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Hit streaming service Spotify eyes U.S. music fans

MTV Urge ... Yahoo Music Unlimited ... Virgin Digital ... Since 2003 -- when iTunes launched in the United States -- all of these digital music services have come and gone, without challenging Apple's market dominance, despite the backing of resource-rich parent companies.

Stock futures signal rebound on Wall Street

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Stock index futures pointed to a higher open on Wall Street on Monday, signaling a rebound after the previous session's steep losses, with futures for the S&P 500 up 0.74 percent, Dow Jones futures up 0.68 percent and Nasdaq 100 futures up 0.02 percent at 4:12 a.m. EST.

Oil rebounds above $77

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Oil rose above $77 a barrel on Monday, retracing some of the previous session's 3.6 percent drop, as bullish manufacturing data from China helped to allay fears about the pace of the rebound in global energy demand.
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Daily Forecast - 11/01/2009

The Australian Dollar begins the new week sharply lower against the greenback at 0.8990. After a local session of range-trading on Friday which saw the Aussie move as high as 0.9174, volatility returned offshore as U.S consumer spending fell 0.5 per cent in September as economic stimulus starts to dry up. High yielding currencies came under selling pressure throughout the New York trading session as the data indicated that consumers will make a limited contribution to the recovery without govern...
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European shares flat; banks gain, oils fall

European shares were little changed in midmorning trade on Friday after sharp gains in the previous session on data showing the U.S. had emerged from recession, with firmer banks offsetting weaker energy stocks.
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Daily Forecast - 30/10/2009

The Australian Dollar opens higher against the greenback today at 0.9140. The Aussie spent most of the local session beneath US90 cents yesterday but bounced back to life offshore after U.S. economic growth data came in higher than anticipated. The U.S. economy grew at a 3.5 per cent annual pace in the September quarter prompting a rally in stocks and commodities and a move by investors back into high-yielding currencies.
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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.
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Daily Forecast 29/10/2009

The Australian Dollar opens sharply lower this morning against the greenback at 0.8964 after yesterday's key inflation data.
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UK threatens Web access block in piracy fight

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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Centrica windfarm deal shows new investor interest

Centrica Plc, owner of the British Gas brand, will sell a 50 percent stake in three wind farms to U.S. based TCW, signalling 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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