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Gold nears $1,200, SPDR Gold holdings up

Gold clawed back to near $1,200 per ounce on Tuesday on light physical buying, but further gains were capped by investor caution ahead of the U.S. corporate earnings season and firmness in the dollar.

Lawsuits may reveal more Avandia data

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Lawyers for patients who say they have been harmed by GlaxoSmithKline Plc's Avandia say critical data is still under wraps even as a U.S. advisory panel prepares to weigh the fate of the controversial diabetes drug.
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Australian Dollar Forecast 13/7/2010

The AUD has opened slightly firmer this morning after some nervousness from traders yesterday ahead of the US reporting season saw the AUD move back towards USD0.8700.
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Daily Forex Forecast 13/7/2010

Australia's dollar fell from its highest level in almost three weeks to an intraday low near 87 cents on the back of a drop in imports of iron ore and copper by China, the nation's biggest trading partner.
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Chevron sees profit up

Chevron Corp , the second-largest U.S. oil company, said Improved margins at its refineries would lift its second-quarter earnings versus the previous quarter, offsetting a drop in oil and gas output.
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Bernanke says spurring credit key to rebound

Boosting credit to needy small businesses is crucial to sustain a tepid U.S. recovery but how to do so poses a difficult policy challenge, Federal Reserve Chairman Ben Bernanke said on Monday.
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Alcoa posts profit, beats Wall Street estimates

Alcoa Inc , the largest U.S. aluminum producer, posted a stronger-than-expected second-quarter profit on Monday and raised its estimate for global aluminum consumption, sending its shares up 3 percent.
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CSX profit jumps 36 percent, beats view

U.S. railroad CSX Corp said on Monday that its profit rose 36 percent in the second quarter, beating analysts' expectations, as volume improved across the varied markets the company serves.
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U.S. issues new drilling ban

The Obama administration issued a new moratorium on deepwater oil drilling on Monday, a move the industry said was unnecessary and would place tens of thousands of jobs at risk.
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U.S. to issue new drilling ban

The Obama administration prepared a new moratorium on deepwater oil drilling on Monday, seeking to make the industry safer while protecting thousands of jobs during the worst spill in U.S. history.

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