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Rehn Says EU Can Support Greece ‘In Broad Sense of the Word’ - Bloomberg.com

“You have to do the necessary measures in order for us to support you,” said Olli Rehn, who takes over as European economic affairs commissioner tomorrow, in an interview in Strasbourg, France today. “This will be further discussed in the coming days. We are talking about support in

Colombia’s Peso Climbs as Oil Gains; Argentine Bonds Rebound

By Drew Benson The peso rose 0.8 percent to 1,986.76 per dollar at 9:28 a.m. New York time, from 2,003.21 yesterday. The yield on the country’s 11 percent benchmark bonds due in July 2020 fell eight basis points, or 0.08 percentage point, to 8.8 percent, according to Colombia’s stock

Canada’s Dollar Appreciates as Risk Appetite Lifts Stocks, Oil

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By Chris Fournier The loonie rose against half of its 16 most-traded counterparts tracked by Bloomberg, while the New Zealand and Australian dollars were the best-performing major currencies. The U.S. dollar and yen weakened on speculation Europe will help Greece contain its budget
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A review of new work standards can help your business

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THERE has been a lot of noise in the media about the National Employment Standards, the 10 employment conditions that came into effect through the Fair Work Act last month. Arguments have raged over their suitability and the burden on business. The debate runs invariably on political
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Macquarie"s foundations still strong despite slide

The slide came after Macquarie gave profit guidance that was below expectations, but it is subdued earnings momentum we are talking about here, not some perceived existential crisis, which was what Macquarie was dealing with in February 2009. Yesterday's selling pushed Macquarie's shares down

Yen Weakens on Speculation Importers Selling After Recent Gain

Feb. 9 (Bloomberg) -- The yen fell for the first time in four days against the euro on speculation Japanese companies sold the currency to take advantage of its 3 percent advance in the past week. The yen declined for a third day versus the dollar on the prospect that Japan’s importers

BHP sale is more than a nickel and dime rumour

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Talk that BHP Billiton is looking to offload its remaining nickel assets for more than $US3 billion just won't go away. Whether the speculation proves correct - just like the rumours that it would bid for WMC and Rio Tinto were on the mark years ago - remains to be seen. BHP hosed down the
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Toyota preparing to announce Prius fix

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AP Toyota has told dealers it's preparing a plan to repair the brakes on thousands of hybrid Prius cars in the US. In a message sent on Friday night to dealers, a Toyota group vice president, Bob Carter, said the company is working on a plan and will disclose more details early next
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Euro Falls to 8-Month Low on Debt Concern; Swiss Franc Drops

Feb. 5 (Bloomberg) -- The euro fell to an eight-month low against the dollar amid concern widening budget deficits in European nations including Greece will stifle the region’s economic recovery. The 16-nation currency headed for a fourth weekly loss versus the dollar and yen as credit

Euro Falls to 8-Month Low on Debt Concern; Swiss Franc Falls

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Feb. 5 (Bloomberg) -- The euro dropped to an eight-month low against the dollar amid concern widening budget deficits in Greece and other European nations will stifle the region’s economic recovery. The 16-nation currency headed for a fourth weekly loss versus the dollar and yen as credit
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