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Asia stocks and commodities fall on China slowdown

Asian stocks and commodities began the second half of the year on a sour note on Thursday, with Japanese stocks sliding to a seven-month low after manufacturing data showed China's rapid economic growth was slowing.
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WTO panel slams EU aid for Airbus

World Trade Organization judges gave the European Union a stinging rebuke on Wednesday, saying the EU must axe prohibited export subsidies to plane-maker Airbus which had injured U.S. rival Boeing .
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Japan business mood improves, capex up: tankan

The mood among Japanese businesses turned positive for the first time in two years and big firms revised up capital spending plans, a Bank of Japan survey showed, in a sign the export-driven economic recovery is taking hold.
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Australian Dollar Outlook 01/7/2010

Renewed concerns over the outlook for global growth have spurred another sell off in the commodity currencies, sending the AUD back through USD0.8400 overnight.
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How some textile mills sidestepped Armageddon

To get an idea of how some U.S. textile mills can compete with developing-world rivals who pay far lower wages, roll a bowling ball down one of the production lines at Parkdale Mills' Walnut Cove yarn plant.
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Obama: Republicans out of touch over bank reform

U.S. President Barack Obama launched a broad attack against Republican lawmakers on Wednesday, calling them out of touch with ordinary Americans for opposing Wall Street reform and siding with Big Oil.
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Daily forex forecast 01/7/2010

The AUD/USD bounced from intraday support at 0.8465 on two occasions during early morning exchange yesterday rallying during the afternoon session to enter offshore trade edging towards 0.8550.
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Private sector sees small job gains in June

U.S. private sector employment rose by a paltry amount in June, underscoring concerns about a weak labor market two days ahead of a closely watched government jobs report.
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Ex-AIG's Cassano says could have saved taxpayers

The former head of the AIG unit that drove the insurer to the brink of collapse said he could have saved taxpayers money if allowed to settle claims with firms like Goldman Sachs, instead of being sidelined before a 2008 bailout.
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Sony: 535,000 Vaio PCs may have overheating glitch

Japan's Sony Corp said on Wednesday that about 535,000 units of its Vaio brand personal computers globally may be in danger of overheating and that it has provided software on its website to eliminate the problem.
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Fed officials see high unemployment for years

Unemployment is likely to stay high for a long time, two Federal Reserve officials said on Wednesday, suggesting the U.S. central bank is in no rush to raise its ultra-low interest-rate policy.
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Ex-AIG's Cassano breaks silence to federal panel

The former head of the AIG unit which drove the insurer to the brink of collapse, broke a long silence on Wednesday and defended his role in an aggressive buildup of risky mortgage-linked securities.
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Ex-AIG's Cassano emerges to offer defense

The much-maligned former head of the American International Group unit which drove the insurer to the brink of collapse, broke a long silence on Wednesday to defend his firm's aggressive buildup of risky mortgage-linked securities.
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US dollar share of global FX reserves slips in Q1

The U.S. dollar's share of global currency reserves eased slightly to 61.5 percent in the first quarter of 2010 as total holdings climbed to a new record, International Monetary Fund data showed on Wednesday.

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