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GLOBAL MARKETS-Global stocks falter, oil gains on gasoline
Reuters
By Herbert Lash NEW YORK, Aug 17 (Reuters) - World equities faltered on Wednesday, dashed by a downturn in US technology stocks and a return of investor skittishness after Swiss measures to halt the franc's rise frustrated investors seeking harsher ...
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Gold expected to shrug off Q2 demand dip-WGC
Reuters
By Jan Harvey LONDON, Aug 18 (Reuters) - Gold demand fell in the second quarter but is still expected to rise in the full year as Asian buyers add to holdings and interest in the metal as a haven is stoked by worries over US and euro zone debt, ...
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GLOBAL MARKETS-Global stocks rise on US earnings, oil gains
Reuters
By Herbert Lash NEW YORK, Aug 17 (Reuters) - World equities rose on Wednesday, lifted by strong outlooks and results from US retailers, while crude oil gained on a larger-than-expected decline in US gasoline supplies. The earnings reports from consumer ...
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HK shares seen lower on global growth woes
Reuters
HONG KONG Aug 18 (Reuters) - Hong Kong shares were set to slip on Thursday morning in line with other Asian indices, but declines could be capped on hopes that the territory's markets will see more investment flows from mainland Chinese investors. ...
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PRECIOUS-Gold edges up on growth fear; defies firm dollar
Reuters
By Rujun Shen SINGAPORE, Aug 18 (Reuters) - Gold edged higher on Thursday on persistent worries about euro zone debt woes and slower global growth, defying a rebound in the dollar. Reflecting the anxiety in financial markets, safe haven currency the ...
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Japan corporate mood up despite yen worry - Reuters Tankan
Reuters India
But fears of a global slowdown and a surging yen weigh on the outlook for exporters of cars and precision machinery, threatening to derail the export-led economy's recovery after it was tipped into recession by the March disaster. The Reuters Tankan ...
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Lenovo Q1 profit almost doubles, beating estimates
Reuters
By Lee Chyen Yee HONG KONG, Aug 18 (Reuters) - Lenovo Group Ltd , the world's No.3 PC brand, on Thursday reported a near doubling of its first-quarter net profit as it captured more market share in key markets, but global uncertainties are weighing on ...
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Japan corp mood up but exports slow as yen bites
Reuters
By Rie Ishiguro and Tetsushi Kajimoto TOKYO, Aug 18 (Reuters) - Japan's business mood improved in August and is expected to brighten further as manufacturers restore output to pre-disaster levels, aReuters poll showed, but a rising yen and slackening ...
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EMERGING MARKETS-Latam stocks rise, rebound reaches key levels
Reuters
By Michael O'Boyle MEXICO CITY, Aug 17 (Reuters) - Latin America stocks rose on Wednesday, fighting to maintain their recovery from a recent rout, after strong results from US retailers that helped calm worries about another recession in the United ...
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HP's CEO needs to convince wary Wall Street
Reuters
China's Lenovo Group Ltd , the world's No.3 PC brand, joined rivals in flagging concerns about the impact on demand from the weak global economy and euro zone debt crisis, overshadowing a near doubling in first quarter profits. ...
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INSIGHT-China's exporters feel the pain of shoppers in Europe, US
Reuters
... nastier in the global economy for exports to start to contract." China is also helped by strong domestic consumption, which will help shield growth in the world's second-largest economy, Arthur Kroeber of GaveCal Dragonomics told Reuters Insider. ...
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Indian shares snap 3-day losing streak; gains seen short-lived
Reuters
By Devidutta Tripathy NEW DELHI, Aug 17 (Reuters) - Indian shares rose 0.7 percent on Wednesday, snapping a three-day losing streak, as investors hunted for bargains in a market that is among the world's worst performers this year, although concerns ...
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Indian shares to fall on Asian cues; Idea watched
Reuters
MUMBAI Aug 18 (Reuters) - Indian shares are likely to open lower on Thursday, tracking weak Asian peers dragged down by lingering worries about the health of the global economy. Shares in Idea Cellular will be watched after Malaysia's Axiata bought 0.9 ...
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Perry's skepticism over global warming strikes a nerve
MiamiHerald.com
"I believe the world is getting warmer, and I believe that humans have contributed to that," Romney said at a New Hampshire event in June, according to Reuters. While most climate scientists believe that climate change is real and that fossil fuel ...
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Philippines - Market factors to watch - Aug 18
Reuters Africa
MANILA, Aug 18 (Reuters) - Here are news stories and press reports which may influence local financial markets on Thursday: WHAT IS HAPPENING TODAY IN THE PHILIPPINES - National Agriculture and Fisheries Credit Summit 2011, Century Park Sheraton Hotel, ...
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Brazil June activity down, first time since 2008
Reuters
By Brad Haynes SAO PAULO, Aug 17 (Reuters) - Brazil's economic activity fell in June for the first time since 2008, adding to worries Latin America's biggest economy could slow more than was hoped for. The central bank's IBC-Br economic activity index ...
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Europe, US accused of stalling UN disease talks
Reuters Africa
By Kate Kelland LONDON Aug 18 (Reuters) - A global health group on Thursday accused the United States, Canada and Europe of harming efforts to fight cancer, diabetes, heart and other diseases because they will not agree to set United Nations targets. ...
