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U.S. could make $15.1 billion on AIG bailout

Taxpayers could realize a profit of more than $15.1 billion from the massive government bailout of insurer American International Group, a congressional watchdog said. According to a report by the Government Accountability Office issued on Monday, the total return depends

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Marubeni close to buying Gavilon for $5.2 billion

Japan’s Marubeni Corp is in advanced talks to buy U.S. grain and energy trader Gavilon for about $5.2 billion including debt after beating out competition from rival domestic trading firms, a source close to the deal said on Tuesday. The

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UAE to train Afghan airport employees on new equipment

A contract has been signed between The Ministry of Transport and Aviation and a (UAE) United Arab Emirates firm for training both Kabul and Kandahar airport employees for employing new equipments. Over the past three years some modern flight safety

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World markets plunge after European elections

Investors’ fears of debt crisis renewed after anti-austerity candidates win elections in France and Greece. World stock markets have been pummeled in trading after election results in Greece and France heightened market concerns about Europe’s ability to solve its debt

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