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BMW aims for top spot in 2012 as luxury sales soar

BMW posted record car sales for 2011 and forecast that a boom in luxury cars would keep it ahead of rivals this year as the world's biggest maker of premium cars enjoys strong demand from China and the United States.

Gold to Reach $1,940 by Yearend - Goldman Sachs

Gold bars in Saudi Arabia
Oil, gold and base metals are Goldman Sachs' top commodity picks this year, with big upside risk in oil due to tight fundamentals and a potential Iranian conflict, the investment bank said on Monday.

Goldman sees massive upside risk in oil prices

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Oil, gold and base metals are Goldman Sachs' top commodity picks this year, with big upside risk in oil due to tight fundamentals and a potential Iranian conflict, the investment bank said on Monday.
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Traders work on the floor of the New York Stock Exchange

Stock Futures Edge up as Euro Leaders Meet, Alcoa Eyed

Stock index futures edged higher on Monday as investors focused on a European meeting intended to find ways to boost the region's economies and tackle a debt crisis and prepared for the start of U.S. corporate earnings.
Welding robots assemble a bodywork of a Volkswagen's Golf VI car in a production line at the Volkswagen headquarters in Wolfsburg

German Surplus Widens, France Set for Record Trade Gap

German exports bounced back in November boosting the country's trade surplus, a sign that Europe's largest economy may avoid a sharp slowdown in contrast to France which is expected to have run up a record trade deficit in 2011.
General Motors

GM Cadillac ATS to Challenge German Luxury Brands

American automotive manufacturer General Motors (GM) has thrown down the gauntlet to reigning luxury brands in the market like German companies BMW and Mercedes Benz, by unveiling its compact Cadillac ATS sports sedan.
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China Loan Growth Quickens

China's banks ratcheted up lending in the last month of 2011 on the back of stronger money supply, reinforcing perceptions that the central bank is gently easing policy to cushion the impact of the global economic slowdown.
Republican presidential candidates (L-R) former U.S. Senator Rick Santorum (R-PA) listens as former Massachusetts Governor Mitt Romney speaks during the Republican presidential candidates debate in Concord, New Hampshire, January 8, 2012.

Rivals Get Another Crack at Romney in Sunday Debate

Republican presidential candidates stepped up their attacks on rival Mitt Romney in a televised debate on Sunday morning -- a mere two days before primary-election voters in New Hampshire head to the polls -- and the front-runner mostly weathered the attacks.
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China loan, money supply growth pick up

Chinese banks ratcheted up the pace of lending in the last month of 2011 to 640.5 billion yuan ($101.51 billion) from 562.2 billion yuan in November as the central bank eases policy to cushion the domestic impact of the global economic slowdown.
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World Bank to recommend China financial reforms

The World Bank will recommend reforms to China's domestic financial system as part of broader proposals to help wean the country from a dependence on exports to sustain economic growth, World Bank President Robert Zoellick said on Saturday.

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