Thursday, April 8, 2010 | Last Update: 5:41 PM EDT

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U.S. President Barack Obama and Russian President Dmitry Medvedev shake hands

The leaders of the top two nuclear powers on Thursday committed to cut their deployed warh...

Jean Claude Trichet

The head of the European Central Bank expects the euro area economy to expand at a moderate pace in 2010.

An employee bundles yuan banknotes at a bank in Changzhi, Shanxi province

The yuan and other Asian currencies rose briskly on an awaited change in China's policy.

The stock market rallied in the afternoon to close for a gain on record-setting retail sales data.

Apple iPads prepared for purchase at Apple store in San Francisco

Apple has admitted that users of the recently-released iPad may have trouble connecting to a Wi-Fi network.

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Outlook

Fed officials warn on bubbles but Bernanke cautious

    Two top U.S. Federal Reserve officials warned about the risks to the economy from asset bubbles on Wednesday.

Analysis

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Japan's video game visionary: the console is dying

Hideo Kojima sees a future for digital entertainment outside the box -- outside any box.

Former Citigroup Chief Executive Charles Prince listens to questions at the Financial Crisis Inquiry Commission hearing on Capitol Hill in Washington

Jim Young / REUTERS

Charles Prince and Robert Rubin, often blamed for huge losses at Citigroup during the 2008 banking crisis, voiced regrets on Thursday but did not take responsibility for Citi's woes or its $45-billion taxpayer bailout.

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Shares of UAL Corp and US Airways Group rose on Thursday in the wake of news that the two airlines were in merger talks.

The Bank of England is seen behind a flowerbed in the City of London

The Bank of England kept interest rates at a record low of 0.5 percent for the 13th month running on Thursday and made no increase to its 200 billion pounds asset-buying scheme to boost the economy.

A visitor looks at Nokia mobile phones at High-Tech Expo in Beijing

Nokia will offer free music with its mobile phones in China, as it looks to emerging markets to boost the download service that is struggling to compete with Apple Inc's popular iTunes.

A Toyota Motor Corp car is seen during a hi-function shower test demonstration at the quality-control facility in Toyota

A senior Toyota Motor executive in the United States warned in a January email that the automaker needed to "come clean" on a safety defect that caused accelerator pedals to become stuck open.

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Sales of foreclosed or other "distressed" homes are flirting with the peaks of the housing crisis in early 2009 when heavy inventory was pressuring home prices lower, accordin...

A continued rise in consumer confidence helped push up Canadian home sales and prices in the first quarter, but interest rate hikes expected later this year should cool the market.

Rising bond yields sent U.S. 30-year mortgage rates to the highest level in eight months on the brink of the important spring sales season, data from home funding company Fred...

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