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Exclusive: SEC says no plans to force delay of country ratings
Reuters
By Andrea Shalal-Esa and Sarah N. Lynch WASHINGTON (Reuters) - US securities regulators do not plan to follow a European proposal that would force credit rating agencies to give countries a three-day notice about a rating change because the regulators ...
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GRAINS-US wheat falls from 2-month top; corn, soy ease
Reuters Africa
Analysts said there was additional pressure on the wheat market after widespread rains across southern Australia boosted crop prospects in the world's fourth-largest exporter. "It is more of a macro economic selloff than anything else," said Adam Davis ...
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Dividend plays may help lift Thai stocks
Reuters Africa
BANGKOK, Aug 18 (Reuters) - Thai stocks may try to edge higher on Thursday as investors buy stocks that are offering high dividends after generally good second-quarter results, but weak globalsentiment may limit gains and encourage quick profit-taking ...
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"Flawed" financial tax plan could raise volatility-UK think tank
Reuters
Anything less than a global deal would see traders move their money to countries with lower taxes and less onerous regulation, distorting world markets, it said. "When Sweden tried a Tobin tax it was a colossal failure - why does anybody pretend this ...
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Rugby-Horwill replaces Elsom as Australia captain
Reuters Africa
By Nick Mulvenney SYDNEY Aug 18 (Reuters) - James Horwill has replaced Rocky Elsom as captain of the Australian rugby team ahead of the World Cup starting in New Zealand next month, the team said on Thursday. Horwill's promotion was announced as the ...
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S.Korea-Market Factors to watch Aug 18
Reuters
SEOUL, Aug 18 (Reuters) - Following is a list of events in South Korea as well as news stories and press reports which may influence financial markets. (Reuters News welcomes your feedback and for any queries, please contact the Seoul newsroom at +822 ...
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Boeing completes flight tests for 787
Reuters
ATLANTA Aug 17 (Reuters) - Boeing Co (BA.N) said it has completed flight tests required of the carbon-composite 787-8 Dreamliner equipped with Rolls-Royce (RR.L) engines, a key step in moving toward first delivery. With flight tests completed, ...
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Ishikawa becomes a special temporary member on PGA Tour
Reuters
By Mark Lamport-Stokes LOS ANGELES (Reuters) - Japanese teenager Ryo Ishikawa, one of the most exciting prospects in the game, has taken up special temporary membership on the PGA Tour for the rest of this year. Ishikawa will consequently be able to ...
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CANADA FX DEBT-C$ hits 1-week high as oil prices rise
Reuters
By Ka Yan Ng TORONTO, Aug 17 (Reuters) - Canada's dollar touched its highest level in more than a week on Wednesday morning, helped by stronger oil prices, but it then backed off, restrained by anxiety over the state of the global economy. ...
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Life after Wall Street: Ex-bankers answer the call
Reuters
By Lauren Tara LaCapra NEW YORK, Aug 17 (Reuters) - In his 23 years as a banker, Adam Greene trotted the globe, closing billions of dollars' worth of deals for some of the world's biggest banks, and starting his own advisory firm. ...
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Chile Collahuasi union threatens one-day stoppage
Reuters Africa
SANTIAGO Aug 17 (Reuters) - The labor union at the world's No. 3 copper mine, Chile's Collahuasi, threatened on Wednesday to stage a one-day stoppage on Sept. 2 if the mine's operator does not hire back workers fired after a previous disruption. ...
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METALS-Copper down on technicals, equities
Reuters Africa
There needs to be more clarity about the global economic situation before it can move decisively in any direction," he added. LME copper has turned bearish as it failed to break above resistance at $9003 per tonne, according to Reuters technical ...
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UPDATE 1-TCI ups Japan Tobacco stake on buyback expectations
Reuters
By Junko Fujita and James Topham TOKYO, Aug 17 (Reuters) - The Children's Investment Fund has raised its stake in Japan Tobacco (JT) to 1.37 percent, from around 1 percent two months ago, on expectations Japan's government would cut its stake, ...
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BoE opens door for QE as joblessness surges
Reuters
By David Milliken and Matt Falloon LONDON, Aug 17 (Reuters) - The Bank of England inched closer on Wednesday to launching a second round of quantitative easing, after two policymakers unexpectedly dropped their calls for higher interest rates against a ...
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RPT-Dubai's Drydocks $2.2 bln loan deal unlikely in 2011
Reuters
"Discussions (with banks) are still ongoing and it has not been completed yet," Khamis Juma Buamim, chairman of Drydocks World told Reuters on Tuesday. "I can't confirm if we will reach a restructuring agreement this year," he added, when asked if he ...
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Bang & Olufsen shares jump after strategy update
Reuters
By Anna Ringstrom STOCKHOLM (Reuters) - Shares in Bang & Olufsen A/S (BO.CO) jumped on Wednesday after the Danish luxury electronics maker said it hopes to triple sales and boost margins to pre-crisis levels on the back of a five-year strategy plan ...
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Indian shares rebound after 3-day slide; HDFC Bank, Infosys lead
Reuters
NEW DELHI, Aug 17 (Reuters) - Indian shares rose more than 1 percent on Wednesday morning after a three-day slide in the main index led to bargain-hunting, even as investors remain wary about the health of the global economy and rising local interest ...
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Thomson Reuters acquires Lanworth
Commodities Now Online
And its forecasting brings something unique that we can expand globally to provide accurate forecasts around the world. This is of critical importance considering the global landscape for what is happening in agriculture markets. ...
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