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 Powers urge Iran to reconsider nuclear offer
Senior officials from six world powers said on Friday they were disappointed Iran had not accepted proposals intended to delay its potential to make nuclear bombs, and urged Tehran to ...
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 New EU president raises fears in aspirant Turkey
Herman Van Rompuy's appointment as the first European Union president provoked fears in Turkey that he might hinder Ankara's hopes of joining the bloc, with some media declaring outright that he is ...
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 Moderate Democrat boosts Senate healthcare bill
One of three wavering U.S. Senate Democrats said on Friday he would vote to start the chamber's healthcare debate, bolstering the chances for a broad overhaul one day before its first crucial ...
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 Pelosi calls Afghan Karzai "unworthy partner"
Afghan President Hamid Karzai is an "unworthy partner" who does not deserve a big boost either in U.S. troops or civilian aid, U.S. House of Representatives Speaker Nancy Pelosi ...
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 Ford to invest $2.3 bln to boost Brazil output
Ford Motor Co plans to invest 4 billion reais ($2.26 billion) in Brazil to boost output as record-low borrowing costs and a recovery in Latin America's largest economy stoke demand for new cars, Mark Fields, the company's president for the Americas, said on ...
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 Spain sees no more than 900 job cuts at Opel plant
Spain's industry minister on Friday said after meeting with a top General Motors executive that no more jobs would be cut at a GM Opel plant near Zaragoza than previously agreed with former prospective buyer ...
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James Passin: The Feedback Loop
Today's extraordinary loose monetary conditions are "benefiting hard assets," according to James Passin, co-founder and manager of Firebird Global Fund and Firebird Global Fund II. Surplus liquidity is flowing into ETFs that buy commodity futures and physical commodities, which James says, is ...
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FRIDAY MIDDAY WEATHER 11/20
he 12z FRIDAY operational GFS still shows a significant event developing for the eastern portions of the Upper Plains and Midwest 11/23-11/24. The GFS has done a flip flop... again... and now shows a colder pattern for the central and eastern US in the 1st week of DEC. ...
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Grain Report
The Thursday weekly export sales report put wheat sales last week at a weak 362,000 metric tons, down 12% from the week prior and 13% below our four-week average. Slow demand comes as record-ending stocks keep importers buying hand-to-mouth as needed and last week's rally in-priced of $0.40. ...
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Today's Comex Gold Settled $4.90 Cents Higher...($1146.80)
Despite a stronger U.S Dollar today the Gold traders made a late session push and closing over my 1st Resistance level. I believe this is simple speculation that the U.S Dollar will fall back. Globex continued to rally after the (Comex) day session closed. Remember the all-time high is recorded ...
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Crude Oil sells off with strong dollar and weak equities
Crude futures have slipped back below our 1st tier downtrend and uptrend lines in reaction to broad-based strength of the Dollar. This week's wave of negatively mixed econ data appears to be taking its toll on riskier investment vehicles, leading investors towards the Dollar and away from crude and ...
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US Stock Market
The U.S stocks end this week closing in red despite the current gains in health-care and consumer shares as fears are spread throughout overall markets concerning a global recovery while that huge U.S huge high-tech corporation; Dell Inc, posted its earnings that came in worse than forecasts, ...
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The Week Ahead updated November 20, 2009
The moves this week should convince anyone that had any doubt, that the correlation between equity markets and currencies remains alive and well. It was a rollercoaster, with EUR/USD oscillating between 1.4800 support and 1.5000 resistance for the better part of the ...
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Correctional movements after a strong strengthening of the dollar…
So far, correctional movements are clearly witnessed throughout the currencies market after a strong strengthening of the green Benjamin along with the yen as their appeal was strongly boosted as a refuge as a result of fears, knowing that the U.S stocks plummeted within the midday session and the ...
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USD/JPY glides lower amid weakness in U.S. equities
The USD/JPY hovered below our 1st tier uptrend line earlier today as we witness a broad-based selloff in riskier investment vehicles. Investors have indicated a preference for the Yen over the Dollar when heading for safety, meaning the USD/JPY could experience a positive correlation with U.S. ...
