UNITED STATES

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UK police find U.S. woman abusing child on webcam

British detectives said on Monday an investigation into Internet child pornography had uncovered a woman in the United States suspected of using a webcam to broadcast live sexual abuse of her young child.

U.S. and EU cautious on Netanyahu

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Palestinians voiced dismay on Monday over terms Benjamin Netanyahu set for a peace deal but the Israeli leader won guarded approval in Washington and Brussels for at least accepting Palestinian statehood.
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Oil falls over $2 on firmer dollar

Oil fell more than 3 percent to below $70 a barrel on Monday, extending its retreat from a near eight-month high as the dollar firmed and stock markets tumbled.
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Ford nimble without government oversight: chairman

Ford Motor Co has found advantages in going without the federal emergency aid that supports its domestic rivals, although the long-term implications of the government intervention are unclear, Ford Chairman Bill Ford said on Monday.
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Citi in $1.25 bln trade funding deal with IFC

Citigroup Inc and the private sector arm of the World Bank have struck a deal to offer a $1.25 billion funding facility intended to stimulate emerging markets trade over three years.
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Wall St tumbles as commodities, Wal-Mart slide

U.S. stocks slid on Monday as retreating commodity prices drove a selloff in the shares of natural resource companies, while Goldman Sachs' downgrade of Wal-Mart Stores Inc pulled the discount retailer's stock down more than 2.6 percent.
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Fed's Evans: policies unwound when growth sustainable

The U.S. economy looks closer now to a turning point than it did just two months ago as the Federal Reserve's aggressive policies start to kick in more solidly, Chicago Federal Reserve Bank president Charles Evans said on Monday.
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NY Fed manufacturing slump deepens in June

The slumping factory sector in New York state shrank at a more severe rate in June than during the previous month, the New York Federal Reserve said in a report on Monday.
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Oil falls towards $71 on firmer dollar

Oil fell to around $71 a barrel on Monday, extending its retreat from a near eight-month high as the dollar firmed and analysts said the market had rallied too quickly.
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Goldman's Cohen sees surge in profits

Goldman Sachs senior investment strategist Abby Joseph Cohen said on Monday that risk aversion has eased, while inventory rebuilding and new business spending bode well for an economic recovery that could provide a dramatic surge in corporate profits by year end.
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Geithner says rebound will take time

U.S. Treasury Secretary Timothy Geithner said on Monday the financial system was beginning to thaw but any renewed pick-up in the economy would likely be slower than usual.
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Goldman's Cohen sees Fed staying pat next week

Goldman Sachs senior investment strategist Abby Joseph Cohen said on Monday she does not expect major announcements from a meeting of U.S. Federal Reserve policymakers next week, and that market fears of inflation are spectacularly premature.
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N.Korea atom test wastes disarmament potential: IAEA

A second nuclear test by North Korea has wasted a long-awaited chance for progress in global nuclear disarmament and rekindled a climate of confrontation, the head of the U.N. atomic watchdog said on Monday.
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Firmer dollar post-G8 weighs on oil, shares

The dollar rose across the board on Monday after Russia said the U.S. currency's role as the world's main reserve currency was unlikely to change in the near future, hitting energy and commodity prices and related shares.
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Palestinian dismay, U.S. and EU praise for Netanyahu

Palestinians voiced dismay on Monday over terms Benjamin Netanyahu set for a peace accord but the Israeli prime minister won U.S. and European praise over his conditional acceptance of Palestinian statehood.
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NY state factory slump deepens in June

The slumping New York state factory sector shrank at a more severe rate in June than during the previous month, the New York Federal Reserve said on Monday, confounding expectations of a slight improvement.

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