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India’s economic growth languishes

NEW DELHI - Indian economic growth languished near its slowest in three years in the quarter that ended in June but was slightly better than expected, signalling the worst may be over for Asia’s third largest economy and dashing investor hopes of an early rate cut.

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Europe shares rise with focus on ECB next week

PARIS - European stocks rose on Friday, reversing a big portion of the losses suffered in the past three days, helped along by comments from an ECB official that rekindled expectations of action from the central bank to fight the debt crisis.

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Gold firms ahead of Bernanke speech

Gold prices firmed on Friday ahead of a speech from Federal Reserve chief Ben Bernanke in Jackson Hole, Wyoming, at which he is expected to give clues as to the likelihood of another round of U.S. monetary stimulus.

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Barclays appoints retail head as new CEO

Barclays PLC on Thursday named the head of its retail and business banking operations as its new chief executive, as shares in the crisis-hit group dropped following news of a new investigation into the bank’s deals.

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markets

French retailer Carrefour to cut staff, wages

PARIS — Carrefour will have to cut staff and wages but won’t retreat from its model of offering everything from vegetables to dishwashers under one roof, new CEO Georges Plassat said on Thursday, as the French retailer announced as loss of (euro) 31 million ($39 million) in the first half.

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