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Acquisition worries overdone for Australia's NAB?

Shares in National Australia Bank, the country's top lender, have lagged peers by far in the past six months as investors fret its acquisition moves are distracting it from the core banking operations.

EU hedge fund row ends in stalemate

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European Union finance chiefs failed on Tuesday to resolve a row over new rules to control hedge funds, a spokeswoman for the EU's Spanish presidency said.
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Lehman Brothers' whistle blower was ousted: report

Lehman Brothers Holdings Inc ousted whistle blower Matthew Lee just weeks after he had raised concerns with Lehman's auditor about the firm's accounting in 2008, the Wall Street Journal said, citing people familiar with the matter.
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EU executive to put Greek plan to finance ministers

The European Union's executive said on Monday it was ready to propose a framework that could be used to aid Greece, despite signs of continuing reluctance from France and Germany to make concrete commitments.
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Download growth boosts 2009 UK music royalties

British songwriters, composers and music publishers earned 623 million pounds ($944.8 million) in royalties in 2009, up 2.6 percent on 2008 and the first time the growth in digital revenues outperformed the drop in CD and DVD earnings.
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EU to discuss Greek aid, Germany skeptical

Euro zone finance ministers on Monday will look at how to give Greece financial aid should it ask for help, but there were signs France and Germany were holding out on making concrete commitments.
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Alice leads box office, as Green Zone flops

Alice in Wonderland raced to a $430 million haul at the worldwide box office on Sunday, while Matt Damon's new Iraq war conspiracy thriller Green Zone was one of the year's first big flops.
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Greek bailout tops EU finance ministers' agenda

Finance ministers from countries using the euro hope to agree on Monday on a way of providing heavily indebted Greece with financial aid, despite French and German doubts that a deal will be reached.
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Stocks slip amid China, sovereign debt jitters

Asian stocks fell from near seven-week highs on Monday as a currency spat between China and the United States and worries about sovereign debt combined to keep investors away from riskier assets.
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Abu Dhabi SWF sees more global uncertainty in 2010

Abu Dhabi Investment Authority , considered the world's largest sovereign wealth fund, said the global economy still faces considerable uncertainty, in its first annual review aimed at enhancing transparency.
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Daily Forecast - 15/3/2010

The Australian Dollar opens higher at 0.9180 as the greenback and Yen weakened on Friday night and markets move back into currencies linked to economic growth.
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Seven hours in Singapore

Why only seven hours? It does seem like an awfully short amount of time to spend in a city-state, even one as small as Singapore.
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GM's Russia reorganization sparks fears at Opel

Opel workers demanded reassurances that its European brand will not be disadvantaged at the expense of sister brand Chevrolet, after Opel lost responsibility for the Russian region to an Asian arm of General Motors.
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U.S. setting bad example on protectionism: Sarkozy

President Nicolas Sarkozy of France accused Washington on Friday of setting the wrong example on protectionism, suggesting there had not been a level playing field in the race for a $50 billion refueling plane contract.
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British hostage endured mock executions in Iraq

British computer expert Peter Moore, held captive in Iraq for 2-1/2 years until his release in December, has said he was tortured and subjected to mock executions by a well-trained kidnap gang.
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Big auto and EU face off over green van targets

Europe's vanmakers have gone a long way toward meeting proposals to curb climate-warming emissions, but as debate on the 2016 targets kicks off big auto is seen digging its heels in over the last mile.

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