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Dubai struggles to ease debt default fears

Dubai struggled to ease fears of debt default on Thursday after its move to delay repayments at two flagship firms shook confidence in the Middle East as a center for investment and a source of capital.

No Thanksgiving rest for retailers in sales race

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U.S. shoppers may stretch tight budgets this year to reward loved ones after months of thrift, a softening of heart that store chains hope will erase the holiday season sales debacle of 2008.
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Daily Forecast - 27/11/2009

The Australian Dollar opens lower today at 0.9140 after a volatile local session on Thursday. The Aussie's foray above US93 cents due to a weak greenback was short-lived after the release of third-quarter capital expenditure data which fell 3.9 per cent. The unit fell sharply to an intraday low of 0.9230 ahead of a move back up to 0.9245 heading into European trade. In offshore trade, the unit moved between a high of 0.9245 down to 0.9100 on renewed risk aversion, however volumes were far thinn...
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South Korea launches WTO dispute against U.S.

South Korea has launched a dispute at the World Trade Organization against the United States over U.S. measures to raise prices on imports of steel, a South Korean embassy official said on Thursday.
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Dubai debt fears hammer stocks

Debt problems in Dubai hit financial markets across the board on Thursday, sinking global stocks, helping lift safe-haven bonds and taking the dollar up from a 14-year low against the yen.
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One year after, India remembers Mumbai attacks

Mumbai held tearful memorials and police staged a show of strength on Thursday as India's financial hub marked the first anniversary of militant raids that killed 166 people and ratcheted up tensions with Pakistan.
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German military chief resigns over Afghan air strike

The head of the German armed forces Wolfgang Schneiderhan has resigned over reports the military withheld information about a September 4 air strike in Afghanistan believed to have killed dozens of civilians.
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IAEA to vote on demand Iran freeze new nuclear site

World powers are demanding that Iran immediately mothball a uranium enrichment site it hid for years, heightening fears it is planning to build atom bombs, in a resolution to be voted on by U.N. nuclear watchdog governors.
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China unveils carbon target ahead of Copenhagen

China has unveiled its first firm target to curb greenhouse gas emissions, laying out a carbon intensity goal on Thursday that Premier Wen Jiabao will take to looming climate talks as his government's central commitment.
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Dollar up from 14-yr low vs yen; Dubai supports

The dollar rebounded from a 14-year low against the yen on Thursday as traders betting against the dollar seized on the broad risk reduction prompted by Dubai's debt problems to cash in on its recent slide.
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Dubai debt worry stirs cautious investors

Debt problems in Dubai weighed on stocks, helped lift bonds and stirred currency trades on Thursday, as the dollar hit a 14-year low against the yen and gold climbed to a new record high.
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Iraq to counter lies, show successes via YouTube

Iraq's government launched its first channel on Google Inc's video website YouTube on Wednesday, which the prime minister said would allow the country to counter media lies and showcase its successes.
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BHP denies Rio backsliding on iron ore tie-up

Global miner BHP Billiton dismissed talk on Thursday that rival Rio Tinto was baulking at a proposed $116 billion joint venture in iron ore, insisting the two were close to a binding agreement.
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Toyota to fix gas pedals on 4 million vehicles

Toyota Motor Corp will fix the accelerator pedals in 4 million cars and trucks to address a safety issue linked to bursts of sudden acceleration and deadly accidents, the company and the U.S. government said on Wednesday.
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Israel announces partial settlement freeze

Israel announced on Wednesday it was limiting settlement construction for 10 months to try to revive peace negotiations with the Palestinians, but they said the step fell short of their terms for talks.

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