Markets News
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Ulker Biskuvi Sanayi AS, the Turkish cake and candy maker that owns Godiva chocolates, aims to boost revenue by as much as 14 percent in 2013 as its parent prepares to sell a stake in the company to boost trading in the stock.
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West Texas Intermediate fell for a third day this week on concern a protracted U.S. government shutdown will slow economic growth and reduce fuel demand.
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Oi SA’s merger with Portugal Telecom SGPS SA is likely to bolster Brazil’s largest landline phone carrier as it battles better-equipped rivals in the world’s fifth-biggest wireless market. The shares fell on concern it won’t be enough.
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The pound fell for the first time in five days against the dollar amid speculation a rally that pushed it to a nine-month high this week was excessive.
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