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Asia shares up off 3-month lows

Resource stocks lifted Asian shares off three-month lows on Tuesday after strong U.S. manufacturing data raised hopes the global economic recovery was on a firmer footing.

Toyota seeing sales hit from recall

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Toyota Motor's unprecedented recall of millions of vehicles with faulty accelerators is already taking a toll on its sales and may force it to cut 2010 sales forecasts.
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U.S. seeks calm as China fumes over Taiwan arms

Chinese state media blasted the United States on Monday for a planned $6.4 billion arms package for Taiwan but U.S. officials said they hoped the flap would be temporary and not derail cooperation.
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Jan retail sales seen up, clues sought on Q1

January sales at top U.S. retail chains should rebound into positive territory from last year's decline as shoppers redeemed holiday gift cards and retailers avoided drastic clearance sales.
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Toyota details safety fix in U.S., shares jump

Toyota Motor Corp shares jumped more than 5 percent on Tuesday after it detailed plans to fix nearly 4.5 million vehicles equipped with faulty accelerators in North America and Europe.
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Oil tops $75 on optimism about U.S. recovery

Oil rose for a second day on Tuesday and accelerated gains after reaching $75 on optimism that the U.S. economy has turned the corner following strong manufacturing data for January.
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Toyota details safety fix, damage claims mount

Toyota Motor Corp on Monday began shipping parts to fix faulty accelerators in nearly 4.5 million vehicles in North America and Europe, and said it would restart North American production on February 8 after an unprecedented shutdown prompted by the problem.
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Manufacturing expands but shows few job gains

U.S. manufacturing expanded in January at its fastest pace since 2004 but consumers increased their spending only slightly in December, worried by job prospects and the state of the economy.
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Oil rises over $75 on weaker dollar

Oil prices rose to $75 a barrel on Monday as support from a weaker dollar, higher U.S. stocks, and an oil spill in Texas which limited crude oil deliveries to some U.S. refiners.
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Daily Forecast - 2/2/2010

This morning the AUD opens higher at 0.8906 against the greenback regaining more than 1% from an intraday low of 0.8787 on Monday.
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All eyes on Toyota for January U.S. auto sales

Toyota Motor Corp's massive recall and sales halt of its best-selling vehicles will overshadow an expected industry increase in U.S. auto sales for January over the deeply depressed month a year ago.
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Obama's 2010 budget: deficit soars amid job spending

President Barack Obama pledged on Monday to halve a record 2010 budget deficit by the end of his first term in office, but made tackling double-digit unemployment his immediate priority with a spending plan that risked public ire and a rough battle in Congress.
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55 nations set 2020 carbon goals since Copenhagen

Fifty-five nations accounting for almost 80 percent of world greenhouse gas emissions have set national goals for fighting climate change by a deadline in the Copenhagen Accord, the United Nations said on Monday.
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Wall Street gains on ISM data, Exxon earnings and Apple

Stocks rose on Monday as better-than-expected data on the manufacturing sector and earnings from Exxon Mobil reassured investors that economic growth is on track, after stocks suffered their worst month in almost a year.

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