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China to publish new yuan investment rules soon

China will publish rules as early as next month to allow offshore yuan to be invested in the mainland's capital markets under a new scheme, the Shanghai Securities News reported on Friday, citing people close to the securities regulator.

Guinea, China in talks over bauxite mine, refinery

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Guinea is in advanced talks with state-owned China Power Investment to develop a bauxite mine and build an alumina refinery, deep water port and a power plant in the West African state, Guinean government sources said.
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Max Levchin Quits Google After Slide Shut

The news of Max Levchin quitting Google in pursuit of other opportunities comes in the backdrop of the company’s decision to shut down Slide. It was only last year that Google bought Slide for $200 million.
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Gold rebounds 1 percent ahead of Jackson Hole meeting

Gold Rises 1Percent in European Trading

Gold prices arrested this week's slide on Friday to rise nearly 1 percent ahead of a speech from Federal Reserve chairman Ben Bernanke in Jackson Hole, Wyoming, later, which will be closely watched for hints on the outlook for Fed monetary policy.
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Gold Steady in East Asian Trading

Spot gold was steady on Friday, but was likely to register its first weekly drop after seven straight weeks of gains as investors awaited a speech by U.S. Federal Reserve Chairman Ben Bernanke later in the day.
Warren Buffett

Warren Buffett: Altruistic Defender of American Icons or Shrewd Profit Seeker?

Legendary investor Warren Buffett made a phone call to Bank of America CEO Brian T. Moynihan on Aug. 24 and offered to invest a staggering $5 billion in the bank. The Bank of America shares had been in doldrums amid questions over its liquidity situation and rumors that it would need a massive capital injection.
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Analysis: 'Safe Haven' Assets Start to Look Risky

This year's heady bout of risk aversion on financial markets has ratcheted up demand for gold, U.S. Treasuries and the Swiss franc to levels that suggest they may no longer be the safe havens they are claimed to be.
Gold bar

Spot Gold Drops 0.4%, Set for a Down Week

Spot gold lost 0.4 percent Friday, on course for its first weekly drop after seven straight weeks of gains, as investors awaited a speech by U.S. Federal Reserve Chairman Ben Bernanke later in the day.
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Analysis: Buffett Trades off his Reputation, Returns Follow

Warren Buffett showed again this week that his name and money is enough to give a struggling company instant credibility in the market. But the legendary investor also demonstrated his canny command of that reputation means that such deals can immediately generate profits.
Rick Perry

How Rick Perry Tried to Profit From Dead Teachers

Presidential candidate Rick Perry has touted Texas' thriving economy as a sign that he would make an excellent economic steward, but one of his proposals might not do so well on a national scale: a plan to let Wall Street gamble on when retired Texas teachers would die.
IRENE beach in North Carolina

Irene’s Danger: How Do Experts Measure Catastrophes?

While no one can know ahead of time just how much destruction a Category 3 Hurricane like Irene will do, specialty companies that specialize in catastrophic risk analysis are armed with historical data as well as links to national computer centers that track the storm in real time.
Fed chairman Ben Bernanke

Bernanke Speech: What Will Fed Chairman Say?

Fed Chairman Ben Bernanke's much-anticipated speech Friday will likely disappoint investors and policy makers hoping for signs the central bank will try to rev up the weak economy, but the speech is likely to relieve gold investors who have booked big profits from that same economic malaise.
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Gold Reverses Early Loss, Posts Gains

Gold rose on Thursday after two days of sharp declines, as tumbling European and U.S. equity markets sparked by talk that Germany might enact a short-sale ban prompted investors to buy gold as a safe haven.
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TCW kept Gundlach in dark before termination

Trust Co of the West worked for months in secret to acquire an entire firm to replace its star bond fund manager Jeffrey Gundlach and his mortgage-backed securities department before terminating him, TCW's chief executive testified in court.
Chinese President Hu Jintao speaks to France's President Nicolas Sarkozy during their meeting at the Great Hall of the People in Beijing

China's Hu tells Sarkozy concerned about euro

China hopes that Europe will take steps to protect China's investments there, Chinese President Hu Jintao told the French President Nicolas Sarkozy on Thursday, nonetheless voicing confidence in the euro and vowing to keep investing in it.
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UBS cuts China growth outlook amid global slowdown

UBS cut its 2011 and 2012 growth forecasts for China on Thursday to reflect weaker growth prospects in developed economies, saying the central bank may relax policy if the world's second-largest economy falters.
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Li Ning sees challenges from competition, rising cost

China home grown sport brand Li Ning Co Ltd. , which posted a 50 percent fall in its first half profit, said the operating environment is expected to remain challenging on intensifying competition among brands and escalating cost.
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Gold Fields Ltd. Warns of Spurious Web Sites

Gold Fields Ltd., a major gold mining company, warned Thursday that there were several Web sites that use Gold Fields branding and purport to be investment vehicles on behalf of the company.

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