GM RECALLS 1.3 MILLION COMPACT CARS
General Motors confirms it's recalling 1.3 million compact cars sold
in North America over the past five years due to problems with
power-steering functions.
EUROPEAN SHARES UP FOR THIRD STRAIGHT SESSION
European shares move higher after an uncertain start on Tuesday. Banks
in Ireland and Greece rise.
EXCHANGE RATE GIVES U.K. MORE OPTIONS: PIMCO CHIEF
The U.K. will probably find it easier to cope with its debt burden
than Greece and other euro-zone members, according to the head of bond
fund manager Pimco.
FSA CHAIRMAN WARNS NO QUICK-FIX FOR REGULATION
The U.K.'s top financial regulator warns law makers they won't find a
simple fix to the problems that caused the financial crisis.
AUSTRALIAN CENTRAL BANK HIKES POLICY RATE TO 4.0%
The Reserve Bank of Australia raises its policy rate by a quarter
point to 4.0%, as expected, marking the central banks' fourth rate
increase in five meetings after last month's surprise decision to
stand pat.
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