Brazil's Lula remains popular despite corruption

(Reuters) - Despite the involvement of Lula's close allies and friends,
including the head of the Senate, in a series of graft scandals
in recent weeks, the president continues to get support because
of a strong economy and government social programs.




The survey polled 2000 people between June 18 and 22 and
has a margin of error of plus or minus 3 percentage points.


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Oil drops $1, eyes on US stocks, Nigeria exports

(Reuters) - Oil fell $1 a barrel on Tuesday as investors weighed ample fuel stocks in top consumer the United States and the potential for higher Nigerian crude exports.

London Brent crude, now a better gauge of the global market than U.S. oil, dropped $1.04 to $70.32 a barrel by 1419 GMT, after gaining 18 cents on Monday. U.S. crude slid $1.05 cents to


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Gold hits 3-1/2-month low on oil, metals sell-off

(Reuters) - Gold fell to a 3-1/2-month low of $642.50 an ounce in late European trade on Tuesday following a sharp fall in other key metals and oil prices, traders said.

Spot gold was quoted at $644.25/644.85 an ounce by 1441 GMT, compared with $650.80/651.40 in New York late on Monday.


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US STOCKS-Indexes climb on M&A, lower bond yields

(Reuters) - NEW YORK, June 26 - U.S. stocks rose on Tuesday
as European companies made takeover offers for U.S. companies
in the health-care and chemicals sectors and bond yields
dipped, sending rate-sensitive stocks higher.




Utility stocks dominated the top percentage gainers on the
S&P 500 as the yield on the 10-year Treasury held near 5.08
percent. Hefty dividend-paying utilities are seen as more
attractive when bond yields are falling.


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Sweden says M.Stanley has free rein in V&S sale

(Reuters) - Sweden's parliament last week passed a bill allowing the
centre-right government to sell Vin & Sprit, real estate firm
Vasakronan and mortgage lender SBAB.




The state already had leave to sell its stakes in three
listed firms -- telecoms operator TeliaSonera , Nordea
Bank AB and OMX , the Nordic bourse company
subject to a takeover bid from Nasdaq Stock Market .


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US STOCKS-Indexes edge down after data

(Reuters) - The Dow Jones industrial average was down 2.04
points, or 0.02 percent, at 13,350.01. The Standard & Poor's
500 Index was down 0.67 point, or 0.04 percent, at
1,497.07. The Nasdaq Composite Index was down 1.03
points, or 0.04 percent, at 2,576.05.




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Edgestone buys stake in Motion Picture Distribution

(Reuters) - The units of Movie Distribution closed at C$9.15 on the
Toronto Stock Exchange on Monday.







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