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Crisis shows need to right imbalances: Bernanke

The financial crisis has spotlighted the importance of dealing with global imbalances in trade and capital flows, Federal Reserve Chairman Ben Bernanke said on Sunday at a Fed conference on Asia.
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Verizon offers discounts to compete with cable

Verizon Communications is advertising new discounts on Monday for customers who sign up for four of its telecommunications services, as it looks to recoup market share from cable rivals in the holiday shopping season.
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Daily Commentary - 19/10/2009

After rallying to an intraday high above 0.9250 in Asia on Friday risk appetite waned somewhat sending the Aussie dollar back below 92 cents in offshore trade.
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U.S. must live within its means: Geithner

The United States must live within its means once its economy recovers if it is to preserve global confidence in the U.S. dollar's status, Treasury Secretary Timothy Geithner said on Friday.
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North Korea hoping for summit with South: official

North Korea has been seeking a summit between the leaders of the rival Koreas, an official in Seoul said on Sunday, marking another step in its attempts to reach out to the world after being hit by U.N. sanctions.
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Pakistani forces battle Taliban in S.Waziristan

Pakistani forces exchanged heavy fire on Sunday with Taliban defending their heartland, a day after launching an offensive aimed at bringing the writ of the state to lawless lands on the Afghan border.
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Industry warns of consequences of dark pool reform

Sweeping rule changes meant to shed light on so-called dark pools, where stock-trading is done anonymously, could ultimately hurt the traditional investors that regulators are trying to empower, trading executives warned over the past few days.
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Germany says EU concerns don't endanger Opel deal

Economy Minister Karl-Theodor zu Guttenberg expressed confidence on Saturday that Germany could address EU concerns about a sale of carmaker Opel to Canada's Magna, saying they did not put the deal at risk.
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GM CFO search complicated by US pay rules: report

General Motors Co's bid to find an outsider to replace its chief financial officer is being complicated by pay restrictions imposed on companies that got big U.S. government bailouts, The Wall Street Journal said on Saturday.
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Pay rules complicate GM CFO search: report

General Motors Co's bid to find an outsider to replace its chief financial officer is being complicated by pay restrictions imposed on companies that got big U.S. government bailouts, The Wall Street Journal said on Saturday.
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GM CFO search complicated by U.S. pay rules: report

General Motors Co's bid to find an outsider to replace its chief financial officer is being complicated by pay restrictions imposed on companies that got big U.S. government bailouts, The Wall Street Journal said on Saturday.
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Venezuelan funk band to play with L.A. Philharmonic

Los Amigos Invisibles, the Venezuelan funk band from Caracas that relocated to Brooklyn more than eight years ago, will celebrate its 20th anniversary in 2011. But the party has already started, with the group enjoying an ever-growing following throughout Mexico, South America and its adopted home country.
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Toys R Us facing antitrust probe: report

Toys R Us is facing a U.S. antitrust probe over whether the toy retailer used its market clout to stifle discounting by retail competitors and force consumers to pay higher prices for baby products, the Wall Street Journal reported on Saturday.
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Polanski undergoing medical treatment: lawyer

Film director Roman Polanski, arrested in Switzerland three weeks ago to face extradition in a U.S. sex case, has been moved from jail for medical treatment, his French lawyer said on Saturday.
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U.S. permits visit by North Korean official

The United States said on Friday it would allow a senior North Korean official to visit this month, a move analysts said could be a first step toward talks between the two on ending Pyongyang's nuclear programs.
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Obama lashes out against dishonest insurers

U.S. President Barack Obama lashed out on Saturday against the deceptive and dishonest efforts of health insurance companies, who he said are trying to kill healthcare reform, no matter the cost to the country.

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