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U.S. home prices flat in Q3, fewer underwater: Zillow

Home values in the United States stabilized in the third quarter and fewer mortgages were underwater, but impending foreclosures could threaten to delay a housing market recovery, real estate website Zillow.com said on Monday.

Stuyvesant Town woes may pave way for loan changes

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The joint venture that borrowed heavily to buy Stuyvesant Town and Peter Cooper Village in 2006 could be among the first to take advantage of changes in U.S. tax law that let borrowers seek payment relief, when it said last week that it could not keep paying interest on a $3 billion loan.
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AXA targets Asia growth in spite of China snag

French insurer AXA sought full control of its majority-owned Asian arm to get a tighter grip on the region's booming markets, and stuck with plans to grow in China in spite of regulatory obstacles there.
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Oil jumps $1 towards $79 on hurricane, dollar

Oil rose more than $1 toward $79 a barrel on Monday after Hurricane Ida forced the shut in of U.S. oil and gas facilities, and on the outcome of Group of 20 talks sent equities up and the dollar down.
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Stock futures point to gains after G20

Stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500 up 0.9 percent, Dow Jones futures up 0.8 percent and Nasdaq 100 futures up 0.8 percent at 5:10 a.m. EST.
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Oil jumps $1 to above $78 on hurricane, dollar

Oil rose more than $1 to above $78 a barrel on Monday after Hurricane Ida forced the shut in of U.S. oil and gas facilities and the outcome of Group of 20 talks sent equities up and the dollar down.
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Global stocks rise, dollar falls after stimulus pledge

Global stocks rose and the dollar fell on Monday after the Group of 20 pledged to keep stimulus in place until recovery was assured, following data on Friday showing the U.S. unemployment rate rose to a 26-year high.
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Asia stocks rise, bonds fall as risk sought

Asian stocks and currencies rose on Monday on bets a surge in the U.S. unemployment rate to a 26-1/2-year high would force policymakers to keep many stimulus measures in place until an economic recovery spread further.
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Karzai says he's addressing corruption

Afghan President Hamid Karzai said in an interview airing Monday he is taking steps to root out corruption in his government, but he also said foreign money was making the problem worse.
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Asia stocks, currencies rally as risk sought

Asian stocks and currencies rose on Monday as investors bet that a surge in the U.S. unemployment rate to a 26-1/2-year high would force policymakers to keep many stimulus measures in place until an economic recovery was on more solid footing.
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Advanta files for bankruptcy protection

Advanta Corp , a small business credit card lender in the United States, said on Sunday it filed for bankruptcy protection after the economic crisis over the last two years devastated its small business customers.
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Oil jumps $1 to above $78 on hurricane fears, dollar

Oil rose more than $1 to above $78 a barrel on Monday, recouping some of the previous session's near 3 percent loss, on fears a powerful hurricane would cut U.S. oil and gas supplies and also lifted by the falling dollar.
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Northrop to sell $1.65 bln unit to private equity

Defense contractor Northrop Grumman has agreed to sell its TASC consulting unit to two buyout firms, General Atlantic and Kohlberg Kravis Roberts & Co , for $1.65 billion, the companies said on Sunday.
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Daily Wrap Up - Nov 8

Dollar May Be Under Pressure; Investors Eye Retail Sales; NBC Universal's Valuation
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IMF exploring insurance levy on banks

The International Monetary Fund is exploring the idea of making banks pay insurance fees to fund any future rescues in the sector, IMF managing director Dominique Strauss-Kahn said on Sunday.
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Daily Forecast - 09/11/2009

The Australian Dollar opens higher on Monday at US92 cents after the Reserve Bank of Australia (RBA) upgraded economic growth forecasts on Friday and U.S. unemployment came in worse than expected. The Aussie traded in a one cent band over the previous session (0.9090 - 0.9197) and was underpinned after the RBA said in its quarterly statement on monetary policy that GDP is set to expand by 1.75 per cent by the end of 2009 and to 3.25 per cent by the end of 2010. Markets viewed this as a sign that...
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Healthcare measure faces tough path in Senate

After a landmark win in the House of Representatives, President Barack Obama's push for healthcare reform faces a difficult path in the Senate amid divisions in his own Democratic Party on how to proceed.
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Stocks eye retailers as jobless ranks grow

As unemployment in the United States edges above 10 percent, anxious investors will look to earnings reports from major retailers for signs of life in the beaten-up consumer.
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UK, Australia seek UBS data after U.S. tax case

Authorities in Britain and Australia have requested information from UBS after the Swiss bank agreed in August to disclose some 4,450 client names to settle a U.S. tax case, the bank confirmed on Sunday.
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Geithner: need stimulus, not financial transactions tax

Treasury Secretary Timothy Geithner on Saturday stressed the necessity of keeping global economic stimulus in place until recovery is assured and opposed the utility of a tax on financial transactions as a way to dampen risky bank behavior.
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Geithner: need stimulus, not transactions tax

Treasury Secretary Timothy Geithner on Saturday stressed the necessity of keeping global economic stimulus in place until recovery is assured and opposed the utility of a tax on financial transactions as a way to dampen risky bank behavior.
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China presses developed world on policy after G20

China on Saturday shrugged off international pressure to appreciate its currency, saying developed countries should focus on the quality of their own economic policy-making. Chinese Finance Minister Xie Xuren, speaking after finance ministers and central bank governors of the Group of 20 nations met in Scotland, said countries with global reserve currencies should work to maintain the currencies' value to avoid destabilising the world economy.

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