UNITED STATES

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Fed parses job numbers for clues on U.S. economy

Two top Federal Reserve officials pointed on Monday to last month's surprisingly weak jobs report as all the more reason to take a wait-and-see approach to a U.S. economy that, in general, is improving.

SEC looks to economists for legal cover

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The U.S. Securities and Exchange Commission is taking extra steps to bulletproof its rulemaking, after U.S. appeals court judges, Republican lawmakers and government watchdogs have criticized how the agency measures the economic impact of its rules.
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Yanacocha gold mine in Peru

Gold Prices Fall in Quiet Trading

Gold prices fell in quiet trade on Monday, following crude oil's losses, as worries about Spain's ability to repay its debt and a resurgent euro zone debt crisis extended bullion's loss to a second day.
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Soros warns euro crisis could destroy the EU

Billionaire George Soros warned on Monday that the euro crisis is growing deeper, tearing at the fabric of European Union cohesion, because policymakers are prescribing the wrong remedies.
Chinese Hacking

U.S. And China Hold Secret Cyber War Games

Last year, representatives from the State Department and the Pentagon took part in two exercises with their Chinese counterparts where they had to describe what they would do if it emerged the other side was behind the release of a sophisticated computer virus damaging national assets.
Saajid Badat

Shoe Bomber's Prison Sentence Cut For Informing

The prison sentence of would-be shoe bomber Saajid Badat was reduced by two years after he agreed to testify against Adis Medunjanin, one of the men who planned on bombing the New York City subway in 2009.
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Coty woos Avon shareholders, outlines financing

Coty Inc on Monday urged Avon Products Inc shareholders to ask their company to give Coty a look at inside information, which would give the private cosmetics company a chance to then offer its best price.
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McDonald's taps Fenton as chief operating officer

McDonald's Corp will promote Tim Fenton, currently president of its Asia, Pacific, Middle East and Africa unit, to the post of chief operating officer effective July 1, the world's biggest fast-food chain said on Monday.
World Bank Board Opts for another American as New Chief

World Bank Selects Jim Yong Kim As President

The World Bank on Monday selected Jim Yong Kim as its next president. The World Bank presidency has gone to a U.S. candidate since the organization was founded at the Bretton Woods conference.
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Nokia hits new low as Moody's cuts rating

Moody's dealt a fresh ratings blow to Nokia on Monday, dragging its shares to their lowest level in 15 years and reflecting the Finnish handset maker's struggle to compete with Apple and Samsung.
Ahmadinejad

Iran Nuclear Talks: Round Two In Baghdad

The round of nuclear negotiations between Iran and six world powers will take place in Baghdad, Iraq late next month. Following Saturday's discussions in Turkey, Tehran agreed to hold more talks, a landmark step after years of stalled negotiations around the Islamic Republic's developing nuclear program.
Spain

Spain's Yields Rise Above Critical 6% Level

Spain's debt yields rose above 6 percent on Monday as investors worried about its budget deficit, knocking the euro and sending safe-haven German bonds to a record last set at the height of the euro zone crisis.

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