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Google may quit China over censorship

Internet giant Google Inc has made a shock threat to quit China, the world's biggest Internet market by users, after hackers accessed human rights activists' e-mail accounts.

Asia stocks hit by China central bank

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Chinese stocks led a drop in Asian equities on Wednesday as Beijing's surprise hike of banks' reserve requirements sparked investor concerns that the move could slow the country's purchases of natural resources and other imported goods from Asia.
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Stocks, commodities fall after China bank move

Stocks and commodities fell in Asia on Wednesday after China's surprise hike of banks' reserve requirements sparked investor concerns that the move could slow China's purchases of natural resources and other imported goods from Asia.
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U.S. and Google take hard line on China Web censorship

The United States and Google Inc separately said they would move against Chinese Internet censorship, possibly signaling the start of a harder line toward China by U.S. President Barack Obama and the end of Google's business in the country.
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Google says may pull out of China after Web attacks

Google Inc is considering shutting down its China operations and website after hackers in China coordinated a highly sophisticated cyber-attack on the Internet search giant in December and targeted at least a score of other major corporations, it said on Tuesday.
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New credit card rules take effect next month

Consumers will soon have more protection from various unfair practices from credit card issuers, as the Federal Reserve today approved several mandates to further regulate the credit card industry.
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BofA moves CFO to retail bank post in reshuffling

Bank of America Corp said on Tuesday it would shift its chief financial officer to a job running its retail operations and seek a replacement CFO, one of several moves by new Chief Executive Brian Moynihan to put his imprint on the bank.
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Google may exit China market after attacks

Google, Inc executives in the U.S. have ordered a review of the search giant's operations in China and are considering shutting its local site and offices there if talks with the Chinese government about having an unfiltered search engine within the law fall through.
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Major magnitude 7.0 quake hits off Haiti

A major earthquake hit the impoverished country of Haiti on Tuesday, collapsing buildings in the capital Port-au-Prince and burying residents under rubble, a Reuters reporter in the city said.
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Galleon's Rajaratnam remains free on $100 million bail

Galleon hedge fund founder Raj Rajaratnam will plead not guilty to any new government charges of insider trading, his lawyer told a judge on Tuesday, as prosecutors raised the amount of his alleged illegal profits to $41 million.
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BofA names new management team

Bank of America Corp on Tuesday announced a reshuffled executive management team under new Chief Executive Brian Moynihan.
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Galleon's Rajaratnam slams wiretaps, stays free

Galleon hedge fund founder Raj Rajaratnam, accused of fraud and conspiracy in a complex insider trading case, attacked the U.S. government's wiretap evidence on Tuesday, as he won approval to stay free on bail.
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Bank levy fears, Alcoa batter Wall Street

U.S. stocks slid in a broad selloff on Tuesday as investors pummeled financials on concerns about a potential government levy on banks, while Alcoa Inc's disappointing results tempered optimism about the economic recovery.
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Banks decline amid earnings, fee worries

U.S. bank stocks fell on Tuesday after reports that the Obama administration might charge banks more than $100 billion made investors worry about the sector's profits.
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Daily Forecast - 13/1/2010

The Australian Dollar opens lower today at 0.9210 after failing to hang onto its recent gains above US93 cents.
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Obama to meet with House Republicans

U.S. President Barack Obama, who failed to attract much bipartisan support in his first year in office, has agreed to meet with U.S. Republican lawmakers as he starts his second year, a party leader said on Tuesday.
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Military base deal eludes Clinton, Okada in Hawaii

U.S. Secretary of State Hillary Clinton and Japanese Foreign Minister Katsuya Okada failed to reach a deal on Tuesday on a dispute over a U.S. military base, but pledged not to let it derail the broader relationship.
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Wall St drops on bank levy worries, Alcoa

U.S. stocks slid in a broad selloff on Tuesday as investors pummeled financials on concerns about a potential government levy on banks, while Alcoa Inc's disappointing results tempered optimism about the economic recovery.
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FDIC floats plan to tie bank pay to fee levels

U.S. banks whose compensation plans encourage excessive risk-taking would have to pay more for deposit insurance under a proposal floated by the Federal Deposit Insurance Corp on Tuesday.
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U.S. trade gap widens in November on import jump

The U.S. trade deficit ballooned in November, as the price of imported oil jumped more than $5 per barrel and revived consumer and manufacturer demand pushed imports to their highest in nearly a year.
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Wall St must pay mad scientists well: lobbyist

Some Wall Street executives in line for fat bonuses are akin to mad scientists whose brilliance justifies the size of their pay packages, the head of the U.S. Chamber of Commerce said on Tuesday.
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BlackRock president sees stronger emerging markets

The president of the world's largest money manager, BlackRock Inc , said on Tuesday that emerging markets are a bright spot for investment and warned U.S. real estate prices are likely to fall further.
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SEC sues Bank of America again, on Merrill losses

The Securities and Exchange Commission sued Bank of America Corp for a second time over its takeover of Merrill Lynch & Co, accusing the bank of failing to disclose huge losses at Merrill before shareholders voted on the merger.

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