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Dollar falls after Australia rate hike; stocks firmer

The dollar fell across the board on Tuesday while world stocks rose after Australia became the first developed economy to raise interest rates in more than a year and data showed the U.S. services sector expanded for the first time since 2008.

Australia central bank raises rates, more expected

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Australia's central bank raised its key cash rate by 25 basis points to 3.25 percent on Tuesday and heralded more to come, saying it was safe to row-back on stimulus now that the worst danger for the economy had passed.
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Australia c.bank raises rates, more expected

Australia's central bank raised its key cash rate by 25 basis points to 3.25 percent on Tuesday and heralded more to come, saying it was safe to row-back on stimulus now that the worst danger for the economy had passed.
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Gulf in talks on replacing US$ for oil: report

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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Daily Commentary - 06/10/2009

The Aussie dollar rallied in local trade yesterday following some relatively upbeat comments out of the G7 and another strong reading in the ANZ job advertisements. After opening the weeks trade around 0.8650 investors flocked to the AUD ahead of today's RBA interest rate meeting with some sections of the market expecting a rate increase.
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U.S. trio wins medicine Nobel for ageing research

Three Americans won the Nobel prize for medicine on Monday for revealing the existence and nature of telomerase, an enzyme which helps prevent the fraying of chromosomes that underlies aging and cancer.
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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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