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Dollar skids on Gulf oil report, Asia shares up

The dollar skidded against the euro and the yen on Tuesday after a British newspaper reported that Arab states were in talks to end using the dollar for oil trading, but Asian shares rose as U.S. services sector data lifted investors' mood.

Gulf in talks on replacing U.S.$ for oil: report

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Britain's The Independent newspaper said on Tuesday that Gulf Arab states were in secret talks with Russia, China, Japan and France to replace the U.S. dollar with a basket of currencies in the trading of oil.

Gulf in talks on replacing US$ for oil: report

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Britain's The Independent newspaper on Tuesday reported that Gulf Arab states were in secret talks with Russia, China, Japan and France to replace the U.S. dollar with a basket of currencies in the trading of oil.
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JAL to shelve talks with Delta, American: report

Japan Airlines Corp (JAL) plans to put on hold tie-up talks it has been holding separately with Delta Air Lines and AMR Corp's American Airlines, Japan's Kyodo news agency reported on Monday.
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Mazda to raise $1.1 bln, narrows loss forecast

Japan's Mazda Motor Corp (7261.T) said it would raise up to $1.1 billion in a share sale and invest most of the funds to develop hybrid and other technologies in what analysts said was a long-overdue bid to close the gap with rivals.
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UK prepared to discuss support for Vauxhall-minister

British Business Secretary Peter Mandelson said on Monday he was prepared to discuss support for Vauxhall with parent Opel's new owners, Magna (MGa.TO), noting that representatives from the Canadian auto parts supplier were due in Britain this week.
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World stocks flirt with gains, dollar slips

World stocks flirted with gains after two sessions of losses on Monday with Japan's Nikkei hitting an 11-week closing low but Europe climbing and Wall Street looking set for a positive start.
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Recovery concerns weigh on stocks, dollar

Asian stocks fell to a three-week low on Monday as soft U.S. jobs data heightened investor caution ahead of the third-quarter corporate results season, while speculation of an early interest rate hike boosted the Australian dollar.
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GLOBAL MARKETS-Recovery concerns weigh on stocks, dollar

Asian stocks fell to a three-week low on Monday as soft U.S. jobs data heightened investor caution ahead of the third-quarter corporate results season, while speculation of an early interest rate hike boosted the Australian dollar.
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Former Japan finance minister found dead

Former Japanese finance minister Shoichi Nakagawa, who resigned his key post after being forced to deny he was drunk at a G7 news conference in February, has died, Tokyo police said on Sunday.
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G7 presses for stronger yuan

The Group of Seven rich nations urged China on Saturday to strengthen the yuan, but gave no sign of how it might overcome Chinese resistance to that suggestion or resolve other tensions over global currency rates.
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G7 presses for stronger yuan, breaks no new ground

The Group of Seven rich nations urged China on Saturday to strengthen the yuan, but gave no sign of how it might overcome Chinese resistance to that suggestion or resolve other tensions over global currency rates.
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G7 grapples with exchange rates and own future

Financial officials of the Group of Seven rich nations, which dominated global policymaking for decades, were set Saturday to discuss a diminished future for their group as it grappled with tensions over currency rates.
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Indonesia quake obliterates villages, aid needed

Rescue teams pushed deeper into Indonesia's earthquake-hit Sumatra on Saturday, finding entire villages obliterated by landslides and survivors desperate for aid three days after the tremor.
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G7 better forum for discussing forex--BOJ governor

Group of Seven financial ministers and central bank governors will likely discuss the economic and financial developments that are behind recent currency moves at their meeting this weekend, Bank of Japan Governor Masaaki Shirakawa said on Friday.
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U.S. to give Japan time to assess troop rejig deal: envoy

The United States wants to give Japan's new government time to review a contentious agreement on rejigging U.S. troops in the country, but thinks an existing deal is the best solution, U.S. ambassador John Roos said on Friday.
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Wal-Mart sees slow U.S. business recovery

Wal-Mart Stores Inc, the world's biggest retailer, sees a slow recovery from challenging U.S. business conditions, while its Asia operations are a little better, its Chairman Rob Walton said on Friday.
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Stock futures down ahead of employment data

U.S. stock index futures slipped on Friday as cautious investors awaited a key monthly employment report after other data this week suggested the nascent economic recovery may be losing momentum.
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Asia shares skid, dollar firm before payrolls data

Asian shares fell on Friday as disappointing U.S. manufacturing data raised concern that its economic recovery may not be as fast as thought, while the dollar remained firm as investors booked profits on gains in higher-yielding currencies.

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