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26 June 2010 5:07 PM | Tagged: merrill lynch business
Vodafone found support on Friday as a fourth successive decline for the FTSE 100 had investors searching for safety.Shares in Vodafone added 0.8 per cent to 144p as Merrill Lynch forecast its US joint venture to provide a dividend as early as September 2011.This would boost the group pay-out by a third, it said.

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26 June 2010 5:07 PM | Tagged: fiscal conservatism business
Peter Orszag, Barack Obama’s budget director, resigned this week partly in frustration over his lack of success in persuading the Obama administration to tackle the fiscal deficit more aggressively, according to sources inside and outside the White House.Mr Orszag, whose publicly stated reasons for leaving were that he was exhausted after years in high pressure jobs and also that he wanted to pla

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26 June 2010 5:07 PM | Tagged: reform legislation business
The passage of financial reform legislation in the US Congress in the early hours of Friday morning will give the US delegation more credibility when they try to sell similar policies to their G20 partners this weekend.But experts in the process said it was unlikely to make much difference to the international debate.

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26 June 2010 5:07 PM | Tagged: national australia bank business
A US Supreme Court ruling on Thursday night jeopardises a hedge fund lawsuit against Porsche claiming more than $2bn in damages following the VW saga, analysts warn.Dismissing an unrelated lawsuit against National Australia Bank, the Supreme Court ruled that investors buying shares of foreign companies in jurisdictions outside the US could not use the American legal system to claim damages for al

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26 June 2010 5:07 PM | Tagged: irrigation canals business
The US Marines call their project the “Yellow School for its colour scheme – a zesty lemon that leaps out of Marjah’s drab vista of farmsteads, irrigation canals and scrub.The classrooms are occupied by young men: heavily armed Americans who have turned the compound into a fortress.Gun-emplacements squat on the corrugated iron roofs.A few days ago, shots hit the walls.

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26 June 2010 5:07 PM | Tagged: asian equities business
Asian equities saw the gains inspired by renminbi revaluation fade away over the week as investors took profits after weak US economic data clouded global growth optimism.

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26 June 2010 4:59 PM | Tagged: missile strike
A US missile strike has killed four suspected militants in Pakistan's tribal region near the Afghan border, Pakistani officials say.

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26 June 2010 4:59 PM | Tagged: general mcchrystal
Where did General McChrystal's 'careful touch' go?