UNITED KINGDOM

Global factories enjoy bumper February

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Factories around the world enjoyed a bumper February with business surveys showing the manufacturing sector in major economies continued to lead an economic recovery, despite a slowdown in some growth rates.
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UK's Pru confirms to buy AIG Asia for $35.5 billion

Britain's Prudential said it would buy AIG's Asian life insurance arm for $35.5 billion, in a deal set to make the insurer the undisputed leader in one of the world's fastest-growing financial services markets.
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HSBC, Standard CEOs to donate bonuses -report

The chief executives of HSBC Holdings , Europe's biggest bank, and Asia-focused rival Standard Chartered are set to give their bonuses to charity, newspapers reported on Sunday, following a high-profile row over the sums paid to bankers.
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Daily Forecast - 1/3/2010

Friday's private sector credit data out of Australia gave the Aussie dollar a boost from 0.8880 to send it above the 89 cent level heading into the European session.
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UK, Iceland in contact on Icesave, no new meetings

Icelandic negotiators may return home on Monday from London if no new meetings are called with British officials over the Icesave debt crisis, Icelandic Radio quoted a finance ministry spokesman as saying.
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HSBC CEO to give bonus to charity: reports

Michael Geoghegan, the chief executive of Europe's biggest bank HSBC Holdings , is set to give his bonus to charity, newspapers have reported, following a high-profile row over the sums paid to bankers.
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Iceland, Britain restart talks on Icesave: report

Officials from Britain and Iceland met on Saturday in a renewed attempt to reach a deal on repayment of more than $5 billion lost by overseas savers when Iceland's banks collapsed, Icelandic media reported.
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UK's Prudential in talks to buy AIG Asian arm: sources

Prudential , Britain's largest insurer, is in advanced talks to buy the Asian arm of U.S. giant AIG , in what could be one of the largest overseas deals to date for a UK firm, sources familiar with the discussions said on Saturday.
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Myanmar court rejects Suu Kyi appeal

Myanmar's Supreme Court on Friday rejected an appeal by pro-democracy leader Aung San Suu Kyi against her house arrest, a ruling diplomats said would cast further doubt on the legitimacy of this year's election.
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Stocks dip as U.S. GDP fails to cheer

The U.S. stock market is trading slightly down in early Friday trading, showing little enthusiasm over the revised Gross Domestic Product (GDP) report.
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Lloyds sags to loss on hefty bad debts, Irish woes

Lloyds , Britain's largest retail bank, suffered another big loss last year as it took a 24 billion pounds ($37 billion) hit from loans that soured, mostly assets inherited from its controversial takeover of rival HBOS.
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Lloyds shrinks loss in 2009, bad debts soar

Lloyds , Britain's largest retail bank, shrank its losses in 2009, despite a 24 billion pound ($37 billion) hit from loans that soured, mostly assets inherited from last year's takeover of rival HBOS.
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Lloyds posts $9.6 billion 2009 loss, bad debts soar

Lloyds , Britain's largest retail bank, shrank its losses in 2009, despite a 24 billion pounds ($37 billion) hit from loans that soured, mostly assets inherited from rival HBOS, which it bought last year.
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Lloyds posts $9.7 billion 2009 loss, bad debts soar

Lloyds Banking Group , Britain's largest retail bank, posted a 6.3 billion pounds ($9.66 billion) loss in 2009, as the part-nationalised British bank lost 24 billion pounds on loans that soured, mostly from old HBOS assets.
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Stocks shrug off weak U.S. data, euro edges up

Asian stocks rose on Friday as investors tried to shake off weak economic data in the United States and Europe, but lingering caution about riskier assets supported the safe-haven yen.
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Stocks, commodities tepid as risk shunned

The euro languished near one-year lows against the yen on Friday, while commodities and Asian stocks struggled in tepid trade as worries about Greece and the health of the world economy took hold.

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