UNITED KINGDOM

Lloyds unveils record rights issue

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Lloyds Banking Group launched a record 13.5 billion pound ($22 billion) rights issue and along with rival Royal Bank of Scotland agreed to sell off some businesses to limit their reliance on government support.

Lloyds in record rights issue, UK banks agree shakeup

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Lloyds Banking Group launched a record 13.5 billion pound ($22 billion) rights issue and along with rival Royal Bank of Scotland agreed to sell off some businesses to limit their reliance on government support.
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RBS faces more forced sales in UK bank shake-up

A deal between Royal Bank of Scotland, EU regulators and the UK government could include unplanned disposals, the bank said for the first time on Monday, ahead of a radical shake-up of the UK banking sector.
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Elton John aims for return to stage after illness

Elton John is recovering in hospital from a serious case of e-coli bacterial infection and influenza that forced him to cancel a string of concerts, but he hoped to return to the stage soon, a spokesman said on Monday.
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FTSE up 0.6 pct as miners, oils bounce

Britain's top share index rose 0.6 percent in mid-session trade on Monday supported by gains from miners and oils after bullish economic data, which offset weaker defensive stocks.
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U.S. stock futures signal rebound after selloff

* U.S. stock index futures pointed to a higher open on Wall Street on Monday, signalling a rebound after the previous session's steep losses, with futures for the S&P 500 SPc1 up 0.74 percent, Dow Jones DJc1 futures up 0.68 percent and Nasdaq 100 NDc1 futures up 0.02 percent at 0912 GMT.
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Hit streaming service Spotify eyes U.S. music fans

MTV Urge ... Yahoo Music Unlimited ... Virgin Digital ... Since 2003 -- when iTunes launched in the United States -- all of these digital music services have come and gone, without challenging Apple's market dominance, despite the backing of resource-rich parent companies.
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Stock futures signal rebound on Wall Street

Stock index futures pointed to a higher open on Wall Street on Monday, signaling a rebound after the previous session's steep losses, with futures for the S&P 500 up 0.74 percent, Dow Jones futures up 0.68 percent and Nasdaq 100 futures up 0.02 percent at 4:12 a.m. EST.
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Oil rebounds above $77

Oil rose above $77 a barrel on Monday, retracing some of the previous session's 3.6 percent drop, as bullish manufacturing data from China helped to allay fears about the pace of the rebound in global energy demand.
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Daily Forecast - 11/01/2009

The Australian Dollar begins the new week sharply lower against the greenback at 0.8990. After a local session of range-trading on Friday which saw the Aussie move as high as 0.9174, volatility returned offshore as U.S consumer spending fell 0.5 per cent in September as economic stimulus starts to dry up. High yielding currencies came under selling pressure throughout the New York trading session as the data indicated that consumers will make a limited contribution to the recovery without govern...
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Cellphone market growth raises pricing fears

The global cellphone market is set to grow in the holiday sales-fueled October-to-December quarter, after four quarters of falls, raising fears of pricing battles, analysts said on Friday.
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European shares flat; banks gain, oils fall

European shares were little changed in midmorning trade on Friday after sharp gains in the previous session on data showing the U.S. had emerged from recession, with firmer banks offsetting weaker energy stocks.
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Daily Forecast - 30/10/2009

The Australian Dollar opens higher against the greenback today at 0.9140. The Aussie spent most of the local session beneath US90 cents yesterday but bounced back to life offshore after U.S. economic growth data came in higher than anticipated. The U.S. economy grew at a 3.5 per cent annual pace in the September quarter prompting a rally in stocks and commodities and a move by investors back into high-yielding currencies.

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