defence ministry source said.
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--Clyde Russell is a Reuters market analyst. That's the question that should be asked after Thursday's announcement by Royal Dutch Shell that it would close its Geelong refinery in Victoria state and convert it to an import terminal if a buyer couldn't be found.
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LONDON, April 4- The International Energy Agency will invite China and other emerging economies to take part in key strategic talks, sources in the IEA said, in a bid to strengthen ties with non-members whose share in global oil demand has rapidly grown.
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*Corn market struggles to find a bottom after USDA stocks data. CHICAGO, April 4- U.S. corn futures fell to a nine-month low Thursday on continued technical selling and fund liquidation, while soybeans hit a 10- month low on worries that bird flu cases in China may slow feed demand there, traders said.
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LONDON, April 4- Copper inched up on Thursday but was still hovering around its lowest level in eight months on concerns about high inventories and weak global demand, especially in top metals consumer China. Benchmark copper on the London Metal Exchange was trading at $7,405 by 1502 GMT, slightly up from Wednesday's close at $7,386.50.
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SEOUL/ WASHINGTON- The United States said it would soon send a missile defence system to Guam to defend it from North Korea, as the U.S. military adjusts to what Defense Secretary Chuck Hagel called a "real and clear danger" from Pyongyang.
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LONDON, April 4- Gold is gearing up for the start of a bear market cycle in 2014 after more than a decade of gains as consumer demand for jewellery, coins and bars declines and central bank buying plateaus, metals consultancy GFMS said.
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*Copper well above marginal production costs of $6,500- $7,000. LONDON, April 4- Copper fell for the fifth straight session on Thursday, hitting its lowest level in eight months and analysts said more losses were likely as concern grew about high inventories and weak global demand, especially in top metals consumer China.
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Having tried and failed to become a major financial center, Moscow is trying yet again — only this time it finds itself competing for business with Warsaw, not London, Tokyo and New York, the New York Times reports.
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Saudi Aramco raised the official selling price for its main Arab Light grade for May to a premium of $1.80 a barrel over regional benchmark Oman/ Dubai crude, up from $1.30 for April cargoes, and the first increase in three months.
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*Wheat choppy, USDA fails to confirm China rumors. CHICAGO, April 4- U.S. soybean futures fell to a 10- month low and corn set a nine-month low Thursday on worries about a potential slowdown in feed demand from China due to bird flu, and pressure from a surging dollar, traders said.
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*Sugar aided by potential for rising inflation in Far East. NEW YORK/ LONDON, April 4- Raw sugar futures on ICE turned higher on Thursday as hopes that monetary stimulus in Japan will spur more buying lifted prices that had dropped to nearly three-year lows on the expectation that more Indian supplies will reach the global market.
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LONDON, April 4- Copper bounced from an 8- month low on Thursday as the euro recovered against the dollar but doubts remained over the prospects for industrial metals as physical demand remains weak and inventories are at multi-year highs.
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April 4- China's influence in Africa goes so deep that African leaders are starting to shape their own agendas after China's. In welcoming Xi Jinping, China's new president, to South Africa last month for a BRICS conference, Zuma gushed, "We view China's success as a source of hope and inspiration."
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SINGAPORE, April 4- London copper slipped to its lowest in eight months on Thursday after weak jobs data sparked worries a U.S. labour market recovery may not prove sustained, hurting demand expectations for metals in a thin market with China out for a two-day break.