Markets News
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Asian currencies had a second weekly gain, led by South Korea’s won, on optimism European leaders will act to stem the debt crisis, spurring investors to buy emerging-market assets.
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Pennsylvania officials joined Harrisburg Mayor Linda D. Thompson in an bid to dismiss a bankruptcy petition filed by the city council, which critics say violates local, state and federal laws.
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Asian stocks posted the biggest weekly gain since March amid rising confidence European policy makers will act to tame the region’s debt crisis and speculation China will boost support for its equity market.
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Doug Cliggott, whose bearish stock calls from last year were proving more accurate in 2011, is no longer the U.S. equity strategist for Credit Suisse Group AG, according to two people with direct knowledge of the matter.