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IGC revises up global rice stocks for 2009-10

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Global rice ending stocks for 2009-10 are expected to be 90.4 million tons against the early estimation due to the lower export by the major growers, said International Grain Council. However, the global rice production is projected to decline in 2009-10 owing to poor output in countries such as India, where worst drought impacted the production, IGC noted.
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Wall Street futures point to firmer open

Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 rose 0.4 to 0.5 percent, pointing to a firmer start on Wall Street on Wednesday, after steep losses in the previous session.
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Silver to beat gold in 2010

Good monsoon, high gold prices and global trends may help silver outperform the yellow metal in India.Indians love to possess silver in their homes and after gold silver is the most sought after metal in Indian households for jewellery. Since gold prices are touching Rs 19,000 per 10 gm, many rural families are now switching to silver.
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BofA reclaims top spot, ICBC leads profit: study

Bank of America has leap-frogged U.S. rival JPMorgan to rank as the world's top bank in terms of capital strength while Industrial and Commercial Bank of China tops the profit league, according to a new study.
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Wall St sinks as economic alarm escalates

Investors fled the U.S. stock market on Tuesday and the S&P 500 tumbled to its lowest level in eight months in a sell-off triggered by a wave of increasing alarm over the global economic outlook.
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GM trumpets its turnaround to investors

General Motors has revamped the way it operates, with sharply lower costs, stronger brands and gains in key emerging markets like China, Chief Executive Ed Whitacre said in a pitch for the company's planned IPO.
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Wall St sinks on economic alarm

Investors fled the U.S. stock market on Tuesday and the S&P 500 tumbled to its lowest level in eight months in a sell-off triggered by a wave of increasing alarm over the global economic outlook.
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Pre-IPO GM pitches gains in turnaround

General Motors , in the year since emerging from bankruptcy, has revamped the way it operates, with sharply lower costs, stronger brands and gains in key emerging markets like China, Chief Executive Ed Whitacre told potential investors on Tuesday.
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Wall St slumps as economy fears resurface

Stocks tumbled on Tuesday after a sharp drop in consumer confidence and on fresh concerns over euro-zone fiscal problems ahead of massive bank repayments to the European Central Bank this week.
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Euro zone and China fears hit Latam currencies

A toxic combination of European banking concerns, a downward revision to Chinese growth and poor U.S. economic data battered Latin American currencies on Tuesday. Brazil's real was hit the hardest, plunging to its weakest level in about two weeks, as investors fled higher-risk assets worldwide.
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Google tweaks rerouting in fight for China business

Google Inc said on Tuesday it will stop automatically rerouting users in China to an uncensored search page, a move that aims to preserve its operating license and signals a fight to save the firm's Chinese business.
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Google tweaks China queries, license renewal looms

Google Inc said it will stop automatically redirecting Web searchers in China to an uncensored portal in Hong Kong as it hopes to convince Beijing to renew its operating license in the world's largest Internet market.
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Yuan weakens vs dollar, volatility remains healthy

The yuan CNY=CFXS weakened slightly against the dollar in the onshore spot market and offshore forwards on Tuesday as investors saw little opportunity for the Chinese currency to appreciate sharply in the near term after the end of the G20 summit over the weekend.
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World stocks fall as bank funding worries intensify

World stocks hit a 2-1/2 week low on Tuesday while oil and the euro also slipped as investors grew nervous over the funding situation of banks about to repay 442 billion euros ($545.5 billion) to the European Central Bank.
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Stock index futures signal sharp losses

Stock index futures pointed to a sharply lower open on Wall Street on Tuesday, with futures for the S&P 500 down 1.4 percent, Dow Jones futures down 1.1 percent and Nasdaq 100 futures down 1.4 percent at 0930 GMT.
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Asia shares slip while debt puts euro on defensive

Asian stocks fell on Tuesday and were on course for their worst quarterly performance since the end of 2008, while funding concerns in the euro zone sent the single currency tumbling to a record low against the Swiss franc.
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Yuan steadies vs dollar, volatility remains healthy

The yuan was little changed against the dollar in the onshore spot market and offshore forwards on Tuesday as investors saw little opportunity for the Chinese currency to appreciate sharply in the near term after the end of the G20 summit over the weekend.

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