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Glencore, Xstrata hammering out final deal details

Reuters: Business News — Sun, 05 Feb 2012 18:50:27 +0000

CAPE TOWN/LONDON (Reuters) – Top executives at trader Glencore and miner Xstrata are hammering out the final details of an $80 billion tie-up to seal the industry’s largest ever takeover, which could be announced as early as Tuesday.

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Central bank liquidity tap to stay open

Reuters: Business News — Sun, 05 Feb 2012 13:50:19 +0000

LONDON (Reuters) – After a blockbuster January for both equities and bonds – rallies that caught many in the market by surprise – investors will be paying keen attention to the world’s central banks in the coming week for signs of continued easy money.

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Central bank liquidity tap to stay open

Reuters: Business News — Sat, 04 Feb 2012 16:20:16 +0000

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Shares, euro flat ahead of U.S. jobs report

Reuters: Business News — Fri, 03 Feb 2012 10:21:53 +0000

LONDON (Reuters) – A dip in figures on China’s non-manufacturing sector helped dampen financial markets optimism on Friday ahead of U.S. jobs data that will offer more clues on the strength of the world’s top economy.

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European shares firm, debt auctions eyed

Reuters: Business News — Thu, 02 Feb 2012 09:40:03 +0000

LONDON (Reuters) – European shares hit a six-week high on Thursday adding to solid gains after global manufacturing data eased fears about the growth outlook, but with Greek debt talks unresolved, gains were limited.

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Investors kick off 2012 with defensive stance: Reuters polls

Reuters: Business News — Tue, 31 Jan 2012 19:30:23 +0000

LONDON (Reuters) – Investors have begun 2012 in a cautious mood, with U.S. and Japanese asset managers worried about the euro zone debt crisis cutting exposure to stocks and boosting bonds, while European accounts added risky assets, Reuters polls show.

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Euro, shares gain as Greek debt fears recede

Reuters: Business News — Tue, 31 Jan 2012 09:30:03 +0000

LONDON (Reuters) – The euro rose and world shares recovered on Tuesday on hopes of a deal this week to free up the next tranche of aid for Greece, though concerns about Portugal following a similar path capped gains and fresh data on the region’s economic outlook weighed on sentiment.

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OPEC says EU ban on Iran oil to boost prices

Reuters: Business News — Mon, 30 Jan 2012 23:31:12 +0000

LONDON (Reuters) – The EU’s embargo on Iranian oil exports will add upward pressure to oil prices, OPEC’s secretary general said on Monday, even though there is no shortage of oil on the market.

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Ex UBS trader Adoboli denies fraud, faces trial

Reuters: Business News — Mon, 30 Jan 2012 13:19:50 +0000

LONDON (Reuters) – Former UBS trader Kweku Adoboli will stand trial in September after pleading not guilty on Monday to charges related to the loss of more than $2 billion on trades the Swiss bank says were unauthorized.

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Caution rules ahead of EU Summit, Greek deal

Reuters: Business News — Mon, 30 Jan 2012 10:10:03 +0000

LONDON (Reuters) – The euro edged back from six week highs and global stocks were lower on Monday as investors turned cautious after U.S. growth figures on Friday that fell just short of expectations and ahead of more crisis talks among EU leaders.

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