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Euro rates edge down ahead of tender

The interbank cost of borrowing dollars and euros held near record lows on Monday as the market prepared for a U.S. policy decision and the final chance to get cheap one-year money from the ECB.

FOREX-Dollar index slips on Dubai bailout

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The dollar slipped on Monday after Dubai's announcement it had received help from Abu Dhabi to repay its debts bolstered risk appetite and eroded some of the U.S. currency's safe-haven appeal.
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Real estate co Fairfield files for bankruptcy

Privately-held real estate company Fairfield Residential LLC filed for bankruptcy protection on Sunday, saying that the collapse of the U.S. real estate and capital markets has made it difficult to continue without restructuring.
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Gold off 4-week lows as dollar dip supports

Gold prices rose and moved away from four-week lows on Monday as the dollar reversed course and dipped against a basket of major currencies, paring gains made after upbeat U.S. economic data late last week.
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Cadbury admits to rival interest as rejects Kraft

Britain's Cadbury Plc said it has received interest from other bidders after raising its growth targets and reporting upbeat trading as it dismissed a 10 billion pound ($16.5 billion) bid from Kraft Foods .
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Stock futures signal gains after Dubai bailout

Stock index futures pointed to a higher opening on Wall Street on Monday, with futures for the S&P 500 up 0.59 percent, Dow Jones futures up 0.39 percent and Nasdaq 100 futures up 0.49 percent.
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Naked access now 38 percent of U.S. trading: report

A report says that 38 percent of all U.S. stock trading is now done by firms that have naked sponsored access to markets, the controversial trading practice said to imperil the marketplace, and which faces a regulatory crackdown.
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Thais extend North Korean arms cargo crew's detention

A Thai court on Monday extended the detention of the crew of a seized cargo aircraft loaded with 35 tonnes of arms from North Korea as its unscheduled arrival in Bangkok stirred questions over illicit-weapons trade.
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Asian stocks ease, firm dollar weighs on oil

Asian stocks eased on Monday as the dollar hovered near six-week highs on views the Federal Reserve might raise rates sooner than expected, putting pressure on oil and commodity prices.
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Real estate firm Fairfield files for bankruptcy

Privately-held real estate company Fairfield Residential LLC filed for bankruptcy protection on Sunday, saying that the collapse of the U.S. real estate and capital markets has made it difficult to continue without restructuring.
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Fast forward to 2010

To all extents and purposes, 2009 is over for investors and the coming week will be dominated by the issues of 2010.
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Houston eyes Asia trade as Panama Canal expands

Warehouses holding everything from beer kegs to frozen chickens crowd the roadside along Highway 146 south of Houston, and a ferocious building boom is adding acres more, thanks to an even bigger project 1,800 miles away in Panama.
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Kelly in lead for BofA top job, pay an obstacle: report

Bank of New York Mellon Corp Chief Executive Robert Kelly is the front-runner to succeed retiring Bank of America Corp CEO Kenneth Lewis, but compensation issues could get in the way of a deal, the Wall Street Journal said on Sunday, citing people familiar with the situation.
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Daily Forecast - 14/10/2009

The Aussie dollar was unable to hold onto momentum gained by Thursday's stellar employment report peaking near 92 cents during Friday's European session.
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Fed can do no more to cut unemployment: Greenspan

The Federal Reserve has done all it can do to reduce unemployment and needs to worry more about the risk of inflation from the stimulus it poured into the economy, former Fed Chairman Alan Greenspan said on Sunday.
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Federal Reserve likely to repeat low rate pledge

The Federal Reserve, at a meeting this week, will likely close out the year by repeating a pledge to keep interest rates extraordinarily low for an extended period even as it nods to signs of economic healing.
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Brown in Afghanistan, seeks to fix rift with Karzai

Prime Minister Gordon Brown and Afghan President Hamid Karzai met at an Afghan air base on Sunday, aiming to fix a relationship that has grown bitter as the Afghan war grows deadlier and more unpopular.
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No boon for U.S. firms in Iraq oil deal auction

Critics said the 2003 U.S. invasion of Iraq said was driven by oil, but United States oil majors were largely absent from an Iraqi auction of oil deals snapped up instead by Russian, Chinese and other firms.

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