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Brewer SABMiller Plc , trying to fend off an unsolicited takeover offer from rival Anheuser-Busch InBev , announced an accelerated cost-savings plan on Friday in an attempt to convince shareholders it can boost earnings on its own. The maker of beers including Peroni, Grolsch and Pilsner Urquell said it now expects to reach annualized cost savings of at least $1.05 billion by 2020. "We are continuing to remove duplication across markets, bringing specialist expertise in areas like procurement under one roof, and standardizing common processes," said Chief Executive Alan Clark.
By Jamie McGeever LONDON (Reuters) - World stocks rose on Friday, putting them on course for their biggest weekly rise in four years after minutes of the Federal Reserve's last policy meeting showed the U.S. central bank is in no rush to raise interest rates. Investors' relief that the Fed probably won't move until some time next year saw them take on more risk across the board, with commodities and emerging market assets also recovering some of their recent heavy losses. Brent crude oil was on track for its biggest weekly rise since March 2009, while zinc soared 9 percent - its biggest daily gain for seven years - after troubled mining giant Glencore said it would cut production.