MARKETS / FINANCE

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Gold steady after first weekly rise

Gold held near $1,350 an ounce on Monday after the metal's first weekly rise this year supported investor confidence in the metal, though a more optimistic view of the global economic outlook is continuing to weigh on prices.
'Climategate' emails undermined belief in global warming among weathercasters’

Green job creation risks backfiring: Lomborg

Investments to create new jobs in clean energies risk backfiring by curbing employment in other parts of the economy, a study commissioned by Danish Skeptical Environmentalist Bjorn Lomborg said on Monday.
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Copper hits record; stocks, Treasury yields up

World stocks rose on Monday, hovering near a 29-month high on further signs of global economic recovery, and copper rallied to a record high while U.S. 10-year Treasury yields hit their highest since May.
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Stocks near 29-month highs, copper hits record

World stocks rose on Monday, hovering near a 29-month high on further signs of global economic recovery, and copper rallied to a record high while U.S. 10-year Treasury yields hit their highest in 10 months.
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Ford's Lincoln on track to cut number of U.S. dealers

Ford Motor Co wants to cut its dealership count for U.S. luxury brand Lincoln to about 325 from the current 434 in big metro areas, where it hopes to win over buyers of premium autos, Ford executives said on Sunday.
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Asian stocks near 3-year highs on U.S. data

Asian stocks pushed toward a near three-year peak on Monday as the U.S. job market showed further signs of recovery, highlighting a brighter economic outlook, while the dollar eased against a basket of currencies.
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Asian stocks hold gains on U.S. job data

Asian stocks clung to early gains on Monday as the U.S. job market showed further signs of recovery, highlighting a brighter outlook for its economy, while the dollar firmed against a basket of other major currencies.
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Nasdaq hackers another blow to investor confidence

News that computer hackers had infiltrated the operator of the Nasdaq Stock Exchange is the latest blow for Wall Street as it works to repair an image with investors and traders dented by last year's flash crash.
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For Bernanke, no escaping politics now

For a Federal Reserve chairman who is worried about politics interfering with monetary policy, Ben Bernanke is taking on some awfully heated political topics.
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Market could rally on profits, technical

With earnings continuing to surprise on the upside and minimal technical resistance ahead, the bears may have to wait a bit longer for the much-anticipated end to the current stock rally.
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U.S. to force Wall Street to defer half of bonuses

U.S. regulators will propose on Monday that executives at the largest financial institutions have half of their bonuses deferred for at least three years as part of efforts to curb excessive risk taking, according to two people familiar with proposal.
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Hackers breach Nasdaq's computers

The operator of the Nasdaq Stock Market said it found suspicious files on its U.S. computer servers and determined that hackers could have affected one of its Internet-based client applications.
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Nasdaq finds suspicious files in hacker probe

Exchange operator Nasdaq OMX Group Inc found suspicious files on its U.S. computer servers and determined one of its Internet-based client applications was potentially affected by hackers, the Nasdaq Stock Market's parent company said on Saturday.
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PIMCO says Europe should relieve Greece of debt

Europe should relieve Greece of some of its debt burden as its savings program would only stifle economic growth, the head of the world's biggest bond fund was quoted as saying in a German magazine on Saturday.
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BofA creates foreclosure unit and appoints chief

Bank of America Corp appointed on Friday a new foreclosure and loan modifications czar, and created a new unit to oversee problem home loans in a bid to sort out its on-going foreclosure issues, becoming the first large U.S. bank to do so.

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