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Finance help wanted for Citigroup board

Citigroup Inc may benefit from a push to install more directors with financial industry experience after a board heavy with Fortune 500 chief executives oversaw a disastrous push into risky debt.

U.S. energy chief urges OPEC to spare world economy

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U.S. Energy Secretary Steven Chu said late on Friday that OPEC ministers should take into account the harm high oil prices can do to the global economy when they meet in Vienna this Sunday to discuss whether to carry out another oil production cut.
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U.S. SEC to meet April 8 to weigh uptick revival

The U.S. Securities and Exchange Commission said it will meet on April 8 to consider whether to propose short sale price test rules, which could include reinstating the so-called uptick rule.
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U.S. trade gap narrows, consumers slightly less grim

U.S. consumer pessimism receded in March, according to a survey released on Friday, while the trade deficit narrowed in January to its smallest in more than six years as imports fell amid collapsing domestic demand.
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Madoff's lawyers want him freed from jail on bail

Lawyers for Bernard Madoff argued that a U.S. court erred in jailing him pending sentencing and will ask an appeals court to reinstate his bail and house arrest, according to court papers filed on Friday.
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BofA CEO shouldn't be chairman, big investor says

A longtime banking executive who sold his company to a Bank of America Corp predecessor is calling on other shareholders to oust the embattled Kenneth Lewis as chairman of the largest U.S. bank.
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Moment of truth for Merrill bonus names next week

New York State Supreme Court Justice Bernard Fried said at the end of a hearing on Friday that he would issue a ruling within the next week in a legal tussle between New York Attorney General Andrew Cuomo and Bank of America Corp , which bought Merrill on January 1. The judge will rule whether the names of 200 top bonus earners at Merrill Lynch & Co should be kept confidential.
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Tax havens agree to crack open the vault

Switzerland, Austria and Luxembourg offered to relax strict bank secrecy in some tax evasion cases on Friday in a response to a global crackdown on tax havens that is rattling the offshore banking industry.
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Wall Street slides as banks fade, tech weighs

U.S. stocks fell on Friday as uncertainty about how the government will help clean up bank balance sheets tempered earlier optimism and hurt financial shares, while large-cap techs weighed.
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U.S. must lead world regulatory improvements: Summers

Top White House economic adviser Lawrence Summers on Friday called for the United States to lead a global effort to improve regulatory standards and warned against allowing regulators to compete against one another.
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European tax havens make concessions on bank secrecy

Switzerland, Austria and Luxembourg offered to relax strict bank secrecy in some tax evasion cases on Friday in a response to a global crackdown on tax havens that is rattling the offshore banking industry.
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HK shares jump 4.4 pct; best weekly gain in 6 wks

Hong Kong shares jumped 4.4 percent in its fourth day of gains on Friday, leading the main index to its best weekly rise in a month and a half, with China stocks outperforming as investors continued to cheer hints of economic recovery in the mainland.
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Pakistan Taliban say 24 dead in U.S. missile strikes

PESHAWAR, Pakistan (Reuters) - Taliban militants recovered 24 bodies and were searching for more on Friday, hours after suspected U.S. drones destroyed a camp in Pakistan's northwestern region, militants and officials said.
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Fitch cuts Roche rating on Genentech deal

Fitch Ratings on Friday cut its credit rating and outlook on Roche Holding citing the company's increased debt after a deal was reached for it to buy the 44 percent it did not already own in Genentech.
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G20 rift deepens ahead of crisis response talks

Japan joined the U.S. push for more government spending to fight the economic crisis on Friday but G20 unity looked seriously compromised after Paris accused Washington of disregarding the urgent need for tough market regulation.
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U.S. consumers' mood edges up in March

U.S. consumers' mood improved unexpectedly in March as confidence in government economic policy improved, but sentiment remained anemic overall and close to a record low, a survey showed on Friday.
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China green car dream meets economic reality

China's campaign to bring cleaner, low-emission vehicles to its roads may take a back seat as the government seeks first to stimulate growth and counter dwindling sales in the world's largest car market.

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