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Wall Street Plummets Below Key Support Level

Wall Street felt tremors Tuesday afternoon as the S&P 500 Index, Nasdaq Composite Index and Dow Jones Industrial Average both dropped precipitously following declines in European equity markets.
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Spanish Yields Surge To Near 4-Month Highs

Spanish borrowing costs Thursday hit their highest levels since before the European Central Bank launched two massive liquidity injections to keep the euro zone's financial system from freezing up.
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Top JP Morgan Banker Quits After Market Abuse Fine

One of London's most prominent bankers was fined 450,000 pounds ($720,000) for passing on inside information in a case that will embarrass his employer J.P. Morgan Cazenove and which marks a push by British regulators to target high-profile figures.
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US Futures Down Ahead of GDP, Jobs Data

Futures on major US stock indices point to a lower opening on Thursday ahead of economic data including final estimates for fourth quarter GDP and initial jobless claims.
Chancellor George Osborne handles newly minted one pound coins during a visit to the Royal Mint in Cardiff

Before Key Political Development, Fitch Issues Warning On UK Credit

Paris-based credit rating agency Fitch warned the government of the United Kingdom Thursday that the country still stood to lose its sterling AAA rating were the economic situation in Europe to deteriorate further. The action came at a politically sensitive time for Britain.
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Stock Futures Gain Ahead of ADP Data

Futures on major U.S. indices point to a higher opening on Wednesday ahead of economic data including ADP national employment report and non-farm productivity.
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Gold, Copper Producer Kazakhmys Posts Flat Profit

Copper miner Kazakhmys posted a flat core profit for 2011 as stronger metal prices were offset by an 18 percent rise in production costs, including soaring wages for skilled workers in Kazakhstan, home to its core operations.
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Polymetal Eyes Asian, European Acquisitions

Russian precious metals miner Polymetal is eyeing acquisitions in Kazakhstan, Armenia, Ukraine, the Russian Far East and Urals, chief executive Vitaly Nesis told Moscow's RBC Daily in an interview published on Thursday.

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