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Dollar falls to 7-month low vs yen on growth concerns

The dollar touched a seven-month low against the yen on Thursday as Chinese and U.S. economic reports added to investors' uncertainty about the global economic recovery. Chinese manufacturing PMI data showed slower growth in June, heightening concerns over the global economic recovery and weighing on high-yielding currencies.

Gold slides towards $1,220 after U.S. data

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Gold prices dropped toward $1,220 an ounce on Thursday, caught up in selling of other assets like equities and industrial commodities after U.S. economic data disappointed the financial markets. The metal is expected to extend its recent gains in the medium term, however, after outperforming most other commodities and all other metals in the second quarter as investors turned to bullion as a haven from risk in the wider markets.

GM June sales up nearly 11 percent

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General Motors Co reported a 10.7 percent rise in June U.S. sales, helped by strong demand for newly launched vehicles such as the Chevrolet Equinox crossover and a recovery in truck sales.
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Bank stress test details vague as deadline looms

Details of Europe-wide testing of banks' financial vulnerabilities are still being worked out as an end-of-July deadline to publish the stress test results for individual banks looms, the Bundesbank said on Thursday.
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Toyota considering another recall

Toyota Motor Corp by Thursday morning had not yet alerted U.S. safety regulators of a recall of Toyota and Lexus models for possible engine stalling while driving, a NHTSA official said.
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Asia, European growth coming off the boil

Asian and European manufacturing output growth cooled further in June, with China hitting its slowest pace in more than a year -- further evidence that the global economic recovery is moderating.
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Dollar extends slides vs yen after US jobless claims

The dollar extended declines against the yen on Thursday after data showed initial U.S. weekly jobless claims came in higher than expected. The dollar dropped to 87.49 yen JPY= after the data from around 87.61 prior to the release of the data. The euro fell to $1.2357 EUR= from $1.2369 prior to the data's release. The euro had already risen 1 percent against the dollar before the data's release.
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Stock futures dip on moderate China growth

Stock index futures fell on Thursday as moderate Chinese manufacturing data fueled worries about the strength of global economic growth, a day after Wall Street ended its worst quarter since the market meltdown triggered by the collapse of Lehman Brothers.
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Diamond imports from India surge by 55%

According to Russian diamond-mining giant Alrosa's rough diamond price forecast up to 2018, rough diamond production is expected to return to 2008 levels (165 MM carats) no earlier than 2015 and, thereafter, to remain at around 165-167 MM carats per year as a result of a limited supply of new projects and depletion of existing mines.
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Dollar extends losses, hits 7-month low vs yen

The dollar hit a seven-month low versus the yen on Thursday, stung by broad weakness and as traders took a stab at stop-loss orders suspected around the dollar's weakest of the year.
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Gold holds near $1,240/oz

Gold held steady near $1,240 an ounce in Europe on Thursday, supported by concerns over weak global growth which are weighing on more economically sensitive assets like stocks and industrial commodities.
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Yuan ends near post-revaluation high

The yuan strengthened but stopped short of breaching its recent post-revaluation high against the dollar on Thursday as traders worried the central bank might intervene to pull it back if it rises too far, too fast.
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Stock futures fall after China data

Stock index futures fell on Thursday after soft Chinese manufacturing data and a day after Moody's warned of a potential downgrade for Spain and Wall Street ended its worst quarter since the collapse of Lehman Brothers.
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House passes landmark financial reform bill

The House of Representatives on Wednesday approved a landmark overhaul of financial regulations but the Senate put off action until mid-July, delaying a final victory for President Barack Obama.
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World stocks and commodities hit by growth worries

Investors gave stocks and commodities a wide berth on Thursday on mounting worries about the strength of the global economic recovery after manufacturing data showed China's rapid growth was slowing.
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Stock index futures fall; economic data eyed

Stock index futures pointed to a lower open for Wall Street on Thursday, with futures for the Dow Jones down 0.2 percent, for the S&P 500 down 0.3 percent and for the Nasdaq down 0.4 percent by 0906 GMT.
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Oil tumbles 4th day on China economic growth worries

Oil fell for a fourth straight day on Thursday, shedding 1.7 percent toward $74, on signs that China's economic growth was slowing, raising concerns about energy demand. The pace of manufacturing growth in the world's second largest oil consumer slowed in June as government steps to cool the property market and curb bank lending combined with a faltering global recovery.
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Gold ticks down but global economic worries support

Gold edged down on Thursday as investors waited for more clues on the state of the global economy after prices rallied toward a record this week, but falling shares could spur another round of safe haven buying.
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Gold edges down on conflicting reports

Gold prices dropped below $1240 in Asian trade Thursday mainly on conflicting reports over global economic situation. Gold for immediate delivery was seen trading at $1239.84 an ounce at 12.00 noon Singapore time while U.S. gold futures for August delivery was at $1,241.7 on the Comex in New York.
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Fed officials see soft recovery and more uncertainty

Jitters that financial strains may derail the U.S. economic recovery mean the Federal Reserve will be in no rush to end its ultra-low interest rates, comments by officials of the U.S. central bank suggested on Wednesday.
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Asia stocks and commodities fall on China slowdown

Asian stocks and commodities began the second half of the year on a sour note on Thursday, with Japanese stocks sliding to a seven-month low after manufacturing data showed China's rapid economic growth was slowing.

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