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Brent Crude Rises on Encouraging U.S. Figures

Brent crude rose Wednesday, staying above $109 a barrel as a larger-than-expected drawdown in U.S. gasoline stocks and positive U.S. economic data trumped concerns over European debt

KCET strikes $50 million deal

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KCET, the former PBS station serving Southern and Central California, has entered a partnership with Eyetronics Media and Studios to produce and acquire new series, the companies announced Tuesday. Under the agreement, Eyetronics will provide up to $50 million in funding for the new programs, which will start production in the fall.
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Gold Sets Another Record As Stocks Fall

Gold settled at a record high Tuesday after investors abandoned stocks on fresh concerns over weakness in Europe's biggest economy, doubt that European leaders will be able to solve its sovereign debt problems and the languishing U.S. economy.
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Gold, Silver Rise But Miners Fade

Gold and silver prices rose Tuesday but companies that mine the precious metals fell as the broader market gave up recent in a clear signal that investors don't have much confidence in Europe's ability to solve its sovereign debt concerns.
South African rands

SAfrica's rand falls 2 pct, stocks snap 4 days of gains

South Africa's rand fell as much as 1.9 percent against the dollar on Tuesday, weighed down by a weak growth outlook for the country's main trading partner bloc and showing the worst performance among its emerging market peers.
France's President Nicolas Sarkozy welcomes German Chancellor Angela Merkel as she arrives for a meeting at the Elysee Palace in Paris

Sarkozy and Merkel Push Tax Plan, Closer Economic Coordination

The leaders of France and Germany, under pressure to counter a debt market crisis in Europe, have agreed to float proposals in September for a tax on financial transactions and push for closer joint governance of economic policy, French President Nicolas Sarkozy said on Tuesday.
German Chancellor Merkel welcomes France's President Sarkozy before talks in Berlin

High Pressure on Sarkozy-Merkel Euro Zone Talks

The leaders of France and Germany meet for high-pressure talks on Tuesday to discuss what further measures they can take to shore up investor confidence in the euro zone following a dramatic market sell-off last week.
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German Growth Slows More Than Expected in Q2

German gross domestic product growth slowed more than expected in the second quarter, weighed by a negative trade balance, flagging consumption and weak construction investment, the statistics office said.
A worker prepares traditional Chinese herbal medicines at Beijing's Capital Medical University Traditional Chinese Medicine Hospital

Chinese Herb Mix May Shorten Flu Fever

In mild cases of H1N1 influenza, a traditional Chinese herb mixture may relieve a fever about as well as the antiviral drug Tamiflu, researchers reported Monday.
Solar cells for a solar energy panel

Evergreen Solar files for bankruptcy

U.S. solar company Evergreen Solar Inc filed for bankruptcy on Monday, its once cutting-edge technology falling victim to competition from cheaper Chinese rivals and to solar subsidy cuts in Europe.
Varoius Euro banknotes lay next to various Swiss Franc notes in this picture illustration at a bank in Warsaw

Swiss Franc Falls to Two-Week Low

The Swiss franc dropped to two-week lows against the euro and dollar on Monday on speculation the Swiss National Bank could further act to curb strength in the currency by setting an exchange rate target as early as this week.
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Asian Stocks Rise, Gold and Swiss Franc Decline

Asian equities bounced on Monday and safe-haven assets like gold and the Swiss franc fell as market players cautiously returned to pick up bargains after last's week wild ride, though concerns over the weak global economic outlook may keep gains in check.
Chinese companies on a Foreign Foray

Stocks Bounce on U.S. Cues; Sentiment Wary

Asian equities bounced on Monday and safe-haven assets like gold and the Swiss franc fell as market players cautiously returned to pick up bargains after last's week wild ride, though concerns over the weak global economic outlook may keep gains in check.
Berlin Mayor Wowereit, German President Wulff, Chancellor Merkel and State Premier Kraft attend wreath laying ceremony marking the 50th anniversary of the building of the Berlin Wall in Berlin

Berlin mayor criticizes nostalgia for Berlin Wall

Berlin's mayor said on Saturday he was appalled that some Germans were nostalgic for the Berlin Wall and supported a newly fashionable leftist view that there were legitimate reasons for building it in 1961.

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