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 Warren Buffett lunch sells for £1 million on eBay
A bidder agreed to pay $1.68 million (1 million pound) for a steak lunch with billionaire investor Warren Buffett in a charity auction completed Friday night, according to eBay's website, where the bidding took ...
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Vanishing Credit Lines for Consumers and Small Businesses
In Credit Card Lending Goes Full Cycle I posted an Email from Scott who was denied a credit card by Capital One on the basis of where he lived. Capital One did not even bother with a credit check that would have sown that Scott had a FICO score of ...
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What the Really Smart Money is Buying
We talked about an hour after the markets closed. At the time, a Reuters headline proclaimed, "Worst January Ever for Dow, S&P 500." The Dow sat at ...
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 EU extends review of Oracle plan to buy Sun
European regulators extended their review of Oracle Corp's proposed $7-billion acquisition of Sun Microsystems Inc, giving the software maker more time to address anti-competitive ...
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 Gamestop Q3 profit beats estimates
GameStop Corp's quarterly profit beat expectations helped by price cuts that stoked video game console demand and as used-game sales boosted margins -- signs a months-long period of gloom may be ...
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 Kanye West taking time off after debacle
A day after Kanye West earned widespread scorn for upstaging Taylor Swift at the MTV Video Music Awards, the remorseful rapper said on Monday he would take time off to reflect on his ...
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 Kanye West outburst mars MTV music video awards
The MTV video music awards held on Sunday paid tribute to the late Michael Jackson, but was overshadowed by an outburst by rapper Kanye West, who interrupted an acceptance speech by U.S. singer Taylor ...
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 Rio wins 2016 Games as IOC rebuffs Obama
Rio de Janeiro won a resounding vote on Friday to stage the first Olympics in South America in 2016, rebuffing U.S. President Barack Obama, who had personally lobbied for his adopted hometown ...
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 Storm Bill loses steam in North Atlantic
Hurricane Bill weakened to post-tropical storm status on Monday after lashing Eastern Canada with heavy winds and rain and pounding the U.S. East Coast with heavy seas that killed two ...
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Bulgaria Tourism Arrivals Decline In June
Monday, Bulgaria's National Statistical Institute announced that the visitor arrivals from abroad decreased 12.7% year-over-year in June. The number of visitor arrivals totaled ...
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Cyprus Tourism Revenue Drops In May
Monday, the Statistical Service of the Republic of Cyprus said the tourism revenue decreased 17.3% year-over-year to EUR 158.1 million in May, compared to the 0.3% fall in the preceding ...
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Sasol to cut emissions, invest in solar power
Petrochemicals group Sasol, the world's leader in making motor fuel from coal, plans to reduce its carbon footprint by capturing its emissions, producing solar power and making its plants more ...
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Greenpeace says Europe smart power grid affordable
Revving up European power transmission networks to transport 90 percent of renewable energy by the year 2050 could be achieved at affordable sums, pressure group Greenpeace said in a study published on ...
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Valero shuts Texas HDS due to bad weather-filing
Valero Energy Corporation has shut a hydrodesulferization unit at its 340,000-barrel-per-day Corpus Christi refinery in Texas due to bad weather conditions, the company said in a filing with state regulators on ...
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 Asia shares dip in shift to safety
Asian shares fell on Friday and the dollar firmed as investors took profits on riskier assets after U.S. data raised fears that a global economic recovery could lose ...
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 Gold demand falls 34 percent in Q3: World Gold Council
Gold demand fell 34 percent in the third quarter as high prices weighed on investment flows and led to a slump in jewelry buying in key markets like India and the Middle East, a World Gold Council report showed on ...
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Google Chrome OS available now at a BitTorrent near you
Google Chrome OS open source version was released on Thursday and already programmers have turned the code into a test version of the new OS that is set to officially debut at the end of 2010. The working Chrome OS has already appeared on several peer-to-peer BitTorrent tracking sites, including ...
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 Ex-Vivendi CEO Messier testifies: Losses not fraud
Former Vivendi CEO Jean-Marie Messier told a U.S. jury he "never, never, never" committed fraud as he took the stand on Friday in a civil trial pitting international shareholders against the French conglomerate and former top ...
