UNITED STATES

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U.S. commercial paper, ABS recover from drubbing

U.S. commercial paper issuance, including the troubled asset-backed sector, rose for the first time in a month in a sign of progress in an otherwise bleak outlook for credit and the economy, new data released on Thursday showed.

Oil rises above $100 on weak dollar

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Oil rose towards $101 a barrel on Thursday, trading within sight of its record high, as the U.S. dollar sank to a new low and after a supply cut in Nigeria, Africa's top exporter.

Sprint posts huge loss, scraps dividends

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Sprint Nextel Corp posted a $29.45 billion quarterly loss on Thursday due to a huge impairment charge and forecast that subscriber losses will deepen in the first quarter, pushing its shares down 10 percent.
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Jay Leno quietly courted for next gig: report

Jay Leno has nearly two years left on the clock at The Tonight Show on NBC, but rival networks and at least one TV studio are said to be quietly, unofficially, courting the comedian with offers to keep him on the late-night circuit.
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Treasuries slightly lower on Fannie, Freddie, Bernanke

Treasury notes turned slightly lower lower on Wednesday after regulators removed some lending restrictions from Fannie Mae and Freddie Mac, and Federal Reserve Bank Chairman Ben Bernanke indicated a willingness to continue lowering interest rates.
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Dollar Falls Below $1.51 for First Time

The dollar crossed under the $1.51 per euro mark for the first time on Wednesday after Federal Reserve Bank Chairman Ben Bernanke signaled that the Fed could continue to lower interest rates.
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EU opens in-depth probe into aid for German banks

The European Commission opened in-depth investigations on Wednesday to determine if billions of euros in German government assistance to two banks, hit by the U.S. sub-prime market crisis, amounted to illegal state aid.
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Major powers look at new ways to get Iran to talks

Major powers are looking for new ways to draw Iran into negotiations over its nuclear program while simultaneously pushing for more U.N. sanctions, U.S. officials and diplomats said on Tuesday. Political directors from the permanent five members of the U.N. Security Council -- Russia, China, the United States, Britain and France -- as well as Germany, met in Washington on Monday to discuss how to tweak their Iran strategy.
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Japan Stocks Cross 14,000

Japan stocks buoyed Wednesday led by Asian stock markets' high stock prices and the news of sharp equity rises across Asia.
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FX Summary - Feb 26

Traders sold the greenback after key economic data reinforced the current dilemma facing the US Federal Reserve. The dollar slipped past the 1.49-level against the euro and relinquished the 0.93-mark versus the Aussie. Persistent
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Gold, Silver Futures Rise in NY

Gold and silver futures rose after a report showed U.S. producer prices rose more than expected last month, increasing the appeal of the precious metals as a hedge against inflation.
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Treasury meets Abu Dhabi, Singapore funds: report

Treasury officials have met executives from two of the world's largest sovereign wealth funds to discuss embracing a set of promises not to use their wealth for political advantage, the Wall Street Journal reported on Tuesday.
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BSE Sensex up 1.7 percent as Reliance stock surges

India's prime stock index, the BSE (Bombay Stock Exchange) Sensex, climbed 1.7 percent or 301.50 points, Monday, to 17,650.57, with 26 components rising, riding on the wave of renewed confidence of investors who are looking forward to a positive budget being announcement by the Central Government.

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