Francine Lacqua News
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Government bonds should be excluded from the European Union’s planned financial-transaction tax because the levy would drive up sovereign borrowing costs, a panel of European debt-management officials said.
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Swiss stocks erased earlier gains as shares of Cie. Financiere Richemont SA and Julius Baer Group Ltd. retreated.
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Technical colleges mustn’t lose sight of their role in educating young people to get work, said Irish Education Minister Ruairi Quinn.
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U.K. stocks advanced for a second day as the benchmark FTSE 100 Index closed at its highest level since September 2000.
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U.S. billionaire Wilbur Ross said he will consider investing in Spanish banks amid signs the country is following Ireland in starting “to come to grips” with its financial crisis.
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European stocks climbed to their highest level in almost five years as a report showed that U.S. consumer confidence rose more than economists had predicted, while banks and carmakers increased.
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U.S. stocks fell, ending four days of records for the Standard & Poor’s 500 Index, amid disappointing economic data and after a Federal Reserve official said the central bank may slow the pace of stimulus as early as this summer.
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U.S. stocks fell, pulling benchmark indexes down from records, and the Dollar Index reversed losses as Federal Reserve officials discussed scaling back stimulus efforts. Gold futures extended the longest slump since 2011.
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U.K. stocks were little changed, after the benchmark FTSE 100 Index yesterday rallied to its highest level since October 2007 and completed its longest streak of gains in almost four years.
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Italian and Spanish bonds fell as investors bet that 10-year yields close to the lowest since at least 2010 may be untenable as a report showed the euro-area economy shrank more in the first quarter than analysts forecast.
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