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Obama: EU 'must focus on growth'
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US President Obama wraps up a G8 summit saying that leaders agree economies must focus on jobs and growth to boost recovery.
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Facebook shares see modest debut
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Facebook shares end a volatile first day of trading at $38.23, barely above the company's initial pricing, having initially jumped more than 10%.
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Market jitters over eurozone woes
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European markets suffer a nervous session with investors unsettled by a downgrade for Spanish banks and the political crisis in Greece.
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Yahoo jumps on Alibaba deal talk
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Shares in internet giant Yahoo rise 5% on reports that it is close to selling its valuable stake in Alibaba Group, the Chinese e-commerce company.
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JP Morgan boss to testify in US
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JP Morgan chief executive Jamie Dimon will appear before a Senate committee to explain the bank's $2bn trading loss on a failed hedging strategy.
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Argentine gas exports cancelled
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Spanish energy giant Repsol cancels a contract to provide gas to Argentina, in a continuing row after Buenos Aries nationalised one of its subsidiaries.
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China property prices fall again
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Chinese property prices continued to fall during April after the government kept policies in place to curb speculation.
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Cuban offshore oil attempt fails
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Spain's Repsol oil company says a first attempt to find oil off Cuba's northern coast has been unsuccessful.
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EU 'plans for Greek exit option'
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The EU Commission and European Central Bank are making contingency plans for a possible Greek exit from the euro, an EU commissioner says.
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US puts tariffs on Chinese panels
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The US says it will impose import tariffs of about 30% on Chinese solar companies, saying China is flooding it with subsidised products.
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