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Markets sense another window for yuan reform

Beijing could have another window of opportunity over the next few days to make its long-awaited move on the yuan, in the wake of strong Chinese data and ahead of a Sino-U.S. summit.

Retail sales rise in April

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Sales at U.S. retailers rose more than expected in April, raising cautious optimism that a recent bounce in consumer spending can be sustained.

Futures lower with data on tap

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Stock index futures were lower on Friday as investors awaited a round of data, including consumer sentiment, that will provide a picture on the strength the economic recovery.
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Deutsche Bank CEO doubts Greece can repay debt: report

Deutsche Bank Chief Executive Josef Ackermann cast doubt on Greece's ability to repay its debt in a TV interview and said a $1 trillion euro zone rescue package will help stabilize Italy and Spain, while the situation in Portugal is more difficult.
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Chrysler watching GM financing moves closely

Chrysler Group LLC would need time to find a permanent and stable replacement for providing auto loans if it loses access to bank financing it shares with General Motors Co, Chrysler Chief Executive Sergio Marchionne said on Thursday.
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U.S. judge to pick lead attorneys in Toyota cases

The federal judge handling more than 100 lawsuits against Toyota Motor Corp over cars that raced out of control said on Thursday that he would decide by next week which plaintiffs lawyers would take a leading role in the massive litigation.
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Oil drops below $74 on demand concerns

World oil prices continued its southern journey and dropped below $74 in Asian trade Friday mainly on demand concerns linked to European debt crisis. Light sweet crude for June delivery was seen trading at $ 73.75 a barrel at 11.30 a.m Singapore time while Brent crude was at $ 79.77 a barrel in London.
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Gold moves up after overnight slump

Gold prices recovered from overnight slump in Asian trade Friday but remained highly volatile as the dollar gained momentum. Spot gold was seen trading at $1235.54 an ounce at 11.30 a.m Singapore time while U.S. gold futures for June delivery was at $1,235.8 an ounce at the same time.
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Criminal probe targets 6 Wall Street firms: source

Prosecutors are conducting a broad criminal investigation of six major Wall Street banks, including JPMorgan Chase & Co and Citigroup Inc, to determine if they misled investors, a person familiar with the matter said on Thursday.
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Australian dollar outlook 14/5/2010

The Australian dollar has opened lower this morning as investors moved away from risk assets, leading to falls in equities and commodity prices.
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Free games lure new players including women, elderly

RALEIGH, North Carolina (Reuters Life!) - The video game industry has weathered the economic slowdown better than most industries, but there could be a reason -- free games with new figures showing up to a third of gamers don't pay to play.
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Facebook to hold staff meeting on privacy

Facebook CEO Mark Zuckerberg and other executives will meet with employees to discuss privacy practices of the world's largest social networking website on Thursday, as criticism grows about the way it treats its 400 million users' personal information.
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Wal-Mart, Target divergence seen in Q1

Wal-Mart Stores Inc is expected to show it is losing shoppers to other retailers in an improving economy when it reports first-quarter earnings next week.
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Daily forex forecast - 14/5/2010

Home loan figures in Australia fell -3.4% in March exceeding expectations as signs the Reserve Bank of Australia's rate hikes are starting to have an impact.
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Big borrower California won't slip like Greece

California is so not Greece.That's the broadly held view in the $2.8 trillion municipal bond market, which is puzzled by analysts, columnists, cartoonists and bearish investors comparing Greece's fiscal floundering and $1 trillion bailout to hard-pressed states such as California and Illinois.

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