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RHJ buys Kleinwort Benson from Commerzbank

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RHJ International is to buy UK wealth management unit Kleinwort Benson from Commerzbank for 225 million pounds ($359.5 million), the latest in a flurry of private banking sales.

Oil sets 2009 high above $75

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Oil surged for a fifth day on Wednesday to a 2009 high above $75 a barrel, boosted by a weak dollar and optimism about a global economic rebound that will lead to higher energy demand.
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Bernanke boosts dollar, commodities down

The dollar rose on Friday after Federal Reserve Chairman Ben Bernanke indicated U.S. monetary policy could be tightened as a recovery takes hold, sending crude and metal prices lower.
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Goldman boss says anger over pay justified

The head of U.S. bank Goldman Sachs said on Wednesday that anger over bankers' pay was understandable and appropriate, and that greater scrutiny of trade in complex instruments was needed to keep banks in check.
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Oil posts biggest gain since July

Oil prices on Tuesday posted their biggest gain since the end of July as the dollar weakened and investors quenched a growing thirst for tangible commodities to hedge inflation.
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Oil rises above $70 as dollar takes a beating

Oil traded higher on Tuesday by nearly $3 at one point as investors quenched a growing risk appetite for tangible commodities against the background of a weakening dollar and the looming prospect of inflation.
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Oil rises above $69 as gold jumps

Oil prices rose above $69 a barrel on Tuesday as spot gold crossed a psychological threshold and ahead of an OPEC meeting analysts said would see more target compliance rhetoric but no change in output limits.
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Oil falls below $68 on economic doubts

Oil fell below $68 a barrel on Wednesday, extending the previous session's 3 percent drop, after weak U.S. jobs data raised doubts over the strength of economic recovery in the world's biggest fuel consumer.
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UK house prices rise at fastest since Dec '06

British house prices rose for the fourth month running and at their fastest monthly rate in 2-1/2 years in August, the Nationwide Building Society said on Thursday, in a further sign the housing market is picking up.
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Former VW CEO tipped to head Continental AG board-report

The previous chief executive of Volkswagen, Bernd Pischetsrieder, is favourite to head the supervisory board of German car parts maker Continental AG, magazine Der Spiegel reported, without saying where it obtained its information.
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Germany and France exit recession

Germany and France achieved a shock return to economic growth in the second quarter of the year, ending their recessions earlier than many policymakers and economists expected, but failed to drag the euro zone with them.
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Oil rallies above $64 after four-day fall

Oil rose above $64 a barrel on Tuesday, after falling for four consecutive sessions on doubts over global economic recovery and potential improvement in demand for fuel.
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Oil falls below $64 on recovery doubts

Oil eased below $64 a barrel on Tuesday, falling for the fifth consecutive session on doubts over global economic recovery and potential improvement in demand for fuel.
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Japan raises outlook amid North Korea concerns

Japan raised its economic outlook for the first time in three years on Monday, and an important measure of German business sentiment rose in May in further signs the worst of the global recession may be over.
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German business sentiment up, Japan raises outlook

A key measure of German business sentiment rose in May and Japan raised its economic outlook for the first time in three years in further signs the worst of the global recession may be over, with stability seen later in 2009.
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Allianz cuts jobs, structured finance at Dresdner

Europe's biggest insurer, Allianz , is axing hundreds of jobs at its Dresdner Kleinwort investment bank and slashing its complex structured finance business, after suffering big fourth-quarter writedowns.
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Dollar hits new lows, weakened by bank fears

The dollar sank to record lows against the euro and a basket of major currencies on Tuesday as bleak warnings of more pain in the credit sphere reinforced views of a Federal Reserve rate cut in December.
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Fortis says to buy Commerzbank Japan trust unit

The asset manager of Belgian-Dutch financial group Fortis said on Tuesday it would buy a Tokyo-based asset managing firm wholly owned by Germany's Commerzbank to expand its operations in Japan.
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Commerzbank fears higher subprime losses -sources

Commerzbank is bracing itself for a higher-than-predicted loss from investments related to risky U.S. mortgages that is set to knock a hole in profits, sources familiar with the matter told Reuters.
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Gold rises on weaker dollar

Gold gained on Monday with a drop in the dollar and recovery in stocks, but investors remained cautious as they digested the U.S. federal reserve's surprise move to slash the rate it charges banks on loans.
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Gold hits three-month low as dollar climbs

Gold fell to a three-month low on Wednesday when the dollar extended its ascent against major currencies as markets dropped expectations of lower U.S. interest rates later in the year.

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