GOLD

New York City's Bloomberg to Use Own Money to Aid Minority Youth

New York City Mayor Mike Bloomberg
New York City Mayor Mike Bloomberg is not waiting for Congress to address long-standing social concerns: he's donating $30 million of his money to launch a new $127 million program to improve the lives of thousands of young black and Latino men, who are cut off from New York City's civic, educational, and economic life.
A South African child holds a 50 rand note in a file photo

S.Africa bonds up sharply, stocks at 5-week lows

South African government bonds rallied sharply on Wednesday and the yield on the benchmark note fell to 9-month lows as a gloomy global economic climate cast a shadow on the domestic outlook.
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Swiss franc roars as markets dump risk

The Swiss franc held hefty gains in Asia on Wednesday, having rocketed to record highs as investors scrambled for a safe haven on renewed tensions in the euro zone debt market and worries about a global slowdown.
The Bank of Korea governor Kim answers a reporter's question during a news conference after a rate setting meeting at the bank's headquarters in Seoul

Bank of Korea buys gold, first time since '97-'98

South Korea's central bank bought 25 tonnes of gold over the past two months in its first purchase in more than a decade, saying the time was ripe to boost its gold holding, but markets barely moved on the news.
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Asian stocks fall on data, US debt; eyes on yen

Asian shares fell on Tuesday on concerns about a downgrade of the United States credit rating and economic worries after sluggish data, while the yen gave some gains on jitters over the possibility of intervention by Bank of Japan.
Gold steady below record; debt talks eyed

Gold flat after South Korea buy

Gold was flat in early trade on Tuesday, supported by the gold purchase by South Korea's central bank, while investors watched the outcome of a vote on the debt deal.
A gold bar carrying the Euro sign

Gold falls 1 percent as Obama announces debt deal

Gold fell more than 1 percent on Monday after President Barack Obama said lawmakers had reached a deal to cut the country's deficit, which, if approved, would remove the threat of a default on debt that has driven bullion to a record high.
Phelps of U.S. competes in men's 4 X 100m medley relay final at 14th FINA World Championships in Shanghai

Bring on London, frustrated Phelps says

Most swimmers would be content with four world championships gold medals in a career, yet Michael Phelps left Shanghai with four from the meeting, frustrated and warning he would only get better.
Boehner and McConnell speak at a news conference about the U.S. debt ceiling crisis, at the U.S. Capitol in Washington

Lawmakers to vote on last-minute debt deal

After months of vitriolic discord, Republican and Democratic lawmakers were expected to vote on Monday on a White House-backed deal to raise the U.S. borrowing limit and avert an unprecedented default.
U.S. President Barack Obama

Deal reached to end debt crisis

President Barack Obama said on Sunday that Democrat and Republican leaders had reached an agreement to reduce the U.S. deficit and avoid default, but it was not clear if the spending cuts were deep enough to stave off a credit rating downgrade. The White House said the compromise would cut about $2.5 trillion from the deficit over the next 10 years but the reductions would not happen so quickly that they would drag on the fragile U.S. economy.
Blue Jays third baseman Nix tags Bourn out at third base during their Interleague MLB baseball game in Toronto

Baseball trade deadline closes with flurry of deals

The Atlanta Braves acquired speedy Gold Glove outfielder Michael Bourn in a five-player swap with the Houston Astros Sunday as Major League Baseball's non-waiver trade deadline closed in a flurry of deals.

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