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Euro Crisis Puts Company Funding in Tight Spot

LONDON, Nov 25 - European companies are in for a tough time next year. The euro zone debt crisis is sparking caution on all fronts, as consumers keep their cash in their pockets, corporate treasurers take a knife to investment plans and investors desperately seek a haven for their wealth.

Chile's Antofagasta Profit Jumps 28%

"Demand for gold from investors in China, India and elsewhere around the globe shows no signs of slowing down anytime soon," Paul Watson, CEO of Green Technology Solutions Inc. (GTSO), said.
Chilean miner Antofagasta posted a 28 percent rise in nine-month profit, lifted by improved production and an increase in gold sales that helped offset bad weather and an accountancy hit after copper prices fell steeply in the third quarter.
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Moscow Restaurant

Celebrity restaurant fad takes hold in glossy Russia

Celebrity restaurants, long a fixture of New York and London, are now a confirmed Russian fad with the recent opening of a Moscow venue by a home-grown filmmaker raising the tally of eateries and bars backed by artists, actors, socialites.
James Murdoch

James Murdoch Resigns from UK Newspaper Boards

James Murdoch has resigned from the boards of the companies that publish its British newspapers including the now-defunct News of the World tabloid at the center of the phone hacking sandal, regulatory filings show.
Finance ministers, Germany's Schaeuble, Greece's Venizelos and Dutch de Jager talk together during an eurozone finance ministers meeting in Brussels

'Disastrous' Bond Sale Shakes Confidence in Germany

A disastrous German bond sale on Wednesday sparked fears that Europe's debt crisis was even beginning to threaten Berlin, with the leaders of the euro zone's two strongest economies still firmly at odds over a longer-term structural solution.
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Logica Downgraded at Jefferies

Jefferies downgraded its rating on shares of Logica Plc (London Stock Exchange: LOG) to underperform from hold and lowered its price target to 60 pence from 85 pence.
Need a Cake bakery

Bakery Burned in Groupon Deal for 102,000 Cupcakes

he owner of the small London bakery -- Need a Cake bakery in Reading, Berkshire -- had to make 102,000 cupcakes in a money-losing proposition after a Groupon deal she did became wildly popular. The owner, Rachel Brown, offered a 75 percent discount on the Groupon deal for 12 custom cupcakes that typically sell for $40.
Kenya"s Central Bank Governor Njuguna Ndung"u speaks to Reuters

Kenya almost-doubles inflation target to 9 pct

Kenya's central bank changed another key policy aim by almost-doubling this fiscal year's inflation target to 9 percent, just weeks after being driven to make a huge rate rise to combat soaring inflation and save the plunging shilling.
Traders at the CME

CME to Launch Cleared OTC Gold in Europe by Yearend

The CME Group, the world's leading derivatives market place, is on target to launch cleared over-the-counter gold in Europe by the end of 2011, and wants to boost the number of contracts it clears, a top official said on Tuesday.
TSX little changed, Kinross drop offsets China

TSX may edge up, helped by commodity recovery

Canadian stocks looked set to open slightly higher on Tuesday, in line with stronger commodity prices, though there were signs the respite from worries over U.S. and European government debt could be temporary.
Protesters carry a man injured during clashes with riot police in a side street near Tahrir Square in Cairo

Egyptian Protestors Struggle to Throw Off Army Rule

Egyptians frustrated with military rule battled police in the streets again on Tuesday as the generals scrambled to cope with the cabinet's proffered resignation after bloodshed that has jolted plans for Egypt's first free election in decades.
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Spain Short-term Yields Leap After Election

Spain's Treasury paid the highest yields in 14 years to issue short-term bills on Tuesday, in a sign that a resounding election victory for the center-right People's Party on Sunday has done little to soothe investor nerves.

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