MARKETS / FINANCE

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Jobless claims back at four-year lows

The number of Americans claiming new jobless benefits fell back to a four-year low last week and manufacturing in the Northeast held up in March, providing more signs the economy was firmly on a self-sustaining growth path.

Greek jobless rate hits new record in Q4

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Greece's jobless rate rose to a fresh quarterly record of 20.7 percent in the last three months of 2011, reflecting the country's deep economic malaise, exacerbated by austerity to repair public finances and emerge from a debt crisis.
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Russia to sell $6 billion stake in Sberbank

Russia's biggest lender Sberbank plans to start a roadshow for the sale of a $6 billion government stake on April 16, in a move that underscores its arrival as a major player in a European industry decimated by the global financial crisis.
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Citigroup failure in Fed test raises questions

Citigroup Inc on Wednesday stood by its pledge to reward shareholders, as Wall Street sought to understand why the bank failed to win approval from regulators to increase its dividend or buy back stock.
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Treasury to sell stock in six bailed-out banks

The U.S. Treasury said on Wednesday that it plans to sell its preferred stock position in six community banks as part of the Obama administration's effort to unwind bailout programs from the financial crisis.
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NY Mets owners lose ruling on key Madoff issue

Owners of the cash-strapped New York Mets baseball team lost a key ruling ahead of a federal trial over whether they should return $303 million because they turned a blind eye to Bernard Madoff's fraud.
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A little extra inflation would backfire: Volcker

The U.S. economy is recovering pretty well and trying to juice it up by allowing a little extra inflation would be disastrous, Paul Volcker, the former Federal Reserve chairman known for successfully reining in double-digit inflation, said on Wednesday.
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Wall Street slips after rally, but Apple up again

Stocks mostly edged lower on Tuesday, with the S&P 500 pulling back after nearing 1,400 as investors found little reason to extend the previous day's rally on the Federal Reserve's comments on the economy and the banking sector.
Newmont Conga project in Peru

Newmont Mining Re-evaluating Conga Mine

Newmont Mining Corp. is reevaluating the cost of its delayed Conga gold and copper project in Peru, the company's senior vice president in South America said on Wednesday.
Gold pellets

Zimbabwe's 2012 Gold Production Off To Slow Start

Zimbabwe's monthly gold production has fallen short of the targeted 1,100 kilogrammes since the start of 2012, according to figures published by the finance ministry on Wednesday, throwing into doubt a projected annual output of 13 tonnes for the year.
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Crude stocks rise, oil products fall: EIA

Crude inventories rose last week, with stocks at the trading hub in Cushing, Oklahoma increasing to an nine-month high, while oil products fell, data from the U.S. Energy Information Administration showed on Wednesday.
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Claude Resources Hikes Reserve Figures

Precious metals miner Claude Resources Inc said measured and indicated gold resources rose 43 percent as it discovered more gold at its Seabee property in Saskatchewan.
Jerritt Canyon project

Gold Extends Losses As Dollar Extends Gains

Gold fell to its lowest since mid-January on Wednesday after a modest upgrade of the U.S. Federal Reserve's economic outlook added zip to the dollar and gave investors an excuse to lighten holdings of bullion.
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China's Tencent targets growth in online ads

Tencent Holdings Ltd, China's biggest internet company by revenue, plans to step up its expansion in social networking, search and e-commerce to attract more online advertisers as it looks to diversify from its competitive core gaming market.
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Current account in Q4 widens more than expected

The current account deficit widened much more than expected to $124.1 billion in the fourth quarter of 2011, as imports rose and exports dropped, a government report showed on Wednesday.

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