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    Last update: December 22, 2009

    +Wall Street set to dip as interest rate concerns grow
      NEW YORK (Reuters) - Wall Street was poised for a soft open on Monday on growing sentiment U.S. interest rates could rise sooner than had been anticipated following last week's surprisingly optimistic jobs report.

    +U.S. bank bailout estimate cut by $200 billion
      WASHINGTON (Reuters) - The projected long-term cost of the U.S. government's bailout of the nation's big banks is going to be at least $200 billion less than previously thought, a Treasury Department official said on Sunday night.

    +Dubai government ring-fences key assets, shares tumble
      DUBAI (Reuters) - Dubai moved on Monday to ring-fence prized assets from the $26 billion debt restructuring of Dubai World, denting already fragile investor sentiment ahead of talks between the struggling conglomerate and key creditors.

    +Five AIG execs say may quit over pay: report
      NEW YORK (Reuters) - Five senior executives at American International Group told the insurer last week they may quit if their compensation was cut significantly by the U.S. pay czar, the Wall Street Journal reported on Sunday.

    +Senator Dodd to press financial reform ahead: aides
      WASHINGTON (Reuters) - Senator Christopher Dodd chairman of the Senate Banking Committee, is ready to push through a controversial financial regulation reform bill with or without Republican support, senior aides said, just days before the House of Representatives votes on its own reform legislation.

    +Kuwait sells Citi stake, makes $1.1 billion profit
      KUWAIT (Reuters) - Kuwait's sovereign wealth fund said on Sunday it had sold its stake in Citigroup Inc for a profit of $1.1 billion, becoming the latest Gulf investor to sell foreign shares as markets improve.

    +MetLife outlook better than average expectations
      NEW YORK (Reuters) - MetLife Inc , the largest publicly traded U.S. life insurer, issued profit forecasts for the fourth quarter and 2010 that could beat average Wall Street expectations.

    +RIM announces Blackberry China distribution deal
      BEIJING (Reuters) - Digital China, a Hong Kong-listed information technology company, is to distribute Research In Motion's Blackberry handsets, accelerating RIM's effort to expand into mainland China.

    +Cadbury to respond to Kraft offer on December 14
      LONDON (Reuters) - British confectioner Cadbury said on Monday it would post a formal response to Kraft's $16 billion takeover offer on December 14.

    +Dollar jump puts oil below $75
      LONDON (Reuters) - Oil prices fell below $75 a barrel on Monday as a rising dollar sent investors fleeing from risk and global markets began to speculate on a specific future date when the United States would raise its interest rates.

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