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U.S. growth revival won't budge the Fed

The U.S. economy probably closed out 2009 with the fastest growth rate in nearly four years, yet it won't be enough to tempt the Federal Reserve to lift record-low interest rates.

Growth revival won't budge the Fed

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The U.S. economy probably closed out 2009 with the fastest growth rate in nearly four years, yet it won't be enough to tempt the Federal Reserve to lift record-low interest rates.

HP to launch music service in Europe

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Hewlett-Packard, the world's biggest maker of PCs, will launch a digital music service across key European markets on Monday, hoping to benefit from consumers' rising appetite for new types of music download services.
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Embattled Bernanke edges closer to a second term

Embattled Federal Reserve Chairman Ben Bernanke edged closer to winning support for a second term after the Senate's Republican leader predicted confirmation and Democrats aimed to have a vote this week.
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Afghanistan delays parliament poll

Afghan election authorities have agreed to push back a parliamentary election to September from May, pleasing diplomats who wanted time to prevent a repeat of the rampant fraud that plagued a presidential vote last year.
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New nuclear deal 95 percent agreed: Medvedev

Russian President Dmitry Medvedev said on Sunday that a deal with the United States on a landmark nuclear arms reduction treaty was 95 percent agreed, news agencies reported on Sunday.
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Obama retools presidency amid turmoil

Just a year into his presidency and already in need of a political comeback, Barack Obama is trying to regain momentum by focusing on two hot-button problems: joblessness and reining in the Wall Street bankers many blame for the lackluster economy.
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Swiss not yet handed over UBS client data: report

Switzerland has not yet handed over data on clients of UBS to the U.S. authorities as part of a probe into possible tax evasion among wealthy bank customers, a government spokesman was quoted as saying on Sunday.
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GM expects to need new China plant as sales rise

General Motors expects it will need to build a new greenfield manufacturing facility in the near future in China to accommodate strong growth in the world's largest auto market, but it will not be building a plant this year, its China president said on Saturday.
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Berlin plans G20 financial oversight meeting

Germany will host a meeting of the Group of 20 nations in May to focus efforts on reforming financial regulation in the wake of new U.S. proposals for governing banks, a finance ministry spokesman said.
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Haiti mourns its dead, government ends rescue operation

Haiti mourned its dead on Saturday and hundreds gathered in the ruins of a wrecked Catholic cathedral to honor an archbishop and other victims killed in last week's earthquake as the government ended search-and-rescue operations.
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Biden visits Iraq amid election row

Vice President Joe Biden told Iraqi officials on Saturday the United States backed a ban on Saddam Hussein's Baath party and said he had faith Iraq would resolve a row over the banning of election candidates suspected of links to it.
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Obama says court ruling a blow to democracy

President Barack Obama launched an extraordinary attack on the Supreme Court on Saturday, saying a ruling on corporate donations to political campaigns this week strikes at democracy itself.
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Financial stability board welcomes Obama bank plan

The Financial Stability Board , charged by the G20 to coordinate national regulation in response to the financial crisis, on Saturday welcomed U.S. proposals to limit banks' size and trading activities.
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Bernanke second term in doubt

Ben Bernanke's confirmation to a second term as Federal Reserve chairman suddenly appeared in jeopardy on Friday even after U.S. Senate Majority Leader Harry Reid said he would back him.
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China says it needs no Internet lessons from U.S.

China needs no lessons about its Internet from the United States, the head of an online media association said through official media on Saturday after the United States rapped Beijing over information freedom.
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Gold prices to behave like a roller-coaster ride

¨Gold prices will continue to witness an uptrend in 2010 but investors should expect continued high volatility-resembling an amusement park roller coaster ride, according to Jeffrey Nichols, Senior Economic Advisor to Rosland Capital. In his latest commentary on market trends, Jeffrey Nichols said that gold prices won't move up higher without interruption.The two main sources of gold price volatility will continue to be the investment demand for the yellow metal and volatility in dollar's exchan...
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Options risk gauge jumps on bank, political worries

A favorite Wall Street measure of investor anxiety surged on Friday as U.S. stocks sank on concerns over the White House's plan to rein in risk-taking by banks indicating more stock market turmoil in weeks ahead.
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China, U.S. spar over Internet censorship

China hit back at U.S. criticism of Internet censorship and hacking on Friday, warning that relations between the two global heavyweights were being hurt by a feud centered on web giant Google.
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Motorola files U.S. ITC complaint against RIM

Motorola Inc has asked U.S. regulators to bar Research In Motion from the U.S. sale of its products, accusing the BlackBerry maker of infringing on five Motorola technology patents.
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AIG's bailout disclosure surprised NY Fed

New York Federal Reserve officials debated in November 2008 whether the terms of the bailout of American International Group could be kept secret from the public and whether securities regulators would even permit it to do so, according to emails obtained by Reuters on Friday.

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