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Gold hits record high as investors bet on more gains

Gold hit record highs at $1,216.75 an ounce in Europe on Wednesday as investors bet on higher prices, with funds lengthening positions due to expectations of a fresh leg of dollar weakness and more central bank buying.

GM has 600 mln euros to overhaul Opel-Germany

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General Motors has signalled it is ready to contribute about 600 million euros ($904.3 million) of its own cash to restructure its Opel carmaking unit, German Economy Minister Rainer Bruederle said on Wednesday.
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Carlyle Group to announce Brazil deals soon

U.S. private equity firm Carlyle Group plans to announce two or three deals soon in Brazil, Latin America's largest economy, co-founder David Rubenstein said on Wednesday.
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Geithner: Must be derivatives rules for all

U.S. Treasury Secretary Timothy Geithner urged lawmakers on Wednesday to let regulators block companies from customizing derivatives contracts to avoid trading on central clearing houses.
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Ben Kingsley seeks Indian money for Taj movie

British actor Ben Kingsley, best known for his Oscar-winning role as Mahatma Ghandi, is looking to India again, this time for financing for another historic Indian role -- Mughal emperor Shah Jahan.
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Precious and Last Station top Spirit film nods

The race for Hollywood film honors picked up pace on Tuesday when a key independent movie group unveiled Spirit Award nominees, giving dramas Precious and The Last Station five nods each, including best movie.
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CT scans may predict survival in colorectal cancer

Doctors may be able use an advanced X-ray called a CT scan to see whether patients with advanced colorectal cancer are responding to treatment with Avastin and chemotherapy, U.S. researchers said on Tuesday.
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Mammogram radiation may put some women at risk

Low-dose radiation from mammograms and chest X-rays may increase the risk of breast cancer in young women who are already at high risk because of family history or genetic susceptibility, Dutch researchers said on Tuesday.
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Senate battles over elderly health benefits

The U.S. Senate made little progress on a broad healthcare overhaul on Tuesday, as members battled over cuts in coverage for the elderly and failed to vote on two pending amendments.
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November job cuts shrink for 4th month

The number of planned layoffs at U.S. firms shrank in November to the lowest level in nearly two years, suggesting corporate labor force cuts are tapering off even if actual hiring appears a distant prospect.
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Obama's commander says now has tools for Afghan war

The top U.S. battlefield commander said on Wednesday that President Barack Obama's 30,000-strong troop increase for the Afghan war would make a huge difference, as the White House prepared to sell the new strategy to Congress.
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Obama's escalation challenges U.S. military

U.S. President Barack Obama's escalation of the war in Afghanistan challenges his generals to do more with slightly less than they wanted -- and much, much faster. The odds are against them.
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British Climate Scientist in hacked email controversy to step down

A British Climate Scientist, one of the central figures in the climategate controversy over emails and other sensitive data published by hackers, has announced that he will step down as Director of the Climate Research Unit. The university said in a statement that Phil Jones would relinquish his position as director of Climatic Research Unit (CRU) until the completion of an independent review.
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BOJ's Suda says central bank open on policy options

A Bank of Japan policymaker signaled on Wednesday the central bank was open to adopting more measures to support the economy following its emergency meeting the previous day that offered extra short-term funding.
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Weak dollar forces Mercedes to build more in U.S.

Daimler (DAIGn.DE) will switch production of roughly a fifth of its Mercedes C-Class models to the United States from Germany in 2014 in a move to avoid damaging currency fluctuations and protect its margins.
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Yen adds to losses after BOJ, dollar steadies

The yen weakened broadly on Wednesday as traders took Japan's new monetary policy measures as a cue to sell, while mixed signals from stocks and commodities kept the dollar in check.

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