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RBS group offers more cash in $98 bln ABN bid

The takeover battle for ABN AMRO heated up on Monday with the Royal Bank of Scotland consortium boosting the cash element of its 71.1 billion-euro ($98 billion) offer. The offer is above a rival all-stock bid from Britain's Barclays that is worth about 64 billion euros, which has been recommended by ABN's board.

Dollar falls broadly, hits new lows vs high yielders

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The dollar weakened against major currencies on Monday, plumbing fresh multi-year depths against higher-yielding units as bearish sentiment toward the greenback and the outlook for U.S. interest rates gripped markets.

European traders brace for man vs machines war

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European stockbrokers may find it hard to escape unscathed as sweeping regulatory changes lead to a boom in the use of high-tech systems designed to remove the human element from trading and radically reshape markets.
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Dutch court to rule on ABN's LaSalle

The Dutch Supreme Court will issue its ruling on ABN AMRO's suspended sale of its U.S. unit LaSalle on Friday and the decision could sway an acrimonious takeover battle for the Dutch bank.
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BHP seeks partner for Alcoa bid: report

BHP Billiton Ltd/Plc, the world's biggest miner, is in talks with private equity firms to team up for a possible $40 billion bid for U.S. aluminum company Alcoa Inc., the Times said on Tuesday.
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Cinven to buy Spain's USP Hospitales

UK private equity firm Cinven is buying Spain's USP Hospitales for 675 million euros ($920 million) to expand its private hospital portfolio after acquiring 25 in Britain less than a month ago.
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Danone offers $17 bln for food firm Numico

French food group Danone offered 12.3 billion euros ($16.8 billion) for Dutch rival Numico to forge what it said will be the world's largest health and nutrition company.
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Airbus, GE dispute could delay A350 plane: paper

An escalating dispute between Airbus and jet-engine supplier General Electric Co could delay deliveries of the European airplane maker's A350 extra wide body jet, the Wall Street Journal said on Monday.
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Dollar falls as payrolls rally runs out of steam

The dollar fell against the euro on Friday after an unexpectedly strong U.S. jobs report failed to change views that U.S. interest rates will stay on hold this year while overseas rates rise.
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Apple shares at new high on iPhone sales prospects

Shares of Apple Inc. rose more than 4 percent to an all-time high on Thursday as investors bet on strong demand for its media-playing iPhone and speculation mounted over plans to sell the device in Europe.
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Zimbabwe bans bulk buying as shops run empty

Zimbabwe authorities ordered businesses on Thursday to stop selling basic goods in bulk to avert shortages after an official price freeze triggered a frenzied buying spree that has emptied most shop shelves.
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Sterling scales 26-yr peaks vs beleaguered dollar

Sterling jumped to a 26-year high versus the dollar for a third day on Wednesday, vaulting $2.02 and showing no signs of vertigo so far against a broadly weak dollar that stayed near record lows versus the euro.
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FTSE gains as Hilton deal boosts hotels; BoE eyed

Britain's leading share index had edged higher by midday on Wednesday, led by hotel groups after Blackstone agreed to buy Hilton, but overall activity was thin as U.S. markets are closed for a holiday and investors await an interest rate decision on Thursday.
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Barclays says progress on ABN deal shows certainty

Progress made by Britain's Barclays in its offer for ABN AMRO demonstrates its ability to offer the Dutch bank's shareholders certainty and deliverability, Chief Executive John Varley said on Wednesday.
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European shares rise as Hilton deal boosts hotels

European share indexes ticked higher early on Wednesday, helped by the hotel sector, but investors were awaiting fresh direction ahead of two rate decisions later in the week and with U.S. markets closed for the Independence Day holiday.
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RBS group says doesn't know many of key ABN facts

Royal Bank of Scotland (RBS.L: Quote, Profile, Research) and its partners seeking to buy Dutch rival ABN AMRO for 71 billion euros ($96.6 billion) do not know many of the key facts relating to their target, documents showed on Tuesday.
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Dollar steadies as foreign bank moves awaited

The dollar steadied on Tuesday after two sessions of steep falls, hovering just above a record low against the euro, as investors eyed central bank meetings this week in Europe which could keep overseas yields climbing.

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