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Middle Eastern governments are demonstrating their clout in global financial markets as oil prices soar.
* * * HSBC Holdings said it will stop making subrpime mortgages through brokers in the U.S., as the big British bank continues to clean up its U.S. home-lending business after its aggressive move into the market earlier this decade went sour.
* * * Prime Minister Gordon Brown's open investment policy runs counter to more protectionist stances in the U.S. and much of Europe. Backers credit it with spurring growth, but critics question the long-term cost.
* * * KKR and Goldman Sachs are balking at completing the $8 billion purchase of audio-equipment maker Harman International.
* * * Qatar Investment Authority snapped up a 9.98% stake in OMX, threatening Nasdaq's bid. Qatar also bought a 20% stake in the London Stock Exchange.
* * * The dollar recouped some of its recent losses against the yen Friday, bolstered by rising stock prices, but remained under pressure against other major counterparts due to interest rate differentials.
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