UNITED KINGDOM

Daily Forecast 22/10/2009

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The Aussie dollar held on to 0.9190 during European exchange with this level becoming somewhat of a key short term technical support as it was the third time in 24 hours the AUD bounced from there.
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European shares led lower by financials, D.Bank Q3

European shares fell for a second day on Wednesday, with financial stocks taking most points off the leading index after Deutsche Bank unexpectedly released quarterly figures that knocked its stock.
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Goldman Sachs exec defends bonuses at ethics debate

Bumper payouts to bankers should be seen as part of a longer term investment in London's economy, the vice chairman of Goldman Sachs International told a debate on ethics at St Paul's Cathedral on Tuesday.
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Daily Forecast - 21/10/2009

The Aussie dollar continued to press higher in Asia yesterday trading marginally above the 93 cent handle following the release of the RBA board minutes with the central bank continuing to send the same bullish signals on interest rates. Support for the high yielding AUD continued throughout European trade with buyers lining up ahead of 0.9250 that was until North American investors entered. Disappointing housing data out of the U.S triggered a flight back into the Greenback and subsequently pus...
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Iran honors Guards killed in attack, blames U.S

Iran's military accused the United States and Israel of terrorism as it held a funeral on Tuesday for high-ranking commanders killed in the deadliest attack in the Islamic Republic since the 1980s.
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GM, Opel Trust signal Magna on track to win Opel

General Motors looked poised to sign over carmaker Opel to Canada's Magna as fears the EU might scupper the deal were dispelled, but Spanish workers planned strikes to protest looming cost cuts.
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Karzai agrees to Afghan election runoff

Afghan President Hamid Karzai must face an election run-off against his main rival on November 7, officials said on Tuesday, to resolve a disputed first round that plunged the country into months of political uncertainty.
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Barclays drags banks, FTSE lower; US earnings eyed

A sale of Barclays shares by the Qatari Investment Authority (QIA) dented banking stocks, pulling Britain's FTSE 100 index slightly lower by midday on Tuesday, but the move lifted Sainsbury shares by reviving bid talk.
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Adecco to acquire MPS for $1.3 billion

Switzerland's Adecco , the world's largest staffing company, said on Tuesday it would acquire U.S. rival MPS Group Inc for $1.3 billion in a cash transaction.
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Daily Commentary - 20/10/2009

The Aussie dollar opened Monday a nervous note with local investors unsure if the week ahead could see the beginning of a reversal of the recent strong run higher.
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Google goes global with Apps

Google Inc said more than 2 million businesses now use its online office software, and the Web search leader is going global on Monday with an advertising campaign to lure customers away from Microsoft Corp and IBM products.
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Gannett profit sinks but beats estimates

Gannett Co Inc, the largest U.S. newspaper publisher, reported a lower quarterly profit and a 28 percent drop in publishing advertising revenue on Monday, but the results were better than expected and shares rose more than 8 percent.
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Spotify to launch mobile offering with 3, HTC

Sweden's Spotify, the European digital music service, will be available to customers of British mobile operator 3 through a new HTC Hero phone, the three companies said on Monday.
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World leaders told to seal climate deal in person

Britain urged world leaders on Monday to turn up in person to salvage a U.N. climate deal in Copenhagen in December, as Australia and India outlined steps to rein in their greenhouse gas emissions.
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Opel Trust says no need to re-open Opel sale

The German trust set up to oversee Opel said on Monday it saw no reason to re-open the sale of the carmaker despite EU concerns that Berlin's promises of state aid had skewed the bidding process.
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Iran threatens Britain and U.S. after Guard bombing

The head of Iran's Revolutionary Guards on Monday vowed to retaliate against the United States and Britain after accusing them of backing the perpetrators of a suicide bombing that killed six Guards commanders.

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