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IMF calls on Europe to get act together on debt

Europe needs to get its act together and deal with its worsening sovereign debt crisis, the International Monetary Fund said on Tuesday, warning of the risk of severe repercussions for global growth.

Gold to Top $2,000 Next Year - LBMA Conference Participants

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Gold's rally will extend beyond $2,000 an ounce in the next year, but won't match the torrid record-breaking climb of the last 12 months, according to gold investors and analysts attending the London Bullion Market Association's (LBMA) annual conference.
A mother casts her vote during the Zambian presidential election,

Zambians vote in 'King Cobra vs RB' election

Zambians voted on Tuesday in a closely contested election between President Rupiah Banda and opposition leader Michael Sata, who has been a critic of foreign investment in Africa's biggest copper producer, most notably from China.
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India-Nepal quake

India Earthquake: Rescuers Push into Isolated Towns

Six thousand troops have been deployed to the India-Nepal border, where a 6.9 magnitude earthquake hit Sunday night. The current death toll has risen to 90 people, about 50 from the Indian state of Sikkim, along with others in Nepal and Tibet.
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Wall St set to open higher on Fed hopes

Stocks were set for a higher open on Tuesday as investors waited to see if the Federal Reserve's policy-setting panel offers aid to a sputtering U.S. economy.
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IMF warns U.S., Europe could slip into recession

Europe and the United States could slip back into recession next year unless they quickly tackle economic problems that could infect the rest of the world, the International Monetary Fund said on Tuesday.
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Futures up ahead of Fed two-day meeting

Stock index futures rose on Tuesday a day after a week-long rally was halted as investors waited to see if the Federal Reserve's policy-setting panel offers aid to a sputtering U.S. economy.
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Spot Gold up after Downgrade of Italy

Gold rose on Tuesday, after Standard and Poor's downgraded Italy's credit rating, adding to the strain on the debt-distressed euro zone, while uncertainty over the outcome of a key U.S. Federal Reserve meeting also helped buoy the market.
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Gold Steady after S&P Downgrade of Italy

Gold held steady on Tuesday, after Standard and Poor's downgrade of Italy's credit rating, while a stronger dollar weighed on sentiment ahead of a key U.S. Federal Reserve policy meeting.
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Bank of China halts FX swaps with some European banks

Bank of China, a big market-maker in China's onshore foreign exchange market, has stopped foreign exchange forwards and swaps trading with several European banks due to the unfolding debt crisis in Europe, three sources with direct knowledge of the matter told Reuters on Tuesday.
A woman walks past Milan Stock Exchange

Italy Credit Downgraded, French Banks Pressured

Standard & Poor's cut Italy's credit rating on Tuesday in a surprise move that increased strains on the debt-stressed euro zone and raised pressure on policymakers to take more decisive action to resolve the crisis.
U.S. ambassador to China Gary Locke delivers a speech to the American Chamber of Commerce in the People's Republic of China and members of United States-China Business Council at the Westin Hotel in Beijing

U.S. Ambassador Urges China to Lower Trade Barriers

China must reduce barriers to foreign companies if it is to meet its own development goals, the U.S. ambassador said in Beijing on Tuesday in a speech that reflected foreign investors' growing frustration with the pace of economic reforms in the country.
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S&P Italy Downgrade a New Blow for Distressed Europe

Standard & Poor's cut its unsolicited ratings on Italy by one notch on Tuesday, a surprise move that sharply increases strains on the debt-stressed euro zone and piles pressure on policymakers to take more decisive action to resolve the crisis.
Chinese one yuan coins are placed on 100 yuan banknotes in this illustrative photograph taken in Beijing December 30, 2010.

Bank of China Reported Halting FX Swaps with some European Banks

Bank of China, a big market-maker in China's onshore foreign exchange market, has stopped foreign exchange forwards and swaps trading with several European banks due to the unfolding debt crisis in Europe, three sources with direct knowledge of the matter told Reuters on Tuesday.

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