MARKETS / FINANCE

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Inflows may pressure emerging markets: Stiglitz

Smaller developing countries should prepare measures to be able to cope with inflows of cash as investors look for bigger returns outside sluggish developed economies, Nobel Prize winning economist Joseph Stiglitz said on Friday.

AIG comes out of hiding on employee ID cards

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Bailed-out insurer American International Group Inc took another step in its restructuring this week, but it is only noticeable to those looking closely: it put the company's logo back on employee identification cards.
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Ireland years away from A rating: Fitch

Fitch said it would take several years before crisis-hit Ireland would be back in 'A' credit status, after the ratings agency became the first among its peers to strip Dublin of its 'A' rating to BBB+.
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Activists target payment site, deny plotting harm

Cyber activists striking at companies seen as enemies of WikiLeaks tried to block the website of online payment firm Moneybookers on Friday but denied their campaign was intended to damage economic activity.
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Wall St set to rise after Chinese data

Wall Street was set for a slightly higher open on Friday following encouraging data out of China and as a two-year high in the S&P 500 had investors betting on a year-end rally.
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Pro-WikiLeaks hackers target payment site

Cyber activists striking at companies seen as enemies of WikiLeaks sought to block the website of online payment firm Moneybookers on Friday but denied their campaign was intended to damage economic activity.
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ECB tells leaders they must solve euro crisis

European central bankers told euro zone governments on Friday not to count on the ECB to solve the single currency bloc's debt crisis alone as the leaders of Germany and France met to plot strategy before a key EU summit.
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China social networking co hires banks for U.S. IPO

One of China's largest social networking companies, Oak Pacific Interactive, has hired investment banks for an initial public offering in the United States in the first half of next year, sources close to the matter told Reuters on Friday.
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World stocks tick higher

World stocks edged higher on Friday as investors grew more confident about the prospect for economic recovery following robust U.S. and Chinese data while Treasuries stabilized after a sell-off earlier this week.
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Wall St futures signal higher open

Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 rise 0.1 to 0.3 percent, pointing to a firmer start on Wall Street on Friday.
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Strong China data points to more rate rises

Chinese imports and exports jumped in November, bank lending topped forecasts and property investment powered ahead, a series of numbers that could clear the way for the central bank to raise interest rates as soon as this weekend.
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Japan stocks fall but outperform Asia this week

Japanese stocks fell on Friday after a rise to a seven-month high earlier in the day prompted profit taking, although they outperformed the rest of Asia this week, while U.S. Treasuries steadied on the view yields had risen too high, too quickly.
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U.S. video game sales jump 8 percent in November

A strong turnout by shoppers for Black Friday boosted U.S. video game sales 8 percent last month, marking the strongest November on record, but sales for the whole year are likely to be flat at best, according to retail research firm NPD Group.
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Japan stocks slip but set to outperform Asia in week

Japanese stocks slipped from a seven-month high on Friday on profit taking, though were poised to outperform the rest of Asia this week, while U.S. Treasuries were steady on the view yields had risen too high, too quickly.
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Jump in Bond Yields no threat for Gold in the long term

Outside the US and UK - where today's no change decision from the Bank of England left interest rates near 33-year lows beneath inflation - emerging economies are also flirting with sub-zero real rates of interest, Japanese investment bank Nomura's London office notes.
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Stores, shoppers turn to holiday online wish lists

Manny Gomez created a shopping list on Amazon.com just to keep track of some auto parts he wanted to buy. But as the holidays approached, he thought it wouldn't hurt to share the list with family and friends.
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S&P, Nasdaq end up; S&P above 1,228

The S&P 500 and Nasdaq ended slightly higher on Thursday, with the S&P 500 hovering around two-year highs, a trend investors expect to continue through the rest of the year.
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Facebook deletes pro-WikiLeaks hackers' account

Facebook and Twitter deleted the accounts of cyber activists who targeted Visa and other Internet payment sites that sought to block the WikiLeaks website after its release of U.S. diplomatic cables.
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Ford invests in Kentucky plant; sign of recovery

Ford Motor Co will invest $600 million to overhaul a Kentucky plant to make the next generation of its Escape small SUV, in a sign of the gradual recovery for the U.S. auto industry from its near collapse in 2009.

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