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Banks can keep embassy accounts: U.S. regulators

Financial regulators have clarified that banks can provide services to foreign diplomatic missions and still comply with anti-money laundering laws after several major banks moved to close embassy accounts.
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Fourth-quarter growth revised up to 3.1 percent

The economy grew more quickly than previously estimated in the fourth quarter as businesses maintained fairly solid spending and restocked shelves to meet rising demand, while corporate profits increased 3.3 percent, a government report showed on Friday.
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Ultra-low rates still appropriate: Fed's Lockhart

The economic recovery is on solid ground but there are still enough sources of weakness to justify keeping interest rates very low, Atlanta Federal Reserve President Dennis Lockhart said on Friday.
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Brent crude oil nears $116

Oil steadied on Friday, with Brent crude close to $116, but analysts saw the risk of higher prices as unrest bubbled across the Middle East and western powers kept up a military campaign in Libya.
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Wall Street advances as Oracle leads techs

Technology stocks led Wall Street higher on Friday after Oracle's upbeat outlook, putting all three major stock indexes on track to end the week in positive territory after two weeks of declines.
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Avoid Gold Warning from Big Institutions

[Investors] don't believe in the gold story anymore, declared Kevin Norrish of Barclays Capital on Wednesday, announcing the bank's latest commodity investment survey of institutional players. Not one single respondent chose Gold Bullion as the likely best performer in 2011, Norrish said.
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US futures point to higher opening after GDP data

Futures on major U.S. stock indices continued to point to a higher opening on Friday after government data showed that US economic activity grew at a 3.1 percent annual rate in the fourth quarter.

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