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Fed may have to hike rates before need clear: Warsh

The U.S. Federal Reserve may have to raise interest rates from their currently ultra-low setting near zero before the need to take action becomes obvious, Fed Board Governor Kevin Warsh said on Thursday.

Baer's Artio IPO jumps almost 5 percent in debut

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Shares of Julius Baer Holding AG's U.S. asset management arm Artio Global Investors Inc finished their first day of trade up 4.8 percent after the company's initial public offering raised more money than expected.
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U.S. Treasury: fragile markets may need TARP extended

The U.S. financial system remains fragile a year after launching a $700 billion bailout fund and the government may need to extend the program into next year, a senior U.S. Treasury department official said on Thursday.
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Lehman asks to unseal documents from Barclays probe

Lehman Brothers Holdings Inc and its unsecured creditors asked a bankruptcy judge on Thursday to unseal court documents related to an investigation of the sale of Lehman's core U.S. assets to Barclays PLC .
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France Telecom CFO blames email for staff stress

A top executive at France's biggest telecommunications company, which is dealing with a spate of suicides, warned that the barrage of emails from smartphones and personal computers was stressing out employees.
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Obama arrives at G20 with big agenda

President Barack Obama arrived at the Group of 20 summit in Pittsburgh on Thursday with an ambitious agenda to crack down on banks' risky behavior and rebuild the global economy on a more stable footing.
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RIM results, outlook disappoint, shares tumble

BlackBerry maker Research In Motion said on Thursday its profit dropped and gave an outlook that fell short of analyst forecasts heading into the holiday shopping season, sending its shares down almost 10 percent.
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Citigroup U.S. retail bank focusing on 6 cities

Citigroup Inc's U.S. retail banking business plans to focus its marketing efforts on six cities, a source familiar with the matter said, but the bank's chief executive said he does not plan to dramatically shrink its branch network.
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G20 leaders to call for banker pay curbs

World leaders at the G20 meeting here on Thursday were closing in on a statement calling for new restraints on banker pay, but would not endorse specific monetary caps, a deal-breaker for the United States.
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Daily Commentary - 25/09/2009

Yesterday's Australian New Home Sales data added support to the Aussie dollar during local trade with the 11.4% rise catching most analysts by surprise. The local unit appeared destined to test the psychological 88 cent barrier in early European trade however resistance between 0.8760 and 0.8780 capped any further advances for the fifth time in a week. In a stark reminder of the vulnerability of the Aussie dollar to a return to broad risk aversion North American equity markets fell around 1% fol...
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France Tel CFO says non-stop email stresses workers

Companies need to find a way to tackle the stress put on employees caused by nonstop emails in the BlackBerry age, according to a top executive at France Telecom, which is dealing with a spate of employee suicides.
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Banker pay curbs, but no caps, sought at G20 meet

World leaders at the G20 meeting here on Thursday were closing in on a statement calling for new restraints on banker pay, but would not endorse specific monetary caps, a deal-breaker for the United States.
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Sony PS3 sales jump on price cut, exec says

Sales of the PlayStation 3 video game console jumped in the weeks after a $100 price cut last month, and strong demand could lead to empty shelves at retail, a Sony Corp executive said on Wednesday.
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Merkel to G20: regulation before rebalancing

German Chancellor Angela Merkel warned on Thursday that a U.S. drive to rebalance the global economy risked distracting the Group of 20 from a more urgent need for market regulation at their Pittsburgh summit.
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Oil settles 4.5 percent lower on demand doubts

Oil prices settled more than 4 percent lower at below $66 a barrel on Thursday as weak U.S. home sales data and high crude oil inventories in the top energy consumer stirred doubts about a potential fuel demand recovery.
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Oil drops over 4 percent on demand worries

Oil prices dropped over 4 percent on Thursday to $66 a barrel as weak U.S. home sales data and high U.S. crude inventories stirred doubts about a potential fuel demand recovery.
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Home sales, jobless claims drop unexpectedly

The number of U.S. workers filing new claims for jobless benefits fell last week, but a surprise drop in sales of existing homes in August hinted at a less vigorous pace of recovery from a severe recession.
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GM CEO sees modest U.S. auto sale recovery

The U.S. car market should see a modest recovery in 2010, with sales possibly reaching between 11.5 million and 12 million vehicles, General Motors Co Chief Executive Fritz Henderson said on Thursday.

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