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World Market Overview 21/03/2011

U.S. stocks climbed higher Friday, as fears of increased violence in Libya ebbed and currency interventions helped to relieve investor worries over Japan's economy.

Coalition Planes Pound Libyan Targets; Arab League Criticizes Civilian Deaths

ritish Eurofighter EF-2000 Typhoon jets land at the Gioia del Colle NATO Airbase in southern Italy March 20, 2011.
British, French and American jets conducted bombing and attack operations over Libya on Sunday to enforce a no-fly zone over the country meant to stop leader Muammar Gaddafi's forces from killing civilians as the Arab League criticized the assault, saying casualties among civilians had occurred nonetheless.
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Traders work on the floor of the New York Stock Exchange

US stocks advance after G-7 Intervention

US stocks advanced in early trade on Friday after the Group of Seven (G-7) Finance ministers had agreed to intervene in the markets to stabilize the Japanese yen.
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Brent tops $116 as Libya braces for U.N.-backed action

Brent crude jumped by more than $1 to $116 on Friday on fears of rising geopolitical tension in the oil-rich Middle East and North Africa, after the United Nations approved military action to contain Libyan leader Muammar Gaddafi.
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G7 agrees to joint currency intervention to help Japan

The Group of Seven industrial nations agreed on Friday to jointly intervene in the currency market to stem a sharp yen rise that complicates Japan's battle with the devastation caused by last week's violent earthquake and an unfolding nuclear crisis.
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G7: agrees on joint FX intervention from March 18

The Group of Seven finance chiefs said authorities from the United States, Britain, Canada and the European Central Bank will join with Japan in joint foreign exchange intervention from Friday, at the request of the Japanese authorities.
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Yen falls after G7 deal, further downside seen

The yen skidded on Friday after the Group of Seven finance ministers agreed to act to limit the currency's strength, with the dollar popping above 81 yen in a move that could put further pressure on players to unwind long yen positions.
Libya's leader Muammar Gaddafi

UN Approves Military Force Against Gaddafi Forces

The United Nations Security Council has approved military strikes on Libyan air defenses, a move following weeks of talks led by France, Britain and the United States to mobilize the international community to take action against the regime of Muammar Gaddafi, which is engaged in armed conflict with rebels.
Kate Middleton and Prince William

Royal Wedding to air live on BBC

The network will broadcast live footage of the wedding internationally and promises an authentic British take on all the events, according to a statement by the broadcaster via The Hollywood Reporter.
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Five banks in Libor probe: source

Regulators probing alleged manipulation of Libor rates, the benchmark for interbank borrowing costs, are focusing on five lenders, a person familiar with the matter said on Thursday.
Hillary Clinton

U.S. Supports Libya No-Fly Zone, Seeks Broader Action

U.S. Secretary of State Hillary Clinton said on Thursday that establishing a no-fly zone over Libya would require the bombing of air defenses, as the U.S. seeks broad action to protect civilians fighting Libyan leader Muammar Gaddafi's regime.
Aluminum iphone 5

iPhone 5 latest rumors, Where it Stands?

iPhone 5 is rumored to feature Near Field Communication (NFC) technology, slide-out keyboard, dual-SIM cards support and expected to sport Qualcomm’s Gobi chip.

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