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European recession over, still blackspots

The euro zone shook off recession in the third quarter although the largely government-engineered rebound after more than a year of shrinkage fell a little short of forecast, official estimates showed on Friday.
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S.Korea's NPS to buy HSBC's London HQ for $1.3 bln

South Korea's National Pension Service (NPS) will sign an 800 million pounds ($1.33 billion) sale and leaseback deal next week for HSBC's European HQ in London, an official at the fund said on Friday
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BA, Iberia merger hinges on pension deficit

British Airways' pension fund deficit could yet scupper its planned merger with Spain's Iberia , as the UK airline still has to agree the size of the multi-billion pound shortfall with the fund's trustees.
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Apple grabs 17% of smartphone share

Apple's global smartphone share reached 17 percent as iPhone sales totaled 7 million units in the third quarter, following the continued rollout of the iPhone 3GS in new countries, research firm Gartner said on Thursday.
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British ex-PM Blair faces Iraq inquiry next year

Former Prime Minister Tony Blair will face questioning next year about Britain's entry into the Iraq war from a committee which has heard the decision was illegal and based on deception, its chairman said on Friday.
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Daily Forecast - 13/11/2009

The Australian Dollar opens lower against the greenback today at 0.9215 after giving back all of yesterday's gains, and then some, as risk aversion swept offshore markets overnight. During yesterday's domestic session, local unemployment data came in better than expected. Whilst the jobless rate rose to 5.8 per cent, 24,500 positions were added in the month of October. A second consecutive monthly rise in employment may lead to another 25 basis point rate hike by the RBA in December.
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Europe shares tick up to 3-week closing peak

European shares edged up to a three-week closing high on Thursday with telecom shares leading the advance after soothing earnings results and airlines gaining ground on merger news.
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Acer and Apple advance PC shipments in Europe

Acer and Apple have gained the most market share in PC sales in Europe, especially in the UK, while most other vendors are facing a difficult time, Gartner said in a research note on Wednesday.
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Daily Forecast - 12/11/09

The Australian Dollar opens steady against the greenback at 0.9280. The Aussie spent most of the domestic trading the ranges between a low of 0.9275 and a high just above US93 cents.
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Hedge fund Paulson raises Cadbury stake again

Hedge fund billionaire John Paulson raised his firm's stake in Cadbury on Wednesday and now holds 2.54 percent of the British confectioner, the subject of a hostile bid by U.S. food group Kraft.
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European IPOs pick up as equity markets calm down

Initial public offerings in Europe are gaining momentum, with three major IPOs set to launch before year-end and about $10 billion that could be raised in the next six months as volatile equity markets calm down.

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