IBT Staff Reporter

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Don't rule out debt buy-back idea: Juncker

European leaders should not shy away from a proposal to buy back the bonds of troubled euro member states but should not rely too much on rich countries, Eurogroup Chief Jean-Claude Juncker said.

EFSF could use different interest rates - Bruederle

The European rescue fund could offer bonds at different interest rates to account for its members' divergent levels of credit worthiness in its attempt to boost lending capacity, Germany's Economy Minister said.

Unbacked Money, 40 Years On

2011 will mark 40 years since the United States' government finally stopped redeeming its dollars for gold. That ended over 250 years of formal gold backing for the West's dominant currencies. It also took the entire world off precious-metal money for the first time in 5,000 years of civilization.

Wolves Vs Liverpool Live Coverage

Liverpool make the trip to The Molineux to face a potentially tricky encounter against Wolves in Saturday's early kick-off in the English Premier League.

Apple's App Store hits 10 billion downloads

Apple's App Store reached landmark 10 billion downloads on Saturday, further underlining the lead of the iPhone-maker in mobile online software battle, a counter on front page of the store showed.

Second Sun coming in 2012?

Earth is likely to have second sun in next few weeks, at least temporarily, according to reports of Australian daily news.com.au.

Google's Page brings change and questions

One day after Google's surprise announcement that Larry Page would once again run the company, investors and industry insiders were wondering if he is up to a now very different job.

U.S. closes four banks, biggest is in Denver

U.S. authorities closed four banks -- one in Denver and three in the U.S. Southeast -- on Friday with total assets of $2.7 billion, bringing the number of failures in 2011 so far to seven.

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