CHINA

Euro fund head: no quick China deal; Italy costs up

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The head of Europe's bailout fund sought financial support from China on Friday to help resolve the bloc's debt crisis, saying that while no quick deal was in sight he was still confident Beijing would keep buying bonds issued by his fund.

Wall St set to open down as market takes breather

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Stocks were set for a lower open on Friday as investors looked to book profits a day after a powerful rally that propelled the S&P to close above its 200-day moving average for the first time since August.
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Euro fund head sees no quick China deal

The head of Europe's 440 billion euro bailout fund played down hopes of a quick deal with China to throw its support behind efforts to resolve the bloc's debt crisis but said he expects Beijing to continue to buy bonds issued by the fund.
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Klaus Regling, CEO of the European Financial Stability Facility, speaks during a conference in Lisbon about the future of the Euro

Europe Bailout Fund Chief Sees No Quick China Deal

The head of Europe's bailout fund said Friday he does not expect to reach a conclusive deal with Chinese leaders during a visit to Beijing but expects the surplus-rich country to continue buying bonds issued by the fund.
CEO of the European Financial Stability Facility Regling attends a news conference in Frankfurt

Europe Bailout Fund Comes Calling on Beijing

The head of Europe's bailout fund said Friday he does not expect to reach a conclusive deal with Chinese leaders during a visit to Beijing but expects the surplus-rich country to continue buying bonds issued by the fund.
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Global stocks extend rally, euro takes breather

Global stocks headed for their best week in over two years Friday, bolstered by EU leaders' efforts to contain the euro zone debt crisis which have stoked appetite for riskier assets, while the euro held just below a seven-week high.
CEO of the European Financial Stability Facility Regling attends a news conference in Frankfurt

Will China Contribute to Eurozone Bailout Fund?

The head of the eurozone's bailout fund is beginning attempts to persuade China to invest in a scheme to help rescue member countries facing debt crises while Beijing has made it clear that it will demand strong guarantees on the safety of any contribution it might make.
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Asian Stocks, European Futures Continue Surge

Asian stocks headed for their best week in nearly three years after a long-awaited plan to resolve the European debt crisis sparked a huge relief rally in riskier assets, while the euro took a breather after jumping to a seven-week high.
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Gold Steady After EU Deal Spurs Risk Rally

Spot gold held steady Friday, on course for its biggest weekly rise in 33 months, after the euro zone's last-minute deal on containing the debt crisis cheered investors, but a rebound in the dollar may weigh on prices.
A sign at the entrance to the headquarters of bankrupt Solyndra LLC is shown in Fremont

California Eyes Solar Path Around Solyndra Wreckage

California political leaders chose a site near the headquarters of Solyndra to kick off hearings on how the state's growing cleantech industry can proceed in the wake of that solar company's dramatic collapse.

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