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BUSINESS BRIEFS

Published July 10, 2009, 3:41 am, New York Post

Jobless The Labor Department said that initial claims for state unemployment in surance fell 52,000, the largest drop since Decem ber, to a much lower- than-expected seasonally adjusted 565,000 in the week ended July 4, from 617,000 the prior...

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Banking and Financial

Published July 10, 2009, 3:18 am, Mondaq

One of the issues which caused consternation in relation to the insolvency of Lehman Brothers was the fate of securities held by a prime broker in custody for its clients.

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(AFX UK Focus) 2009-07-10 10:58 BRIEF-Northgate in placing, agrees new bank facilities

Published July 10, 2009, 3:04 am, Interactive Investor

LONDON, July 10 (Reuters) - Northgate PLC:

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Marketplace News

Published July 10, 2009, 2:57 am, The Namibian

THE development of the Kudu Gas Field has been fast-tracked with Tullow Oil, majority shareholder in the project, confirming that they are considering Gazprom, the Russian natural gas giant with whom Government signed a memorandum of understanding (MoU) recently, as a partner in the N$14 billion project.

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Romania Inflation Rate Fell in June on Slower Demand (Update1)

Published July 10, 2009, 2:08 am, Bloomberg

July 10 (Bloomberg) -- Romania’s inflation rate slipped in June, raising analysts’ expectations for further interest rate cuts, as slower lending and wage growth sapped consumption.

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Select Network Site

Published July 10, 2009, 12:41 am, Banking Business Review

To provide automated call distributor and workforce management services ... Solution to power key channel of the REALTORS credit union ...

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Fed Accord Called 'Overreaction'

Published July 10, 2009, 12:31 am, Albuquerque Journal

The Federal Reserve System on Thursday released the text of a regulatory oversight agreement with First State Bancorporation that New Mexico's top bank regulator said is unnecessary and requires First State to do things it was already doing anyway.

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Banks' 'courtesy' loans at soaring rates irk consumers

Published July 9, 2009, 10:04 pm, USA Today

Even as regulators crack down on abusive mortgage and credit card practices, another type of lending threatens to mire consumers in a credit trap.

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Recovery in Germany runs into credit headwind

Published July 9, 2009, 5:36 pm, Interactive Investor

By Paul Carrel

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Recovery in Germany runs into credit headwind

Published July 9, 2009, 5:09 pm, Reuters via Yahoo! UK & Ireland News

News headlines speak of recovery but for Hannes Hesse, managing director of Germany's VDMA engineering association, financing is still a big problem.

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