MARKETS / FINANCE

Merkel pressured, collateral row rages on

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Germany's Angela Merkel faced mounting domestic criticism of her euro zone policies on Monday, with the Bundesbank slamming an anti-crisis package she agreed to in Brussels last month and a senior ally warning he would vote against key parts of it.
U.S. Federal Reserve Chairman Ben Bernanke

Is this the Week Fed Chairman Ben Bernanke Starts QE3?

With the U.S. recovery having slowed considerably, and Europe debt woes persisting, investors will look to Fed Chairman Ben Bernanke's Jackson Hole, Wyo. speech later this week to provide clues regarding the central bank's evaluation of the economy, and at what point it thinks additional stimulus would be needed.
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China paper warns of impact from euro crisis Black Death

The Black Death of debt crisis across the euro zone will hurt China by sapping demand for exports, although Beijing's relatively small holdings of euro assets will limit any damage to foreign exchange reserves, the nation's top official newspaper said on Monday.
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Gold Price Just $2 Shy of Record High $1,900

The price of gold early Monday came within $2 of a record high $1,900 per ounce before settling back to 1.2 percent gain over Friday's closing price as a host of global economic worries drove investors into the security of the world's oldest form of money.
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Surging Gold Mining Company Stocks Lift London Exchange

Miners helped Britain's bruised FTSE 100 stage a recovery on Monday, with Randgold Resources boosted by bullish gold prices and broker comment, and Anglo American up as it considered a bid for Australia's Macarthur Coal.
Rocket shoots skyward

Gold Near Record High $1,900

Gold prices rallied toward $1,900 an ounce on Monday as concerns over the global economic outlook fueled interest in the precious metal as a haven from risk and due to talk that weak U.S. growth could spark a further round of monetary easing.
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Oil slips $2 towards $106 on Libya end-game

Brent crude fell almost $2 on Monday toward $106 a barrel with traders and investors anticipating the resumption of oil exports from OPEC-member Libya as a six-month civil war there appeared close to an end.
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Japan signals readiness to intervene in currencies

Japan will take decisive action against any speculative moves in the currency market, Finance Minister Yoshihiko Noda said, signaling Tokyo's readiness to intervene to stem further yen rises after its spike to a record high last week.
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Schaeuble says markets have confidence in euro

German Finance Minister Wolfgang Schaeuble said in a radio interview on Monday that the euro remains a stable currency and despite the euro zone debt crisis has held steady against the dollar in a consistent range.
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Brent drops more than $3, eyes on Libyan oil flow

Brent crude dropped more than $3 on Monday to below $106 a barrel, while U.S. oil fell more than a dollar to below $82, on the potential for a resumption of exports from OPEC-member Libya as a six-month civil war there appeared close to an end.
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Stocks near 11-month low on recession fears

World stocks fell toward a recent 11-month low on Monday while the euro and oil prices slipped as concerns about a global economic downturn prompted investors to sell risky assets.
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Nowotny worried about EFSF timeline delay: report

European Central Bank Governing Council member Ewald Nowotny is concerned that euro zone countries will not push through parliamentary approval of changes to their EFSF bailout fund as quickly as planned, an Austrian magazine quoted him as saying.
A man walks past an electronic board displaying share prices in Tokyo

European Stocks Poised to Fall as Gold Hits $1,878

European stocks looked set to extend four weeks of losses Monday, tracking jittery Asian shares lower, while gold shot to new highs as investors worried about the sluggish U.S. economic outlook and Europe's festering debt crisis.
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European stocks to fall, gold climbs

European stocks looked set to extend four weeks of losses on Monday, tracking jittery Asian shares lower, while gold shot to new highs as investors worried about the sluggish U.S. economic outlook and Europe's festering debt crisis.
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Asian stocks give up early gains on global woes

Jittery Asian stocks surrendered early gains and turned lower on Monday, adding to last week's steep losses, while gold shot to new highs as investors worried about the sluggish U.S. economic outlook and Europe's festering debt crisis.
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Asian stocks rise, gold near high

Asian stocks turned positive on Monday, recovering a small portion of last week's steep losses, while gold shot to new highs as investors worried about the sluggish U.S. economic outlook and Europe's debt crisis.
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Kinetic Concepts gets offer from Avista: report

Kinetic Concepts Inc , a maker of medical devices used in wound care, got a rival takever big from Avista Capital Partners LLC's ConvaTec Inc that exceeds the existing $5 billion bid from Apax Partners LLP, according to Bloomberg.
U.S. Secretary of State Hillary Clinton

U.S. Reiterates Call for Iran to Release American Hikers Bauer, Fattal

U.S. Secretary of State Hillary Clinton Sunday reiterated the nation's call for Iran to immediately release U.S. citizens Shane Bauer and Joshua Fattal, two hikers who were sentenced to eight years in prison, after being imprisoned for more than two years for allegedly trespassing into Iran, which they deny.
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Dollar Thrifty seeks best bids from Avis, Hertz

Dollar Thrifty Automotive Group Inc , the object of a takeover battle between rivals Hertz Global Holdings Inc and Avis Budget Group Inc , said on Sunday it wants best and final offers from the suitors by early October.

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