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Dollar skids on Gulf oil report, Asia shares up

The dollar skidded against the euro and the yen on Tuesday after a British newspaper reported that Arab states were in talks to end using the dollar for oil trading, but Asian shares rose as U.S. services sector data lifted investors' mood.

Gulf in talks on replacing U.S.$ for oil: report

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Britain's The Independent newspaper said on Tuesday that Gulf Arab states were in secret talks with Russia, China, Japan and France to replace the U.S. dollar with a basket of currencies in the trading of oil.

Gulf in talks on replacing US$ for oil: report

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Britain's The Independent newspaper on Tuesday reported that Gulf Arab states were in secret talks with Russia, China, Japan and France to replace the U.S. dollar with a basket of currencies in the trading of oil.
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Development bank must reform for funding: Geithner

The Obama administration wants to ensure multilateral development banks have adequate resources, but any capital increase must be tied to reforms, U.S. Treasury Secretary Timothy Geithner said on Monday.
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Doubts on suicide-anti-smoking drug Chantix link

Despite earlier health agency warnings, there is no strong evidence that the anti-smoking drug Chantix raises the risk of suicidal thoughts or depression compared to other stop-smoking products, researchers reported Thursday in the British Medical Journal.
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UK prepared to discuss support for Vauxhall-minister

British Business Secretary Peter Mandelson said on Monday he was prepared to discuss support for Vauxhall with parent Opel's new owners, Magna (MGa.TO), noting that representatives from the Canadian auto parts supplier were due in Britain this week.
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Pros shine in new staging of Inherit the Wind

Director Trevor Nunn brings vividly to life a famous courtroom clash between two idealistic heavyweights in the Old Vic production of Inherit the Wind, with unforgettable performances by Kevin Spacey and David Troughton as the legal titans.
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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.
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Ballmer sees Web search buys unlikely

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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Aviva sees Delta Lloyd IPO in November

Aviva, Britain's second-biggest insurer, said on Monday it expects to complete the planned stock market flotation of its Dutch unit, Delta Lloyd, in November.
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IAEA to inspect Iran's Qom site October 25

U.N. experts will inspect Iran's newly disclosed uranium enrichment plant on October 25, the IAEA nuclear agency chief said on Sunday, praising a shift from conspiracy to cooperation in Tehran's dealings with the West.
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BAE snubs bribe probe deal; to review file: reports

BAE Systems turned down the chance to pay 300 million pounds ($477 million) to settle a bribery investigation and is seeking to review evidence against it before trying to agree a deal, newspapers reported on Sunday.
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G7 presses for stronger yuan

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 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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