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Activision countersues former executives

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Activision Blizzard Inc has countersued two former executives, charging them with attempting to hijack the company's assets and threatening the future of its blockbuster Call of Duty video game franchise.
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IMF schedules Iceland loan review for April 16

After months of delays, the International Monetary Fund has reached agreement on a second review of Iceland's IMF loan program and tentatively scheduled a meeting of its board for April 16 to consider the issue.
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3D TV to face global test in soccer World Cup

Hundreds of thousands of soccer fans are likely to get their first taste of live 3D viewing during this year's World Cup, the vast majority of them in cinemas rather than at home, according to football body FIFA.
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BA seals long-awaited Iberia deal

British Airways and Spain's Iberia signed an $8 billion merger to create the world's third-largest airline on Thursday, bringing a three-way tie-up with American Airlines a step closer.
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Euro, stg Libor steady as banks hold rates

Euro interbank lending rates were steady on Thursday as the European Central Bank held interest rates at record lows and gave some details on how new lending rules would work. Benchmark sterling rates were also unchanged as the Bank of England kept interest rates on hold at a record low of 0.5 percent ahead of next month's general election.
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Banks scramble for role in $20 billion AgBank IPO

Six weeks after suffering a huge disappointment with the loss of AIA's massive IPO, equity capital markets bankers in this region received an unexpected present in their inboxes from one of China's largest banks.
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Nokia to launch music download service in China

Nokia will launch its music download service in China, the world's largest mobile market, looking to emerging markets to invigorate the struggling service that competes with Apple's iTunes.
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Tanning Regulations Fall on Deaf Ears

News reports from Australia highlight the difficulties in enforcing tanning bed restrictions and underline the need for strong, national support for public education on the dangers of unprotected UVR exposure.
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Asian stocks near 22-month highs; euro soft

Asian stocks neared 22-month highs on Wednesday as regional investors largely shrugged off festering worries about fiscal problems in Europe and focused on a recovery in the world economy.
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Asian stocks near 22-mth highs; euro soft

Asian stocks neared 22-month highs on Wednesday as regional investors largely shrugged off festering worries about fiscal problems in Europe and focused on a recovery in the world economy.
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RBS kicks off bond restructuring scheme

Royal Bank of Scotland on Tuesday launched its planned bond exchange and buy-back to restructure up to 15.8 billion pounds ($24 billion) of debt, hitting prices of a few lower ranked bonds.
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Greek banks hit as money moved offshore: report

Greek banks are being hit by a wave of redemptions as rich citizens and companies look to move their money to big global banks or offshore as the country's debt crisis rages, the Telegraph newspaper reported on its website.
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Greece denies EU-IMF pact u-turn amid selloff

Greece is not seeking to amend an EU-IMF safety net agreement, a top finance ministry official said, trying to calm markets that ditched Greek assets and the euro after a flurry of news suggesting Athens' debt crisis was worsening.
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Greek debt concerns return to hit euro

The euro fell against both the dollar and yen on Tuesday on renewed worries about Greek debt but European equities hit fresh 18-month highs, outperforming flat global share markets.
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Greece eyes U.S. investors for new bond: report

Greece will launch a multi-billion dollar bond in the United States this month, selling itself for the first time as an emerging market as demand for its debt dwindles in Europe, the Financial Times reported.
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Lehman UK unit says asset manager plan is too soon

The administrators of Lehman Brothers' U.K. unit are objecting to a plan by the collapsed U.S. investment bank to create an asset manager that would continue to oversee its illiquid assets post-bankruptcy.
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Daily Forecast - 6/3/2010

The Aussie dollar opens this morning slightly above the 92 cent level buoyed by optimism of a continued recovery in global economic growth following upbeat U.S economic data in the form of increasing employment.
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FOREX-Dollar slips vs yen after more than 7-month high

The dollar retreated from a seven-month high against the yen on Monday as investors booked profits following four days of gains for the U.S. currency. Higher oil and metals prices helped propel the Canadian dollar to a 20-month high against its U.S. counterpart, leaving it within striking distance of parity, while the euro slipped. A holiday-thinned market kept trading volume light, with the UK, most euro zone countries and parts of Asia closed.

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