UNITED KINGDOM

Daily Forecast - 18/11/2009

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Third quarter Wage Cost Index data came in right on expectations increasing by 0.7% for the quarter and 3.6% on an annualised basis keeping the Aussie between 0.9290 and 0.9320 during morning trade. A story on Bloomberg quoting Chinese Central Bank adviser Fan Gang, who also heads the National Institute of Economic Research, as saying double digit growth in China would not be good as it poses a risk of promoting a property and commodity market bubble put a dampener on the AUD. With Chinese eco...

JPMorgan set to seal Cazenove deal Thurs -sources

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U.S. bank JPMorgan Chase & Co is likely to seal its purchase of the half of Cazenove it does not own for just under 1 billion pounds ($1.7 billion) on Thursday, people familiar with the matter said.
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Call of Duty game sells $550 million in 5 days

Activision Blizzard Inc said its video game Call of Duty: Modern Warfare 2 scored record sales of $550 million in its first five days, but the company is still concerned about weak consumer spending.
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Doctors say most Britons reject swine flu vaccine

More than half of Britons being offered vaccination against pandemic H1N1 flu are turning it down because they fear side-effects or think the virus is too mild to bother, a survey of doctors showed on Wednesday.
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Daily Forecast - 18/11/2009

Yesterday's release of the RBA board minutes from the November 3 0.25% interest rate rise cast some doubt as to the scale of the current wave of Monetary Policy tightening. In the minutes the central bank said ...further gradual adjustment in the cash rate would most likely be appropriate over time, though the pace of the adjustment remained an open question. The market had been looking for more aggressive wording given the hikes already priced in for 2010 and were somewhat disappointed by the...
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Banks, policymakers spar over new rules

Big banks stepped up warnings on Tuesday that tightening capital rules too soon could stall economic recovery, but policymakers said the bailed out sector cannot rely on taxpayers again in future.
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NATO chief confident of big troop increase

NATO Secretary-General Anders Fogh Rasmussen said on Tuesday he was confident the alliance would substantially increase its forces battling Taliban insurgents in Afghanistan.
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Coal stocks, abundant gas pose UK power plants dilemma

Britain's power generators face a coal against gas burning dilemma this winter that extends beyond fuel prices, with high coal stocks, limited coal-fired power plant lifespans, and carbon prices blurring decisions.
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Miners, banks drag FTSE down, breaking 4-day rally

Britain's top share index was 0.5 percent lower in mid-session trade on Tuesday as investors paused for breath after a four-day winning streak, with falls in banks and miners offsetting gains in some defensive issues.
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Berkshire buys Nestle, Exxon; ups Wal-Mart stake

Billionaire Warren Buffett's Berkshire Hathaway Inc on Monday revealed new investments in Nestle AG and Exxon Mobil Corp and that it has nearly doubled its investment in Wal-Mart Stores Inc .
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Xbox 360 gets social with Facebook & Twitter

Microsoft is plugging social networks into Xbox 360 in an effort to bring more games, entertainment and social experiences all from a single device, the company said on Monday.
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Daily Forecast - 17/11/2009

With no local economic data released yesterday the Australian dollar bounced around between 0.9320 and 0.9350 for the majority of the Asian day searching for direction. The directionless trade continued well into the evening and throughout the European session only coming to life in North American exchange. Consumer Spending data out of the U.S surprised to the upside triggering a surge in demand for equities and riskier assets in general which benefited the Aussie dollar. At its peak the AUD/US...
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Online gangs cash in on swine flu

Criminal gangs are making millions of dollars out of the H1N1 flu pandemic by selling fake flu drugs over the internet, a web security firm said on Monday.
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Online gangs cashing in on swine flu

Criminal gangs are making millions of dollars out of the H1N1flu pandemic by selling fake flu drugs over the internet, a web security firm said on Monday.
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Majestic Wine sees boost from First Quench woes

Britain's largest wine warehouse chain Majestic Wine said it would get a boost from First Quench Retailing's fall into administration as it posted a 9 percent rise in first-half profit and robust current trading.

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