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Lacker: Fed must not wait too long to raise rates

U.S. policy-makers must not wait too long to raise interest rates with inflation unlikely to stay at low levels as the economic recovery picks up steam, a top Federal Reserve official said on Tuesday.

AIG chief confident AIA sale will proceed: source

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American International Group Inc Chief Executive Robert Benmosche told employees he is confident a $35.5 billion deal to sell its Asian life insurance unit would move forward, a source familiar with the matter said.

Cancer report energizes activists, not policy

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(Reuters) - A cancer report that concludes Americans are under constant assault from carcinogenic agents has heartened activists, who hope that finally government and policymakers will pay attention to their concerns.
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U.S. says ABN turned blind eye to evade sanctions

U.S. prosecutors have accused ABN Amro, now largely part of Royal Bank of Scotland , of turning a blind eye to U.S. laws, using special procedures to bypass U.S. sanctions against Cuba, Iran and other countries.
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Futures pointing to losses after sharp rally

U.S. stock index futures were lower on Tuesday, easing after the previous session's hefty gains and as concerns lingered about how Greece will get its budget deficit under control.
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Futures signal losses after sharp rally

U.S. stock index futures were lower on Tuesday, easing after the previous session's hefty gains and as concerns lingered about how Greece will get its budget deficit under control.
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Fed's Kohn: Economic rebalancing prevents turmoil

A top Federal Reserve official warned on Tuesday that economies around the world must further rebalance their inward and outward capital flows to prevent a repeat of the damaging crisis of 2007-2008.
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Stock rally run out of steam on EU plan doubts

The euro and stocks fell on Tuesday as a relief rally sparked by a $1 trillion plan to contain Greece's debt crisis gave way to doubts as to how the country will cut its budget deficit.
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Toyota back in profit but sees storm lingering

Toyota Motor Corp forecast a slower-than-expected recovery in profits this year as a stronger yen and Europe's debt problems hamper efforts to undo the damage from the worst recall crisis in its history.
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Oil extends gains on Euro zone rescue pack

World oil prices extended gains in Asian trade Tuesday mainly after policy makers agreed on a trillion dollar emergency package to help Euro zone coming out of debt crisis. Light sweet crud for June delivery was seen trading at $77.11 a barrel at 11.00 a.m Singapore time while Brent crude was at $80.35 a barrel at the same time.
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Gold edges up in thin Asian trade

Gold prices edges up in Asian trade Tuesday but remained highly volatile as investors ditched the euro on fears the euro zone debt crisis would spread beyond Greece. Gold for immediate delivery was seen trading at $1202.01 an ounce at 11.30 a.m Singapore time while U.S. gold futures for June delivery was at $1,201.7 an ounce.
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Shares fall, euro dips as doubts on EU plan grow

A massive relief rally in financial markets on news of a $1 trillion deal to resolve Europe's debt crisis fizzled on Tuesday on nagging doubts about how Greece and other debt-laden euro zone countries will reduce their budget deficits.
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Shares, euro dip on euro zone debt worries

A massive relief rally in financial markets on news of a $1 trillion deal to resolve Europe's debt crisis fizzled on Tuesday on nagging doubts about how Greece and other debt-laden euro zone countries will reduce their budget deficits.
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Shares, euro dip, euro zone debt worries persist

A massive relief rally in financial markets on news of a $1 trillion deal to resolve Europe's debt crisis fizzled on Tuesday on nagging doubts about how Greece and other debt-laden euro zone countries will reduce their budget deficits.
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Excitement over $1 trillion euro plan fades, euro slips

Excitement over the euro zone's mammoth $1 trillion rescue package gave way on Tuesday to doubts whether its weakest economies can meet their end of the bargain and deliver drastic debt cuts, driving the euro and stocks lower.
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Global stock rally slows, doubts on euro debt

A massive relief rally in world stocks on news of a $1 trillion deal to resolve Europe's debt crisis slowed down on Tuesday in Asia on nagging doubts about how Greece and other debt-laden euro zone countries will reduce their budget deficits.
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Overuse of heartburn drugs is risky: study

Although heartburn drugs may ease digestion problems but too much of it could pose some health risks. Studies have shown that overuse of heartburn drugs can cause serious side effects and should be used with caution.
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Europe rescue package sparks market relief rally

Global equity markets staged a massive relief rally on Monday after officials agreed to a $1 trillion emergency rescue package to halt a festering sovereign debt crisis in Europe from engulfing the rest of the world.
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Australian dollar outlook 11/5/2010

The AUD is fairly unchanged from yesterday's close to be currently trading around USD0.9030 despite the huge gains posted in the offshore equity markets.
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Google's Android takes No 2 spot from iPhone

Google Inc displaced iPhone maker Apple Inc to become the second most popular provider of smartphone software in the United States during the first quarter, the latest sign of the increasing competition in the fast-growing mobile market.

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