Regions News
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The deepening divisions in Prime Minister Silvio Berlusconi’s coalition over how Italy can meet European Union demands for more robust efforts to tame a $2 trillion debt are fueling calls for early elections.
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U.S. stocks were little changed, following the biggest drop in three weeks for the Standard & Poor’s 500 Index, as concern over European debt-crisis talks offset better-than-forecast economic reports.
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The euro weakened and U.S. stocks swung between gains and losses as concern that Europe’s debt- crisis talks were stalling offset American economic data that topped estimates. Oil slid from a 12-week high after U.S. supplies increased, while Treasuries fell before an auction.
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European stocks advanced as the region’s leaders gathered in Brussels for the second summit in four days to address the debt crisis and after U.S. durable- goods orders and home sales topped forecasts.