IBT Staff Reporter

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Gold hits record on weak dollar, China inflation data

Gold jumped to another record high on Friday after the dollar fell to its lowest since late 2009 against a basket of major currencies, taking silver to a 31-year high, while inflation pressures in China also helped lift bullion's appeal.

WWF, Exeter Business School partner on exclusive MBA program

The World Wildlife Fund (WWF), world’s leading conservation organization, has partnered with the University of Exeter Business School on a unique MBA program called ‘One Planet’. The program will start in September 2011, an official release said on Thursday.

Outlook uncertain, G20 to target imbalances

Faced with an uneven world recovery and uncertain outlook, finance leaders were hoping on Friday to flesh out a plan to build a global economy less prone to the booms and busts of recent decades.

Nuclear radiation doubts fully answered for people living around evacuation areas

As people in Japan struggle to control the damaged nuclear reactors and various agencies are involved in mitigating the risk involved. The people are living under a constant threat of nuclear radiation. To put all the doubts to rest Japan's Nuclear and Industrial Safety Agency has released a question and answer session that expalins nuclear radiation threats.

China first-quarter GDP up 9.7 percent

China's annual gross domestic product growth eased ever so slightly in the first quarter of 2011 to 9.7 percent from 9.8 percent in the previous quarter, the National Bureau of Statistics said on Friday.

G20 eyes anti-crisis plan, mulls recovery risks

The United States tried to instill confidence on Thursday that the global recovery was not at risk as finance leaders from around the world gathered to advance a plan aimed at preventing future economic crises.

Fed hawks look for exit, doves in no rush

Federal Reserve officials differed on Thursday over the urgency of withdrawing monetary stimulus on Thursday, with some saying inflation is in check despite oil price rises while others warned of risks if the central bank drags its feet.

Groupon IPO may value company at $15-$20 billion: source

Groupon is likely to pick Goldman Sachs and Morgan Stanley to lead a second-half initial public offering that could value the fast-growing daily deals site at $15 billion to $20 billion, a source familiar with the matter said on Thursday.

Google's cost-surge unnerves Street, shares dive

Google Inc's stunning 54 percent spending surge spooked investors already worried that its new CEO may take his eye off the bottom line to chase revenue growth, driving shares of the world's leading Internet search engine more than 5 percent lower.

Wal-Mart settles ethnic harassment suit

Wal-Mart Stores Inc's Sam's Club settled an ethnic harassment lawsuit filed by the U.S. Equal Employment Opportunity Commission, which alleged several employees of Mexican descent endured slurs.

Fed officials signal policy to stay on course

The recent surge in oil prices is no prelude to broader price increases that would force the Federal Reserve to raise interest rates, top Fed officials said on Thursday in what appears to be the predominant view at the central bank.

Euro zone hit by Greek restructuring concerns

Greek borrowing costs soared to new highs on Thursday and pressure rose on other financially weak euro zone countries after Germany suggested for the first time that Athens may have to restructure its debt.

Nasdaq hires investment banker Shavel as new CFO

Nasdaq OMX Group Inc named a Bank of America Merrill Lynch investment banker as chief financial officer on Thursday, bringing in a seasoned dealmaker as it pursues a takeover bid of NYSE Euronext .

House Does Its Part, Passes Budget to Avoid Shutdown

Members of the House of Representatives did their part to seal Friday's last-hour deal to avert a federal government shutdown by passing legislation that will fund the federal government until the end of fiscal year 2011, September 30.

Rajaratnam invests in fund run by trial witness

Hedge fund founder Raj Rajaratnam and his family have invested $25 million in a $35 million fund managed by one of his former top executives who testified at Rajaratnam's insider trading trial, the jury heard on Thursday.

Child brick mine workers of India [PHOTOS]

Behind every story of economic / societal development are the workers who made them happen. It was true for ancient societies like China and true for the United States in the early 20th century. Now, it's true for booming emerging market economies like China and India.

Best Buy to shrink big boxes; concerns linger

Best Buy Co Inc said it will boost its Web presence, shrink some larger stores and open more of its smaller U.S. stores to try to win back market share from the likes of Amazon.com Inc and Wal-Mart Stores.

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