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European shares rise; miners and banks gain

European shares rose in early trade on Monday, having hit a four-week closing low on Friday, as the euro zone's services sector returned to growth, and with miners and banks gaining on positive broker comment.

Ballmer sees Web search buys unlikely

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Microsoft's Chief Executive Steve Ballmer does not expect to make acquisitions to help the company challenge Google's dominance in the Internet search market, he told Reuters on Monday.
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G7 presses for stronger yuan, breaks no new ground

The Group of Seven rich nations urged China on Saturday to strengthen the yuan, but gave no sign of how it might overcome Chinese resistance to that suggestion or resolve other tensions over global currency rates.
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G7 grapples with exchange rates and own future

Financial officials of the Group of Seven rich nations, which dominated global policymaking for decades, were set Saturday to discuss a diminished future for their group as it grappled with tensions over currency rates.
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G7 better forum for discussing forex--BOJ governor

Group of Seven financial ministers and central bank governors will likely discuss the economic and financial developments that are behind recent currency moves at their meeting this weekend, Bank of Japan Governor Masaaki Shirakawa said on Friday.
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Tate museum pulls young Brooke Shields nude image

Britain's Tate Modern gallery said on Thursday it had closed a room at its new blockbuster exhibition that contains a naked image of actress Brooke Shields aged 10, after police launched an investigation.
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Conoco sees Q3 profit hurt by weak U.S. natgas

ConocoPhillips said on Friday weak North American natural gas prices would hurt its third-quarter earnings, and its total oil and gas output would fall nearly five percent from the second quarter.
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Shareholder sues Cadbury officers over Kraft bid

A shareholder of Cadbury is suing the British confectioner's board and chief executive, saying investors stand to lose out massively if the company refuses to negotiate over a $15.68 billion takeover bid from Kraft Foods Inc.
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FTSE down 0.9 pct by midday, U.S. jobs data eyed

Weakness in miners and financials dragged Britain's top share index 0.9 percent lower by midday on Friday, as weak data this week increased investors' concerns, denting risky assets ahead of U.S. non-farm payrolls data.
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Daily Commentary - 2/10/2009

The Australian Dollar opens lower on Friday at US87 cents despite posting another 13-month high during yesterday's local trading session.
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U.S. says Iran talks could open doors

The United States said on Thursday six-power talks with Iran had opened the door to better relations with the West but cautioned Tehran it must take concrete steps to prove it was not seeking nuclear arms.
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U.S., Iran meet at six-power nuclear talks

The United States said it held the highest level direct talks with Iran in three decades on Thursday to try to put to rest Western suspicions Tehran is planning a nuclear bomb.
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UK fraud office aims to prosecute BAE Systems

Britain's fraud office said on Thursday it aimed to prosecute Europe's biggest defense contractor, BAE Systems, for bribery, but lawyers said an out-of-court settlement remained the most likely outcome.
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Capital markets feel economic squeeze-RBC report

Activity in global capital markets may be flat or even lower next year as the world economy struggles to pull out of recession, according to a survey released Thursday by RBC Capital Markets.
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BAE braced for SFO bribery decision

Prosecutors will unveil the result of its long running investigation into allegations of corruption and bribery at defense giant BAE Systems later on Thursday.
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Asia manufacturing picks up. but U.S. remains key worry

Manufacturing activity surged across Asia in September as demand picked up, although plans by Japanese manufacturers for record cuts in capital spending cast doubts on the strength of a recovery in the industrialized world.

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