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Treasury meets Abu Dhabi, Singapore funds: report

Treasury officials have met executives from two of the world's largest sovereign wealth funds to discuss embracing a set of promises not to use their wealth for political advantage, the Wall Street Journal reported on Tuesday.

BSE Sensex up 1.7 percent as Reliance stock surges

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India's prime stock index, the BSE (Bombay Stock Exchange) Sensex, climbed 1.7 percent or 301.50 points, Monday, to 17,650.57, with 26 components rising, riding on the wave of renewed confidence of investors who are looking forward to a positive budget being announcement by the Central Government.
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January foreclosures up 57 percent in year: report

U.S. home foreclosures for January increased 57 percent from a year earlier, but the pace at least temporarily subsided in response to private and government efforts to help homeowners, RealtyTrac said.
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Mandel packs briefcases for Deal world tour

With the highly rated Million Dollar Mission episodes of Deal or No Deal having concluded Monday, NBC is brewing another stunt for its stalwart game show: an around-the-world tour.
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Google, SingTel and others to build submarine cable

Web search company Google Inc has agreed to build an undersea cable with five telecoms operators that will link the United States to Japan, and provide the capacity to sustain a surge in Internet traffic between the continents.
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Pakistan to appoint new military intelligence chief: report

Pakistani army chief General Pervez Kayani is appointing a new head of military intelligence, a newspaper reported on Tuesday, the first major reshuffle in the military since President Pervez Musharraf quit the army. Musharraf, who seized power as a general in 1999, stepped down as army chief in November to become a civilian president of the country, which has been ruled by the military for more than half of the 60 years since its independence
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Visa to launch record IPO

Credit card network, Visa has said it is planning to raise a record $18 billion (9 billion pounds) in what would be the largest ever Initial Public Offering in the U.S.
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FX Summary - Feb 25

The greenback was mixed at the start of the week, trading higher against the yen and easing versus the euro. US data will garner the lion’s share of the attention this week, with much scrutiny over the prospects for the economy to slip into recession. On the
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U.S. Stocks Post Modest Gains

U.S. stocks rose modestly on Monday afternoon after natural gas gained to a two-year high, pushing energy companies to soar.
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Gold Drops as U.S. Backs IMF Gold Sales

Gold futures fell sharply on Monday, the most in almost two weeks after the U.S. said it supports limited sales of gold reserves held by the International Monetary Fund.
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Dollar gains on euro, yen

The dollar gained slightly against the euro and yen on Monday after a better than expected report about home sales in the U.S. in 2008.
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Dollar gains vs yen on increased risk appetite

The dollar and euro both gained against a weaker yen on Monday as positive news for the U.S. financial sector boosted appetite for stocks and other riskier trades and helped underpin high-yielding currencies like the New Zealand dollar.
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Goldman sees $1-$12 bln more writedowns at top brokers

Goldman Sachs said it expects additional writedowns of about $1 billion to $12 billion each for several major U.S. brokers in the first quarter, with Citigroup estimated to record the highest amount of about $12 billion.

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