CHINA

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New York factories gain but China sells U.S. debt

A New York state manufacturing gauge published on Tuesday hit its highest level since October this month, while sentiment among home builders rose more than expected, signaling continued improvement in the U.S. economy.

Oil rises above $75 as dollar dips

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Global oil prices recovered in European trade Tuesday mainly after the dollar dropped, reducing the appeal of commodities as an alternative investment. Light sweet crude for March delivery was seen trading at $75.34 a barrel at 4.00 p.m Indian time while Brent crude was at $73.95 a barrel at the same time. Crude oil advanced as the euro strengthened against the dollar, reducing the appeal of commodities as an alternative investment.
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Iraq has top terror risk, Thai danger up: ranking

Iraq is the country most at risk from terrorist attacks for the second straight year, according to a ranking by global analysts Maplecroft, while Thailand has joined the nine countries most in danger for the first time.
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Economy dogs N.Korea's brilliant Kim on birthday

North Korea celebrated leader Kim Jong-il's birthday on Tuesday with synchronised swimmers glorifying the kind-hearted father of the reclusive state while it made overtures for dialogue with its foe the United States.
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Euro near lows; Dubai debt fears rise

The euro held near a nine-month low against the dollar on Tuesday, with all signs that euro zone policymakers will focus on making Greece fully implement budget cuts rather than gifting it swift financial aid.
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FTSE up 0.8% as banks, commods rally; U.S. closed

Britain's top share index gained 0.8 percent by midday on Monday, as banks and commodities rallied following the previous session's falls and British Airways climbed on hopes of a global alliance.
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France denies Iran given new fuel swap proposals

Iran is studying proposals from the United States, Russia and France on a nuclear fuel swap, an Iranian news agency reported on Monday, but Paris said the only valid offer was an existing deal that Tehran has yet to accept.
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Daily Forecast - 15/2/2010

The Aussie dollar collapsed in early European exchange following the announcement from the PBOC to lift the reserve ratio required by banks by 0.5%, a move aimed at limiting asset bubbles which will also have the effect of slowing economic growth in China.
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Wen warns of challenges as China welcomes new year

Chinese Premier Wen Jiabao warned his people to keep a sober mind about the challenges ahead in the new year as the country welcomed the arrival of the Year of the Tiger with noisy celebrations on Saturday.
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Stock market dips on China and EU worries

U.S. stocks finished slightly lower on Friday as China took another step towards monetary policy tightening and Europe reported a weaker than expected Gross Domestic Product (GDP).
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Retail sales rise brightens recovery picture

Sales at retailers were unexpectedly strong last month, suggesting consumers were feeling a little more comfortable to spend and improving prospects for first-quarter economic growth.
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FOREX-Euro slides on Greek woes; China news hits risk assets

The euro fell to a nearly nine-month low against the U.S. dollar on Friday as questions persisted about a rescue deal for debt-stricken Greece, while higher-yielding currencies weakened after China unexpectedly raised bank reserves. The euro headed for its fifth weekly drop versus the safe-haven greenback as a lack of details in Thursday's pledge by the European Union to help Greece fanned fears of a wider euro zone debt crisis.
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Full Winter Olympics TV Schedule 2010

The Vancouver Olympics kicks off tonight, and already more than 60,000 people are there to witness the Olympic cauldron being lit in BC Place stadium during the opening ceremony. Below is a breakdown of the Full Olympics Schedule of 2010:
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Retail sales brighten recovery picture

U.S. consumer confidence slipped in February, but a stronger than expected rise in retail sales last month suggested households were feeling a bit more comfortable to spend and sustain the economic recovery.

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