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Summers quits Fed quest after Democrats spurn Obama favourite

Summers and Fed vice chairman Janet Yellen were reported to be the leading candidates

Chemical weapons pact faces major obstacles

The plan to remove weapons by mid-2014 will be difficult to meet even if Assad's regime cooperates

Pain at pumps

Hello Kitty toys: The billion-dollar business of cuteness

Wildcatter hunch unlocks $1.5 tn in offshore US oil

Just as technology has allowed explorers to tap vast new oil and natural gas supplies in onshore shale fields, it's now reinventing the Gulf

Firm that broke the buck in 2008 fails to reach SEC deal

The SEC sued the Bents and two of their companies in May 2009

Soybean crop set to boost exports to a 6-year high

Best monsoon rainfall in two decades is set to boost the oilseed crop to an all-time high

UK seen heading for fastest GDP growth since 2007

Bloomberg News survey says GDP will rise 1.3% this year and 2% in 2014, compared with predictions of 1% and 1.7% previously

Twitter sets market debut in motion by filing for IPO

Goldman Sachs Group Inc will be the lead underwriter for the IPO

How safe are global banks?

Yahoo! CEO says monthly active users climbed 20%

BMW's 'Boss' SUV targets Merc gains to defend lead

BMW's biggest SUV, known internally as "the boss," will hit dealers in November

Dell said to have enough votes for $24.9-bn buyout

Japan plans linker buybacks to match first new issue in 5 years

Japan's plan to reissue linkers on October 8 is a signal of Prime Minister Shinzo Abe's resolve to spur growth in consumer prices and the economy

Obama delays Syria strike to avoid Congress row

He would pursue a proposal by Russia to have Syria surrender its stockpiles of chemical arms to international authorities

Sugar output to peak, set to worsen glut

Futures are headed for a third-year of losses, the longest slump since 1992, as the world heads for a fourth year of surplus in 2013-14

Apple unveils two new iPhones

Unveils iPhone 5C in multiple colours including green and blue, also announced the iPhone 5S

Twitter agrees to acquire mobile advertising exchange MoPub

Twitter paid about $350 mn in stock for MoPub

Apple using rupee downslide to win smartphone buyers

Facebook, Yahoo! seek secret court nod to release more data