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Why people won't use Google Chrome OS
As more details of Google Chrome OS came out on Thursday, people already took to Twitter and blogs to voice their complaints with the new OS and shared why they won't be using it when it launches at the end of 2010. ...
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 Dell bets on corporate spending for recovery
Dell , the world's No.3 PC brand, said on Friday that its core business of selling computers to companies was returning, after a sharp drop-off during the global downturn led to disappointing quarterly ...
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U.S. lawmakers urged to drop clearinghouse owner cap
NYSE Euronext <NYX.N>, LCH.Clearnet, BATS Global Markets and other firms partnered with banks have urged two U.S. legislators to drop a proposed "rigid" cap on dealer ownership of clearinghouses, according to a letter sent this ...
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 Existing home sales seen at highest since July 2007
Sales of existing U.S. homes likely rose for second consecutive month in October, reaching their highest level since July 2007, according to a Reuters poll, as buyers scrambled to take advantage of greater affordability and a first-time home buyer tax ...
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 Cautious optimism as job losses slow
The pace of job losses slowed in many U.S. states in October, and the unemployment rate slipped in hard-hit Michigan, the Labor Department said on Friday, hinting the recession may be easing in some ...
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 U.S. layoffs fall in October
The number of mass layoffs reported by U.S. employers fell last month from September, a government report showed on Friday, suggesting job losses were close to ...
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India-IMF Deal: Tipping Point for Gold
India's deal to buy 200 metric tons (6.4 million troy ounces) of gold from the International Monetary Fund (IMF) is a huge deal – not just the fact that the New Delhi government is handing over $6.7 billion for the metal, but what it may mean for gold going ...
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 Rethinking the China Bubble
It has caused me to rethink the growing bubble in Chinese markets. And that we may have thought a bit too much, looking too closely at key economic fundamentals like electricity consumption and age demographics in the ...
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The Feds Have No Faith in Recovery
The stock market has enjoyed a significant rally since the end of the first quarter. The Bureau of Economic Analysis reported last week that the economy grew at a 3.5% annual rate in the third quarter--a ...
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 Ferrero, Hershey weigh Cadbury split - source
Cadbury Plc suitors Ferrero and Hershey Co have weighed breaking the UK confectioner up into separate businesses as part of a friendly, all-cash bid, a source familiar with the situation said on ...
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 Shoppers going green despite struggling economy
Despite the worst U.S. recession in decades, sales of organic and sustainable products have continued to grow, experts say, with shoppers willing to spend a few more dollars in a bid to become more ...
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 Vodafone seeks extension for India tax claim reply
Vodafone has sought an extension until Jan. 29 to reply to a tax claim notice issued last month by the Indian tax department, Junior Finance Minister S.S. Palanimanickam said on Friday in a written reply to question in ...
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Stocks dip as investors fret about recovery
U.S. stocks fell for a third straight day on Friday as investors took weaker-than-expected results from computer maker Dell <DELL.O> and homebuilder D.R. Horton <DHI.N> as a further sign that the recovery would be ...
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Stocks dip as investors weigh recovery bets
U.S. stocks fell for third straight day on Friday as investors took weaker-than-expected results from computer maker Dell and homebuilder D.R. Horton as a further sign that the recovery would be ...
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What the Heck is Going on During Mondays Lately? Always Up
I've noticed Mondays have been very strong lately; the past few weeks government officials worldwide reiterated stimulus, money printing, and more stimulus - first in the G20 (2 weekends ago) and then in Asia (last weekend). But then I thought back and it seemed like every Monday we seem to ...
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NYT: With FHA Help, Easy Loans in Expensive Areas
Let me take you back to a time... a simpler, gentler era known as 2006. Money was easy, banks were giddy with their chance to throw dollars in every direction.Let me take you forward 3 years. Replace the words 2006 with 2009, and banks with US taxpayer. We not only have not only ...
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Google Chrome OS available now at a BitTorrent near you
Google Chrome OS open source version was released on Thursday and already programmers have turned the code into a test version of the new OS that is set to officially debut at the end of 2010. The working Chrome OS has already appeared on several peer-to-peer BitTorrent tracking sites, including ...
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