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Gold futures rebound on OPEC decision

Gold futures rose sharply Wednesday, gaining from its steep decline in the previous session, as the dollar traded near an all-time low against its major counterparts and crude oil prices continued to fuel inflation jitters.
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U.S. Stocks Slip on Bernanke Plan

U.S. stocks dropped to an 18-month low on Tuesday , after Federal Reserve Chairman Ben Bernanke urged banks to write down more mortgage debts. Financial shares led indexes to fall while oil and gold dropped from previous records.
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Japan Stocks Almost Unchanged

Japan stocks closed Tuesday almost unchanged as investors worried about soaring raw material prices and the U.S. dollar's depreciation.
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FTSE Falls on Banks and Oil

The FTSE 100 share index dropped 1.1 per cent on Monday after poor performances by banks and oil companies and worries of a possible U.S. recession. Overall the FTSE 100 dropped 65.7 points down to 5,818.6.
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Citigroup May Need More Outside Capital: Dubai

Citigroup, the largest U.S. bank, may need more capital from outside investors despite raising billions of dollars after reporting large write-downs related to bad investments in the U.S. subprime mortgage market, the CEO of Gulf state firm Dubai International Capital LLC said Tuesday, according to a report.
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FX Summary -Mar 3

The dollar continues to struggle across the board amid lingering fears that the economy is headed toward a recession – dragging the currency to a new all-time low against the euro at 1.5275 and a three-year low versus the yen at
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Apple, China Mobile iPhone Talks Not for Now

After mixed reports surrounding Apple and China mobile talks, the mobile carrier confirmed on Monday that it has not yet entered into negotiations to take the iPhone to China, saying such talks may be held closer to the release of a 3G version of the touch-screen handset later this year.
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U.S. Stocks drop in NY led by financial sector

U.S. stocks edged lower Monday for a third day after analysts reduced earnings estimates for securities firms while manufacturing report was not as bad as forecast, while a separate report on construction showed a steep weakness in spending on non-residential projects.
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Venezuela, Ecuador deploy troops in Colombia dispute

Venezuela and Ecuador sent troops to their borders with Colombia and downgraded diplomatic ties after their Andean neighbor bombed Colombian rebels inside Ecuador in an attack Caracas said could spark a war.
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HSBC profits up 10 percent, bad debts hit $17 bln

HSBC's profits rose 10 percent last year as buoyant growth in Hong Kong and elsewhere in Asia helped Europe's biggest bank absorb $17.2 billion in bad debts as the U.S. housing crisis deepened. Hong Kong profits rose 42 percent while Asia earnings grew by 70 percent. North America was managed a small gain.
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Facebook lets its users translate site into German

Facebook, the social network site that has enjoyed spectacular international growth in the past year, despite being published only in English until recently, said on Monday it was offering a German version.
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U.N. council set to approve new Iran sanctions

The U.N. Security Council is expected to adopt a third round of sanctions against Iran for its nuclear program on Monday, but diplomats said this might be the first round that is not approved unanimously.
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Treasuries Rise on Negative Economic Signals

Treasuries rose on Friday, sending two-year yields to the lowest level in nearly four years, on new economic data which led investors to raise their expectations for a recession.

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