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India's Reliance jumps on hopes of Lyondell bargain

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Shares in Reliance Industries rose nearly 4 percent to a one-month high on a view India's biggest firm would steal a bargain with its bid for bankrupt petrochemicals firm LyondellBasell, a deal sources say may be worth $12 billion.

Pakistani forces attack Taliban, kill 22

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Pakistani security forces backed by tanks and artillery attacked Taliban positions in the northwest of the country, killing 22 militants, a senior police official on Monday.
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Wall St set for strong open after Bullard comments

U.S. stock index futures pointed to a nearly 1 percent rise at the open on Monday after comments by a Fed official reassured investors the government is committed to helping the economy recover from a deep recession.
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Dollar suffers on rate view after Fed comments

The dollar fell broadly on Monday, hitting a six-week low against the yen after dovish comments from a U.S. Federal Reserve official reinforced the view that U.S. interest rates would stay low for a long time.
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FTSE gains 1.7 pct, fuelled by strong commods

Britain's top share index was up 1.7 percent at midday on Monday, fuelled by strength in miners and energy stocks thanks to firmer commodity prices, while improved risk appetite also boosted banks.
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Dollar falls broadly on dovish Fed comments

The dollar fell broadly on Monday after dovish comments from a U.S. Federal Reserve official added weight to expectations that U.S. monetary policy would stay ultra-loose for a prolonged period.
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Gold hits record above $1,167/oz as dollar slips

Gold hit a record high at $1,167.45 an ounce on Monday as dollar weakness pushed the metal through key technical resistance levels, fuelling momentum buying after the metal's sharp run higher earlier this month.
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Cadbury hits record high as rival bidders circle

Cadbury Plc shares hit a record high on speculation of a battle for the British confectioner between bidder Kraft Foods Inc and rivals who are considering making takeover offers, analysts said on Monday.
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Dimon seen as successor to Geithner: report

Several U.S. policy makers consider JPMorgan Chase & Co Chief Executive Jamie Dimon as a potential successor to U.S. Treasury Secretary Timothy Geithner, the New York Post said, citing sources.
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Ciena buys Nortel ops for $769 million: sources

Ciena Corp will buy the optical networking and carrier ethernet business of bankrupt Nortel for $769 million, sources told Reuters, after it trumped Nokia Siemens Networks in a three-day auction.
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Business economists raise 2010 growth outlook

A group of U.S. business economists boosted their forecast for economic growth over the next year, but said the jobless rate will remain stubbornly high, a survey released on Monday showed.
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Gold at record; resource plays boost stocks

Gold powered to another record high on Monday, benefiting from its reputation as a hedge against inflation and sluggish economic growth, while oil and copper prices rose on a weaker dollar and supply concerns.
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Ciena wins auction for some Nortel assets: sources

Ciena Corp will buy Nortel Networks Corp's optical networking and carrier ethernet business for $769 million after outbidding Nokia Siemens Networks in a three-day auction, sources told Reuters on Sunday.

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