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Australian Dollar whacked as debt crisis bites | Currency

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The Australian dollar copped another hiding in foreign trade overnight, plunging to less than 84 US cents against the greenback and falling sharply against other major currencies. The Aussie dollar has dropped steadily over the past few days and overnight it hit a low of 83.97 US cents
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NZ dollar weaker on Australian rate rise, bonds firm

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* Kiwi NZD=D4 opens locally around $0.6960, slightly lower than late Tuesday levels, after trading a familiar range between $0.6925 and $0.7000. * Kiwi pressured in offshore trade after the Reserve Bank of Australia raised its benchmark interest rate to 4 percent, and said further rises
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Sigma rests ahead of downgrade of condition

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SIGMA Pharmaceuticals is keeping the market waiting for an update on earnings for the year to January. The healthcare company had previously provided guidance for a slight increase in annual profit but expectations are now more subdued, with the company suspended from trade after requesting
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New York’s Paterson Says He Won’t Seek Election in November - Bloomberg.com

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Paterson, 55, dropped out less than a week after he opened his campaign at a rally in Hempstead, New York. “It has become increasingly clear to me in the past few days I cannot run for office and do the state’s business at the same time,” he said today. Last Updated: February 26,
2010
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Schlumberger Said to Be Close to Takeover of Smith Using Stock - Bloomberg.com

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The companies have been in intermittent takeover talks since at least last year and may reach an agreement in the next few days, the people said, speaking on condition of anonymity because the talks are private. Houston-based Smith may fetch a premium to its market value, which was more than $8
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Toyota boss "unaware of Prius recall"

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Toyota Australia 's head David Buttner says he knows nothing about reports that 300,000 Prius hybrid vehicles will be recalled worldwide. After complaints of a Prius braking system problem were received in Japan, a Tokyo newspaper reported on Monday the model would be recalled
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Toyota boss "unaware of Prius recall"

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AAP Toyota Australia's head David Buttner says he knows nothing about reports that 300,000 Prius hybrid vehicles will be recalled worldwide. After complaints of a Prius braking system problem were received in Japan, a Tokyo newspaper reported on Monday the model would be recalled
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Conspiracy theories about director sell-offs don"t always add up

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The reasoning goes that directors know more than an outsider and that if they thought the price was going to rise then they surely would hang on and sell then. The opposing view is that directors sell for any number of reasons. Indeed, during the past couple of years a number of directors have
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Conspiracy theories about director sell-offs don"t always add up

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February 7, 2010 The reasoning goes that directors know more than an outsider and that if they thought the price was going to rise then they surely would hang on and sell then. The opposing view is that directors sell for any number of reasons. Indeed, during the past couple of years a
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Cape Lambert shares fall on IPO deferral

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AAP Cape Lambert Resources Ltd shares fell after it deferred the initial public offering for its copper spin-off, Q Copper Ltd, due to adverse market conditions. The shares were down six cents, or 11.88 per cent, at 44.5 cents at 1230 AEDT. Cape Lambert said the IPO was being
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GBP/CHF Slipping, Ready to Slide?

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in which case an emerging bearish gartley pattern may come to fruition providing a solid selling opportunity near 1.6940 or 1.6980. Otherwise, a move below 1.68 (point C on the 2hr) may be enough to spark a push prices down to 61.8% support near 1.6620. If prices continue to rally over the next
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Discussions continue over Woodside"s Pluto dispute

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A union representing workers on Woodside's Pluto project is hopeful a resolution can be reached in the dispute over the mining company's accomodation policy by the end of the week. Yesterday, the company which organises contractors for Woodside met representatives from WA's
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Discussions continue over Woodside"s Pluto dispute

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Map: Karratha 6714 Around 1500 workers ended their eight day industrial action on the weekend. Yesterday, the company which organises contractors for Woodside met representatives from WA's construction, mining and electrical unions at Fair Work Australia. Union representative
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Pakistani Taliban Say Mehsud Is ‘Alive and Healthy’ (Update1) - Bloomberg.com

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Feb. 1 (Bloomberg) -- Pakistan’s Taliban rejected reports that the leader of the country’s Taliban forces, Hakimullah Mehsud , was dead. State-run Pakistan Television reported yesterday that Mehsud died a few days after being injured in a Jan. 14 attack by an unmanned U.S. aircraf
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New schools opening their doors

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Three new Queensland state schools will open their doors to students for the first time today , as the summer holidays end. The new Brisbane's Bayside State College was constructed in about 10 months. Principal Noel Humphries says teachers have spent the past few days getting
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Rand to Lose 2.3% Versus Euro as Trend Ends: Technical Analysis - Bloomberg.com

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The currency of Africa’s biggest economy will slide to 10.90 per euro by Jan. 25 from a close of 10.6480 yesterday, when it snapped a three-day advance, Judy Padayachee , a technical analyst at Johannesburg-based Absa, said by telephone. The rand lost almost 0.1 percent against the eu
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Juice Left In EUR/AUD Collapse? | Roger Stojsic | FX360®

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significant bearish gap we saw this weekend. However, based on the characteristics of these types of geomteric patterns, this bearish gap suggests an ABCD continuation move may be in progress where we look to an extension of the AB=CD pattern. In this case, we see that the 127.2% ABCD extension...
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Trade Update: USD/JPY Stops To Break-Even | Roger Stojsic | FX360®

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This morning's USD/JPY surge to 90.91 was just enough to trigger the short setup we've been tracking for the past few days. After tripping the 90.75 sell entry, which was based on a bearish double-top gartley pattern, prices quickly retreated back down towards this morning's open near...
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Berkshire unloads 3.5 million more Moody"s shares - Yahoo! Finance

Companies: Berkshire Hath Hld B MoodyS Corp. Berkshire now holds 31.9 million Moody's shares and controls about 13.5 percent of its stock. Berkshire revealed the sales in documents filed Monday with the Securities and Exchange Commission. Through 2009, the company based in...

Qantas shares" altitude gain looking premature

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December 4, 2009 Airlines are the ultimate cyclical business - highly leveraged to strong and weak economic news. Qantas' share price has been particularly strong over the past few days as the market digested new monthly traffic and capacity statistics that, while representing an...
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