MARKETS / FINANCE

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Consumer sentiment tumbles to historic low

Consumer sentiment dropped to its lowest point in more than three decades in early August, as fears of a stalled recovery gelled with despair over government policies, a survey released on Friday showed.

Denver-Based Company Mining for Gold in Alaska

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WestMountain Index Advisor Inc. said Friday it has begun a drilling program at its flagship Bonanza Terra Gold Project, which has the potential to produce more than one million ounces of gold, in Alaska.
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Wall St rises for second day

Stocks rose on Friday, extending the previous session's sharp rise as data showed retail sales posted their biggest gain since March.
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Nvidia shares jump on strong Q3 revenue forecast

Shares of graphics card maker Nvidia Corp rose 12 percent in pre-market trade on Friday after the company reported market-beating quarterly results and forecast strong third-quarter revenue on accelerating growth in its mobile business.
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Reeling euro zone pins hopes on Berlin and Paris

Reeling from a debt crisis that has spread to the very heart of Europe, the continent is looking once again to the Franco-German duo that dreamed up the euro to save the single currency from ruin.
U.S. Stock Market

U.S. Stock Market: After a Wild Week, What?s Next?

After a week of gyrations that's seen the Dow Jones Industrial Average rise or fall 400 points for four straight days, it's understandable if U.S. investors are bewildered. Given the tumult, what stance should investors adopt now?
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Short-Selling Ban Spurs Tentative Recovery

European stock markets rallied on Friday as a ban on the short-selling of financial shares tempted investors back into the battered banking sector, although concerns over the health of French banks kept the mood edgy and trading remained volatile.
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Euro Goldfields Q2 lLoss Narrows, Olympias on Schedule

Mining company European Goldfields, which secured a long-awaited Greek permit last month, posted a narrower pretax loss for the second quarter and said it had made "major progress" with its Olympias project, on track for first production next year.
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As Gold Prices Surge, Cash-for-Gold Frenzy Fades

Handing out flyers at the corner of 47th Street and Fifth Avenue in New York City's Diamond District, Mariabi Peenya is having trouble finding passersby eager to sell their gold jewelry for cash.
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Rush to gold shakes up staid French market

A surge in prices to all-time highs has galvanized the French retail gold market, for long a dusty corner beloved of coin investors, drawing in ordinary punters but also the unwelcome attention of armed robbers.
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Gold Prices Ease in Europe

Gold prices eased in Europe on Friday, extending the previous session's retreat from record highs, as fresh strength in equity markets and gains in the euro versus the safe-haven Swiss franc pointed to sharper appetite for risk.
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Europe short-selling ban papers over policy cracks

A piecemeal ban on short-selling of financial stocks highlighted flaws in euro zone policy and investors said relief for bank stocks would be temporary in the absence of co-ordinated action by Europe's governments.
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Credit taps run dry for European lenders

LONDON, Aug 12 - Options are rapidly running out for Europe's ailing mid-tier banks as nervous creditors pull the plug on once vital sources of funding in response to growing sovereign contagion worries, sowing the seeds of an imminent liquidity crisis at the heart of the eurozone.
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French economy stagnates in second quarter

French economic growth ground to a halt as household spending shrank in the second quarter, raising pressure on the government to announce cutbacks to convince turbulent markets it will deliver on debt reduction targets.
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French finmin: we will meet GDP and deficit goals

French Finance Minister Francois Baroin said on Friday the government's targets for growth and deficit reduction were not being altered after data showed growth ground to a halt in the second quarter of 2011.
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Short-selling ban fails to banish euro fears

European stock markets struggled early on Friday as a ban on short-selling of financial sector shares failed to put a lid on concerns over banks and the spread of the euro zone's debt crisis to France.
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Europe curbs short-selling in financial stocks

PARIS/MADRID - A ban on short-selling financial stocks in four European countries including France takes effect on Friday, a coordinated attempt to restore confidence in markets hit by rumors and higher borrowing costs.
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U.S. stock futures slide but Europe seen firmer for now

U.S. stock futures slid 1 percent on Friday, pulling Asian shares off early highs, as sentiment remained cautious on concerns over the European debt crisis, which will probably keep supporting safe havens like gold and Swiss franc.
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China worried about EU, urges action on debt

China is worried about challenges that the Europe Union faces in the next two months and urged the bloc as well as the United States to hold down government debt, its trade minister said on Friday.
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France reports zero second-quarter GDP growth

French economic growth ground to a halt in the second quarter of 2011, raising pressure on President Nicolas Sarkozy to cut spending and abolish tax breaks ahead of elections as he tries to convince nervous financial markets that he will deliver on debt reduction targets.
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SEC investigating S&P's downgrade of U.S. debt: report

The U.S. Securities and Exchange Commission has asked rating agency Standard & Poor's (S&P) to disclose which employees knew of its decision to downgrade U.S. debt before it was announced last week, the Financial Times said, citing people familiar with the matter.

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