AUSTRALIA

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Daily Forecast - 4/2/2010

The Australian Dollar opens lower against the greenback today at 0.8815 after mixed local trade data released yesterday.

BofA Merrill sees room to grow on world markets

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Investors should consider stepping into equities linked to countries that are the first to raise interest rates, Bank of America Merrill Lynch's chief global equity strategist said on Wednesday.
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Door opens for NAB in $11 billion AXA Asia-Pac bid: sources

Australian wealth manager AMP Ltd will not seek to extend its exclusive agreement with France's AXA SA on a joint $11.4 billion bid for AXA's Australian unit, sources said, opening the door for rival bidder National Australia Bank Ltd to start talks with AXA SA.
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Wall Street gains on ISM data, Exxon earnings and Apple

Stocks rose on Monday as better-than-expected data on the manufacturing sector and earnings from Exxon Mobil reassured investors that economic growth is on track, after stocks suffered their worst month in almost a year.
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Stocks rise on manufacturing data, Exxon

U.S. stocks rose on Monday, following three weeks of losses, on stronger-than-expected U.S. manufacturing data and results from Exxon Mobil Corp that beat Wall Street estimates.
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Manufacturing data, Exxon lift stocks

U.S. stocks rose on Monday, following three weeks of losses, as data showed the U.S. manufacturing sector continued to expand in January and after better-than-expected results from Exxon Mobil Corp .
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Toyota chief apologizes for huge recall

Toyota Motor Corp President Akio Toyoda apologized for the recall of millions of vehicles around the world, Japanese broadcaster NHK reported, as the deepening recall crisis threatened to further damage its sales and delay an earnings recovery.
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Toyota chief apologises for huge recall

Toyota Motor Corp President Akio Toyoda apologized for the recall of millions of vehicles around the world, Japanese broadcaster NHK reported, as the deepening recall crisis threatened to further damage its sales and delay an earnings recovery.
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13 of the Weirdest Bars in the World

In the search for more unusual, out-of this-world travelling experiences, travellers are being lured to the ends of the earth to find the most eccentric, wacky and exciting activities, sights and venues. So if you're fond of a tipple or two, you might want to try one of these bars.
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Daily Forecast - 26/1/2010

Yesterday's surprise 0.4% decline in the Producer Price Index did little to curb the markets support for the Aussie dollar around 90 cents as it traded at an intraday high near 0.9075.
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Yemen stops airport visas to hamper militants

Yemen will stop issuing tourist visas on arrival to foreigners in an effort to prevent militants entering the country as it steps up its war on al Qaeda, a government official and state media said on Thursday.
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U.S. must step up to rescue climate talks :Tuvalu

U.N. climate talks face a crisis unless the U.S. Senate passes a climate control bill and failure to do so further risks the future of vulnerable countries such as small island states, Tuvalu said on Wednesday.
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Global slide in '09 economic freedom holds risks

Economic freedoms were sharply reduced last year on massive spending and bailouts during the financial crisis, a trend that could imperil future economic prospects, the U.S.-based Heritage Foundation said on Wednesday.
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Toyota to build 1 million hybrid cars in 2011: report

Toyota Motor Corp plans to increase global production of gas-electric hybrid cars to 1 million units in 2011, twice the volume of last year, as it tries to keep its leading position in the growing low-emission car market, the Nikkei business reported on Monday.
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Rio iron ore output soars, ups ante for prices

Rio Tinto , the world's second-biggest iron ore miner, beat its forecast for iron ore output, reflecting surging demand from Chinese steelmakers and setting the stage for tough contract price talks.
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Asian shares rebound, rate view lifts Aussie

Asian shares rebounded on Thursday as fears receded that China's policy tightening would slow its demand, while strong Australian jobs data raised the chances of a February interest rate hike and boosted the Aussie dollar.
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Asian shares bounce, rate view lifts Aussie

Share markets in Asia rebounded on Thursday as worries that China's policy tightening would slow its demand receded, while strong Australian jobs data raised the chances of a February interest rate hike and boosted the Aussie dollar.

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