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N. Korea worries overshadow trade as Obama, Lee meet

President Barack Obama and South Korean President Lee Myung-bak are expected to show a united front against North Korea when they meet on Tuesday, but they may not make much progress on free trade pact that has been stalled for two years.
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U.S. likely to lose AAA rating: Prechter

Technical analyst Robert Prechter on Monday said he sees the United States losing its top AAA credit rating by the end of 2010, as he stuck by a deeply bearish outlook on the U.S. economy and stock market.
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Protesters plan more mass rallies in Iran

Iran's hardline Islamic Basij militiamen killed at least one person on Monday and wounded more when their building was attacked by demonstrators protesting an election they say was stolen by President Mahmoud Ahmadinejad.
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BofA's BlackRock stake grows more appealing

Bank of America Corp, hoping to repay $45 billion of government money, is less likely to raise the funds by selling its big stake in BlackRock Inc after the asset manager buys Barclays Global Investors, analysts said.
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IMF chief warns it too soon to roll back stimulus

The head of the IMF warned on Monday it was too soon to discuss rolling back stimulus spending, saying the world economy had yet to weather the worst of a recession that has hammered industrial output and claimed a record number of European jobs.
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Syms-Vornado win Filene's with $62.4 million bid

The second bankruptcy auction for off-price retailer Filene's Basement was won on Monday by a joint $62.4 million bid by discount clothier Syms Corp and developer Vornado Realty Trust , a restructuring expert advising Boston-based Filene's said.
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Merkel for talks with Obama on Iran, Middle East

Angela Merkel will meet U.S. President Barack Obama in Washington in late June for talks on Iran's presidential election, Middle East peace and next month's G8 summit, a spokesman for the German chancellor said on Monday.
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Obama faces dilemma over Iran's disputed election

The Obama administration faces a dilemma over how to respond to Iran's disputed election. Analysts say that strong criticism could backfire but a muted response leaves an impression of weakness.
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Airbus nears A350 loan decision

European planemaker Airbus took a step closer to winning government loans to develop its A350 jetliner on Monday, drawing an immediate response from U.S. rival Boeing which called the move illegal.
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U.S. senators ask FCC to review mobile handset deals

Several U.S. senators urged regulators on Monday to review exclusive arrangements regarding mobile handset technology between wireless carriers and cell phone makers and how they affect competition and choice in the marketplace.
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Obama's Five Steps for Improving US Finances

In the wake of the latest economic crisis, President Obama’s top economic officials today issued five proposals for improving the U.S. financial system that would expand the government’s authority to regulate financial companies and their products.
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U.S. home-builder sentiment slips in June

U.S. home-builder sentiment slipped in June, a private survey showed on Monday, as higher mortgage rates and an ongoing credit crunch dampened expectations for the sector.
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U.S. homebuilder sentiment lower in June

U.S. homebuilder sentiment slipped in June, a private survey showed on Monday, as higher mortgage rates and an ongoing credit crunch damped expectations for the sector.
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Germany pledges Zimbabwe 25 million euros in aid

Germany pledged 25 million euros in aid to Zimbabwe on Monday and Chancellor Angela Merkel said Berlin could provide more support if the poverty-stricken country undertakes more democratic reforms.
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Goldman's Cohen sees inflation at bay

One of Wall Street's most influential strategists said on Monday the U.S. Federal Reserve is unlikely to ratchet back efforts to stimulate the economy soon, and that it was too early to worry about inflation choking off what would likely be a fitful recovery.

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