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G20 to stay the course on economic stimulus

The Group of 20 leading nations will agree this weekend it is too early to pull the plug on emergency support for the global economy and launch a new system of checks to help rebalance world growth and prevent future crises.

Stock futures tick higher ahead of payrolls data

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U.S. stock index futures were slightly higher on Friday as investors awaited monthly payrolls data and the unemployment rate, key indicators to determine the strength of the economic recovery.

Calpers knew in 2003 about forex trading hits: report

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California Public Employees' Retirement System, knew it was paying uncompetitive rates on foreign-exchange trades as early as 2003, the Wall Street Journal said, citing a consultant who advised the largest U.S. public pension fund.
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G20 finmins to pledge stimulus stays, look at growth

The Group of 20 leading nations will agree this weekend it is too early to pull the plug on emergency support for the global economy and launch a new system of checks to help rebalance world growth and prevent future crises.
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Asia stocks, oil advance before U.S. job numbers

Asian stocks rose ahead of the latest U.S. payrolls report on Friday, expected to show the fewest job losses since August 2008, while oil prices recovered to $80 a barrel after a sharp drop on high U.S. fuel inventories.
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Guitar Hero brings higher revenue for Activision

Video game publisher Activision Blizzard Inc reported a quarterly profit that matched analysts' estimates and revenue that was higher than expected, led by sales of the company's latest Guitar Hero offering.
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GM readies Opel plan, workers strike

General Motors Co on Thursday said it was readying a plan to restructure Opel and could pay off debt due this month as German workers went on strike to protest the automakers decision to keep the European unit.
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Daily Forecast - 06/11/2009

The Australian Dollar opens at US91 cents after yesterday's release of September trade data hinted that official interest rates may need to be increased for third consecutive month in December. The trade deficit was smaller than expected at A$1.849 billion, however imports were up 5 per cent suggesting that domestic demand remains robust. During overnight trade the Aussie moved between a low of 0.9030 and a high of 0.9122 after central banks in Europe and the United Kingdom left their benchmark ...
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Opel workers in Germany vent anger at GM

GM cited improving business conditions and the strategic importance of Opel, its European backbone, which also provides technology the group uses around the world.
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Beatles remasters heading to USB

LONDON - The Beatles remasters are coming out on a limited-edition apple-shaped USB drive in time for Christmas, marking the first time the Fab Four's catalog has officially been sold as digital files separate from the CDs.
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UBS traders dumped losses on duped rich clients

Four former dealers at UBS plundered customer accounts to trade and dumped the resulting losses on them, Britain's financial regulator said, further denting the battered Swiss bank's reputation.
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Obsessed Thatcher warned French of rampant Kohl

British Prime Minister Margaret Thatcher warned France's ambassador months before German's 1990 reunification of a domineering Chancellor Helmut Kohl who sees himself as the master, diplomatic notes revealed Thursday.
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U.S. spends most, but health quality lags

Americans are more likely than people in 10 other countries to have trouble getting medical treatment because of insurance restrictions or cost, an international survey of primary care doctors released on Wednesday found.
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BP eyes production of new biofuel types

Oil major BP may start construction next year of a cellulosic biofuel plant as part of a push toward commercial production of new types of biofuels from next year, the head of the group's biofuels division said.
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FTSE down 0.5 percent; BoE ups QE by 25 bln pounds

Britain's top shares fell 0.5 percent around midday on Thursday, as investors digested the Bank of England decision to keep interest rates on hold and said it will pump more money into the economy to spur growth.
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FTSE down 0.4 percent ahead of rate decisions

Risk aversion ahead of key central bank policy decisions put pressure on Britain's leading shares around midsession on Thursday, with weakness in banks and miners offsetting modest gains in defensive telecoms and tobacco firms.
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Gold retreats from record as dollar firms

Gold prices retreated on Thursday from the record highs they hit in the previous session as the dollar rose ahead of policy decisions from the UK and the euro zone, which curbed appetite for assets seen as higher risk.

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