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Germany running out of patience with weaker euro nations

Germany's Chancellor Merkel addresses a news conference at the end of a EU leaders summit in Brussels
Although some progress appears to be being made in the euro zone sovereign debt crisis – including the passage of an austerity budget by the Greek Parliament today and a capital injection into Allied Irish Bank (NYSE: AIB) – the most important member of the euro currency bloc, Germany, is unlikely to foot the total bill that will be required to truly resolve this issue.
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Euro steadies before EU meet

The euro steadied on Thursday as dealers squared up positions ahead of a meeting of European Union leaders, while U.S. Treasuries bounced after a selloff overnight took 10-year yields above 3.5 percent, sending some investors hunting for value.
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Rates seen rising as supply arrives

Auctions of $123 billion in U.S. securities will draw traders' focus in the U.S. government securities market next week and could push U.S. Treasury yields higher.
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U.S. dollar, stocks poised to gain on jobs recovery

The U.S. dollar was steady on Friday ahead of payrolls data for November that could show more evidence of a strengthening recovery and give investors a reason to push benchmark U.S. Treasury yields above 3 percent and put more money in equities.
Bush answers questions about his presidency at the Ronald Reagan Presidential Library in Simi Valley

Extension/Repeal of Bush tax cuts coming down to the wire

The saga surrounding the extension (or repeal) of George W. Bush’s tax cuts seems to be changing daily, almost hourly. It’s a highly complex and contentious issue that will (perhaps unfortunately) be decided solely by politics.
A statue holding the scales of justice is seen on top of the Old Bailey in London

Women lawyers struggling in law firms: NAWL

Women lawyers in America's top law firms have not benefited from structural changes that created nuanced stratifications of lawyers, a survey by the National Association of Women Lawyers and the NAWL Foundation suggests.
Elderly people visit a public garden in Tokyo

Why Japan 'allowed' deflation

To some degree, Japan allowed deflation, or at least they did not choose extremely aggressive policies to fight it. This is largely due to the influence of Japanese constituents who own fixed income, which would devalue in the face of inflation.
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U.S. muni board looks into changing pricing system

The board overseeing much of the U.S. municipal bond market is investigating whether prices charged and paid by brokers and dealers are fair to customers, according to a notice released on Wednesday.
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U.S. dollar strengthens; gold dips on IMF sale

The U.S. dollar rose against the euro on Thursday as poor growth prospects and Greece's fiscal deterioration hounded the euro zone single currency, while gold slid after the International Monetary Fund said it would sell more of its bullion holdings.
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Dollar extends gains, gold falls on IMF sales

The U.S. dollar rose to a near 9-month high against the euro on Thursday as the single currency was dogged by worries about sovereign debt levels and poor growth prospects, while gold fell after the International Monetary Fund said it would sell more of its bullion holdings.
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Mutual funds seek SEC review of TALF rules: report

Mutual fund companies including BlackRock Inc are asking the U.S. Securities and Exchange Commission to review rules for participating in the Federal Reserve's TALF program to boost lending, the New York Post said, citing sources.

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