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Kraft's Cadbury bid set to be approved by EU

U.S. food group Kraft Foods Inc (KFT.N) is set to clear a hurdle in its hostile 10 billion pound takeover bid for Cadbury (CBRY.L) by winning EU approval this week, a source familiar with the situation said on Monday.

Wall St off to strong 2010 start on ISM data, Intel

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U.S. stocks climbed on Monday, rallying in the first session of the new year, after data showed the manufacturing sector expanded for the fifth straight month and a brokerage upgrade of Intel helped lift semiconductor stocks.

Avatar passes $1 billion at world box office

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Avatar sped past the $1 billion mark at the worldwide box office after three weekends in release, making it the fourth-biggest movie of all time, according to data released on Sunday.
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U.S. judge rejects leniency for UBS informant

A U.S. judge on Monday rejected a request to consider reducing the prison sentence of a key informant in the tax fraud case against Swiss bank UBS AG, and he ordered former UBS banker Bradley Birkenfeld to start serving his 40-month sentence as scheduled this Friday.
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Wall St rises on higher oil, data on tap

U.S. stocks moved up at the open on Monday, the first trading day of 2010, on a rise in crude oil and other commodity prices and ahead of data expected to show expansion in the manufacturing sector.
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Dollar falls on caution before U.S. data

The dollar fell on Monday, reversing earlier gains on caution ahead of upcoming U.S. data, which left investors wary of pushing the currency up further after it earlier hit a four-month high versus the yen.
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Oil hits $81 on Belarus

Oil rose to $81 a barrel on Monday, the highest in more than two months, on news that Russia has halted oil supplies to Belarus and on cold weather in the United States.
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U.S. considering lesser term for UBS whistleblower: report

The U.S. Justice Department is considering whether to ask a judge to reduce the jail sentence of Bradley Birkenfeld, the key informant in the U.S. tax fraud case against Swiss bank UBS AG, the New York Times said, citing a person briefed on the matter.
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Stock futures gain as oil jumps, dollar weakens

U.S. stock index futures rose on Monday, as crude oil prices rose on jitters over an oil dispute between Russia and Belarus and as Novartis moved to buy eye care group Alcon in a $39 billion deal.
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Asia's factory output picks up steam in December

Factories in Asia stepped up production in December, with China's output growing at its fastest pace on record, suggesting economic activity is gathering pace in the region that is leading the global recovery.
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Tokyo bourse rolls out high-speed platform

The Tokyo Stock Exchange successfully launched a high-speed trading system on Monday to better compete with major global rivals in the growing field of automated trading.
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Asia stocks climb on growth hopes

Financial markets were upbeat on the first trading day of 2010 on Monday, with Asian stocks hitting a 17-month high and the U.S. dollar up against major currencies on hopes U.S. job figures this week will reflect a sustained economic recovery.
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Dollar below 4-month high vs yen, U.S. data eyed

The dollar edged down from a four-month high against the yen but held firm against other majors on Monday, the first trading day of 2010, as investors focus on U.S. data this week that could add to optimism about the economy. Investors are set to take cues from the U.S. December employment report on Friday as well as figures from the manufacturing and service sectors.
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TSE targets speed with Arrowhead

The Tokyo Stock Exchange launched an accelerated trading system on Monday to better compete with major global rivals in the growing field of high-speed trading.
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FX Market Watch - 04/01/2010

EUR/USD opened lower trading in a limited range during the shortened holiday week. The pair made a weekly high on Tuesday trading up to 1.4457 after release of U.S. housing data from S&P/Case-Shiller showed a 0.4% rise to a seasonally-adjusted 145.36 in October. The index was off 7.3% versus October of last year, slightly worse that the market's -7% Y/Y consensus. Also on Tuesday, European Central Bank Governing Council member and Luxembourg Central Bank head Yves Mersch wrote in a New Year's me...
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Watson Wyatt completes $4 billion merger with Towers

Human resources consulting company Watson Wyatt Worldwide Inc completed its merger with rival Towers Perrin Forster & Crosby to form a combined company called Towers Watson & Co that will make its U.S. trading debut on Monday.
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Daily Forecast - 4/1/2010

The Australian Dollar opens slightly higher on Monday at 0.8980. Traders squaring up for the New Year kept the Aussie in a tight range last Thursday against its U.S. counterpart.
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Somali PM sees rebel rout from capital this month

Somali government troops are ready to launch a major offensive against insurgents and expect to drive them out of the capital by the end of this month, the country's prime minister told Reuters on Sunday.

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