U.S.

US REITs seeking billions in IPOs, follow-ons

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Several large investment firms are creating new lending companies that plan to go public to raise billions of dollars to take advantage of the distress in the commercial real estate market, and more are on the horizon.
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China's forex record gets US out of jam

China's foreign exchange reserves are surging again, which, according to the report of People's Daily Online, helps the Obama administration drag its economy out of a recession by holding a record-high US debt by the end of May.
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US Airways to cut 600 airport jobs

US Airways Group on Tuesday said it would reduce airport staffing by 600 jobs this fall because of weak demand for business travel and declining revenue.
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US Fixed Income Report 7/13

US TREASURIES reversed from the recent highs on Monday after equities posted a strong rebound from overnight lows after Goldman Sachs received a strong buy recommendation based upon expectation of the leading Wall Street firm posting better than expected earnings driven by record breaking revenues from its trading activities.
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State Street buys back warrants for $60 mln-US Treasury

The U.S. Treasury said on Friday that State Street Corp. paid $60 million to buy back stock warrants, becoming the first of the largest U.S. banks to completely free itself from the government's financial bailout program.
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Best of rally in US REIT bonds likely past

A dramatic rally in bonds of U.S. real estate investment trusts may not be sustainable as the sector faces a protracted slump in property values, low occupancy rates, and weakened credit markets.
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US office market continues to spiral down--report

The U.S. office market vacancy rate reached 15.9 percent in the second quarter, its highest in four years and rent fell by the largest amount in more than seven as demand from companies and other office renters remained weak, real estate research firm Reis said Inc.
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US says has far less than 52,000 UBS account names

U.S. tax authorities have discovered far fewer than the 52,000 accounts with Swiss bank UBS AG suspected of being used by Americans to avoid taxes, the U.S. government said in a court filing on Monday.
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Obama agrees arms cuts, Afghan transit with Russia

Visiting President Barack Obama and Kremlin leader Dmitry Medvedev agreed a target for cuts in nuclear arms and a deal to let U.S. troops fly across Russia at the start of a trip intended to mend strained ties.
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U.N.'s Ban rebukes Myanmar generals

U.N. chief Ban Ki-moon rebuked Myanmar's generals on Saturday for denying him a visit to see detained opposition leader Aung San Suu Kyi and said she should be allowed to take part in politics before 2010 elections.
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U.N.'s Ban meets with Myanmar's junta supremo

Myanmar junta supremo Than Shwe smiled briefly but gave nothing away as he listened Friday to U.N. chief Ban Ki-moon, at the start of what Ban has called a tough mission to promote democratic reform.
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U.N.'s Ban says to urge Myanmar to release Suu Kyi

U.N. Secretary-General Ban Ki-moon will strongly urge Myanmar's ruling generals to release all political prisoners, including Aung San Suu Kyi, when he visits the country this week, he told reporters in Tokyo on Tuesday.
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US copper hits 2-week, over-looks China buying halt

U.S. copper futures climbed to a two-week high early Monday, as investors over-looked an overnight confirmation that China has halted its red metal purchases and bid the market up in line with equities.
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Netanyahu says hopes for US settlement understanding

Israeli Prime Minister Benjamin Netanyahu said on Wednesday he hoped to reach an understanding with Washington over Jewish settlements in the West Bank, but an Israeli official predicted the dispute would be hard to resolve.

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