Defence contractors scrounge for new markets

The Pentagon is planning to cut more than $100 billion from its defence budget in the coming years. Revenues are bottoming out in developed markets, so players need to actively look for new orders overseas.

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Another fall?

The global rebound is fragile and shocks could push the world toward another recession, according to Government of Singapore Investment Corp, which manages more than $100 billion of the nation's foreign reserves.

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Slamming the brakes, in China

China's appetite for cars is slowing down; dealers are now offering hefty discounts, tax refunds - and even throwing in free iPods.

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