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FTSE slips as bank gains offset by weaker energy

Weakness in energy stocks, pulled lower by downbeat results from Royal Dutch Shell (RDSa.L), offset gains from banks and miners leaving Britain's FTSE 100 .FTSE off 0.3 percent by midsession on Thursday.

Daily Forecast 29/10/2009

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The Australian Dollar opens sharply lower this morning against the greenback at 0.8964 after yesterday's key inflation data.

UK threatens Web access block in piracy fight

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Britain is to push ahead with a law to clamp down on illegal file sharing, that would start with a series of warning letters and could result in repeat offenders losing their Internet connection.
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TCW buys stake in Centrica wind farms

Centrica Plc, owner of the British Gas brand, will sell a 50 percent stake in three wind farms to U.S. based TCW, signaling renewed investment interest in an industry where recession has crimped financing.
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Study says combined therapy helps head, neck cancer

Patients with non-operable head and neck cancers should be given chemo- and radiotherapy at the same time, as it more than doubles the time they live without the disease getting worse, British scientists said on Wednesday.
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Pulp not reuniting for Glastonbury fest

Britpop icons Pulp are not planning to reunite for Britain's Glastonbury music festival next June, despite reports that singer Jarvis Cocker had been in talks with the band, his spokesperson said Tuesday.
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Uighur film shunned due to fear over China-producer

International movie distributors have shunned a film on exiled Uighur activist Rebiya Kadeer, whom China condemns as a separatist, because they fear Beijing's wrath, the film's producer said on Tuesday.
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U.S. consumer confidence up for first time since 2007

Global consumer confidence is rebounding, and in the United States has risen for the first time since 2007, amid signs the world economy is picking up although spending is still restrained, a survey showed on Wednesday.
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Split of Northern Rock expected in 2010

The European Union will on Wednesday approve Britain's plan to break up failed bank Northern Rock, paving the way for a split in early 2010 and the eventual sale of parts of the bank, a source familiar with the situation said.
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Daily Forecast 28/10/2009

The Australian Dollar opens little-changed today against its U.S. counterpart at 0.9150. Despite a poor lead from local equities, the Aussie held onto support around the 0.9130 where buyers emerged pushing it up towards an intraday high of 0.9182. Supporting the unit was a positive quarterly NAB business confidence survey which increased by 20 points.
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Iran wants big changes to nuclear deal with powers

Iran wants major amendments within the framework of a U.N. nuclear fuel deal which it broadly accepts, state media said, a move that could unravel the plan and expose Tehran to the threat of harsher sanctions.
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ING sets unwelcome precedent for state-aided banks

Investors are shunning European bank shares after an EU-imposed break-up and retrenchment of Dutch ING Groep sparked fears Belgium's KBC and UK peers face tougher-than-expected sanctions in return for state aid.
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BP Q3 profit halves, beats forecasts on cost cuts

BP Plc beat third-quarter earnings forecasts by a big margin in a sign Chief Executive Tony Hayward's restructuring plans were delivering results, with cost cuts ahead of targets and oil and gas output up strongly.
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BP profit halves, beats forecasts on cost cuts

BP Plc beat third-quarter earnings forecasts by a big margin in a sign Chief Executive Tony Hayward's restructuring plans were delivering results, with cost cuts ahead of targets and oil and gas output up strongly.
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BP beats forecasts on cost cuts

BP Plc beat third-quarter earnings forecasts by a big margin in a sign Chief Executive Tony Hayward's restructuring plans were delivering results, with cost cuts ahead of targets and oil and gas output up strongly.
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Daily Forex Commentary Oct 27

The Australian Dollar opens lower on Tuesday at 0.9140 as the recent positive sentiment towards high-yielding currencies evaporated overnight as stocks and commodities both declined.
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Daily Forecast 27/10/2009

The Australian Dollar opens lower on Tuesday at 0.9140 as the recent positive sentiment towards high-yielding currencies evaporated overnight as stocks and commodities both declined. During Monday's domestic session the unit traded briefly beneath US92 cents as local equities began trade in the red. Australia's PPI (producer price index) at the final stage of production came in slightly below expectation at 0.1 per cent for the September quarter however the local unit was well supported and move...
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Twitter entries satirize works of literature

Deciphering William Shakespeare plays in school essays apparently was not enough for two university students who have written a book of Twitter entries that summarize and satirize works of literature.
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ING to split in two, launch rights issue

Dutch bancassurer ING Group NV will split in two, shrinking itself into a smaller Europe-focused bank, in the most striking example yet of the deep changes the EU wants to force on banks that received state aid.

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