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Dollar gloom could spell doom

Chinese state oil firm CNPC may face Kazakh government opposition to its planned $4.2 billion takeover of Canada's PetroKazakhstan, possibly over ownership of the Central Asian nation's largest refinery, industry sources said.

Ford Motor Co's luxury brand Jaguar said it will eliminate around 1,150 jobs at its main British plant in Coventry, central England, under a revamp of the prestigious but loss-making division.