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Euro zone hopes Greece deal will impress market

Euro zone leaders received a cautious stamp of approval from financial markets on Friday for their agreement to create a safety net with the International Monetary Fund to help debt-ridden Greece.

Daily Forecast - 26/3/2010

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The Aussie dollar clawed back some of its losses in Asia yesterday climbing back above 91 cents as commodity prices steadied and the RBA painted a positive picture of the Australian economy.

British parties imitate Obama in e-election

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U.S. President Barack Obama's use of the Web on his way to the White House in 2008 has inspired British political parties to ramp up their digital campaigns for a general election expected in May.
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The Dollar Prophecy: What the Surging US Dollar Signals for Global Equities

Over the past 18 months, the inverse relationship between the US dollar and global equities markets has proven to be the single constant in an otherwise uncertain economic climate. When equities markets reached their nadir in March, 2009, the US dollar was sitting atop its highest levels, though much of that value would be lost in the equities-rebound that would follow.
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Rio trial ends, verdict could take some time

The trial of four Rio Tinto executives ended in Shanghai on Wednesday, with three contesting charges of stealing commercial secrets in a case that has highlighted China's sensitivities over its rich steel sector.
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Greece woes push euro to 10-month low

The euro sank to a 10-month low against the dollar and a lifetime trough versus the Swiss franc on Wednesday as speculation Greece may have a difficult time securing debt aid highlighted instability in the euro zone.
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Euro struggles at 10 month lows, Greece drags

The euro hit 10-month lows against the U.S. dollar on Wednesday as investors doubted a solution for Greece's fiscal woes was on the cards, with the cautious mood holding Asian stocks below two-month highs.
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Daily Forecast - 24/3/2010

The Aussie dollar continued to pull back in early offshore trade weighed down by persistent selling in EUR/USD to eventually find a bottom around 0.9135 against the Greenback.
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Fans flock to SXSW festival in record numbers

For fans that crowded into Austin's streets, clubs and even churches last week, the South by Southwest Festival was about drinking a lot of beer, eating barbecue and hearing some of the world's hottest bands.
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No trademark infringement by Google: EU court

Google has not violated the rights of luxury goods maker Louis Vuitton and two other firms by allowing online advertisers to buy search keywords identical to trademarks, Europe's top court said.
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Fans flock to Texas SXSW festival in record numbers

For fans that crowded into Austin's streets, clubs and even churches last week, the South by Southwest Festival was about drinking a lot of beer, eating barbecue and hearing some of the world's hottest bands.
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UK Internet TV project submits plans to watchdog

Britain's consumer watchdog is to investigate plans for a proposed joint venture aimed at giving Internet access to digital TV in a move that will allow critics such as pay-TV firms to voice concerns.
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Investor demand surges for platinum, palladium ETFs

Since their tumble in early February platinum and palladium prices have been extremely strong. From a low of $1,475/oz on 5 February, platinum gained steadily to hit $1,624/oz by 16 March, a gain of 10% and just shy of the $1,627/oz it fixed at in January. Palladium did even better, rising from a low of $395/oz on 5 February to hit $475/oz by 8 March, 20% up from its low, and beating its January high - indeed it's the highest fix for palladium since the same $475/oz seen on 20 June 2008.
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Microsoft's browser loses market share in Europe

Microsoft's Internet Explorer has lost market share in major European markets, such as France, Britain and Italy, after the U.S. software firm started to make it easier for European consumers to use competing browsers.
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UK to launch $3 billion green investment bank

The Labour government will unveil a 2 billion pound ($3 billion) green investment bank in Wednesday's budget to help Britain's transformation to a low carbon economy, a government source said on Sunday.
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Daily Forecast - 22/3/2010

With a severe lack of confidence that a Greek rescue package would eventuate commodities, in particular gold, were sold off aggressively during Friday's offshore session.
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Pope's shame and remorse over Irish child sex abuse

Pope Benedict apologized on Saturday to victims of child sex abuse by clergy in Ireland and ordered an official inquiry there to try to stem a scandal gripping the Catholic Church which has swept across Europe.
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FOREX-Euro falls vs dollar as Greek worries linger

The euro fell on Friday over doubts Greece would win euro-zone aid, capping its worst week since January, and concerns about the UK economy hit sterling. A report on Thursday that Greece saw limited prospects for euro-zone assistance raised concerns about the country's ability to service its debt. On Friday, the euro fell as far as $1.3502, its lowest level in more than two weeks. It was down 1.7 percent this week, its worst showing since late January.
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Lloyds says to return to profit this year

Bailed out British lender Lloyds Banking Group said on Friday it would return to profit this year thanks to a bigger than expected drop in bad debts, wrong-footing forecasts for another loss and sending its shares sharply higher.

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