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A Spanish flag flutters over the Colon square in central Madrid

Downgrade of Spain Ups Pressure on EU to Act

A double-notch downgrade to Spain's credit ratings has piled more pressure on European leaders to make rapid progress on solving the region's debt crisis or face unbearable borrowing costs.

EU short of time as Spain downgraded

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A double-notch downgrade to Spain's credit ratings has piled more pressure on European leaders to make rapid progress on solving the region's debt crisis or face unbearable borrowing costs.
The Stone Roses

Who are The Stone Roses? 15 Takes from Legacy as Band Launches Reunion Tour

The Stone Roses are back together, launching a reunion tour and writing new songs for a possible album. But who is this band, and what have they accomplished? Actually, a lot. Look back on some of the best songs and greatest triumphs of the Madchester group, whose Beatles-like debut was undercut by group in-fighting and contractual battles.
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France, Germany near 2 trillion euro rescue fund deal: report

France and Germany have agreed to boost a euro zone financial rescue fund to two trillion euros ($2.76 trillion), part of a plan to resolve the bloc's debt crisis that should win support at Sunday's EU crisis summit, Britain's Guardian newspaper said on Tuesday.
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France, Germany near $2.8 trillion rescue fund deal: report

France and Germany have agreed to boost a euro zone financial rescue fund to two trillion euros ($2.76 trillion) as part of a plan to resolve the bloc's debt crisis that should win support at Sunday's EU crisis summit, Britain's Guardian newspaper said on Tuesday.
Sarkozy & Merkel

France, Germany Agree to Sharply Increase Size of Eurozone Bailout Fund: Report

The leaders of the most powerful nations in Europe, France and Germany, have reportedly agreed to increase the size of the Eurozone’s rescue fund to 2 trillion euros ($2.7 trillion) – up from the current 440 billion euro ($604 billion) lending capability -- as part of comprehensive program to find a solution to the debt crisis wreaking havoc across Europe.
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Steinhoff, Kap in $1.1 billion deal

South African group Steinhoff will swap several of its industrial units for a bigger stake in Kap International, in a $1.1 billion deal giving it control of the manufacturing firm.
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CFTC cracks down on commodity traders; will it stick?

The United States is set to pass narrowly on Tuesday its toughest measures yet to curtail speculation in commodity markets, likely shifting the focus of a fierce four-year debate from the regulators to the courts.
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UK-U.S. extradition review deals blow to hacker

An extradition treaty with the United States is not biased against British criminal suspects, a judge-led review said on Tuesday, dealing a blow to campaigners fighting to stop a computer hacker being sent to stand trial in America.
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RIM shares shed 5 percent after apps offer

Shares of Research In Motion dropped more than 5 percent on Monday after it sought to appease disgruntled BlackBerry customers by offering free apps and technical support to make up for last week's global smartphone outage.

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