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Diary of July 8 G8 summit in Italy

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The first day of the meeting will group the leaders of the Group of Eight -- United States, Britain, Germany, Italy, France, Russia, Canada and Japan -- plus European Commission President Jose Manuel Barroso and current EU president Sweden.
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Forex Daily Commentary - 08/07/2009

The Australian Dollar opens lower on Wednesday at 0.7886. The local unit moved towards US80 cents late on Tuesday after the Reserve Bank of Australia (RBA) left rates on hold at 3.00 per cent in a decision that was more predictable than an NRL off-field incident.
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China vows severe punishment for the mob

Chinese officials on Tuesday vowed severe punishment for the mob in the deadliest riot since New China was founded in 1949, while international organizations urged restraint in China.
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EU ministers, regulators eye bank rules

European Union ministers and regulators sought Tuesday to minimize boom-and bust economic cycles by agreeing to make capital rules more flexible and ensuring banks have enough cash to ride out a crisis.
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G8 Summit to open in Italy, Programme ready on line

The 35th G8 summit will be held in L'Aquila, Italy from 8 to 10 July. Leaders from the G8 rich nations and the major developing countries will together discuss the most important global economic and political issues.
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G20 review finds protest tactics inadequate

The police's public order tactics are inadequate, a review into April's G20 protests in London concluded on Tuesday, although it said the operation itself had been highly effective.
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G8 plus G5 agree to end Doha in 2010

G8 leaders plus Brazil, India, China, Mexico and South Africa will agree at a summit on Thursday to conclude the Doha round of world trade talks successfully in 2010, according to a draft communique seen by Reuters.
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Khamenei warns West not to interfere in Iran

Iran's Supreme Leader Ayatollah Ali Khamenei warned Western countries on Monday against interfering in Iranian affairs after its disputed presidential election, state television reported.
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British spy chief's cover blown on Facebook

The wife of the new head of Britain's spy agency has posted pictures of her husband, family and friends on Internet networking site Facebook, details which could compromise security, a newspaper said on Sunday.
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North Korea defies U.S. with new missile launches

North Korea fired seven ballistic missiles on Saturday, South Korea's defense ministry said, in an act of defiance toward the United States on its Independence Day that further stoked regional tensions.
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China wind companies poised for green policy boost

China's ambitious plan to increase wind power capacity could attract up to $150 billion in investment, but Beijing will have to get serious about revamping regulations and building much needed infrastructure.
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Novo Nordisk says Victoza cleared for EU market

Danish pharmaceuticals group Novo Nordisk's diabetes drug Victoza, a key driver for future sales, has won European Commission approval for marketing across the European Union, the company said on Friday.
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Iranian cleric says UK embassy staff face trial

A powerful Iranian cleric warned on Friday that detained British embassy staff would face trial for their alleged role in post-election unrest, and EU countries summoned Iranian envoys to protest against the detentions.

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