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Berlin softens stance on GM keeping Opel

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The German government seemed to soften its stance on the possibility of U.S. carmaker General Motors GM.UL scrapping plans to sell Opel and keeping the European carmaker instead when GM's board meets this week.

Emerging stocks at pre-Lehman high

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Emerging markets stocks hit a new year high on Tuesday, rising to levels last seen before the Lehman Brothers collapse, and world stocks headed firmly toward a new 2009 peak.
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Gold vaults $1,000/oz, momentum overwhelms

Gold powered through the $1,000 per ounce psychological barrier on Tuesday, carried by a wave of pent-up technical momentum and dollar weakness, with some analysts eyeing last year's record high at $1,030.80.
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Longer-term growth still an issue

Data in the coming week should deliver more proof that a global recovery is at hand, but policy-makers are facing up to how sub-par growth over the long haul might constrain their policy choices.
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Swiss topple U.S. as most competitive economy: WEF

Switzerland knocked the United States off the position as the world's most competitive economy as the crash of the U.S. banking system left it more exposed to some long-standing weaknesses, a report said on Tuesday.
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Emerging market stocks breach pre-Lehman high

Emerging markets stocks hit a new year high on Tuesday, rising to levels last seen before the Lehman Brothers collapse, and world stocks in general headed toward a new 2009 peak.
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Oil rises towards $69 ahead of OPEC, inventory data

Oil prices rose toward $69 a barrel on Tuesday, underpinned by comments by delegates from an OPEC meeting starting Wednesday, which analysts believe may see more rhetoric on compliance but no change in output targets.
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Gold hits $1,000, Asian shares rise

Asian shares touched a one-year high on Tuesday, while gold prices hit $1,000 an ounce for the first time in six months in a sign of investor concerns about the sustainability of the global economic recovery.
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Gold futures hit $1,000/oz as investors seek refuge

U.S. gold futures hit a six-month high of $1,000 and spot gold also rose to six-month high on Tuesday as the dollar's weakness, concerns about the sustainability of the global economic recovery and worries about inflation underpinned sentiment.
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Oil ticks up ahead of OPEC, inventory data

Oil prices held steady on Tuesday with investors perched on the fence ahead of an OPEC meeting on Wednesday, which analysts believe may see more rhetoric on compliance but no change in output targets.
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Gold futures hit $1,000

Asian shares touched their highest level in a year on Tuesday, while gold futures hit $1,000 an ounce for the first time in six months on investor concerns about the sustainability of the global economic recovery.
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Oil rises above $68 ahead of OPEC, inventory data

Oil prices rose above $68 a barrel on Tuesday with investors perched on the fence ahead of an OPEC meeting on Wednesday, which analysts believe may see more rhetoric on compliance but no change in output targets.
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Google alters Europe book plans

Google has offered concessions to European publishers who are concerned about the Internet giant's plans to further digitize books by saying that it will not include European books that are still commercially available.
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Gold futures hit $1,000 as investors seek refuge

U.S. gold futures hit a six-month high of $1,000 and spot gold also rose to six-month high on Tuesday as the dollar's weakness, concerns about the sustainability of global economic recovery and worries about future inflation underpinned sentiment.
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Gold inches closer to $1,000

Gold inched up on Tuesday as the dollar's weakness, concerns about the sustainability of global economic recovery and worries of future inflation underpinned sentiment, with traders eyeing $1,000 an ounce.
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OzForex Daily Commentary - 08/09/2009

:: Australian Dollar: The Aussie dollar continued to power ahead holding on to the psychological 85 cent support level to open this morning around 0.8550. Yesterdays ANZ job advertisement survey revealed a 4.1% rise in August from the previous month, the first monthly rise since April 2008. The news gave investors some confidence that this Thursday's employment report will show continued improvement in the labour market spurring the AUD higher. With the U.S on holidays it was a relatively quiet ...
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Stone film says U.S. demonizes Chavez, other leaders

Director Oliver Stone says the U.S. media and government have demonized Venezuelan President Hugo Chavez and other leftist South American leaders, and argues in a new film that they were right to stand up to Washington.
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Kraft primed to sweeten $16.7 billion Cadbury bid

Kraft Foods said it was intent on pursuing Britain's Cadbury , which soared in value after it snubbed a premium-rich bid from the U.S. group, reinforcing hopes of a broader-based pick-up in merger activity.

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