UNITED STATES

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Tough Wall Street bill seen as lawmakers convene

U.S. lawmakers proposed no new limits on banks on Thursday as they met to hammer out a final overhaul of Wall Street regulations, but they voiced strong support for measures that directly threaten industry profits.

Australian Dollar Outlook 11/6/2010

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The Australian Dollar has opened more than one US cent higher today, buoyed by improved investor sentiment on the global economic recovery.

FBI probing AT&T iPad security breach

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The Federal Bureau of Investigation has opened a probe into a security breach of Apple Inc's iPad that exposed personal information of AT&T Inc customers.
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Don't overstep on financial reform, industry says

Policy makers reacting to the global financial crisis should avoid overstepping with harsh new rules that would have adverse economic effects and resist the urge to score political points, industry heads warned on Thursday.
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Jobless claims fall slightly, trade gap widens

The number of U.S. workers filing claims for jobless aid fell modestly last week as the labor market recovery struggled for momentum, while a slip in exports in April supported views of moderate economic growth.
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Goldman has no indication of SEC settlement

The president of Goldman Sachs Group Inc said on Thursday that there is no indication that the investment bank is close to settling U.S. fraud charges with the Securities and Exchange Commission.
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Base text for Wall Street panel includes changes

U.S. lawmakers tasked with hammering out a final version of financial-reform legislation will use as a starting point a bill that combines mortgage reforms passed by the House and the Senate, according to a summary obtained by Reuters.
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Jobless claims fall but trade gap widens

The number of U.S. workers filing claims for jobless aid fell modestly last week as the labor market recovery struggled for momentum, while a slip in exports in April supported views of moderate economic growth.
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Chinese exports leap, put yuan back under microscope

China's exports jumped in May, reassuring investors about the economy's strength but putting pressure on U.S. President Barack Obama to placate critics who say Beijing is keeping the yuan unfairly undervalued.
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Dow and S&P jump on China's exports and euro

The Dow and S&P climbed more than 2 percent on Thursday, with the Nasdaq not far behind as China's confirmation of strong export data relieved recovery concerns and helped lift the euro.
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AT&T: iPad user data exposed

AT&T Inc said on Wednesday some users of Apple's iPad have had personal information exposed via a network security flaw, two months after the tablet computer was launched and smashed sales expectations.
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Apple faces antitrust scrutiny: report

U.S. antitrust regulators plan to investigate whether Apple is unfairly restricting rivals such as Google from carrying ads on the iPhone, iPad and iPod, the Financial Times said.
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FOREX-Spanish auction, Chinese exports boost euro

The euro rose on Thursday for a third straight day as strong demand for Spanish bonds eased concern about the country's ability to finance its debt and a spike in Chinese exports boosted confidence on global growth.
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Spain labor talks fail

The European Central Bank, Germany's constitutional court and China's pension fund gave a triple boost to efforts to stabilize the euro zone on Thursday, lifting the single currency and European stocks.
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Spain labor talks fail; ECB offers extra liquidity

The European Central Bank, Germany's constitutional court and China's pension fund gave a triple boost to efforts to stabilize the euro zone on Thursday, lifting the single currency and European stocks.
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US' Geithner:world economy needs China yuan reform

U.S. Treasury Secretary Timothy Geithner said on Thursday that reform of China's exchange rate is critically important to the U.S. and global economies and a more flexible yuan was in China's interest.
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Wall Street jumps on China exports and euro

Stocks rose sharply on Thursday, with the Dow and S&P up more than 2 percent, as confirmation of strong China export data eased recovery concerns and helped spur a climb in the euro.
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U.S. shares in BP rebound after steep selloff

U.S. shares of oil company BP Plc rebounded more than 10 percent in early trade on Thursday, a day after plunging nearly 16 percent on mounting fears about how the company will cope with the massive costs of the oil spill in the Gulf of Mexico.
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FOREX-Euro up on Spain auction; caution before ECB

The euro rose on Thursday as strong demand at a Spanish debt auction eased concerns about how the country will fund its large debt, but caution before a European Central Bank policy decision capped gains.
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Mortgage rates at, near record lows: Freddie Mac

U.S. mortgage rates dropped in the past week, with fixed-rate loans either reaching or nearing record lows, according to a survey released on Thursday by Freddie Mac, the second-largest U.S. mortgage finance company.
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Jobless claim falls but trade gap widens

The number of workers filing new applications for unemployment insurance fell less than expected last week, while the trade deficit widened slightly in April, pointing to a moderate economic recovery.

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