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Asian stocks near 6-week highs, cool to China data

Asian stocks hovered near six-week highs on Wednesday as Chinese data showed exports and imports in February were better than expected, while the euro and the pound suffered on renewed concerns about Europe's fiscal problems.

Treasuries, sovereign debt 'dangerous'-Loomis' Fuss

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U.S. Treasuries and other national government debt are the most dangerous market there is and investors should avoid the securities because of governments' excessive borrowing, Dan Fuss, vice chairman of investment manager Loomis Sayles, told Reuters on Tuesday.
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Toyota to fix all 2000-2003 Tundras in U.S

Toyota said on Tuesday it would fix all Tundra pickups sold in the United States for the 2000 to 2003 model years to address a risk that part of the truck's frame could corrode, causing spare tires or even the gas tank to drop to the road.
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U.S. weighing China Internet censorship case: USTR

The United States is studying whether it can legally challenge Chinese Internet restrictions that hurt Google and other U.S. companies operating in China, but direct talks with Beijing might yield faster results, the top U.S. trade official said on Tuesday.
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Cable group wants U.S. FCC to end fee disputes

A coalition of cable and satellite companies will this week call on the U.S. Federal Communications Commission to create a new process to resolve increasingly bitter disputes over carriage fees paid to broadcasters.
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Daily Forecast - 10/3/2010

Positive Australian economic data keeps on rolling in with yesterdays better than expected NAB Business Confidence and the ANZ Job advertisements surveys adding some support to the Aussie dollar.
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U.S. to delay BAE export licenses after plea deal

The U.S. State Department said on Tuesday it would delay action on any new export license requests by BAE Systems Plc after the British military contractor pleaded guilty to violating several U.S. laws.
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Greece says speculation will be on G20 agenda

Greece, pressing for curbs on financial speculation it blames for worsening the country's debt crisis, said on Tuesday the idea would be examined by the G20 leading powers at their next meeting.
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Market ends up slightly; telecoms help

U.S. stocks ended slightly higher on Tuesday, helped by gains in the telecom and industrial sectors, though the advance was limited by falling commodity prices that pressured materials shares. The market's mild finish came on the first anniversary of its drop to 12-year closing lows on March 9, 2009.
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Pentagon may speed up air tanker award

The Pentagon said on Tuesday it might award a multibillion-dollar aerial tanker contract sooner than planned after Northrop Grumman Corp and Europe's EADS pulled out of the competition, leaving Boeing Co as the sole bidder.
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Toyota seeks to block executive testimony in suit

Toyota Motor Corp has asked a Michigan appeals court to intervene to keep its top two U.S. executives from being grilled by lawyers for the family of a woman killed while driving a Camry in 2008.
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Greece wants speculative curbs, U.S. has own plan

Top Greek officials pressed their case on Tuesday for curbs on speculative trading they blame for pushing the country into crisis, but the Obama administration reacted coolly, saying it was working on its own plans to make trading more transparent.
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Sony, Samsung detail 3D TV plans

Sony and Samsung announced plans to introduce 3D televisions in coming months, betting they will become the next hot products in an increasingly crowded electronics industry.
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Barclays looking for U.S. retail bank to buy: report

British bank Barclays Plc is looking to buy a retail bank in the United States to extend its presence after buying Lehman Brothers North American operations in 2008, the Wall Street Journal reported on Tuesday, citing people close to the matter.
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Small business spirits downcast in February

Optimism among the country's small businesses slipped in February as entrepreneurs worried about repeatedly weak sales, the National Federation of Independent Business said in a survey released on Tuesday.
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US residential architecture billings rose in Q4-AIA

A leading indicator of U.S. residential construction spending rose in the fourth quarter from a year earlier, but business conditions remained weak as the housing downturn lingers, an architects' trade group said on Tuesday.
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U.S. home sellers more realistic on prices: Trulia

The percentage of U.S. homeowners who cut the listing price on their houses fell in February to the lowest level in 10 months, as initial pricing became more realistic heading into the spring selling season, real estate web site Trulia.com said on Tuesday.
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Chevron to seek UK refinery sale, cut 2,000 jobs

Chevron Corp , the second-largest U.S. oil company, put several of its downstream operations up for sale, including its Pembroke refinery in the UK, and said it would eliminate 2,000 jobs this year.
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U.S. millionaire ranks up 16 percent last year

The number of U.S. households with a net worth of at least $1 million jumped 16 percent last year after dipping sharply during the financial crisis, an industry consulting group said on Tuesday.

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