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Soros says economic downward trend easing

The downward trend in the financial crisis is easing and national economic stimulus packages are starting to work, billionaire investor George Soros was quoted as saying by a German newspaper on Monday.

Stock futures signal profit taking after rally

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Stock index futures pointed to a lower open on Wall Street on Monday, with futures for the S&P 500 down 1.1 percent, Dow Jones futures down 1 percent and Nasdaq 100 futures down 1.5 percent, as investors were poised to book recent hefty gains.

Oil falls from six-month high above $58

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Oil fell $1 a barrel to below $58 on Monday, reversing some of the previous session's gain, pressured by falling European equities and caution over the pace of any global recovery.
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U.S. risks lost decade due to half-steps: Krugman

The United States risks a Japan-style lost decade of growth if it does not take aggressive action to stimulate its economy and clean up its banking system, Nobel Prize-winning economist Paul Krugman said on Monday.
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New U.N. climate deal: not much bolder than Kyoto?

A planned new U.N. climate pact is shaping up to be a mildly tougher version of the existing Kyoto Protocol rather than a bold treaty to save what U.S. President Barack Obama has called a planet in peril.
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Typhoon lashes northern Philippines, 15 killed

Fifteen people were killed, including a 10-year-old girl, when a typhoon pounded the northern Philippines, triggering mudslides and tearing roofs off houses before weakening, officials said Friday.
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Retailers seek to rein in recovery optimism

Retailers sought to dampen hopes of a quick recovery from recession at an industry summit this week, warning a legacy of over-expansion, changing consumer habits and online competition could curb growth for years.
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Asia pledges common fight against flu

Asian countries agreed on Friday to boost drug stockpiles, share essential supplies and tighten surveillance against an H1N1 flu virus that posed an imminent health threat to the region.
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Asian shares gain ahead of U.S. jobs data

A recent surge in Asian shares lost steam ahead of U.S. monthly jobs data later on Friday that may signal whether the global economy has indeed hit bottom, after stress tests on U.S. banks offered no real surprises.
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Toyota sees $8.6 billion annual loss

Toyota Motor Corp , the world's biggest automaker, forecast a much bigger-than-expected $8.6 billion annual loss and said it would sell about 1 million fewer vehicles this year, leaving it desperately trying to cut costs in the grip of a severe market downturn.
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Toyota sees $8.6 billion annual loss as sales slump

The world's biggest automaker, forecast a much bigger-than-expected $8.6 billion annual loss and said it would sell about 1 million fewer vehicles this year, leaving it desperately trying to cut costs in the grip of a severe market downturn.
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Asian share rally pauses ahead of U.S. jobs data

Asian shares edged lower ahead of U.S. monthly employment data due on Friday that will provide another step in determining whether the recent signs of an improving global economy are real or just wishful thinking.
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China Stirs a Pot of Gold

This week, based on indicators of improving Chinese manufacturing activity, commodity and stock markets surged in the Pacific Rim.
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U.S. envoy in China seeking North Korea strategy

The U.S. envoy for North Korea began a swing through Asia on Thursday to seek support from regional powers to rein in North Korea, which may be preparing to rattle security with a second nuclear test.
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Volvo auction moves ahead; decision possible soon

Ford Motor Co's sale of Volvo is moving ahead as it runs due diligence on the remaining bidders, and a buyer could be announced by the end of this month or next, two sources familiar with the matter told Reuters.
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Afghanistan's only pig quarantined in flu fear

Afghanistan's only known pig has been locked in a room, away from visitors to Kabul zoo where it normally grazes beside deer and goats, because people are worried it could infect them with the virus popularly known as swine flu.
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Haiti rejects Mexican aid ship due to flu fears

Haitian officials rejected a Mexican ship carrying mostly needed food aids due to swine flu fears. The news came Wednesday as Mexico ended a five-day shutdown designed to contain the virus.
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GM to reopen talks with UAW this week

General Motors is set to resume negotiations with the United Auto Workers union this week and believes everything should be open for discussion, the company's chief executive said on Tuesday.
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China says concerned by U.S. naval incident

China said on Wednesday it was concerned after a standoff in the Yellow Sea between a U.S. Navy surveillance ship and two Chinese fishing vessels, accusing the U.S. vessel of contravening international laws.

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