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HuaweiGold eased below $1,590 an ounce on Tuesday as concerns over the efficacy of the weekend aid package for Spain’s banks and upcoming elections in Greece eroded confidence in the outlook for the euro, and as hopes for fresh US monetary easing faded.
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India’s industrial output grew just 0.1 percent in April year-on-year, official data showed Tuesday, adding to concerns about the economy and raising the chances of an interest rate cut next week.
U.S. companies are finding it more difficult to grow their revenue now than at just about any time since the financial crisis.
Bankrupt photography giant Kodak said it has started moves to auction more than 1,100 patents by filing a motion late Monday for approval for a blind bidding process.
Opec ministers gather this week in Vienna to review group’s oil output levels against the backdrop of a weak global economy, fragile demand and oversupply.
Even as the global economic community hailed an agreement to rescue Spain’s stricken banks, there was concern in Rome on Sunday that investors could now begin treating Italy as the next weak link in the eurozone.
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Apple CEO Tim Cook is expected to show off new iPhone software and updated Mac computers and provide more details on future releases of Mac software when he kicks off the company’s annual conference for software developers on Monday.
Spain vowed to pursue austerity and economic reforms after securing a eurozone rescue for its stricken banks of up to 100 billion euros ($125 billion).
Shares and the euro rose and safe-haven debt fell on Monday after a bailout of up to 100 billion euros ($125 billion)for Spain’s banking sector eased some concern about its ability to survive the euro zone debt crisis.