UNITED STATES

Israel announces partial settlement freeze

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Israel announced on Wednesday it was limiting settlement construction for 10 months to try to revive peace negotiations with the Palestinians, but they said the step fell short of their terms for talks.
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Consumer, labor data buoy optimism on recovery

U.S. consumer spending and home sales rose more than expected in October, while new claims for jobless benefits fell sharply last week, suggesting the economic recovery was gaining traction.
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Stocks gain on recovery bets, weak dollar

U.S. stocks rose on Wednesday, sending both the Dow and the S&P 500 to fresh 13-month closing highs, as economic data reinforced hopes of stabilization in the labor and housing markets, but traded volume was light ahead of the Thanksgiving Day holiday.
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Stocks end higher on jobless claims, home sales

U.S. stocks rose in light trading volume on Wednesday, supported by data that pointed to stabilization in the labor and housing markets, areas that have fed concerns about a double dip recession.
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Daily Forecast - 26/11/2009

The Australian Dollar opens higher today at 0.9310 after a positive local session. Support held on Wednesday morning at US92 cents followed by a steady climb during Asian trade to an intraday peak of 0.9252.
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Obama offers U.S. climate cut

The United States unveiled a plan to cut greenhouse gases by 2020 on Wednesday and said President Barack Obama will attend U.N. climate talks in Copenhagen next month -- before other world leaders show up.
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Commonwealth leaders seek momentum for climate deal

Rich and poor states grouped in the Commonwealth and representing a quarter of the world's population hope to create critical momentum toward a global climate deal when they meet in the Caribbean this week.
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SEC probes derivatives in insider trading cases

U.S. regulators are increasingly looking beyond stocks in their insider trading investigations to examine derivatives and credit default swaps, a top Securities and Exchange Commission official said.
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Bank of America urges dismissing investor lawsuit

Bank of America Corp has asked a Manhattan federal court to dismiss an investor class-action lawsuit over its Merrill Lynch & Co purchase, including disclosures about Merrill's losses and bonus payouts.
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Stocks up on jobless claims, new home sales

U.S. stocks rose on Wednesday, supported by data that pointed to stabilization in the labor and housing markets, areas that have fed concerns about a double dip recession.
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Stocks rise on jobless claims, new home sales

U.S. stocks rose up on Wednesday, supported by data that pointed to stabilization in the labor and housing markets, areas that have been stoking concerns of a double dip recession.
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Euro zone expects no quick result from China

Leading euro zone officials expect no immediate results from talks in China this weekend to push for an appreciation of the yuan, euro zone sources said. We are reasonable enough to understand that two months is not feasible, and we are determined enough to convey the message that two years is too long, one of the sources said of European views on when the yuan should be allowed to rise.
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U.S. new home sales rise sharply in October

Sales of newly built U.S. single-family homes in October rose more than expected to their highest level in a year, data showed on Wednesday, pointing to a stabilizing housing market after a three-year slump.
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Health public option fight - symbol over substance

The fight over a U.S. government-run public insurance plan may be getting louder and noisier, but for now the program's political symbolism far exceeds its practical impact on expanding health coverage.
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Wal-Mart price pressure hurts China workers: report

Wal-Mart Stores Inc's demand for rock-bottom prices from suppliers in China means some of these companies are forcing their employees to work in sweatshop-like conditions, a new report said on Wednesday.

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