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Facebook underwriters to get 1.1 pct fee -source

Facebook will pay just a 1.1 percent fee to underwriters of its initial public offering, according to a source with knowledge of the company's plans, doling out a much slimmer than typical payout.

Why Wall Street Wants To Be Your Landlord

At the height of the boom, commercial banks and investors gorged themselves on real estate, building unsustainable towers of debt that finally collapsed in 2008. But with the housing market improving, they may soon return for second helpings.

Gold Ends Week With Little Change

Molten gold
Gold was largely unchanged on Friday, but posted its second-biggest weekly decline this year due to an early week drop after the FederalReserve withheld additional easing amid a string of encouraging U.S. economic data.
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Spain's PM Rajoy holds a news conference at the end of a European Union leaders summit in Brussels.

Spain To Meet EU Budget Deficit Demands

Spain announced it will adhere to budget cuts demanded by the European Union, ending the first tussle over new, stricter budgetary rules within the trading bloc.
Heavy equipment at Super Pit

Gold Falls But Bullion Holdings Climb To Record

Gold fell on Monday, under pressure from a softer euro and from dwindling expectations for the Federal Reserve to signal the need for more measures to keep U.S. rates low, although longer-term investors took their bullion holdings to a fresh record.
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Asian Shares Dip On Concerns About China

Asian shares fell Monday as investors paused to assess the effect of strong U.S. jobs data, which scaled back expectations for more easing ahead of this week's Federal Reserve meeting, while concerns over China's slowdown also weighed on sentiment.
Bob Diamond

Barclays' Chief Diamond Nets $26 Million Pay Deal

The deal, which does not include the bank covering Diamond's £5.7 million tax bill, comes after Barclays' profits fell 3 percent in 2011 and is set to anger shareholders and fair pay campaigners critical of huge payouts.
A Deutsche Bank logo is pictured in front of the Deutsche Bank headquarters in Frankfurt

Deutsche Bank Borrows $6 to $13 Billion from ECB on LTRO

Deutsche Bank has taken 5-10 billion euros ($6.6-$13.3 billion), of the European Central Bank's (ECB) long-term refinancing operation (LTRO), which offers three-year loans to banks at a rate of 1 percent according to a report.
Heavy equipment at Barrick gold project

Gold Edges up to Snap Three-Day Plunge

Gold prices snapped three days of losses to rise on Wednesday, helped by the euro paring losses versus the dollar, which eased negative currency effects on the precious metal, and by a tentative recovery in demand for physical gold at lower prices.
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Asian Markets Continue Fall

Asian shares fell for a third day in a row Wednesday as investors grew more risk-averse, with renewed uncertainty over Greece's bailout and mounting worries about slowing global economies overshadowing support provided by ample liquidity.

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