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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.

G20 aims at bank pay and capital; stimulus to stay

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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.

UK denies putting Libya first in IRA victims' row

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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 united on stimulus, divided on bank reform

The world cannot be complacent about economic recovery and will need to keep emergency stimulus packages in place well into next year, British Prime Minister Gordon Brown said on Saturday.
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BP warned UK of risk in delayed Libya prisoner deal

British oil major BP Plc told the UK government two years ago that slow progress in concluding a Prisoner Transfer Agreement with Libya threatened a multi-billion dollar exploration deal it was negotiating.
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WTO says Airbus loans illegal: U.S. lawmakers

The World Trade Organization 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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WTO says Airbus loans illegal : U.S. lawmakers

The World Trade Organization 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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WTO distributes ruling in Airbus subsidies case

The World Trade Organisation on Friday issued a 1,000-plus page ruling on whether subsidies the EU gave to Airbus were illegal, although the findings will not officially be made public for months.
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Charging for Web content no panacea for newspapers

Two generations of Murdochs have caused a wave of excitement in the battered newspaper industry in recent weeks with a series of comments and actions suggesting that charging readers for news on the Web is the way forward.
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U.S. says European subsidies have harmed Boeing

The United States confirmed on Friday it has received a confidential World Trade Organization ruling in its multibillion-dollar complaint against European government support for Airbus .
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People would rather lose wallet than cellphone

Cellphone feels like a part of your body? A global survey has found that most people can't live without their mobiles, never leave home without them and, if given a choice, would rather lose their wallet.
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Roubini: U-shaped recovery is possible

Nouriel Roubini, a leading economist who predicted the scale of global financial troubles, said a U-shaped recovery is possible, with leading economies undeperforming perhaps for 3 years.
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Spain's RTVE wins 2014/16 Games TV rights

Spanish state broadcaster RTVE has won national broadcasting rights for the 2014 winter and 2016 summer Games, the International Olympic Committee said on Friday.
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G20 to pledge stimulus until economic recovery assured

G20 policymakers will this weekend promise to keep economic support packages in place until recovery is certain and seek to reassure financial markets they have credible plans to withdraw the stimulus when appropriate.
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OzForex Daily Commentary - 04/09/2009

The Australian Dollar opens higher on Friday just shy of US84 cents as recent positive economic data bolsters sentiment. During Thursday's local session, the Australian Bureau of Statistics announced that the trade deficit for July widened by A$1bio to a larger than expected A$1.556bio. Imports were up by 4 per cent which the market interpreted as showing businesses and consumers were doing well and defying international trends. Also underpinning the local unit was a steady session on local equi...

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