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Sarbi, the official mascot of the IAAF World Championships Daegu 2011, pose for a picture during a mascot tour to promote the Championships in Seoul

Medal Hopes Slim But Hosts South Korea Excited

The South Korean city of Daegu has vowed to make its mark on the global stage with a stunning athletics World Championships starting on Saturday, though the hosts' medal ambitions are far less grand.
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Analysis: Gold Shines As Swiss Franc Fades

Moves by the Swiss National Bank to curb strength of the Swiss franc will fuel investors' insatiable demand for gold, adding to its relentless rise to new record highs as confidence in the franc as a safe store of value dwindles.
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Gold Price Just $2 Shy of Record High $1,900

The price of gold early Monday came within $2 of a record high $1,900 per ounce before settling back to 1.2 percent gain over Friday's closing price as a host of global economic worries drove investors into the security of the world's oldest form of money.
Rocket shoots skyward

Gold Near Record High $1,900

Gold prices rallied toward $1,900 an ounce on Monday as concerns over the global economic outlook fueled interest in the precious metal as a haven from risk and due to talk that weak U.S. growth could spark a further round of monetary easing.
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Soaring Australian dollar claims manufacturing victims

Australia's strong currency struck a heavy blow to the nation's manufacturing industry on Monday when BlueScope Steel , its largest steelmaker, unveiled plans to shut half of its steel-making capacity, cease exports and slash 1,000 jobs.
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Japan signals readiness to intervene in currencies

Japan will take decisive action against any speculative moves in the currency market, Finance Minister Yoshihiko Noda said, signaling Tokyo's readiness to intervene to stem further yen rises after its spike to a record high last week.
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Brent Crude, U.S. Oil Fall on Hopes of Libya Flow

Brent crude dropped more than $3 on Monday to below $106 a barrel, while U.S. oil fell more than a dollar to below $82, on the potential for a resumption of exports from OPEC-member Libya as a six-month civil war there appeared close to an end.
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Brent drops more than $3, eyes on Libyan oil flow

Brent crude dropped more than $3 on Monday to below $106 a barrel, while U.S. oil fell more than a dollar to below $82, on the potential for a resumption of exports from OPEC-member Libya as a six-month civil war there appeared close to an end.
A man walks past an electronic board displaying share prices in Tokyo

European Stocks Poised to Fall as Gold Hits $1,878

European stocks looked set to extend four weeks of losses Monday, tracking jittery Asian shares lower, while gold shot to new highs as investors worried about the sluggish U.S. economic outlook and Europe's festering debt crisis.
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European stocks to fall, gold climbs

European stocks looked set to extend four weeks of losses on Monday, tracking jittery Asian shares lower, while gold shot to new highs as investors worried about the sluggish U.S. economic outlook and Europe's festering debt crisis.
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Asian stocks give up early gains on global woes

Jittery Asian stocks surrendered early gains and turned lower on Monday, adding to last week's steep losses, while gold shot to new highs as investors worried about the sluggish U.S. economic outlook and Europe's festering debt crisis.
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Asian stocks rise, gold near high

Asian stocks turned positive on Monday, recovering a small portion of last week's steep losses, while gold shot to new highs as investors worried about the sluggish U.S. economic outlook and Europe's debt crisis.

Asian Stocks Rebound; Gold Hits $1,878

Asian stocks turned positive on Monday, recovering a small portion of last week's steep losses, while gold shot to new highs as investors worried about the sluggish U.S. economic outlook and Europe's debt crisis.
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Bank of Japan may ease monetary policy again

The Bank of Japan will consider easing monetary policy further, possibly at an emergency meeting before next month's rate review, if further rises in the yen push down Tokyo stock prices enough to hit business sentiment, sources said.
U.S. Vice President Biden and China's Premier Wen smile during their meeting at Zhongnanhai leadership compound in Beijing

Biden Tells China Not to Count out U.S. Strength

U.S. Vice President Joe Biden on Sunday rejected views that American power is waning and said Washington would never default, wrapping up a China visit that has played down tensions between the world's two biggest economies.

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