Finance
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Gold predicted to decline in 2013Dec 06, 2012 6:20 am - BNP Paribas SA lowered its 2013 gold price forecast to $1,865 an ounce from $1,900 an ounce. Prices will average $1,780 an ounce in 2014, for the first annual decline in...
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Bank of England: no change in base rate, stimulusDec 06, 2012 6:16 am - The Bank of England has left its base interest rate unchanged and has not authorized any additional stimulus measures, a decision which was widely expected by the market...
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U.S. stocks little changed before jobs reportDec 06, 2012 6:13 am - U.S. stock-index futures were little changed before a report on initial jobless claims and interest- rate announcements in the euro area. Garmin Ltd., the biggest maker ...
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Italian bonds decline as government threatenedDec 06, 2012 6:00 am - Italian bonds fell for a second day as former Prime Minister Silvio Berlusconi’s political party threatened to stop supporting the government, risking the disintegration...
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Inventories, budget talks hurt oil pricesDec 06, 2012 5:54 am - Oil traded near its lowest price in a week in New York as inventories of fuels such as heating oil rose by the most since July and U.S. lawmakers struggled to reach agre...
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Citigroup to cut 11,000 jobsDec 05, 2012 7:40 am - NEW YORK — Citigroup said Wednesday that it will cut 11,000 jobs, a bold early move by new CEO Michael Corbat. The cuts amount to about 4 percent of Citi’s workforce. T...
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U.S. bank earnings up 6.6 pct., most in 6 yearsDec 04, 2012 9:32 am - WASHINGTON — U.S. banks earned more from July through September than in any other quarter over the past six years. The increase is further evidence that the industry is ...
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Many will be surprised at high cost of ‘Affordable Care’ insuranceDec 01, 2012 4:03 pm - WASHINGTON — To Megan Hildebrandt, President Barack Obama’s Affordable Care Act means she can no longer be denied health insurance because of her lymphatic cancer. There...
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Merkel acknowledges Germans’ frustration on GreeceDec 01, 2012 1:30 pm - BERLIN — Chancellor Angela Merkel said she understands the frustration felt by many Germans over the repeated bailout programs for debt-ridden Greece, but insisted they ...
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House and Senate sit on tax billsDec 01, 2012 1:27 pm - WASHINGTON — It may not sound like it from the rhetoric, but both the House and Senate already have passed separate bills to delay big tax increases awaiting nearly ever...