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Wednesday Papers: Dow boosted by gain in the euro -- other news
George Osborne to warn big banks over crisis tax and house buyers could be refused mortgages under new Bank of England powers.
Markets
* Dow advances 214 points, or 2.10%, to 10,405, S&P 500 gains 2.35% and Nasdaq rises 2.76%
* US stocks close 2% higher after gain in the euro signalled growing confidence with Europe's ability to deal with its debt crisis
* US May import prices fell 0.6%
* May CPI drop boosts hope UK inflation has peaked
* Evidence of acute tensions in Spanish banking system as they break European Central Bank loan record
* Spain unions call general strike over labour reforms
* George Osborne to warn big banks over crisis tax; John Vickers could lead probe into split-ups
* House buyers could be refused mortgages under new Bank of England powers to be unveiled by the chancellor
* Tesco appoints former Standard Chartered executive Gareth Bullock and Stuart Chambers as non-executive directors
* BP to have six ships to remove siphoned oil; has yet to start second oil capture system
* Obama says he will do 'whatever it takes' on oil spill and make BP pay for damage caused by the Gulf of Mexico oil spill
* BP credit hit by six-notch Fitch downgrade
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Today's articles
- Week Ahead: waiting uncomfortably for Greece to go
- Investment trusts beat unit trusts in emerging markets
- Market Blog: confident US consumers lift the mood
- Smart Investor: let the news flow wash over you
- What are investment funds and how do they work?
- Your finances after... marriage
- Lyttleton takes summer break from BlackRock funds
- Threadneedle bond boss Fitzsimmons exits





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