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Kiva to offer micro loans to US entrepreneurs

As the financial crisis continues to dampen the global economy, a popular online microlender to third world countries, Kiva.org, has now begun to offer loans to low-income entrepreneurs in the U.S.

Wall Street wilts as oil surges

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Stocks fell on Wednesday, dragged down by consumer, technology and industrial issues, after oil surged to a 7-month high, triggering worries it may curtail spending.

Accused Cuban spy couple ordered held in jail

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A former U.S. State Department official and his wife, accused of spying for the Cuban government for nearly 30 years, were ordered Wednesday to be kept in jail until their trial.
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Suu Kyi trial clouds Myanmar cyclone aid effort

Myanmar's trial of opposition leader Aung San Suu Kyi will hurt international efforts to help the army-ruled country's recovery from the devastation of Cyclone Nargis, donors said on Wednesday.
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Russia says expecting new North Korea missile test

Russia has information on North Korean plans to launch a ballistic missile but does not know when it will take place, Interfax news agency quoted a senior Russian military source as saying on Wednesday.
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Obama envoy says Palestinian statehood only option

U.S. envoy George Mitchell assured the Palestinians on Wednesday of Washington's commitment to a state of their own, calling its establishment the only viable solution to their conflict with Israel.
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Russia to sell U.S. treasuries, buy IMF bonds

Russia will reduce the share of U.S. treasuries in its forex reserves, the world's third-largest, a senior central bank official said on Wednesday, driving the dollar broadly lower.
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Home Depot raises profit forecast

Home Depot Inc said earnings could be flat this year, rather than falling as it previously forecast, saying the worst of the U.S. housing correction had passed.
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Senate Democrats unveil healthcare bill

Leading Senate Democrats unveiled on Tuesday a plan to reshape U.S. healthcare that calls for sweeping insurance market reforms and prohibits insurers from denying coverage or charging more due to medical history.
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U.S. mortgage demand withers as loan rates spike

Spiking U.S. mortgage rates drove down total home loan applications last week as demand for refinancing shriveled to the lowest level since November, the Mortgage Bankers Association said on Wednesday.
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Stock futures point to gains

Stock index futures pointed to a higher open on Wall Street on Wednesday, with futures for the S&P 500 up 1.3 percent, Dow Jones futures up 1.2 percent and Nasdaq 100 futures up 1.1 percent.
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Wall Street set for gains on commodities

Stocks headed for a higher open on Wednesday, as surging prices for oil and other commodities drove a global equities rally and Home Depot raised its outlook.
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Commodities, Home Depot to lift Wall Street

Stock futures pointed to a sharply higher open on Wednesday, as surging prices for oil and other commodities drove a global equities rally and Home Depot raised its outlook.
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Fiat to close Chrysler deal, shares rise

Italian car maker Fiat SpA was set to close its takeover of Chrysler on Wednesday in an ambitious move to survive and grow out of one of the worst crises in global auto industry.
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Bruised, China will shun mega-deals for now: bankers

China's pursuit of mega-sized deals with global leaders in strategic industries will slow as Beijing recovers from Anglo-Australian miner Rio Tinto's stunning rejection of a $19.5 billion tie-up with state-owned Chinalco.
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Stock index futures point to gains

U.S. stock index futures pointed to a higher open on Wall Street on Wednesday, with futures for the S&P 500 up 1.3 percent, Dow Jones futures up 1.2 percent and Nasdaq 100 futures up 1.1 percent.
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Rising U.S. mortgage rates sap loan applications

A spike in U.S. mortgage rates drove down total home loan applications last week as demand for refinancing shriveled to the lowest level since November, the Mortgage Bankers Association said on Wednesday.

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