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Eurostar trains resume after winter travel chaos

Eurostar trains between Britain and France resumed on Tuesday after three-days of cancellations because of heavy snow, but severe weather conditions continued to cause travel chaos in Britain.

China blamed for climate failures

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The Britain's climate change secretary Ed Miliband said Monday that China had led a group of countries that hijacked the negotiations, admitting that Copenhagen summit failed to achieve what had been hoped for.

Daily Forecast - 22/12/2009

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The Aussie failed to hold on to the 89 cent level in early morning trade yesterday declining steadily throughout the Asian session to enter offshore exchange around 0.8840 against the Greenback.
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LSE adds Turquoise color to trading

The London Stock Exchange bought a majority stake in platform rival Turquoise, giving its owners a well-timed exit, aligning its interests with those of big clients and granting it immediate access to pan-European share trading.
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Aid groups adjust as funding crisis bites

Relief agencies have been hit by the global recession and falling donations, forcing them to cut jobs and to scale back or slow aid projects, and experts warn they may have to take more extreme measures.
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Dubai World to meet creditors, offer no proposal

Dubai World will not make any concrete proposals to delay $22 billion in debt when it meets creditors on Monday, a move that is likely to dismay investors who have been left in the dark for weeks.
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Banks weigh on Asian shares, dollar steady

Asian share markets struggled to hold early gains on Monday, with bank shares pressuring some lower even as tech stocks gained, while the dollar held steady on the yen and hovered near a three-month high on the euro.
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Daily Forecast

The Aussie dollar bounced back from Friday's morning sell off towards 88 cents to enter offshore exchange around 0.8880 against the Greenback. Lacking direction during European trade the AUD/USD bounced between 0.8860 and 0.8910 on several occasions, surviving a brief dip to 0.8840 and opening this morning pressing against resistance at 0.8910. With persistent demand for U.S dollars over the last week expected to continue it appears attempts to regain the 90 cent handle will be relatively short ...
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Dubai World poised to press for loan extensions

Debt-ridden conglomerate Dubai World is expected on Monday to ask key creditors for more time to pay off its loans, but leave them none the wiser concerning their prospects of being paid back in full.
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Full repayment of Dubai debt still option: report

Dubai, set to ask creditors for a standstill on restructuring some $22 billion in debt linked to troubled conglomerate Dubai World , may still repay lenders in full, a local newspaper said on Sunday, citing unnamed sources.
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Kraft seeks OK for share sale in Cadbury deal

Kraft Foods Inc (KFT.N) will convene a meeting on February 1 to urge shareholders to approve a proposal to issue shares and bankroll its hostile bid for Britain's Cadbury Plc (CBRY.L).
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Buyout firms bid for UK's Pets at Home: sources

At least seven private equity firms have submitted bids for Pets at Home, increasing the likelihood of a sale of the UK retailer rather than an initial public offering (IPO), sources familiar with the matter said.
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Bomb Voyage In 2010?

The tally at the end of the afternoon on Thursday had gold prices showing a $40.40 loss with the metal quoted at $1093.80 per ounce, a price level not seen since before Thanksgiving
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Energy efficient buildings key to UK CO2 cuts

Improving the energy efficiency of Britain's buildings is crucial for meeting the country's carbon dioxide (CO2) emissions targets by 2050, a report by the government-backed Carbon Trust found on Friday.
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Kraft lender Barclays wins bigger role on Cadbury

Barclays Capital, one of the banks providing $9.2 billion of loans to help fund Kraft Foods Inc's hostile bid for Britain's Cadbury Plc , has won a bigger role as one of Kraft's financial advisers.
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Deutsche Bank eyes bid for RBS Sempra: sources

Deutsche Bank (DBKGn.DE) is interested in bidding for commodity trading joint venture RBS Sempra as part of plans to strengthen its commodities business and is one of several suitors remaining, people familiar with the matter said on Thursday.
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Danish DUC North Sea oil output rises in Nov

The Danish Underground Consortium's (DUC) oil output from Denmark's part of the North Sea rose by 3.1 percent in November from October, operator A.P. Moeller-Maersk said on Thursday.
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Daily Forecast - 17/12/2009

The much anticipated third quarter Australian GDP figure surprised the market yesterday rising by a less than expected 0.2%.

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