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US Energy Loans Official Leaves in Wake of Solyndra

The Obama administration said on Thursday its top energy loans official was stepping down, following a widening probe into the embarrassing collapse of a solar panel company that got $535 million in federal support.

Zambia lifts metal exports ban after two days

A security guard walks past a shipment of copper in a file photo.
Zambia has lifted a ban on metal exports, just two days after imposing it to sort out irregularities and increase transparency in Africa's top cooper producer, a minerals ministry official said on Thursday.
Gold bar

Gold Off after ECB Leaves Interest Rate Alone

Gold fell in choppy trade on Thursday after the European Central Bank held off flagging an imminent cut in interest rates, deflating an earlier rally in assets seen as higher risk, such as equities and the euro.
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Models present creations by Lebanese designer Elie Saab as part of his Spring/Summer 2012 women's ready-to-wear fashion collection show in Paris

No Somber Mood Allowed on Paris Catwalks

Paris Fashion Week ended like it started with a positive and relaxed spirit and a skillful bow by Lebanese designer Elie Saab with a glamorous 1970s collection for next summer inspired by the American TV series Charlie's Angels.
Yahoo Q3 Earning Slumps

Yahoo Surges 10% on Reports of Renewed Microsoft Bid

In 2008, Microsoft tried -- and spectacularly failed -- to buy Yahoo at a price of $33 per share, which valued the company at about $47.5 billion. Yahoo now has a market cap of about $20 billion and is trading at just under $16 per share.
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Industrial Commodities End Several Day of Sliding

Industrial commodity prices ended several days of losses on Wednesday after the U.S. Federal Reserve said it would take measures to prevent the economy from sliding into recession, although copper and crude oil held near multi-month lows.
Traders work on the floor of the New York Stock Exchange

Stock Futures Rise Alongside Europe

U.S. stock index futures were higher but more volatility was likely on Wednesday as European finance ministers appeared ready to prop up struggling banks, with data due on the U.S. labor market and services sector.
Samsung Oust Apple’s iPhone to Become World’s Favourite Smartphone Maker

Samsung, HTC Set to Gain on iPhone Letdown

Asian smartphone makers have a chance to exploit a rare letdown from pacesetter Apple Inc. after the new iPhone 4S failed to wow fans and investors, leaving Android rivals better placed to grab market share.
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NBA to axe games if no labor deal by Monday

The first two weeks of the National Basketball Association (NBA) season will be canceled if the lockout is not resolved by October 10, league commissioner David Stern said Tuesday.
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Christie opts out of 2012 presidential race

New Jersey Governor Chris Christie dashed hopes on Tuesday that he might make a late leap into the 2012 Republican presidential race in a move that sets up a battle between Mitt Romney and Rick Perry.
Mineworker

S.Africa, Zambia approve Metorex-Jinchuan deal

South Africa and Zambia have approved the $1.1 billion bid by China's Jinchuan Group for copper and cobalt producer Metorex, bringing closer prospects for the deal to be finalised by November.
Turkey"s Prime Minister Tayyip Erdogan (R) and Somalia"s President Sheikh Sharif Ahmed

Turkey spreads its wings into Africa

Turkish Prime Tayyip Erdogan visited South Africa on Tuesday, the latest stop in a diplomatic drive into the resource-rich continent whose attention is increasingly fixed on emerging market relationships rather than old commercial ties to Europe.

Dalai Lama cancels highly charged S.Africa trip

The Dalai Lama, the Tibetan spiritual leader, cancelled a trip to South Africa planned for this week that had put Pretoria in a bind between its biggest trading partner China and one of its modern heroes, Nobel Peace Prize laureate Desmond Tutu.

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