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Asian shares rise, Aussie dollar at 13-month high

Asian shares edged higher on Wednesday looking past a surprise fall in U.S. consumer confidence and the Australian dollar jumped to a 13-month high after August retail sales data beat forecasts.

Oil up to $67 on dollar slip, China growth

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Oil edged up to $67 a barrel on Wednesday, recovering from the previous day's losses as the dollar weakened against the euro and resource currencies like the Australian dollar.
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Toyota plans huge US recall for dangerous floormats

Toyota Motor Corp said on Tuesday it will recall some 3.8 million vehicles in the United States because of the risk that a loose floormat could force down the accelerator, a problem suspected of causing crashes that have killed five people.
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Saab may not get full EIB loan - paper

Ailing Swedish car firm Saab, being sold by General Motors, may not get the full 4.3 billion Swedish crown ($612 million) loan it has asked for from the European Investment Bank (EIB), daily Dagens Industri wrote on Tuesday, quoting an unnamed source.
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NATO chief assures Obama on Afghan war support

NATO's chief assured President Barack Obama on Tuesday of the alliance's commitment to the Afghan war as the U.S. administration weighs sending more troops to try to turn the tide on a resurgent Taliban.
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Micron Q4 beats Street, investors take profits

U.S. chipmaker Micron Technology Inc posted a narrower-than-expected quarterly loss as improving demand boosted sales and prices, but its shares gave up initial gains as investors locked in profits.
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Toyota plans recall of 3.8 million vehicles

Toyota Motor Corp said on Tuesday it will recall some 3.8 million vehicles in the United States because of the risk that a loose floormat could force down the accelerator, a problem suspected of causing crashes that have killed five people.
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Despite boom, IPO market not a 'free-for-all'-NYSE

The current boom in U.S. initial public offerings does not signal a free-for-all for prospective companies, which are closely watching the mixed performance of IPOs this week and last, the head of listings at the New York Stock Exchange parent company said on Tuesday.
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Micron beats Street, shares rise

U.S. chipmaker Micron Technology Inc posted a narrower-than-expected quarterly loss on Tuesday due to improved demand for memory chips, boosting its shares 3.2 percent.
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Nike beats on cost cuts, shares jump

Nike Inc beat quarterly profit expectations as deep cost cuts and lower taxes more than offset crumbling revenue in key markets like the United States and China, sending its shares up 4.4 percent.
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Daily Commentary - 30/09/2009

The Australian Dollar maintained its upward momentum against the Greenback during local trade yesterday, spurred on by an increase in the local equity market and the continuing news that interest rates are tipped to rise in Australia.
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Borders to give free wi-fi in stores

U.S. bookseller Borders Group Inc said on Tuesday that it will provide free wireless Internet access in about 500 of its U.S. stores as it works to lure more consumers to its brick-and-mortar shops.
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U.S. consumer woes overshadow housing cheer

U.S. house prices rose for a third month in July, but consumer confidence fell unexpectedly in September as the worst job market in 26 years fueled worries about personal finances, private reports showed on Tuesday.

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