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AIG sells Taiwan insurance unit for $2.15 billion

American International Group has agreed to sell it's Taiwan life insurance unit for $2.15 billion, a key step in its effort to raise cash after a U.S. government bailout last year saved the company from collapse.

Asia stocks hit 14-month high ahead of earnings

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Asian stocks edged up to a 14-month high, while the U.S. dollar steadied on Tuesday, with some investors taking bets that third-quarter U.S. corporate earnings, expected to shrink for the ninth quarter, will be good enough to keep a rally going.

Oil eases from 7-week high above $73

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Oil edged below $73 a barrel on Tuesday, after rising for three straight sessions to settle at a seven-week high the previous day, buoyed by a weak dollar and optimism over the pace of global economic recovery.
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Obama policies averted economic abyss: Summers

The Obama administration has helped pull the U.S. economy back from the abyss with aggressive efforts to spur growth and stabilize financial markets, a top White House adviser said on Monday.
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Summers: Obama policies averted economic abyss

The Obama administration has helped pull the U.S. economy back from the abyss with aggressive efforts to spur growth and stabilize financial markets, a top White House adviser said on Monday.
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Obama's climate-change hopes get a boost

Official Washington sounded more upbeat on Monday than it has for weeks in sizing up U.S. President Barack Obama's chances of progress on a climate-change bill in Congress this year.
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Worst of the U.S. recession over: survey

The worst U.S. recession since the Great Depression has ended, but weak household spending as the labor market struggles to create jobs will slow the pace of the economy's recovery, according to a survey released on Monday.
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Oil jumps nearly 2 percent on optimism

Oil jumped nearly 2 percent on Monday on optimism about the pace of global economic recovery and as cold weather across the United States boosted fuel demand.
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Citi fined $600,000 for lax trade monitoring

Citigroup Inc has been fined $600,000 by the Financial Industry Regulatory Authority for failing to police derivatives transactions, including those that helped foreign clients avoid taxes on dividends.
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Blue Source, Goldman in $12 million carbon deal

The president of carbon offset developer Blue Source said his company and Goldman Sachs Group have completed a transaction of carbon credits worth $12 million that he called the largest publicly announced U.S. offset deal.
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Oil jumps on optimism, colder U.S. weather

Oil jumped more than 2 percent on Monday to touch a six-week high on optimism about the pace of global economic recovery and as cold weather across the United States boosted fuel demand.
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Suicide bomber kills 41 near Pakistan's Swat

A suicide bomber killed 41 people in an attack on a Pakistani military convoy passing through a market on Monday as the Taliban claimed responsibility for a weekend raid on the army's headquarters.

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