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Emerging Asia FX falls, global stocks skittish

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The Australian dollar and emerging market currencies slid on Wednesday as investors began to question how much longer a near three-month rally in riskier assets can last without evidence of a sustained economic recovery.

Oil rises to six-month peak above $60

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Oil prices rose above $60 a barrel on Wednesday, hitting a new six-month high, as investors awaited more U.S. oil inventory data and kept a close watch on equities for direction.
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Oil steadies above $60, eyes U.S. oil inventories

Oil prices steadied above $60 a barrel on Wednesday after touching a six-month high a day earlier, as investors awaited more U.S. oil inventory data and kept a close watch on equities for direction.
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Bank of America raises $13.47 billion in share sale

Bank of America Corp raised $13.47 billion through a share sale, marking a major step toward meeting the U.S. government's requirements for capital-raising following the recent stress testing of the bank.
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GM bankruptcy plan eyes quick sale to government

If General Motors Corp files for bankruptcy, as widely expected, its healthy assets will be quickly sold to a new company owned by the U.S. government, a source familiar with the situation said on Tuesday.
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AIG unveils candidates to revamp board

American International Group, Inc, under government pressure to revamp its board with a majority of new independent directors, announced on Tuesday six nominees who will be voted on by shareholders at the company’s annual meeting on June 30.
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Sprint to sell Palm Pre for $200 after rebate

Sprint Nextel Corp said it will sell Palm Inc's long-awaited Pre smartphone starting on June 6 for $199.99 with a two-year service agreement, in line with Apple Inc's iPhone price.
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Canada unveils fund for clean energy, carbon capture tech

The Canadian government unveiled on Tuesday a C$1 billion ($860 million)Clean Energy Fund that will focus on the development of renewable energy technologies, including carbon capture and storage as well as sustainable oil sands development.
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AT&T mulls cheaper plans for iPhone

AT&T Inc is considering offering cheaper data service plans with limited Web surfing for advanced cellphones including Apple Inc's iPhone.
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U.S. housing starts and permits plumb record lows

U.S. housing starts and permits fell to record lows in April, weighed down by a slump in multifamily units, according to data on Tuesday that still hinted the U.S. recession may be drawing to a close.
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Obama task force eyes green jobs to boost economy

A White House task force charged with helping to revive the economy will focus on the creation of a comprehensive U.S. energy plan that will generate millions of clean energy jobs when its meets on Wednesday, the White House said.
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Home Depot beats Street but is outshone by Lowe's

Home Depot Inc reported higher-than-expected quarterly earnings as massive cost cuts offset weak sales, but its shares fell as investors found the results disappointing in comparison with those of smaller rival Lowe's Cos Inc .
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Wall Street rises on tech boost ahead of HP results

Stocks rose for a second day on Tuesday as investors snapped up shares in the technology sector ahead of results from Hewlett Packard , betting the tech bellwether may be the latest company to beat estimates.
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Obama takes aim at climate-warming car emissions

U.S. President Barack Obama took aim at climate-warming greenhouse gases on Tuesday and obliged the struggling auto industry to make more efficient cars by imposing tough national standards to cut emissions and increase gas mileage.
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Barack Obama takes aim at climate-warming car emissions

U.S. President Barack Obama took aim at climate-warming greenhouse gases on Tuesday and obliged the struggling auto industry to make more efficient cars by imposing tough national standards to cut emissions and increase gas mileage.
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Wal-mart steps up consumer electronics push

Wal-Mart Stores Inc said on Tuesday it is expanding its assortment of hot electronics, like Blu-ray DVD players and high-definition TVs, and freshening the look of its 3,500 U.S. electronics departments as the retailer seeks to grab market share.

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