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Dollar weakness lifts futures

Stock index futures edged higher on Tuesday as renewed U.S. dollar weakness lifted shares of natural resource companies and investors set their sights on key housing and inflation data due out before the bell.
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Stock futures inch up on dollar weakness

Stock index futures edged higher on Tuesday as renewed U.S. dollar weakness lifted shares of natural resource companies and investors set their sights on key housing data due out before the bell.
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Housing starts jump in May; PPI up 0.2 percent

New U.S. housing starts and permits rebounded in May from record lows as ground-breaking for multifamily units surged after tumbling the prior month, a government report showed on Tuesday.
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U.S. economy headed for anemic year-end recovery

The American economy will begin growing again in the third quarter, but the rebound will be meek as a battered housing sector and ailing banks stem any progress in other areas, according to a Reuters poll.
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Daily Forex Commentary 16/06/09

Australian Dollar: After gapping lower in early Monday morning trade yesterday the Aussie was unable to “fill the gap” back above 81 cents in Asia trading sideways for the majority of the session to enter early offshore trade around 0.8070.
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Stock index futures point flat to lower start

U.S. futures pointed to a flat to lower start on Wall Street on Tuesday with the S&P 500 index, futures for DJ Industrial Average and futures for Nasdaq 100 down 0.02 to 0.2 percent, at 0900 GMT.
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Banks view regulation plans as just proposals

The U.S. banking industry played down the Obama administration's proposals on Monday for the most wrenching regulatory changes since the Great Depression as just that -- proposals.
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Iran ready for partial recount in disputed vote

Iran's top legislative body said Tuesday it was ready to carry out a partial recount in a disputed presidential election that has prompted the biggest street protests since the 1979 Islamic revolution.
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Russia to urge caution on reserve FX at BRIC summit

Russia will advocate a cautious approach to changing the system of global reserve currencies when the world's biggest emerging economies hold their first formal summit on Tuesday, the Kremlin's top economic aide said.
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Microsoft files lawsuit over click fraud

Microsoft Corp filed a lawsuit against three individuals believed to be based in Vancouver, accusing them of a form of click fraud by improperly using Microsoft's online advertising service for profit, court documents show.
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Adobe to charge users for Acrobat.com

U.S. software company Adobe Systems Inc said on Monday it had moved Acrobat.com out of public beta testing and would charge subscribers to use the online version of its popular PDF reader software Acrobat.
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David Letterman apologizes for flawed Palin joke

David Letterman apologized on Monday for making a sexually charged joke about one of Alaska Gov. Sarah Palin's teenage daughters, as a group of Palin supporters planned a rally demanding the late-night TV show host be fired.
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Medidata to debut IPO in 2008-09's busiest week

Software maker Medidata Solutions Inc has rescheduled its initial public offering until next week, one of the deal's underwriters said Monday, setting the stage for the busiest week for IPOs since April 2008.
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Mexico's ICA offers up to 150 mln shares

Mexico's top building company ICA said on Monday it could sell up to 150 million shares in Mexico and the United States to finance projects in infrastructure and housing.
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Iran protesters plan more rallies after one killed

Iranians planned more protests on Tuesday against a presidential election they say was rigged but the focus of their anger, President Mahmoud Ahmadinejad, left the country to attend an international meeting.
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Nomura, T&D among bidders for Citi Japan unit-sources

Investment bank Nomura Holdings and insurer T&D Holdings are among the firms in the second round of bidding for Citigroup's asset management arm in Japan in a deal likely to exceed $1 billion, five sources familiar with the matter said.

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