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Bernanke: Economy Has Slowed, But Likely to Pick-up

Fed Chairman Ben Bernanke
The head of the world's most powerful central bank essentially stuck to the bank's latest U.S. economic forecast in his news conference with reporters Wednesday: the U.S. economy slowed in Q2, but growth is likely to pick-up in the second half of 2011.
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Stocks priced too low: Goldman's Cohen

Wall Street investors are a bit more pessimistic than they should be despite a host of negative factors such as a weak U.S. economy and high energy costs, Goldman Sachs strategist Abby Joseph Cohen said.
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Fete de la Musique brings light back to Vancouver’s spirits

Fete de la Musique brings light back to Vancouver’s spirits

On June 21, starting at dusk, over 150 musicians featured performances along Water Street in Gastown. Every kind of music was heard - from jazz, classical, and acoustic to heavy metal, indie and pop. Founded in France in 1982, throughout the years Fete de la Mausique has become an international musical festival celebrated in Canada, the USA, Germany, Italy, Egypt, Syria, Morocco, Australia, Vietnam, Congo, Cameroon, Fiji, Colombia, Chile, Nepal, and Japan.
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Yahoo, Alibaba, Softbank say making progress on Alipay

Yahoo Inc, China's Alibaba Group and Japan's Softbank Corp said on Wednesday they have made substantive and encouraging progress toward an agreement over the ownership of the Chinese company's Alipay e-payment unit.
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Euro stabilizes after Greek vote, Fed eyed

The euro stabilized on Wednesday and Asian shares rose after the Greek government won a vote of confidence as expected, prompting investors to shift focus to the U.S. Federal Reserve's news conference due later in the day for further cues.
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Qantas sees higher 2011 earnings but international loss

Qantas Airways expects its full-year earnings to come in close to market expectations but faces heavy losses on international routes and continues to grapple with rising fuel prices and flight disruptions, it said on Wednesday.
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Australia unveils cybercrime laws to combat global threat

Australia's government unveiled legislation on Wednesday to crack down on cybercrime in the wake of recent cyber attacks on multinational companies and institutions, from Google to the International Monetary Fund and the U.S. Senate.
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Adobe sees weakness in Europe, shares dip

Adobe Systems Inc reported on Tuesday a 54 percent jump in quarterly net profit and held on to its sales growth target, but warned of weakness in demand for its applications in Europe.
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Chinese banks falter as slowdown, tightening bite

Shares of major Chinese lenders China Construction Bank <0939.HK> and Agricultural Bank of China <1288.HK> fell to multi-month lows on Tuesday, hit by potentially souring loans, an economic slowdown and tighter capital requirements.
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Euro up slightly, Greek confidence vote awaited

The euro inched up in choppy trading on Tuesday on hopes that squabbling policymakers will come up with a solution to avoid a debt default by Greece, sentiment that also buoyed Asian shares.
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1.3 Million Sega Customer Accounts Compromised

Sega Corp.'s database has been hacked. The multinational video game developing company headquartered in Tokyo, Japan has sent an email to users to notify Sega Pass system users that their emails, dates of birth and their passwords were compromised by hackers. The stolen passwords were encrypted.
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Embraer sees chances of Delta order

Brazilian planemaker Embraer sees good chances of firm orders from U.S. carrier Delta Air Lines, which will likely make a decision to renew its fleet by October, a top company executive told Reuters on Monday.

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