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FOREX-USD and yen in vogue, euro and Aussie suffer

SYDNEY, Jan 18 (Reuters) - The U.S. dollar and the yen were firm on Monday while currencies leveraged to global growth like the Australian dollar ran into a bout of profit-taking after an impressive run up since the start of the new year. The euro EUR= stayed under pressure, dragged down by concerns about fiscal problems buffeting Greece. The country's budget deficit has ballooned and its credit ratings have been cut, a factor that has been weighing down on the euro in the past few months [ID:nL...

Outlook better for some regional banks

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Some banking analysts are bullish on U.S. regional banks as they expect fourth-quarter results to bring improved earnings per share and capital-ratio visibility, Barron's reported on Sunday.

Google denies leaving China, seeks negotiations

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Google Inc enters a second week of high stakes brinkmanship with China's government, amid speculation the firm has decided to pull out of the world's biggest Internet market over cyber-spying concerns.
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Daily Forecast - 18/1/2010

The Aussie dollar fell below the 93 cent handle in Asia on Friday to enter offshore trade around 0.9275 ahead of key European and U.S economic data releases.
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Congress makes job creation top 2010 priority

Members of the U.S. Congress begin 2010 scrambling to reduce the double-digit U.S. jobless rate, knowing their own jobs will be at stake in the November election if they fail to deliver.
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Indian iron ore prices to go up by 20%

In 2010, iron ore prices in India are set to soar by around 15-20%. This is apart from the rise Indian witnessed in Dec 2009 when the iron ore prices jumped by around 30 per cent. While the prices of iron ore with more than 64% ferrous content have already gone up from around $59-61 per tonne to $117 (free on board) per tonne, prices are expected to climb further by 15-20% in 2010.
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Commodity Trends: Agri commodities turn bearish

Barring sugar, all other agri commodities have turned bearish since the beginning of the new year, providing much needed relief to consumers and policy makers. Prices of agricultural commodities have declined by up to 11 per cent since January 1 which analysts attribute to a downward turn in the global markets. Also, fresh arrivals, including pulses, have provided relief to the government.
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Mazda and Ford to dissolve China JV: report

Mazda Motor Corp and Ford Motor Co will dissolve their joint venture in China by 2012, a move that would further weaken the tie between the two automakers, Japan's Nikkei business daily reported on Sunday.
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Yahoo pulled into Google fracas, Alibaba reacts

Yahoo got pulled into a growing row between China and Google on Saturday, as its Chinese partner slammed Yahoo's statements supporting Google while a source revealed the search giant had stayed silent about cyber-attacks.
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Clinton flies to Haiti as quake victims await aid

Secretary of State Hillary Clinton flew to Haiti on Saturday carrying relief supplies as the U.S. poured in massive aid four days after the earthquake that local officials say killed up to 200,000.
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UK hopes to profit from bank rescue

The British government still hopes to make a profit from its multi-billion-pound rescue of major British banks during the financial crisis, Prime Minister Gordon Brown said on Saturday.
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Haiti says 200,000 may be dead, tensions rise

Tensions rose among desperate Haitians awaiting international aid and hunting for missing relatives on Saturday as aid began to trickle in four days after an earthquake that Haitian authorities say killed 200,000 people.
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Obama chides banks' audacity for fighting fee

President Barack Obama on Saturday slammed Wall Street's audacity for fighting a bailout fee he wants to slap on financial firms and said his Republican opponents had sided with big banks.
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Cadbury investors look for higher Kraft bid

Some of Cadbury's biggest shareholders, led by Legal & General, continued to reject Kraft Foods' 10.5 billion pound ($17.2 billion) bid and will look for an increased offer over the next four days.
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Yahoo knew of attacks before Google, kept mum

Yahoo Inc knew it had been a target to sophisticated Chinese cyber attacks on U.S. corporations before Google alerted the company to them, a source familiar with the matter said, but chose to remain silent after its bigger rival went public.
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U.S. texting raises $11 million for Haiti

Cellphone users in the United States have contributed more than $11 million to Haitian earthquake relief through text messages in what is being hailed as an unprecedented mobile response to a natural disaster.
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China plays down Google dispute but U.S. concerned

China sought on Friday to play down a threat by Google Inc to quit the country on hacking and censorship concerns, but the United States said it will formally express concern over the cyber attacks the Internet search giant said originated in China.
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U.S. inflation tame, industrial output rises

U.S. consumer prices rose modestly last month, while industrial output rose on a cold snap, suggesting the economy was growing but not generating a level of inflation that would spur the Federal Reserve to roll back from its stimulative policies.
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Court asked to allow prosecution for sexting

A teenage girl who appeared topless in a sexting cell phone picture that was distributed among her middle-school classmates should face child-pornography charges, a Pennsylvania prosecutor argued before a U.S. appellate court on Friday.

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