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Stock futures point to higher open on Wall Street

Stock index futures pointed to a higher open on Wall Street on Tuesday, with futures for the S&P 500 up 0.5 percent, Dow Jones futures up 0.4 percent and Nasdaq 100 futures up 0.4 percent at 4:10 a.m. EDT.
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Forex - China is committed to improving yuan -foreign ministry

China is committed to improving its exchange rate system based on domestic and international economic conditions, a foreign ministry spokesman said on Tuesday. Ma Zhaoxu was responding to a question at a regular press briefing about how the yuan will figure in next week's Strategic and Economic Dialogue with the United States.
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Record growth in stainless steel output in Q12010

Global stainless steel production in first quarter reached record levels at 7.47 mn metric tonnes, according to International Stainless Steel Forum (ISSF). The growth in production was spread across the world with USA leading the way, ISSF said. It said that the 54.6% growth in output cannot be sustained throughout 2010 as production in first quarter of 2009 was severely impacted by financial crisis.
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Gold edges up in volatile Asian trade

Gold prices advanced in Asian trade Tuesday but remained volatile as investors began profit taking on recent highs of the precious metal. The yellow metal however remained $20 below a lifetime high struck last week, while another increase in holdings in the world's largest gold-backed ETF showed investors were keeping faith with the metal.
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Science, maths graduates keen to become teachers

University of Adelaide figures obtained by The Advertiser show the number of maths and science teaching students studying either a Graduate Diploma in Education or Bachelor of Teaching at the university has more than doubled over the past two years.
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Toll Bros CEO resigns, Yearley to replace

Bob Toll, co-founder and CEO of the U.S. luxury homebuilder bearing his name and best known for its McMansions, announced his resignation on Monday, and will be replaced by a non-family member who has worked for the company for 20 years.
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Google faces probes over data it collected: report

Google Inc could face inquiries from German and U.S. officials following the company's disclosure it had mistakenly collected sensitive data sent by consumers over wireless networks, the Financial Times reported on Tuesday.
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Waddell & Reed says not cause of May 6 flash crash

U.S. money manager Waddell & Reed Financial Inc said an internal analysis of trading activity indicates it was not the cause of the flash crash that briefly wiped out $1 trillion in market capital earlier this month.
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Daily forex forecast - 18/5/2010

After holding up relatively well for the majority of the week compared to other major currencies the Aussie dollar finally gave way to a barrage of selling on Friday night falling below the 89 cent handle to a low near 0.8850 against the Greenback.
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GM posts profit as production snaps back

General Motors Co posted a first-quarter profit as demand steadied in the United States and sales boomed in China, a turnaround the automaker said could put it on track for its first full-year profit since 2004.
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Wall St recovers late to edge up on bargain hunting

U.S. stocks staged a comeback in late trading on Monday as bargain hunters snapped up beaten-down shares, setting aside concerns that efforts to tackle the euro-zone debt crisis could stifle the global economy.
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Bank for the poor hopes to teach Wall St a lesson

Nobel Peace Prize-winner Muhammad Yunus opened a branch of his Grameen Bank in Manhattan on Monday, saying he hopes the big Wall Street banks just a subway ride away can learn from his success in granting small loans to the poor.
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U.S. court won't hear Cablevision/FCC must-carry case

The U.S. Supreme Court said on Monday that it would not hear an appeal by Cablevision Systems Corp to the Federal Communications Commission's must-carry requirement that forces cable systems to carry programing of broadcast television stations.
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Court won't hear Cablevision/FCC must-carry case

The U.S. Supreme Court said on Monday that it would not hear an appeal by Cablevision Systems Corp to the Federal Communications Commission's must-carry requirement that forces cable systems to carry programing of broadcast television stations.
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Supreme Court won't hear Cablevision/FCC must-carry case

The U.S. Supreme Court said on Monday that it would not hear an appeal by Cablevision Systems Corp to the Federal Communications Commission's must-carry requirement that forces cable systems to carry programing of broadcast television stations.

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