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Tensions easing ahead of second half

Tensions in global financial markets stemming from the euro zone's sovereign debt crisis appear to be easing, setting the stage for investors to dip back into risky assets in the second half of this year.

Traders go World Cup crazy as markets languish

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With the U.S. team playing in the World Cup tournament, Wall Street traders are taking advantage of mediocre volume to focus on the games, with trading floor atmosphere anything but dull.
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Investor mood lifts as BP survives spill grilling

BP shares gained in London on Friday after its boss survived a bruising encounter with U.S. lawmakers and as hopes rose its $20 billion oil spill compensation and clean-up fund will cap public anger.
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Australian Dollar Outlook 18/6/2010

The Australian dollar has rallied more than half a US cent overnight on the back of gains in equity markets in Europe and the US. The AUD rallied to a high of USD0.8684, driven by stronger equity markets and investor confidence.
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Daily forex forecast 18/6/2010

The Australian Dollar spent the majority of local trade yesterday above the 0.8600 cents mark as risk appetite returned to the market with high yielders the main benefactor.
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Lawmakers accuse BP chief of evasion over oil spill

Lawmakers accused BP Chief Executive Tony Hayward of evasion and ducking responsibility for the worst oil spill in U.S. history when he appeared before them on Thursday to answer charges his company cut corners on its blown-out Gulf of Mexico well.
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Lawmakers slam BP's Hayward over Gulf spill

Angry U.S. lawmakers hammered BP Chief Executive Tony Hayward at a congressional hearing on Thursday, accusing his company of taking extreme risks that triggered the worst oil spill in U.S. history.
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EU leaders' summit on economic governance

The following are comments by European Union leaders and other officials on Thursday in Brussels, where they were holding a summit to discuss economic governance. EU PRESIDENT HERMAN VAN ROMPUY We agreed that the so-called stress tests of the banks will be published at the latest in the second half of July.
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EU leaders work on ways to prevent new debt crises

European Union leaders hope to agree on ways to strengthen budget discipline and economic policy coordination on Thursday to show financial markets they can prevent a repeat of the euro zone debt crisis.
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Euro eases as stock rally runs out of steam

Asian shares fell and the euro slipped on Thursday as short covering rallies ran out of steam, but some analysts said global markets may have finally found support after a heavy selloff in May.
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GM to restructure Opel without European aid

General Motors said on Wednesday it was dropping its request for European aid to restructure its Opel unit, opting to fund the sweeping turnaround plan on its own after government talks bogged down.
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Doubts cast on male menopause criteria

For many middle-aged and elderly men, low libido, depressed mood and a lack of energy may just be the signs of normal aging -- and not low testosterone levels.
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Daily forex forecast 17/6/2010

The Australian Dollar spent the majority of local trade yesterday above the 0.8600 cents mark as risk appetite returned to the market with high yielders the main benefactor.
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Instant View: BP cuts dividend; to sell assets

Oil giant BP said it would cut four quarters of dividends, significantly reduce its investment program and sell $10 billion of assets to fund a planned $20 billion fund to pay for its Gulf of Mexico oil spill.
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BP cuts dividend and capex to pay for oil spill

Oil giant BP said it would not pay three quarters of dividends, significantly reduce its investment program and sell $10 billion of assets to fund a planned $20 billion fund to pay for its Gulf of Mexico oil spill.
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BP cuts dividend, capex, assets for oil spill

Oil giant BP said it would cut three quarters of dividends, significantly reduce its investment program and sell $10 billion of assets to fund a planned $20 billion fund to pay for its Gulf of Mexico oil spill.
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BP cuts dividend, to sell assets for oil spill fund

Oil giant BP said it would cut three quarters of dividends, significantly reduce its investment program and sell $10 billion of assets to fund a planned $20 billion fund to pay for its Gulf of Mexico oil spill.

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