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Germany seeks assurances on loan for Quelle

The German government wants additional assurances before giving its support to a special state-backed loan for Arcandor's mail order unit Quelle, Economy Minister Karl-Theodor zu Guttenberg said.

Ahmadinejad tells Obama not to interfere in Iran

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President Mahmoud Ahmadinejad called on Barack Obama on Thursday not to interfere in Iran's internal affairs after the U.S. president said he was appalled and outraged by post-election violence in the Islamic state.

Ahmadinejad compares Obama to Bush

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President Mahmoud Ahmadinejad accused Barack Obama on Thursday of behaving like his predecessor toward Iran and said there was not much point in talking to Washington unless the U.S. president apologized.
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Daily Commentary - 25/06/2009

The Australian Dollar opens marginally higher from this time yesterday at 0.7965 after another 24-hour session in which most of the action happened offshore.
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World's rich lost 20 percent of wealth in 2008: study

The world's rich lost a fifth of their wealth in 2008 and the number of people with fortunes of more than $1 million fell 15 percent as the financial crisis wiped out two years of growth, a study showed on Wednesday.
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Iran says may downgrade ties with Britain-report

Iran's foreign minister said on Wednesday Tehran was reviewing whether to downgrade ties with Britain, which Iran has accused of interference in its disputed presidential election, the ISNA news agency reported.
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Putin sees France's Total in new projects in Russia

Total emerged as Russia's favoured energy partner on Wednesday, with Prime Minister Vladimir Putin inviting the French major to take part in some of its largest gas projects after meeting its chief executive.
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Khamenei vows no retreat on Iran election result

Iran's Supreme Leader Ayatollah Ali Khamenei declared on Wednesday that a disputed election result would stand, despite street protests that Iranian officials say Britain and the United States have incited.
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Daily Commentary - 24/06/2009

The Australian Dollar opens higher on Wednesday at 0.7935 after a renewed bout of greenback weakness overnight as concerns swept offshore markets that the US Federal Reserve may hose down expectations of an interest rate increase this year in an attempt to lower borrowing costs.
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Iran cracks down as reformists call for mourning

A security crackdown appears to have quelled street rallies against Iran's disputed poll, but the leadership faced a new challenge on Wednesday from calls by reformist clerics for national mourning for dead protesters.
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Thomson Reuters UK delisting to force stake sales

Thomson Reuters' plan to cancel its London Stock Exchange listing prompted a jump in its shares on Tuesday, but the rally was tempered by fears some large UK shareholders will have to cut or sell their stakes.
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Moody's eyes U.S. debt path when mulling AAA rating

Moody's Investors Service said on Tuesday that the U.S. government's triple-A credit rating was safe but added that it could be at risk if Washington were unable to bring its public debt back to a downward trajectory.
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U.S. credit rating a solid triple-A: Moody's

Moody's Investors Service said on Tuesday that the U.S. government's triple-A credit rating was safe but added that it could be at risk if Washington were unable to bring its public debt back to a downward trajectory.
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Brown pledges new aid to Zimbabwe

Britain pledged 5 million pounds to Zimbabwe Monday but made clear more reforms were needed before it would start large-scale development aid to the shattered country.
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Anglo jumps after Xstrata seeks merger talks

Shares in Anglo American Plc jumped as much as 12 percent on Monday after rival Xstrata Plc sought talks about a merger of equals to better compete in a consolidating mining sector.
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Streaming music service Spotify basks in praise

At first glance, Spotify isn't much different from other on-demand streaming music services. It includes roughly the same library of songs, pays the same per-stream licensing fees for music and contends with the same poor ad-sales environment.
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Britain gives way on EU financial plan

A deal reached by European Union leaders broke a deadlock on bank supervision reform on Friday, overcoming British reservations, but leaving much detail still be worked out in practice.

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