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The Federal Reserve is expected to renew its promise to hold benchmark interest rates exceptionally low for an extended period on Wednesday and may acknowledge a slight slowdown in the pace of U.S. economic recovery.

The European Union has called on leaders from the Group of 20 rich and emerging nations to restore confidence in the global economy by agreeing on when to withdraw stimulus measures that are supporting economic growth.

Scivantage, a leading provider of Web-based, front- and middle-office technology solutions to the financial services industry, announced the latest addition to its suite of mobile brokerage solutions, Mobile Trader, an advanced online brokerage application for leading mobile platforms, including Blackberry, iPhone and iPad.

Sophis, a leading provider of cross-asset, front-to-back portfolio and risk management solutions, announced the launch of a hosted version of Sophis VALUE, its market leading portfolio and risk management system.

Helps Reduce Bandwidth Required for Obtaining the NYSE and Nasdaq Market Datafeeds and Can Help Control Total Cost of Ownership.

SunGard has launched Protegent Compensation, a solution that supports the compensation processing and compliance risk management functions for sell-side retail and institutional brokerage firms.

White House Budget Director Peter Orszag plans to leave his job in a few weeks, making him the first senior member of President Barack Obama's economic team to step down, Democratic sources said on Monday.

The European Central Bank (ECB) is to lay out its plans for the future of economic regulation in eurozone member states.

UBS client data is to be handed over to American tax authorities after the Swiss parliament finally granted its approval to the treaty.