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Gold prices mixed in Asian trade

Gold prices remained mixed in Asian trade Thursday after Greek debt worries was countered by hopes of speedy recovery in US economy. Gold for immediate delivery was seen trading at $1165.10 an ounce at 12.00 noon Singapore time after a notional close of $1,164.45 on Wednesday. However US gold futures for June delivery dropped in early trade and was at $1166 an ounce at the same time.

Wall Street futures signal gains, earnings in focus

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Stock futures pointed to a stronger start for Wall Street on Thursday, adding to gains in the previous session after a pledge by the Federal Reserve to keep rates low, with investors expected to focus on further corporate earnings.
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Acer to sell new smartphones after HP-Palm deal

Acer Inc, the world's No.2 PC vendor, plans to introduce four new smartphone models later this year to help boost profits, a day after rival HP set its sights in the fast-growing smartphone market.
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Goldman in talks over fund settlement: report

Goldman Sachs Group is in talks over a possible settlement with an Australian fund that said it became defunct after it bought into a $1 billion subprime mortgaged-linked security, the FT reported on Thursday.
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Visa Q2 beats expectations

Visa Inc reported a 33 percent increase in second quarter earnings, better than Wall Street expected, as consumer spending rebounded and management said it was increasingly optimistic about the economy.
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Big Media earnings seen strong, but doubts linger

A rebound in advertising should give a lift to the earnings of the big four U.S. media conglomerates, but there is uncertainty about the extent of the recovery and mixed views on the trajectory of their stocks.
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HP to buy Palm in bet on smartphone arena

Hewlett-Packard Co announced a $1.2 billion deal to buy Palm Inc , betting it can resuscitate the struggling smartphone maker to compete with the likes of Apple Inc and RIM .
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BofA names Holliday as chairman

Bank of America Corp named DuPont's long-time chief executive, Charles Holliday, as its chairman on Wednesday, hours after the largest U.S. consumer bank concluded its 2010 annual meeting.
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U.S. deficit serious, action needed: policymakers

U.S. deficit woes are not as dire as the fiscal problems of Greece and other nations, but a quick, credible action plan is still needed to avoid a future crisis, economists and policymakers said on Wednesday.
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Australian dollar outlook 29/4/2010

Australia: It was another choppy session for the AUD overnight after the US central bank left its interest rates at historical lows and Standard and Poor lowered its long-term credit rating for Spain
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Republicans back down on financial reform

A three-day Senate standoff over efforts to overhaul financial regulation ended on Wednesday as Republicans dropped efforts to block a Democratic bill in exchange for a handful of concessions.
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Merkel demands faster Greek rescue, Spain downgraded

German Chancellor Angela Merkel said on Wednesday Greece's international bailout must be accelerated for the sake of the entire euro zone, as the far bigger Spanish economy suffered a credit rating downgrade.
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Daily forex forecast - 29/4/2010

Australian Dollar: The Australian Dollar opens at 0.9250 this morning higher against the Greenback after another night of volatile trade.
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Many workers lack useful job feedback: survey

A majority of U.S. workers do not clearly understand how to help their companies' meet objectives and most say they don't get useful feedback from supervisors, according to research released on Wednesday.
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Wall Street rises after Fed statement

U.S. stocks rose on Wednesday after the Federal Reserve pointed to signs of strength in the economy, comments that gave some relief to investors worried about possible debt defaults in Europe.
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Wall Street gains as Fed offsets debt woes

U.S. stocks rose on Wednesday after the Federal Reserve pointed to signs of strength in the economy in comments that gave some relief to investors worried about debt defaults in Europe.
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At Buffett gala, all that glitters is not Goldman

Almost two decades ago, as interim chairman of Salomon Inc, Warren Buffett worked to restore order at the Wall Street firm after a Treasury auction scandal. Integrity mattered more to him than a few dollars lost.
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BofA holders OK one of seven shareholder proposals

Bank of America Corp investors peppered Chief Executive Officer Brian Moynihan with questions and complaints about its lending policies and dividend, but they rejected all but one of seven shareholder proposals at the company's annual meeting on Wednesday.
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Goldman stock dead money at best, Calamos says

Calamos Investments sold its Goldman Sachs Group Inc holdings when the news of the civil fraud charges against the bank hit, fearing the stock was at best dead money, Co-Chief Investment Officer Nick Calamos said on Wednesday.
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Could growth trump unemployment in election?

If the unemployment rate remains high, it is received political wisdom that President Barack Obama's ruling Democrats will be punished by the voters in congressional elections in November.

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