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Wall Street set to rise on commodities, M&A

Wall Street was set to open nearly 1 percent higher on Tuesday as rising commodity prices and an uptick in merger and acquisition activity fueled hopes the economy is strengthening.

Autos help UK factory output to 1.5 year high

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Higher car production propelled British factory output to its fastest monthly pace in 1-1/2 years in July, according to official data, fuelling expectations the economy has emerged from recession.

VW unveils deal to reopen Europe's ABS market

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Volkswagen Financial Services AG (VOWG.DE) announced plans on Monday to securitise auto leases in a benchmark-sized public deal that would reopen Europe's asset-backed securities (ABS) market after a year-long freeze.
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Gold futures hit $1,000

Asian shares touched their highest level in a year on Tuesday, while gold futures hit $1,000 an ounce for the first time in six months on investor concerns about the sustainability of the global economic recovery.
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OzForex Daily Commentary - 08/09/2009

:: Australian Dollar: The Aussie dollar continued to power ahead holding on to the psychological 85 cent support level to open this morning around 0.8550. Yesterdays ANZ job advertisement survey revealed a 4.1% rise in August from the previous month, the first monthly rise since April 2008. The news gave investors some confidence that this Thursday's employment report will show continued improvement in the labour market spurring the AUD higher. With the U.S on holidays it was a relatively quiet ...
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Kraft primed to sweeten $16.7 billion Cadbury bid

Kraft Foods said it was intent on pursuing Britain's Cadbury , which soared in value after it snubbed a premium-rich bid from the U.S. group, reinforcing hopes of a broader-based pick-up in merger activity.
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An Introduction to Acupuncture

Acupuncture is a form of traditional Chinese medicine which involves the insertion of very fine needles at key points (known as acupuncture points) into the body.
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Asia awaits rash of life insurer IPOs

Investors in Asia, who currently have few options among insurance stocks, may soon be spoiled for choice as several life underwriters prepare initial public offerings that could raise billions of dollars.
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Kraft primed to sweeten $16.7 bln Cadbury bid

Kraft Foods said it was determined to pursue Britain's Cadbury, which soared in value after it snubbed a $16.7 billion bid from the U.S. group, reinforcing hopes of a broader-based pick-up in merger activity.
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Sex Pistol singer John Lydon to reform Public Image

Punk rock singer John Lydon, formerly known as Johnny Rotten of the Sex Pistols, is re-forming his band Public Image Ltd -- or PiL -- after a 17 year hiatus with a five-date tour in December, according to media reports.
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Iran rules out talks on its nuclear rights

Iran's president snubbed on Monday U.S. President Barack Obama's end-September deadline to talk to world powers on its disputed nuclear program, saying in his opinion discussion on the issue is finished.
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Daily Commentary - 07/09/2009

The AUD/USD roared higher on Friday night to break above the psychological 85 cent level for the first time since September last year. The rally came on the back of increasing risk appetite following a better than expected U.S non-farm payroll number, a clear sign of continued improvement in the jobs market stateside.
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Markets to stay wary on stimulus after G20 pledge

Financial markets are likely to remain buffeted by uncertainty over government policy despite an unprecedented pledge by the world's top finance officials to cooperate as the global economy emerges from recession.
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G20 aims at bank pay and capital; stimulus to stay

G20 finance leaders on Saturday took aim at excessive bank pay and risk-taking at the root of the financial crisis and insisted trillions of dollars of emergency economic supports would be needed for some time.
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UK denies putting Libya first in IRA victims' row

The row over Britain's relations with Libya took a new turn on Sunday as Gordon Brown denied he had shied away from pressing Tripoli to compensate families of IRA victims who say Libya supplied the guerrillas with arms.
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Musicians oppose P2P disconnection plan

The heads of the UK's largest ISPs have co-signed a letter of protest against the proposal to disconnect suspected illegal file-sharers from their broadband service, causing music groups and artists to unite in a bid to prevent the ban.
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G20 says stimulus to stay; struggles on bank pay

G20 finance leaders on Saturday agreed to coordinate a removal of emergency economic packages when recovery takes firm hold but they struggled on the detail of measures to rein in bank pay and lending rules at the root of the recent crisis.
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WTO says Airbus loans illegal - U.S. politicians

The World Trade Organisation ruled on Friday that European loans for Airbus were illegal subsidies under world trade rules, U.S. lawmakers said, but European sources said Washington did not win a sweeping victory.
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G20 tackles bank pay, lending rules

G20 finance leaders struggled on Saturday to pin down specific measures to tighten bank pay and lending rules to prevent a repeat of the financial chaos that triggered the worst global recession in decades.

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