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Facebook shares are trading flat at $38 on their stock market debut, having initially jumped to $42 within minutes of trade beginning.
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Shares in internet giant Yahoo rise 5% on reports that it is close to selling its valuable stake in Alibaba Group, the Chinese e-commerce company.
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JP Morgan chairman and chief executive Jamie Dimon will appear before a Senate committee to explain the bank's $2bn trading loss on a failed hedging strategy.
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Chinese property prices continued to fall during April after the government kept policies in place to curb speculation.
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The EU Commission and European Central Bank are making contingency plans for a possible Greek exit from the euro, an EU commissioner says.
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The US says it will impose import tariffs of about 30% on Chinese solar companies, saying China is flooding it with subsidised products.
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