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New Japan PM pushes big changes

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New Japanese Prime Minister Yukio Hatoyama took office Wednesday, launching an untested government pledged to radically change how the nation is run and make domestic demand, not exports, the engine of growth.

U.S. consumer prices up

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U.S. consumer prices rose in August from July on a spike in gasoline costs, the Labor Department said on Wednesday, but the underlying trend pointed to muted inflation pressures.
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Unions slam bank greed, urge jobs plan pre-G20

Trade unions urged G20 leaders on Wednesday to respond decisively to the specter of 59 million job losses and slammed banks for awarding bonuses worth more than 20 percent of the taxpayer money spent bailing them out.
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Chrysler turnaround slow process says CEO

Chrysler Group LLC will present a five-year business plan by the end of November that will outline numbers and the path out of two years of difficulties, its chief executive said on Wednesday.
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Chrysler business plan by end of November: CEO

Chrysler's new business plan will be presented by the end of November and will show numbers and the path out of years of difficulties, the company's chief executive said on Wednesday.
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Tires case shows Obama new U.S. marshal on trade

President Barack Obama's decision to restrict tire imports from China shows a more activist approach to enforcing rights Washington has negotiated in trade deals, as well as making good on a promise to labor groups that helped elect him.
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World stocks at new 11-month high

World equities rose on Wednesday to new 11-month highs, after upbeat U.S. data boosted faith in an economic recovery, persuading more investors to sell their low-yield dollars to buy growth-oriented stocks and commodities.
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U.S. growth in 2 percent range over near term: forecast

The U.S. economy will emerge from recession by growing more than 2 percent in the current and fourth quarters on a dramatic reversal in inventories, but growth next year will be tepid, a UCLA Anderson Forecast said on Wednesday.
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Oil near $71, sheds early losses on weak dollar

Oil shed early losses and hovered near $71 on Wednesday as the dollar's fall to one-year lows and Asian equities' climb to 2009 highs drew investors back to risky assets on brightening signs of a U.S. economic recovery.
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Asian stocks hit 2009 highs

Asian shares swept to their highest levels for 2009 on Wednesday after upbeat U.S. economic news boosted riskier assets leveraged to global growth, while the U.S. dollar slipped to a one-year low.
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Asian stocks hit 2009 highs, U.S. dollar slips

Asian shares hit their highest levels for 2009 on Wednesday after upbeat U.S. economic news gave riskier assets leveraged to global growth a boost, while the U.S. dollar slipped to a one-year low.
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Lehman: Barclays got $8.2 billion windfall from sale

Lehman Brothers Holdings Inc said on Tuesday that Barclays Capital Inc got a $8.2 billion windfall profit from excess assets it took control of in the fire sale of Lehman's U.S. brokerage business a year ago.
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SEC has few options, none good, in BofA case

Stung by a federal judge's rejection of settlement efforts with Bank of America Corp, the U.S. Securities and Exchange Commission has a few ways to proceed in the case. None is good.
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Daily Commentary - 16/09/2009

The Australian Dollar opens higher today at 0.8625 and is buoyed by improved risk sentiment after the release of stronger than expected U.S. economic data overnight.
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China & U.S. war over auto, chicken after tires

China has started investigation procedures on auto and chicken products originally produced in the United States, Yao Jian, spokesman with the Ministry of Commerce (MOC), told a press conference on Tuesday, adding to a string of trade disputes with Washington including a recent decision to raise tariffs on Chinese-made tires.

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