AUSTRALIA

Google, Khosla back weather insurance startup

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Silicon Valley venture capitalist Vinod Khosla and Google Ventures have invested $42 million in a start-up run by former Google employees, which helps insure farmers against losses from increasingly volatile global weather.

India ups iron ore export duty, China hardest hit

India will quadruple export duty on iron ore fines as it seeks to curb exports, mostly to China, in a budget move announced on Monday that hit domestic producer shares and could push spot prices to new record levels.
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Futures flat as Libyan unrest continues

Stock index futures were mostly flat on Monday on continued concerns the unrest in Libya could spread through the region, though stable oil prices prevented further losses.
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Stock index futures signal early dip

U.S. stock index futures pointed to a lower opening on Wall Street on Monday, with futures for the S&P 500 down 0.08 percent, Dow Jones futures down 0.13 percent and Nasdaq 100 futures down 0.27 percent at 4.17 a.m. EST.
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U.S. stock index futures signal early dip

U.S. stock index futures pointed to a lower opening on Wall Street on Monday, with futures for the S&P 500 down 0.08 percent, Dow Jones futures down 0.13 percent and Nasdaq 100 futures down 0.27 percent at 4.17 a.m. EST.
The Australian Prudential Regulation Authority (APRA)

Australia regulator announces strict liquidity rules

Australia's financial regulator has ruled certain assets, including quasi-sovereign bonds, cannot be considered a reliable source of liquidity for banks and financial institutions, taking a harder line than many global peers and dealing a setback to local banks.
New Zealand Earthquake

New Zealand quake city starts to bury dead, toll 148

New Zealand's earthquake-shattered city of Christchurch prepared to bury the first victim on Monday of last week's devastating tremor that killed at least 148 people as aftershocks forced the evacuation of scores of people in hillside suburbs.
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Getting dumped spurs matchmaking business

In the process of picking up the pieces of his own broken heart, Thomas Edwards stumbled upon a business helping others fix their love lives. After a college romance ended badly, Edwards' confidence tanked and his social life disappeared.
Sinopec, Australia Pacific in 20-yr LNG deal

Sinopec, Australia Pacific in 20-yr LNG deal

China's Sinopec clinched the second-largest single Chinese liquefied natural gas deal, and ventured for the first time into a foreign unconventional gas asset to feed a domestic boom for the clean fuel.
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Lloyds swings back to profit despite Irish hit

Part-nationalized British bank Lloyds swung back into profit last year after a recovery in its core UK retail banking operations absorbed a 4 billion-pound ($6.5 billion) hit on bad debts in Ireland.
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Food prices could reach 2008 level: USDA

U.S. consumers could see food costs spiking to levels seen during the food crisis of 2008 as higher commodity and energy prices force companies to raise prices on products lining grocery store shelves, the Agriculture Department said on Thursday.
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Newmont profit up but sees gold, copper output off

Newmont Mining Corp's (NEM.N) fourth-quarter profit rose sharply, beating Wall Street estimates, and the company increased its gold reserves by 2 percent. The world's No. 2 gold producer said on Thursday that net earnings were $812 million, or $1.61 per share, compared with $558 million, or $1.13 per share, in the same quarter of 2009.
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Gold steadies, inflation fears offer support

Gold steadied near seven-week highs on Thursday, as investor fears over inflation stemming from the spike in crude oil were partially offset by pockets of profit-taking after the market's 6 percent rise this month.
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Gillard govt to set carbon price from mid-2012

Australia's government launched a third attempt on Thursday to make carbon polluters pay for their emissions, unveiling plans for a fixed-price scheme from 2012 and vowing not to surrender this time in the face of fierce opposition.
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Global mining M&A set to accelerate in 2011: report

Merger and acquisitions activity in the global mining sector is expected to accelerate in 2011, fueled by strong commodity prices and repaired balance sheets, advisory and accountancy firm Ernst & Young said on Wednesday.
A pedestrian walks past the NASDAQ building in New York City

Nasdaq mulls NYSE bid in exchange deal dash

Nasdaq OMX Group Inc could launch a rival bid for NYSE Euronext to avoid being left on the sidelines, a source said, as traditional exchanges race to merge to see off upstart electronic rivals.
A engineer works at a road construction project near Isiolo town, 320 km (200 miles) north from the capital Nairobi

M&R falls to H1 loss, to sell assets

South African building firm Murray & Roberts fell to a half-year loss on Wednesday and said it will sell some assets in the Middle East and Australia, as it fights to ride out an industry-wide slump.

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