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Australian Dollar Outlook 19/8/2010

The Australian Dollar is steady after a relatively quiet night on the economic data front gave the markets little to draw on as far as the state of the economic recovery in the US and Europe is concerned.

Capital One credit card defaults fall in July

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Capital One Financial Corp's U.S. credit-card defaults continued their decline for the fourth straight month, signaling that fewer Americans were falling seriously behind in their credit card payments.
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Australian Dollar Outlook 16/8/2010

The Australian Dollar has opened weaker this morning trading around the 0.8950 level after a fairly quiet US session on Friday night in which US data releases were not that bad in relation to consensus.
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UK's Prudential trims cost of botched AIA deal

Insurer Prudential said it had reduced the cost of its failed bid for AIG's Asian unit and confirmed it has no further appetite for M&A as it reported forecast-beating half-year profit.
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India's first jewellery week from Aug 15

Finally, India will have its first ever jewellery week, the India International Jewellery Week (IIJW), from August 15 to 19 in Mumbai. It is a fabulous platform for jewellery designers to come together and showcase their talent. This is the first time the jewellery industry will witness something like this.
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Prudential H1 net profit up 34 percent

Britain's largest insurer Prudential Plc reported a better-than-expected 34 percent rise in first-half operating profit, helped by improving investment returns amid a broader market recovery.
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Asian shares down on growth fears

Asian stocks slid to a near three-week low on Thursday on growing doubts about global economic growth that also helped the dollar cling to its gains after it scored its biggest rise in nearly two years.
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Fortress to buy most of AIG consumer finance unit

American International Group Inc is selling most of its consumer finance unit to hedge fund and private equity firm Fortress Investment Group at a deep discount and taking a $1.9 billion pretax loss due to the sale.
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BoE forecasts leaves scope for further easing

The Bank of England left the door open on Wednesday for more monetary easing, cutting its forecast for UK economic growth and predicting that inflation would fall well below its 2 percent target in two years.
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BoE inflation report suggests scope for policy easing

British inflation will fall well below its 2 percent target in two years, even if interest rates remain at record lows, the Bank of England said on Wednesday, leaving scope for further policy easing if the economy worsens.
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India squeezes BlackBerry

India may temporarily shut down BlackBerry services if New Delhi's concerns about security are not addressed in a meeting between the government and mobile phone operators on Thursday, government sources said.
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Australian Dollar Outlook 11/8/2010

The Australian Dollar continued to be sold off late yesterday and into the evening trading session ahead of the widely anticipated FOMC Meeting overnight.
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BlackBerry gets reprieve, source says Saudi deal

BlackBerry maker Research In Motion has agreed to hand over coveted codes to users' phones to try to avert a ban on its Messenger service in Saudi Arabia, an industry source familiar with the talks told Reuters on Tuesday.
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Wendy's/Arby's plans 180 restaurants in Russia

Wendy's/Arby's Group Inc plans to open 180 dual-branded Wendy's and Arby's restaurants in Russia over the next 10 years, becoming the latest U.S. fast food chain to look to that market for growth.
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Smoothies aid McDonald's July sales

New summer drinks in the United States and longer hours in Europe helped McDonald's Corp sales beat Wall Street forecasts for July and lifted its shares to their highest ever.
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Saudi telecoms test fix to avert BlackBerry ban

Saudi Arabia told the kingdom's telecom operators on Saturday to test a proposed fix to the perceived national security threat posed by Research In Motion's BlackBerry smartphones, and said it would not ban service if the test was successful.
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Australian Dollar Outlook 9/8/2010

The Australian Dollar has opened this morning just under 0.9200 after breaching this level on Friday night after the market digested the release of US July non-farm payrolls that saw a decline of 131k in the month, which was more than the forecast loss of 65k.
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BlackBerry in bid to address Saudi security concerns

BlackBerry maker and Saudi mobile firms are testing three servers to send communications and data through Saudi Arabia before Canada to address Riyadh's concerns over security, a Saudi official said on Sunday.

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