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U.S. consumer confidence up for first time since 2007

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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.

Split of Northern Rock expected in 2010

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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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BP Q3 profit halves, beats forecasts on cost cuts

BP Plc beat third-quarter earnings forecasts by a big margin in a sign Chief Executive Tony Hayward's restructuring plans were delivering results, with cost cuts ahead of targets and oil and gas output up strongly.
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BP profit halves, beats forecasts on cost cuts

BP Plc beat third-quarter earnings forecasts by a big margin in a sign Chief Executive Tony Hayward's restructuring plans were delivering results, with cost cuts ahead of targets and oil and gas output up strongly.
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BP beats forecasts on cost cuts

BP Plc beat third-quarter earnings forecasts by a big margin in a sign Chief Executive Tony Hayward's restructuring plans were delivering results, with cost cuts ahead of targets and oil and gas output up strongly.
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Daily Forex Commentary Oct 27

The Australian Dollar opens lower on Tuesday at 0.9140 as the recent positive sentiment towards high-yielding currencies evaporated overnight as stocks and commodities both declined.
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Daily Forecast 27/10/2009

The Australian Dollar opens lower on Tuesday at 0.9140 as the recent positive sentiment towards high-yielding currencies evaporated overnight as stocks and commodities both declined. During Monday's domestic session the unit traded briefly beneath US92 cents as local equities began trade in the red. Australia's PPI (producer price index) at the final stage of production came in slightly below expectation at 0.1 per cent for the September quarter however the local unit was well supported and move...
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Twitter entries satirize works of literature

Deciphering William Shakespeare plays in school essays apparently was not enough for two university students who have written a book of Twitter entries that summarize and satirize works of literature.
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ING to split in two, launch rights issue

Dutch bancassurer ING Group NV will split in two, shrinking itself into a smaller Europe-focused bank, in the most striking example yet of the deep changes the EU wants to force on banks that received state aid.
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Smiths' frontman Morrisey collapses on stage

Former Smiths' front man Morrisey was discharged from hospital in a much improved condition after staying overnight due to a collapse on stage in a concert in the U.K., medical officials said Sunday, according to CNN.com.
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Singer Morrissey stable after collapsing on stage

Morrissey, the former singer in the British band The Smiths, left hospital Sunday after spending the night there as a precautionary measure after collapsing on stage, a hospital spokeswoman said.
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European shares little changed; insurers slip

European shares were little changed on Monday as a rise in pharma stocks offset weaker insurers, which were dragged down by ING (ING.AS), which fell after announcing its plan to split the company.
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FTSE up 0.2 pct by midday; UK Q3 earnings eyed

Britain's top shares edged up 0.2 percent by midday on Monday as energy firms and drugmakers gained ahead of third-quarter earnings this week, outpacing a decline in banks and life insurers.
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Daily Forecast - 26/10/2009

The Australian Dollar opens marginally lower on Monday against the greenback at 0.9201. Last Friday saw another move towards US93 cents as investors sold the Japanese Yen to move into higher-yielding currencies, in what is commonly known as a carry trade. The local unit is nudging one-year highs against the Yen at 84.58. In offshore action the Aussie retreated beneath US92 cents after Wall Street fell 1 per cent, giving back the gains of the previous session and sapping the market's confidence...
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Asian shares uneven; China article trips dollar

Shares in Japan and South Korea rose on Monday, with Seoul lifted by strong economic growth data, while the dollar slid after a Chinese article said Beijing should raise its euro and yen holdings in its reserves.
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British police pursuing leads in Lockerbie case

Police are following several lines of inquiry into the Lockerbie bombing focusing on possible accomplices of convicted former Libyan agent Abdel Basset al-Megrahi, Scottish authorities said on Sunday.
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U.N. experts inspect Iran's new nuclear site

A team from the U.N. nuclear watchdog inspected a nuclear site in Iran on Sunday that has heightened Western fears of a covert program to develop atomic bombs, the semi-official Mehr news agency reported.

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