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Asian shares, euro guarded over likely Greek debt deal

Asian shares inched down and the euro fell from its highest in more than six weeks Monday, as markets cautiously tuned in to a likely debt swap deal for Greece that is crucial to avoiding a messy default and eyed yet another European summit meeting.

Gold Price Retreats from 7-Week High

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Gold ticked lower Monday after earlier rising to its highest in more than seven weeks as investors awaited the outcome of Greece's debt deal talks, but sentiment was supported by a firmer euro and lower-than-expected U.S. growth data.

Water Leak at Fukushima Suspends Cooling Operation

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Japan's stricken Fukushima nuclear power plant has leaked more than 600 liters of water, forcing it to briefly suspend cooling operations at a spent-fuel pond over the weekend, but none is thought to have escaped into the ocean.
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U.S. growth quickens, but speed bumps ahead

The U.S. economy grew at its fastest pace in 1-1/2 years in the fourth quarter, but a rebuilding of stocks by businesses and slower business spending warned of weaker growth in early 2012.
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Hedge Fund Bridgewater Assoc. Betting on Gold

The world's biggest hedge fund Bridgewater Associates posted returns of 23 percent in 2011, in a year when most of its peers underperformed the major stock market indexes, the New York Times reported, citing people familiar with the firm's investment strategy.
A man monitors stock market prices inside a brokerage in Taipei

World Stock Markets Steady Near 5 1/2-Month High

World stocks held steady near a 5-1/2 month high on Friday as investors anticipated an imminent conclusion to Greek debt talks while lower Spanish bond yields and a fall in Italy's six-month borrowing costs also supported the euro.
Man uses a mobile phone among advertisements of a department store in Tokyo

Japan Prices Fall, Mild Deflation to Persist

Japan's core consumer prices fell for the third consecutive month in the year to December, and mild deflation is expected to persist this year as energy prices stabilize and worries about Europe's debt crisis suppress wage growth and economic activity.
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Nintendo sees profit next year, but shares tumble

Nintendo President Satoru Iwata dismissed the idea that the age of the dedicated handheld games device was over and said he aimed to return the company to substantial profit in 2012/13, after it warned of its first ever operating loss this year.
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Nintendo sees bigger loss as smartphones hit sales

Nintendo President Satoru Iwata dismissed the idea that the age of the dedicated handheld games device was over and said he aimed to return the company to substantial profit in 2012/13, after it warned of its first ever operating loss this year.
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Asian Stocks Pause After Rallying on Fed Policy

A broad asset rally inspired by the U.S. Federal Reserve's pledge to keep rates low paused Friday, as investors sought to gauge how sustainable the burst of optimism will be while waiting for the outcome of crucial Greek debt talks.
Republican presidential candidate and former Speaker of the House Newt Gingrich is silhouetted against the U.S. flag during his speech at a Space Coast meeting in Cocoa, Florida January 25, 2012.

Gingrich Calls for Moon Base, Space Contests

Republican presidential contender Newt Gingrich called on Wednesday for a base on the moon and an expanded federal purse for prize money to stimulate private-sector space projects.
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Eyes on Samsung smartphone sales, spending plans

Samsung Electronics Co, the world's top technology firm by revenue, will report record quarterly profit on Friday, powered by strong sales of its smartphones, but most interest will be in its 2012 spending plans and mobile sales numbers as it vies with Apple Inc for smartphone supremacy.

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