CHINA

Gold Price Set to Zoom to Higher Records on Possible Dollar Sell-Off, EU Soverign Crisis

If the Fed wades further into muddy stimulus waters, that will set the stage for a certain gold boom in the short to medium term. Historically, a dollar sell-off has been the biggest force behind a gold boom. If the Fed takes recourse to another round of easing in pursuit of its goal of propping up job creation and real growth, it will inadvertently cause a dollar sell-off and trigger, in turn, a gold super rally.
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Stephen Curry

Warriors Rumors: Stephen Curry to play basketball in China

The ongoing NBA lockout has gone on for more than two weeks now, and players around the league are considering playing overseas while the labor dispute continues. Golden State Warriors star point guard Stephen Curry could be one of those players, playing basketball in China.
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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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