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Berlin confident Italy will take austerity measures

Germany's government has full confidence in Italy to take the necessary decisions regarding austerity measures and sees no need to expand the euro zone bailout mechanism, a government spokesman said on Monday.

Apple's iPhone 5 Still Aiming for September Launch?

Apple's iPhone 4
Apple Inc. is gearing up production of the iPhone 5, but some analysts say it's unlikely to be revealed before 2012. Yet there seems little doubt, considering Apple's projection of selling 25 million iPhones by the end of 2011, that the release is right around the corner.
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Greece: Bond Vigilante Target

'Bond Vigilantes' Could Trigger U.S. Sovereign Debt Crisis

Greece, tiny Mediterranean nation plagued by debt problems, still bears watching by U.S. investors/readers. The reason? Bond vigilantes who have driven up Greece's interest rates could do the same in the United States, if Washington doesn't eliminate its budget deficit.
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Deutsche Bank to speed up CEO choice over weekend

Deutsche Bank will come closer to deciding on its next chief executive this weekend when Chairman Clemens Boersig meets key supervisory board members to discuss leadership options, a person familiar with the matter said.
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Greek bond buybacks on table in latest bank talks

ROME, July 7 - International banks, under pressure from European governments to help with another Greek bailout, discussed buying back the country's bonds in another attempt to stitch together a rescue plan after a French initiative failed.
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NYSE shareholders back D.Boerse deal

NYSE Euronext shareholders approved a $9.6 billion takeover of the American exchange operator by Germany's Deutsche Boerse AG on Thursday, moving the focus across the Atlantic where the deal faces its toughest battles.
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Banks struggle to agree Greek aid plan in Rome talks

International banks, under pressure from European governments to roll over their holdings of Greek debt, tried again to come up with a joint rescue plan on Thursday after talks over a French proposal fell apart.
Greece Default: The Impact

Greece Default Would Push U.S. Mortgage Rates Higher

It's a small world, after all. For U.S. readers and investors, Greece may seem like some small, exotic European country, but that could not be further from the truth. From an interest rate standpoint, if Greece defaults on its debt, U.S. interest rates, including home mortgage rates, are likely to rise.
International Olympic Committee (IOC) President Jacques Rogge announces Pyeongchang as the winning city bid for the 2018 Winter Olympic Games

[PHOTOS] South Korea Overjoyed: Raw Reactions to Pyeongchang's 2018 Olympics Win

Pyeongchang, Korea, was announced as the host city for the 2018 Olympic Winter Games today - a crushing victory over rivals Munich of Germany and Annecy of France in the International Olympic Committee (IOC) vote in Durban. After two failed attempts for 2010 and 2014, Pyeongchang will mark the first Winter Games in Asia outside of Japan
International Olympic Committee (IOC) President Jacques Rogge announces Pyeongchang as the winning city bid for the 2018 Winter Olympic Games

[PHOTOS] South Korea Overjoyed: Raw Reactions to Pyeongchang's 2018 Olympics Win

Pyeongchang, Korea, was announced as the host city for the 2018 Olympic Winter Games today - a crushing victory over rivals Munich of Germany and Annecy of France in the International Olympic Committee (IOC) vote in Durban. After two failed attempts for 2010 and 2014, Pyeongchang will mark the first Winter Games in Asia outside of Japan

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