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Germany's market curbs rattle Wall Street

Stocks dropped on Wednesday after Germany's decision to ban naked short-selling of certain financial instruments and comments from its chancellor on the safety of the euro rattled investors.

Loan demand to buy homes sinks to13-year low

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Demand for loans to buy U.S. homes shriveled to a 13-year low last week, following the expiration of federal tax credits, while near-record low mortgage rates stoked refinancing, the Mortgage Bankers Association said on Wednesday.
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Consumer prices support Fed's low-rate vow

Consumer prices unexpectedly fell in April, the first decline in a year, and the core annual rate recorded its smallest gain since 1966, suggesting scope for the Federal Reserve to keep interest rates near zero for some time.
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Samsung eyes early launch of bada-phone

Samsung Electronics plans to launch the first smartphone based on its own operating system in the next few weeks, as it seeks to catch up with bigger rivals in the booming high-end market.
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Futures drop as Germany bans some short selling

Stock index futures fell sharply on Wednesday, with markets rattled by Germany's decision to ban naked short selling of certain financial instruments and comments from its chancellor that the euro was in danger.
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Oil - Investors Continue Dump Commodities...

The market remains under pressure as Germany's ban on short-selling activities triggered a new round of panic selling in risky assets. WTI crude oil price extends the 7th-day decline to as low as 67.9, the lowest level since September 30, 2009. The contract has plummeted more than -20% so far in May. Despite a plunge below the OPEC's preferred range of 70-80, Saudi Arabia's financial minister stress that he's not worried about the decline and the country will commit to the planned projects.
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Gold eases amid euro slump

Gold prices eased in Asian trade Wednesday even after reports of a tumbling euro. Gold for immediate delivery was seen trading at $ 1213.75 an ounce at 11.00 a.m Singapore time while U.S. gold futures for June delivery was at 1213.31 an ounce e at the same time.
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Euro and stocks shaken by German moves

The euro hit another four-year low on Wednesday and stocks slumped after Germany's move to ban some naked shorting and German Chancellor Angela Merkel said the euro was in danger.
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Euro skids as shares tumble on German ban

The euro fell to a fresh four-year low on Wednesday after a German move to sharpen financial regulation raised doubts about the prospect for global recovery, pulling down Asian stocks, metals and crude oil.
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German ban on risky bets seen backfiring

Germany banned risky bets on bonds, stocks and credit protection, stunning investors and setting euro zone markets up for a rough ride on Wednesday amid fears Berlin's attack on speculation will backfire.
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Euro skids, shares tumble on German ban

The euro fell to a fresh four-year low on Wednesday after a German move to sharpen financial regulation raised doubts about the prospect for global recovery, pulling down Asian stocks, metals and crude oil.
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Euro skids and shares tumble on German ban

The euro fell to a fresh four-year low on Wednesday after Germany moved to sharpen financial regulation, taking down commodities and Asian stock markets in its wake as investors stampeded out of riskier assets.
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Hewlett-Packard raises outlook

Hewlett-Packard Co's quarterly results beat expectations and it raised its full-year earnings outlook on demand for personal computers and servers as well as a resurgence in its printing business.
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Google to fight government if AdMob deal blocked

Google Inc Chief Executive Eric Schmidt said on Tuesday his company is prepared to fight the U.S. government very hard if regulators block the search leader's acquisition of mobile advertising firm AdMob.
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Itau Unibanco says BofA to sell $4.5 billion stake

Bank of America Corp agreed to sell preferred and common shares of Brazil's Itau Unibanco in a deal valued at 8.16 billion reais ($4.5 billion), ending a partnership started in 2006 when the Brazilian bank took over the local unit of FleetBoston Financial.
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SEC still at loss to explain market plunge

Regulators still have not been able to pinpoint the cause of the market's recent plunge, but charged ahead with new rules to restrict trading when markets are in free-fall.
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Senate backs role for states in Wall Street reform

The Senate voted to give state authorities a role in enforcing new bank consumer protection rules as lawmakers sought on Tuesday to complete their financial regulation package before a series of final votes on landmark Wall Street reform.
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SEC unveils new trading curbs for large stocks

The largest U.S. stocks face new trading curbs after regulators on Tuesday unveiled a plan meant to avoid a repeat of the mysterious May 6 market drop that quickly spiraled out of control.

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