Volatility spread across stock and foreign exchange markets on Monday as investors eyed a Federal Reserve meeting expected to cut interest rates and hint at future unorthodox monetary policies to lift the U.S. economy. European stocks reversed early losses to put in solid gains after better-than-expected euro zone manufacturing data. The dollar firmed against the
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The number of people with jobs fell in the euro zone in the third quarter against the previous three months for the first time on record, pulled down by falls in Spain, Portugal and Finland, data showed on Tuesday. The European Union's statistics office said the number of employed fell by 0.1 percent of the
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European new car sales dropped by a quarter in November, data showed on Tuesday as more vehicle makers announced output cuts and the Big Three U.S. players waited for the government to throw them a lifeline. Volkswagen's Spanish car maker Seat and world number two truckmaker Volvo became the latest companies to announce temporary production
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Stock index futures pointed to a mixed open on Wall Street on Tuesday, as investors awaited quarterly results from embattled Goldman Sachs and an interest rate decision by the Federal Reserve. * At 4:00 a.m. EST S&P 500 March futures were up 0.02 percent, Dow Jones futures were down 0.2 percent and Nasdaq 100 futures
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British inflation could fall below one percent next year, Bank of England Governor Mervyn King said on Tuesday in a letter to the government explaining why prices were rising by more than double the official target. Inflation eased to 4.1 percent in November from 4.5 percent in October, but that is still well above the
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OPEC has promised to make another deep oil supply cut at its meeting on Wednesday, hoping that will be enough to fight the worst fuel demand slump in a generation and rescue prices. Oil edged up above $45 a barrel on Tuesday on the prospect of the Organization of the Petroleum Exporting Countries removing up
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Metallica has finally confirmed "the worst-kept secret in rock'n'roll" and unveiled details of the upcoming "Guitar Hero" game devoted to the band. According to Metallica's Web site (http://www.metallica.com), the game "allows you to play as us in either single instrument or band career game modes" and will likely be released in the first half of
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Former Vodafone Group Chief Executive Arun Sarin has decided not to pursue the CEO job at Yahoo, the Financial Times reported, citing people close to him. Yahoo had been interested in having Sarin succeed Jerry Yang, according to those people, the Financial Times wrote on Monday, but Sarin is expected to say he does not
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Apple Inc witnessed flat year-over-year overall sales in the United States for its Macs in November, while sales of rival Microsoft Corp's Windows PCs were up 7 percent, according to research firm NPD Group Inc, which tracks retail sales. Sales of desktops were down 20 percent overall, with Windows desktops sales falling 15 percent and
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Southeast Asian nations signed three economic agreements on Tuesday to encourage investment and reduce tariffs, as the region looks to integrate economically and fend off the ill effects of an ailing global economy. Growth in Southeast Asian economies has slowed dramatically in light of the worsening health of the global economy. Analysts said the trade
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