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Nikkei falls most in 3 wks; oil and Astellas weigh

Japan's Nikkei average lost 1.5 percent on Tuesday, its biggest one-day percentage fall in three weeks, as trading houses fell after oil slid and Astellas Pharma (4503.T) was hurt by a brokerage downgrade. Blue-chip exporters such as Honda Motor Co (7267.T) also dragged on the market after U.S. stocks fell on chances that lawmakers may let a federal home buyer tax credit expire, raising fears the U.S. housing industry may lose a crucial incentive that has spurred hopes of stabilisation in recent...

Senate panel kicks off climate bill drive

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A Senate committee on Tuesday launches three long days of hearings on a Democratic climate bill in a bid to further convince an international summit in December that Washington is serious about tackling global warming.

Futures edge up as earnings, data awaited

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Stock index futures edged higher on Tuesday following a two-day selloff as investors digested more corporate results and key data on consumer sentiment and home prices.
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Global stocks slump, Europe bucks trend

Emerging market and Japanese shares fell sharply on Tuesday after an overnight sell off on Wall Street, but the retreat failed to boost the dollar which fell after the previous sessions' gains.
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Oil pauses below $79 ahead of inventory data

Oil paused below $79 a barrel on Tuesday, steady after three straight days of decline as investors awaited new leads from equities markets and weekly crude inventory data from the United States.
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Goldman Sachs says dark pools help investors

Anonymous trading venues known as dark pools are a technological evolution that have benefitted both institutional and retail trading by bringing down transaction costs, Goldman Sachs Group Inc said in a memo to the Securities and Exchange Commission.
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UBS looks to bolster U.S. unit with new head

UBS has appointed Merrill Lynch veteran Robert McCann to head its Americas wealth management unit in a bid to rebuild the franchise which has been battered by a damaging tax row.
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Asia shares fall, dollar gives up early gains

Asian shares fell on Tuesday as investors worried that an eventual withdrawal of economic support measures could undermine global recovery while the dollar gave up early gains as short-covering receded.
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Oil hovers below $79, market seeks cues on economy

Oil steadied at below $79 a barrel on Tuesday, pausing after three straight days of decline, as investors awaited fresh leads from the equities market as well as more economic data to gauge the pace of the global economic recovery.
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Asia shares dip, weak oil hits resource firms

Asian shares followed Wall Street lower on Tuesday with resources stocks under pressure as the price of oil stayed below $79 and with investors growing increasingly worried about the recovery of the world economy.
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Kansas City UAW plant workers reject Ford contract

Union workers at Ford Motor Co's Kansas City assembly plant overwhelmingly rejected proposed contract changes that include a no-strike provision on wages and benefits, the local president said on Monday.
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SEC eyes volatility in high-frequency trading

U.S. regulators looking into high-frequency trading have asked the industry if institutions are flocking to so-called dark pools and increasing market volatility, sources familiar with the SEC's line of questioning said on Monday.
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Wall Street sinks on home builder fears, financials

U.S. stocks fell for a second straight session on Monday as investors ditched home builders and financials on fears lawmakers may let a federal home buyer tax credit expire, while commodity shares succumbed to pressure from the higher U.S. dollar.
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U.S. seeks light sentence for UBS client in tax case

The U.S. government asked for a reduced sentence on Monday for a former American client of UBS AG who pleaded guilty to tax evasion but provided information leading to the indictment of a Swiss banker and a Zurich lawyer.
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Ex-Bear Stearns man wins email ruling at U.S. trial

Former Bear Stearns hedge fund manager Matthew Tannin won a round during his trial in New York on fraud charges on Monday when a judge ruled the jury cannot see a personal email in which he wrote about his fears of a blow up risk for investors.
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T-Mobile USA unveils no-contract option

T-Mobile USA has started offering new service plans including the option of signing up for unlimited services without committing to a long-term service contract as it looks to regain ground lost to rivals.
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Ex-Bear Stearns manager wins email ruling

Former Bear Stearns hedge fund manager Matthew Tannin won a round during his trial in New York on fraud charges on Monday when a judge ruled the jury cannot see a personal email in which he wrote about his fears of a blow up risk for investors.

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