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Bull and a bear styrofoam figurines are pictured at the trading floor of Frankfurt's stock exchange in a wide-angle picture taken during morning trading session

Stocks negative on the year, gold hits record

Major stock indexes around the world lost all of their gains on the year and gold hit a record on Tuesday after a deal to raise the U.S. debt ceiling gave no comfort to investors preoccupied with sluggish global growth.
Lower Bank Deposit Guarantee

Small business borrowing jumps: PayNet

Borrowing by small businesses jumped in June to the highest level in more than three years, a sign that a so-far elusive resurgence in economic growth may be around the corner.
China to cut bank loans to local govts-regulator

Goldman sells $479 million worth of ICBC shares for client

Goldman Sachs International sold HK$3.73 billion ($478.7 million) worth of shares in Industrial and Commercial Bank of China Ltd, the world's largest lender by market value, in what it said was a transaction to help a client hedge its position in the bank.
Molson Coors struck a deal to buy StarBev, a leading Eastern European brewer, in a bid to expand to that region

Economy Bad Enough that People Are Buying Less Beer?

In the tough economy, people are buying less Coors beer. Molson Coors Brewing Co. said Tuesday weak sales hurt quarterly profits, citing weak economic conditions, sentiment that was underscored hours later when the U.S. Commerce Department released figures show consumer gains combined with rising fuel costs prompted Americans to pinch dollars more tightly -- and beer was apparently one of the items cut.

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