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Five-tael (6.65 ounces or 190 grams) gold bars are seen at a jewellery store in Hong Kong in this April 21, 2011 illustration photo.

Another Gold Boom in Sight: Chinese Inflation, Dollar Sell-off and Sovereign Debt Crisis Set Perfect Stage

The setting is perfect for another gold boom cycle to kick in, perhaps pushing the yellow metal into a super cycle. There are several factors aiding gold's further push into higher price records, greater investment worth and long-term reign as a de facto currency. There are all sorts of classic factors supporting gold all the way, like the demand from China and India bursting at seams, continued worries for the US dollar and the worrisome prospect of sovereign default in some European countri...
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Networked restaurants: from finance to funky tunes

Making money from social networks is the holy grail for tech startups, and a Moscow firm reckons it has found a way to do so by creating a front-to-back restaurant management system that includes a loyalty scheme.
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Bernanke warns spending cuts could derail recovery

Federal Reserve Chairman Ben Bernanke warned on Thursday that overzealous cuts to government spending in the short term could derail a shaky recovery and said a debt default could wreak financial havoc.
Tiananmen Square in Beijing

China Urges U.S. to Act Responsibly on Debt Ceiling

China Thursday called on the United States to adopt responsible policies and measures to guarantee the interests of investors -- a communique that highlights the rising concern about a possible U.S. Government default. Meanwhile, modest debt talk progress was noted on Day 5, with bipartisan agreement on at least $1.5 trillion in spending cuts over 10 years.
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Bernanke: Cutting too much too soon could hurt recovery

U.S. Federal Reserve Chairman Ben Bernanke warned Congress on Thursday that overzealous cuts to government spending in the short term could derail an already fragile recovery and said a U.S. debt default may wreak financial havoc.
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China's fresh rare earths export quotas restore cuts

China on Thursday issued a second batch of quotas for exports of rare earths this year -- virtually making up for previous cuts -- after its commerce minister met with his EU counterpart to discuss this and other thorny issues between the two trading partners.
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China raises rare earth export quota, EU not satisfied

China eased export curbs for rare earths on Thursday, restoring it to near-2010 levels in a bid to appease its trading partners, but the European Union said the measure did not go far enough to address concerns of stable supplies.
Mac Lion OS

Mac OS X Lion's Release Date: Likely July 15 With Chance of July 26

The much-speculated July 14 launch of Mac OS X Lion turned out to be a non-event.Though Lion didn't roar as of yet, its snoring may not last so long anyway - the next rumors in line suggest Lion's launch as early as tomorrow, or all the way pushed back to July 26th.

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