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G20 delays new bank rules to safeguard recovery

The G20 has agreed to give banks more time to adopt tougher global rules in a concession that the body tasked with coordinating reforms said would both safeguard the recovery and ultimately lead to stronger banks.

G20 push for IMF voting power deal by November

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Group of 20 leaders pledged on Sunday to push for agreement on greater voting power for emerging economic powers in the International Monetary Fund by the next summit in Seoul, South Korea, in early November.

G20 offers no big boost for fearful markets

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Deficit pledges made by Group of 20 leaders on Sunday won't provide a big boost for financial markets, with uncertainty about the strength of global economic recovery still the larger concern for investors.
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Storm threat to oil spill efforts

The first named storm of the Atlantic hurricane season was on track on Saturday to reach the Gulf of Mexico within days, a potential threat to containment and cleanup of the worst ever U.S. oil spill.
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Storm a new twist for U.S. oil spill cleanup effort

President Barack Obama was expected to focus on the Gulf of Mexico oil spill disaster in talks on Saturday with Britain's new leader, even as the first named storm of the Atlantic hurricane season threatened to disrupt containment and cleanup efforts.
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G20 countries to fight debt at own pace

World leaders neared agreement on Saturday to halve their budget deficits within three years but, fearing spending cuts would jeopardize a fragile recovery, they planned to allow each country to set its own pace.
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Leaders play down austerity split on eve of G20

The world's richest economies, saddled with huge debts after spending their way out of the credit crisis, papered over differences on Friday on how to clean up their finances with minimal damage to growth.
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British PM fears BP's destruction

President Barack Obama and British Prime Minister David Cameron were expected to discuss London-based BP Plc and the Gulf of Mexico oil spill on Saturday as stormy weather raised fears that clean-up operations could be disrupted.
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Obama, Cameron expected to talk BP spill

U.S. President Barack Obama and British Prime Minister David Cameron were expected to discuss London-based BP Plc and the Gulf of Mexico oil spill on Saturday as stormy weather raised fears that clean-up operations could be disrupted.
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E-books pave way for more blockbusters, serials

Stieg Larsson copycats take note: The slow rise of electronic books is paving the way for more safe-bet fiction blockbusters and serial-type books, at least in the short term, according to some book experts.
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Storm threatens to disrupt BP oil-siphoning

With a storm threatening to disrupt oil-siphoning efforts at BP Plc's blown-out Gulf of Mexico well, the U.S. Coast Guard on Friday said collection efforts would be suspended five days before the forecast onset of gale-force winds.
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BP spill clean-up at key stage as its shares plummet

BP Plc's struggle to contain the Gulf of Mexico oil spill was nearing a potentially important stage on Friday even as worries about the soaring costs of the clean-up sent the company's shares nose-diving to a 14-year-low.
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Europe drags global takeovers to six-year slump

Global merger and acquisition activity in 2010 is off to its worst start in six years, and with economic uncertainty and a sovereign debt crisis in Europe, the second half could be just as disappointing.
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Palladium may be in short supply in 2010

Increased demand from investors and steady depletion of Russian state stockpiles are likely to bring the palladium market into balance in 2010. According to UK investment bank Barclays, despite an expected increase in supply, strong growth in investment demand, coupled with the possible exhaustion of Russian state supplies has the potential to balance the market in 2010, and even drive it into deficit.
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Daily forex forecast 25/6/2010

With a distinct lack of any local economic data the Aussie dollar traded within a narrow band bouncing between 0.8670 and 0.8770 over the last 24 hours.
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U.S. keeps G20 focus on growth but Europe resists

The United States said on Thursday world leaders must work to keep economic growth on track but Europe dug in its heels ahead of a G20 summit, insisting that now was the time to work on cutting costs.

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