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Barclays seen on lookout for U.S. bank deal

Barclays is on the lookout to buy a retail bank in the United States, according to reports, to build on its successful investment bank build-up there and create a buffer against regulatory reform.
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G7 recovery still on course but listless

A distinct lack of momentum will drag on the rich world's economic recovery this year, according to the latest Reuters economic outlook in which economists largely bucked a recent trend of rising forecasts.
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U.N. agency punished Somalia whistleblower

The United Nations Ethics Committee has upheld complaints by a former employee of the U.N. Development Programme who said he suffered retaliation from the UNDP for alleging that its Somalia programme was corrupt.
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Pelosi faces biggest test on healthcare vote

The leader of the House of Representatives -- a persuasive arm-twister and deal maker -- faces her toughest challenge yet in the coming weeks: getting 216 votes to pass final legislation revamping the U.S. healthcare system.
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US home loan demand nudge higher in latest week

U.S. mortgage applications nudged up last week, reflecting increased demand for home purchase loans even as interest rates trekked higher, data from an industry group showed on Wednesday.
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Insurers' Chile quake hit won't up prices

Last month's huge earthquake in Chile might cost the insurance industry up to $7 billion in damage claims, the world's top two reinsurers said, but it looks unlikely to raise reinsurance prices.
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Oil struggles for clear direction from $81.50

Oil failed to find momentum in either direction for a clear move away from $81.50 on Wednesday as investors waited for data on U.S. stocks or OPEC's monthly report ahead of next week's meeting to provide impetus.
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Stock futures signal higher open; Facet eyed

Stock index futures pointed to a higher open on Wall Street on Wednesday, with futures for the S&P 500 up 0.07 percent, Dow Jones futures up 0.09 percent and Nasdaq 100 futures up 0.25 percent.
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Fiscal issues hit euro, sterling; stocks flat

Concerns over Europe's fiscal problems hit the euro and sterling on Wednesday, while world stocks hovered near their recent six-week highs, though they were still up 66 percent from a low hit one year ago.
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Economists trim 2011 U.S. growth forecast

U.S. economists raised their forecast for economic growth in 2010 in March, the third straight monthly rise, while trimming their growth forecast for 2011, according to a survey released on Wednesday.
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Chinese group files complaint over faulty HP laptops

More than 100 Chinese consumers have filed an official complaint against Hewlett-Packard Co over faulty laptop computers, leaving the door open for a lawsuit against the U.S. technology company, a lawyer for the group said on Wednesday.
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Oil edges up towards $82 on China import surge

Oil reversed earlier losses to gain a few cents toward $82 on Wednesday after China said imports jumped in February, boosting evidence that emerging Asian economies will lead global demand back into growth this year.
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Asian stocks near 6-week highs, cool to China data

Asian stocks hovered near six-week highs on Wednesday as Chinese data showed exports and imports in February were better than expected, while the euro and the pound suffered on renewed concerns about Europe's fiscal problems.
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Treasuries, sovereign debt 'dangerous'-Loomis' Fuss

U.S. Treasuries and other national government debt are the most dangerous market there is and investors should avoid the securities because of governments' excessive borrowing, Dan Fuss, vice chairman of investment manager Loomis Sayles, told Reuters on Tuesday.

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