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*Gold boosted this week by drop in stock markets. LONDON, May 24- Gold stayed on track for its biggest weekly rise in a month on Friday, supported by a drop in stock markets and comments from a Federal Reserve official that dampened talk the U.S. central bank is set to curb monetary stimulus.
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*Gold boosted this week by drop in stock markets. LONDON, May 24- Gold stayed on track for its biggest weekly rise in a month on Friday, supported by a drop in stock markets and comments from a Federal Reserve official that dampened talk the U.S. central bank is set to curb monetary stimulus.
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In a sign of Wall Street’s resurgent influence, bank lobbyists are aiding lawmakers in preparing legislation that softens regulations of the financial industry.
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*Gold boosted this week by drop in stock markets. LONDON, May 24- Gold steadied on Friday as stock markets stabilised, arresting the metal's rally, though comments from a Federal Reserve official that dampened talk that the U.S. central bank is set to curb monetary policy kept prices firmly underpinned.
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LONDON, May 24- A top Federal Reserve official said on Friday U.S. inflation would have to pick up before he voted to scale back monetary policy stimulus and that this was unlikely to happen in the coming month. Louis Fed President James Bullard said in a CNBC interview.
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A federal judge expressed a tentative view that the U.S. Justice Department will be able to show evidence that Apple engaged in a conspiracy to increase e-book prices.
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Markey's proposal differs from legislation approved by a Senate committee on Wednesday that would give the FDA oversight only over compounding pharmacies that make sterile products and ship them across state lines.
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NEW YORK, May 23- For the past few months, the U.S. The Fed's evolving stance was made apparent by Federal Reserve chairman Ben Bernanke's remarks to Congress Wednesday, where he laid out the conditions that might cause the Fed to reduce its $85 billion a month buying of Treasuries and mortgage-backed bonds.
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WASHINGTON-- The Food and Drug Administration said Thursday it approved a new blood test from Roche to help doctors diagnose diabetes. The FDA said Roche's test is the first to be approved to diagnose the disease.
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Tesla described itself as the only American car company to have fully repaid government loans, but Chrysler called that statement "unmistakably incorrect."
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NEW YORK, May 23- U.S. stocks slipped on Thursday but finished sharply off their session lows as a rally in Hewlett-Packard's shares offset worries about weak Chinese manufacturing data and the prospects of the Federal Reserve reducing its monetary stimulus.
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NEW YORK, May 23- U.S. stocks edged down on Thursday but rebounded sharply from their session lows as a rally in Hewlett-Packard's shares offset worries about weak Chinese manufacturing data and the prospects of the Federal Reserve reducing its monetary stimulus.
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*Prices gain after solid demand for $13 bln TIPS sale. NEW YORK, May 23- U.S. The bond market was on another rollercoaster ride on heavy volume, a day after remarks by Federal Reserve Chairman Ben Bernanke about the U.S. central bank's bond purchase program prompted a massive selloff in Treasuries.
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NEW YORK, May 23- U.S. stocks mostly edged lower on Thursday but were sharply off their session lows as a rally in Hewlett-Packard's shares offset worries about weak Chinese manufacturing data and the prospects of the Federal Reserve reducing its monetary stimulus.
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NEW YORK, May 23- Investors' hair-trigger reaction to Federal Reserve Chairman Ben Bernanke's testimony on Wednesday marks a delicate new policy phase for the U.S. central bank in which communication is paramount.
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The Feds have granted a 90-day moratorium on foreclosures of homes with FHA mortgages in areas devastated by the Oklahoma tornado.
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May 23- On Wednesday in Washington, Federal Reserve Chairman Ben Bernanke presented congressional testimony that repeated, virtually word for word, statements about U.S. monetary policy he has been making since last September. The speculation spread to Tokyo Thursday.
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NEW YORK, May 23- U.S. The bond market was on another roller-coaster ride on heavy volume, a day after remarks by Federal Reserve Chairman Ben Bernanke about the U.S. central bank's bond purchase program prompted a massive sell-off in Treasuries.
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*Nikkei drops 7 pct, Wall Street down for second day. NEW YORK, May 23- Stock markets worldwide fell sharply on Thursday as surprisingly weak data from China and Europe raised worries about slow growth a day after U.S. Federal Reserve chief Ben Bernanke broached the possibility of reducing stimulus that has buoyed investor confidence.
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LONDON, May 23- Gold rose on Thursday as the dollar remained under pressure after falling U.S. weekly jobless claims and as a senior Federal Reserve official said the central bank is in no hurry to start winding down its economic stimulus.
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LONDON, May 23- Federal Reserve policymaker James Bullard said on Thursday that the bank should wind back its support slowly when it starts the process.