UNITED STATES

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Fine for Credit Suisse raises Iran alarm

A surprise $536 million settlement by Credit Suisse to a U.S. probe over financial dealings with Iran should only do short-term damage to the Swiss bank, but others could now be in the line of fire.

Current account deficit widens in Q3

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The current account deficit widened as expected in the third quarter to $108 billion, largely driven by a big trade shortfall, a Commerce Department report showed on Wednesday.
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Obama pushes Senate Democrats to pass health bill

President Barack Obama pushed fractious Senate Democrats on Tuesday to pass a broad healthcare overhaul and said he was cautiously optimistic they could iron out their differences to win the 60 votes needed.
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U.S. to move some Guantanamo prisoners to Illinois

The Obama administration said on Tuesday it will move some Guantanamo Bay detainees to an Illinois prison and hold U.S. military commission trials there in plans immediately criticized as risky by Republicans.
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EU woos emerging nations for climate alliance

European leaders are courting some African, Asian and Latin American nations to counter the clout of China and the United States at the climate change talks in Copenhagen, French officials said.
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Obama writes letter to North Korea's Kim

U.S. President Barack Obama has written a personal letter to North Korean leader Kim Jong-Il amid efforts by the United States to persuade Pyongyang to return to nuclear disarmament talks.
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Most finance job-seekers open to pay cuts: survey

A majority of job-seekers in the finance sector would consider taking a pay cut since their job searches are taking longer than initially expected, according to a survey by an online career management company.
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NY's Stuyvesant Town tenants, landlord reach deal

The landlord and tenants of a vast New York City apartment complex have reached an interim rental agreement for 4,000 apartments hit with illegal rent increases, attorneys for the two sides said on Monday.
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US mortgage applications edge up in latest week

U.S. mortgage applications nudged higher last week, marking a third straight weekly rise, driven by a slight uptick in demand for home refinancing loans, an industry group reported on Wednesday.
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Stocks set to open up after data

Wall Street was set to rise at the open on Wednesday after data showed consumer prices did not overheat in November, quelling inflation worries ahead of a statement from the Federal Reserve that will be scrutinized for clues on the state of the world's largest economy.
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Myanmar junta lets Suu Kyi meet party elders

Detained Myanmar opposition leader Aung San Suu Kyi was briefly allowed out of her home on Wednesday by the military government to meet senior members of her party and one said they had agreed to changes in the party leadership.
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Housing starts rise less than expected

New housing starts rose but were lower than expected in November as construction activity for single family dwellings increased only marginally, a government report showed on Wednesday.
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Iran tests missile, warns opposition leaders

A senior Iranian oil official said on Wednesday a move by U.S. lawmakers to target the Islamic Republic with fuel sanctions would not cause any problems because Tehran had many suppliers.
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Bank rules lift global stocks; dollar eases

Global equities edged higher on Wednesday, led by banks after a report that global banking regulators are eyeing delaying the implementation of new capital rules, while gold and crude prices were also in demand.
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White House pushes policies to spur manufacturing

The United States must improve the business climate for manufacturers and not place undue regulatory burdens on the sector, the White House said on Wednesday ahead of a meeting focused on the industry.
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White House pushes policies to help manufacturing

The United States must improve the business climate for manufacturers and not place undue regulatory burdens on the sector, the White House said on Wednesday ahead of a meeting focused on the industry.
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EU accepts Microsoft browser offer, no fine

EU antitrust regulators accepted on Wednesday Microsoft's offer to allow users in Europe choose rival Internet browsers, ending a decade-long dispute and averting a possible fine for the company.

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