03/17/2010 10:21 PM
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Fed chief defends role as watchdog
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Ben Bernanke, chairman of the Federal Reserve, warned that US monetary policy and financial stability would be damaged if Congress limits the Fed’s regulatory powers
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03/17/2010 02:13 PM
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Banks face trial over derivatives deals
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UBS, JPMorgan Chase, Deutsche Bank and Depfa were charged with fraud for their roles in a €1.7bn financing package for the Italian city in a case that will fuel debate about the use of complex derivatives
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03/17/2010 08:36 PM
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Equities rally after Fed keeps rates low
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The decision by the US Federal Reserve to keep interest rates low boosted investors’ appetite for risky assets as concerns about regulatory risk in Washington and sovereign debt fears in Greece eased
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03/17/2010 07:31 PM
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Beijing warned of business damage from text crackdown
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Chinese internet company says crackdown on mobile text messaging is starting to hurt its business
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03/17/2010 05:22 PM
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Boost for US jobs as Senate passes bill
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The Senate passed an $18bn jobs bill, that offer tax breaks to companies hiring unemployed workers, a critical part of efforts by President Barack Obama’to tackle the stubbornly high jobless rate
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03/17/2010 08:08 PM
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Splits open on role of IMF in Greece
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The eurozone’s united front against involving the International Monetary Fund in a rescue operation for Greece is cracking
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03/17/2010 11:00 PM
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US healthcare overhaul gains momentum
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The Obama administration’s efforts to reform the US healthcare system gained some much-needed momentum, when two wavering Democratic congressmen said they would vote for a healthcare reform bill
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03/17/2010 05:55 PM
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Qualcomm to bid in Indian wireless auction
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Qualcomm, the US mobile phone chipmaker, plans to bid in India’s upcoming wireless spectrum auction and, if successful, will help build a wireless broadband network with an Indian partner based on 4G technology
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03/17/2010 08:45 AM
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Nomura picks first foreigner for its board
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Nomura is to re-organise its non-retail operations and hand leadership of the global unit to a former top Lehman Brothers banker who had planned to leave the Japanese bank this month
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03/17/2010 05:44 PM
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BoJ boosts bank loan programme
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The Bank of Japan has moved to head off government and market pressure to do more about deflation by doubling the amount available to banks through a loan scheme
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