UNITED STATES

U.S. President Barack Obama

Obama Energy Speech Preview: Oil to Decline as 'Clean' Alternatives Fill Void

President Barack Obama on Wednesday is expected present a vision of decline for the U.S. oil industry in next two decades, highlighting its lack of development at existing land leases as the country shifts to other 'Clean Energy' industries linked to nuclear power, 'clean coal,' natural gas, biofuels, wind and solar power.
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A woman opens a glass door with a "Now Hiring" sign on it as she enters a Staples store in New York

US private sector employment rose by 201,000 in March: ADP

Private sector employment in the US rose in March, indicating improved labor conditions. U.S. nonfarm employment increased by 201,000 in March compared with downwardly revised figure of 208,000 jobs in February, ADP report showed on Wednesday.
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Barclays may move headquarters to NY: report

Barclays Plc is considering moving its global headquarters from London to New York due to the threat of higher capital requirements in the UK, the Wall Street Journal reported on Wednesday.
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Gold price shoots up in European trading

Gold shot up by nearly one percent on Wednesday, after four sessions of losses amid broad support from unrest in the Middle East and North Africa, but gains may stay limited by expectations monetary policy in key regions may tighten. Spot gold was bid at $1,430.55 an ounce at 1344 GMT, against $1,415.95 late in New York on Tuesday.
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DuPont says extends Danisco offer

U.S. chemicals company DuPont extended its $6 billion takeover bid for Denmark's Danisco by four weeks and said shareholders of 6 percent of Danisco's stock had accepted the offer.
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Valeant seeks to buy Cephalon for $5.7 billion

Canadian drugmaker Valeant Pharmaceuticals International said it made an unsolicited $5.7 billion bid to buy Cephalon Inc and plans to make its case directly to Cephalon shareholders.
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China economist blasts dollar dominance on eve of G20

Dollar dominance is sowing the seeds of financial turmoil, and the solution is to promote new reserve currencies, a Chinese government economist said in a paper published on the eve of a G20 meeting about how to reform the global monetary system.
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Brent steady near $115

Brent was steady near $115 on Wednesday, after falling as much as 0.6 percent on indications that higher fuel prices were weighing on consumer confidence in top user the United States, where crude inventories rose more than expected last week.
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Facebook investor joins funding round for 360buy.com: report

Russian Internet investment group Digital Sky Technologies, an investor in social network company Facebook, has joined a group of investors funding hundreds of millions of dollars to 360buy.com, China's largest online retailer, the Financial Times reported.
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Gap opens online store on Taobao Mall

U.S. apparel brand Gap Inc opened an online store on China's biggest e-commerce platform Taobao on Wednesday, in an effort to lure savvy Chinese shoppers outside wealthy cities.
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Qantas to curb flights, cut jobs to offset fuel

Australia's Qantas Airways plans to scale back some flights and cut management jobs to help offset soaring fuel prices and an estimated A$140 million ($144 million) hit to its earnings from a string of natural disasters in key markets.
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Fed says will miss debit fee rule deadline

The Federal Reserve will not meet an April 21 deadline for issuing a final rule cracking down on the fees banks charge merchants when a debit card is used, Fed Chairman Ben Bernanke said in a letter to U.S. lawmakers on Tuesday.

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