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Talks with banks over Greek bailout begin: source

Talks between governments and private creditors about voluntary participation in a second bailout package for Greece will begin across the euro zone on Wednesday, a source in the German government said.

Greek government survives confidence vote

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Greece's government will approve a new austerity package on Wednesday after it survived a confidence vote that was a crucial hurdle in a battle to avert the euro zone's first sovereign debt default.
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Yahoo, Alibaba, Softbank say making progress on Alipay

Yahoo Inc, China's Alibaba Group and Japan's Softbank Corp said on Wednesday they have made substantive and encouraging progress toward an agreement over the ownership of the Chinese company's Alipay e-payment unit.
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VCs think IPO activity low, unhealthy

More than 80 percent of venture capitalists believe the initial public offering market is at very weak levels, according to a new survey from Deloitte and the National Venture Capital Association.
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SEC gears up to expand private fund oversight

U.S. regulators are poised to expand oversight of the roughly $2 trillion hedge fund industry, with the U.S. Securities and Exchange Commission expected on Wednesday to adopt rules requiring private fund advisers to register with the agency.
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Fed won't act soon on weak economy

The Federal Reserve will likely acknowledge renewed weakness in the U.S. economy in a post-meeting policy statement on Wednesday, but don't expect policymakers to do anything about it any time soon.
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PIMCO head predicts Greece, others will default

The head of PIMCO, the world's biggest bond fund, predicted that Greece and other European economies would default on their debts to resolve their problems as the euro area faces a debt crisis.
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Australia unveils cybercrime laws to combat global threat

Australia's government unveiled legislation on Wednesday to crack down on cybercrime in the wake of recent cyber attacks on multinational companies and institutions, from Google to the International Monetary Fund and the U.S. Senate.
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Micron, Hynix say Rambus played dirty in PC chips

Rambus Inc played dirty in the market for PC memory chips and blames its competitors for the consequences of its own failed technology, lawyers for Hynix Semiconductor Inc and Micron Technology Inc said in court.
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Adobe sees weakness in Europe, shares dip

Adobe Systems Inc reported on Tuesday a 54 percent jump in quarterly net profit and held on to its sales growth target, but warned of weakness in demand for its applications in Europe.
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Greek government survives vote

Greece's embattled government on Wednesday survived a confidence vote crucial to avoiding a sovereign default, as thousands of protesters chanted insults outside parliament.
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Lawsuit could halt Anglo Irish U.S. loan sale

Anglo Irish Bank Corp PLC has until the end of Wednesday to tell a U.S. judge why it should not have to pay off $200 million of bonds before it sells $10.3 billion worth of loans on U.S. commercial property.
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Ryanair boss sees China catching Airbus, Boeing

Chinese manufacturers are set to take a significant bite out of the global market for short-haul planes by 2016, and will then catch up with Airbus and Boeing, the head of Europe's largest low-cost airline said on Tuesday.
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Protesters besiege parliament before Greek vote

More than 20,000 chanting protesters besieged the Greek parliament on Tuesday before Prime Minister George Papandreou's embattled government faced a confidence vote crucial to avoiding a sovereign default.
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Airbus piles pressure on Boeing

Airbus dominated the Paris Air Show on Tuesday with a stream of new orders for its fuel-efficient A320neo and hammered out a long-awaited final deal with an Indian airline that will set a new record in terms of numbers of planes sold.
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JPMorgan to pay $154 million in mortgage case

JPMorgan Chase & Co said it agreed to pay $153.6 million to settle U.S. Securities and Exchange Commission charges that it misled investors about a mortgage securities transaction just as the nation's housing market was starting to plummet.
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S&P restates political threat to U.S. AAA rating

The risks of the U.S. losing its prized triple-A rating over the medium term have increased as the country faces a political impasse and nears its debt ceiling, Standard and Poor's said on Tuesday.

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