MARKETS / FINANCE

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FDIC calls for big bank restructuring

America's big international banks may have to restructure and downsize their operations now, unless they can prove they will be easy to dismantle in another financial crisis, said U.S. regulator Sheila Bair.

Asia stocks rise and China manufacturing slows

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Asian stocks rose in early trade on Tuesday, tracking U.S. shares which gained on optimistic remarks from influential investor Warren Buffett, while Chinese manufacturing growth slowed to a six-month low.

Asia stocks rise, China manufacturing slows

IBTimes Logo
Asian stocks rose in early trade on Tuesday, tracking U.S. shares which gained on optimistic remarks from influential investor Warren Buffett, while Chinese manufacturing growth slowed to a six-month low.
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Analysts grapple with Glencore as trader trails IPO

Leading mining analysts will spend a second day in lengthy briefings with senior Glencore executives on Tuesday, seeking to understand a partnership that is simultaneously the world's biggest commodity trader, a sizeable miner, and a big investor.
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U.S. calls China's Baidu notorious market

The United States on Monday again put China's top search engine, Baidu Inc, on its annual list of notorious markets for counterfeit and pirated goods, fueling U.S. business community hopes for action in Congress against rogue websites.
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St Joe CEO resigns, win for Fairholme's Berkowitz

Mutual fund manager Bruce Berkowitz got a big victory in his quest to shake up money-losing Florida landowner St Joe Co , winning the resignation of its chief executive and gaining a majority on its board of directors.
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Buy Gold and Silver Safely - by Doug Eberhardt

Buy Gold and Silver Safely provides those answers by explaining why gold and silver need to be a part of everyone's portfolio, and helping people learn about buying or selling gold and silver... the safe way.
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Consumer spending slows, factories roar

U.S. consumer spending barely edged up in January as households took advantage of tax cuts to rebuild their savings, suggesting spending would offer only a modest lift to the recovery in the first quarter.
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East Asia growth may need to slow: World Bank's Lin

East Asia's economy may need to slow to address inflationary pressures but the region will likely continue to lead the globe in economic activity, World Bank Chief Economist Justin Yifu Lin said on Monday.
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Wall St ends up, oil muddies bullish picture

Bullish comments from Warren Buffett helped U.S. stocks end another good month on a high note on Monday, but uncertainty about oil prices could keep investors from pushing the market much higher.
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Transocean employee numbers fell by 6 pct in 2010

Transocean Ltd (RIGN.VX), the world's largest offshore rig contractor, shrunk its work force by 6 percent last year as increased competition for shallow-water rigs led to more older rigs being set aside.
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Wall St gains for third month

Bullish comments from Warren Buffett helped U.S. stocks end another good month on a high note on Monday, but uncertainty about oil prices could keep investors from pushing the market much higher.
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Consumer spending makes slow start, factories roar

U.S. consumer spending barely edged up in January as households took advantage of tax cuts to rebuild their savings, suggesting spending would offer only a modest lift to the recovery in the first quarter.
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CME to offer margining plan for rates, Treasuries

CME Group Inc on Monday unveiled a cross-margining plan that would help customers trading both interest rate and Treasury futures, as the world's largest derivatives exchange prepares for more competition.
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BofA M&A head Kaplan leaving, Baronoff to replace

Bank of America's global head of mergers and acquisitions Jeffrey Kaplan is leaving the bank to join hedge fund Appaloosa Management and will be replaced by Steven Baronoff who chairs that business, according to a memo obtained by Reuters on Monday.
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Blackstone to buy Centro malls for $9.4 billion: sources

Private equity firm Blackstone Group LP has struck a deal to buy nearly 600 U.S. strip malls and other properties from Australia's Centro Property Group for about $9.4 billion, people with direct knowledge of the transaction said on Monday.
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Barclays raises S&P 500 index 2011 target

Barclays Capital said it is more constructive about U.S. corporate earnings for 2011, citing increased confidence in financial sector margins and lower economic uncertainty, and raised its full-year price target for the S&P 500 index <.SPX> to 1,450 from 1,420.

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