MARKETS / FINANCE

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European shares stabilize, economic data eyed

European shares and the euro gradually recovered on Monday from early losses triggered by the mass downgrade of euro zone sovereign ratings last week, but they still looked vulnerable amid rising fears of a disorderly Greek debt default.

Greek default fears grow as talks stall

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Greece's private sector creditors warned on Monday that the Athens government must urgently break a deadlock in debt swap talks triggered by unreasonable demands from international lenders if is to avoid a disorderly default.

Greek default fears grow as creditors bridle at demands

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Greece must urgently break a deadlock in debt swap talks triggered by unreasonable demands from its partners, the head of a group of representing its private sector warned on Monday, as Athens raced against the clock to prevent an unruly default.
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Internet giants oppose Web control in India court

Internet giants Google and Facebook told an Indian court on Monday that it is not possible for companies to block offensive content that appears on their websites, in a case that has stoked fears about censorship in the world's largest democracy.
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Global shares, euro steady after S&P but outlook weak

European shares and the euro recovered from early losses on Monday in the wake of a mass downgrade of euro zone sovereign ratings, but trading was choppy with U.S. markets closed and the outlook for Greek debt talks uncertain.
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Straits Resources, Argonaut Lose Gold Exploration Appeal

Mining and exploration company Straits Resources and its partner Argonaut have lost a court appeal to explore an area in South Australia that they believe holds huge copper and gold resources, the companies said on Monday.
FTSE rises as China data lift miners, UK data eyed

Nord Gold to be Listed in London - Severstal

Russian steelmaker Severstal said on Monday that a planned London listing of its Nord Gold mining unit would proceed after investors representing 10.6 percent of the share capital in the business participated in a share swap.
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Shares weak but euro steadies as S&P shock fades

Euro zone bank shares fell but stocks seen as resilient to an economic slowdown gained on Monday in the wake of Standard and Poor's mass downgrade of euro zone sovereign ratings, while the euro hovered near 17-month lows against the dollar.
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S&P, Greece pressure euro zone to boost defenses

Mass euro zone ratings downgrades are unlikely to shake up investors too much, but with Greek debt talks at an impasse, pressure has been loaded on the bloc to shore up its defenses and glimmers of optimism from last week have been firmly doused.
Gold pellets

Gold Prices Firm above 200-Day Moving Average

Gold firmed in Europe on Monday, rising back above $1,640 an ounce, as a recovery in stock markets and the euro took some downward pressure off prices, with traders digesting last week's mass downgrade of euro zone countries from Standard & Poor's.
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European shares sink after S&P cuts

European shares fell on Monday and the euro was stuck at 17-month lows against the dollar while German government bonds eased after early gains on fears that S&P's mass euro zone sovereign rating cuts and a Greek debt standoff would worsen the region's debt crisis.
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IMF executive Lipton urges swift action for Europe

Europe will see a downward spiral of collapsing confidence if no further action is taken, said David Lipton, first deputy managing director at the International Monetary Fund, urging a pause in monetary tightening for countries in which inflation has eased.
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Shares fall as euro zone downgrades rekindle fears

Asian shares fell on Monday on fears that mass sovereign debt rating cuts by Standard & Poor's would further aggravate euro zone funding difficulties, threatening to derail progress in resolving the debt crisis.
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Analysis: Foreign firms pay up to enter China's funds industry

China's $350 billion mutual funds industry may be stumbling due to a sliding stock market and fierce competition but that has not stopped new foreign entrants from paying hefty premiums -- double of what they are offering in India, in some cases -- to get their toes in.
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ECB aims to restore calm after S&P cuts: Nowotny

The European Central Bank will do all it can to calm the situation after Standard & Poor's downgraded several euro zone members' debt ratings in the past week, ECB Governing Council member Ewald Nowotny said on Sunday.
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It's earnings vs Europe for stocks

U.S. stock investors will return to a tug of war between signs of domestic strength and overseas concerns this week as a batch of critical earnings reports look to add credence to the idea the economy is improving, while credit rating downgrades in Europe will keep that region's difficulties in view.
Tunisian Jew reads from the Torah in a synagogue in Tunis

The Vanishing Jews of Tunisia

Tunisia is one of the few Arab Muslim countries that still has a significant Jewish community (which traces its origins back 2,000 years).
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Merkel vows faster eurozone reform after S&P downgrades

European leaders promised on Saturday to speed up plans to strengthen spending rules and get a permanent bailout fund up and running as soon as possible, a day after U.S. agency S&P cut the ratings of several euro zone countries' creditworthiness.
Residents inspect the site of a bomb attack in Basra

Shia-Sunni Conflict Again Erupts in Iraq

The ancient enmity between Shia and Sunni Muslims exploded in violence again on Saturday in Iraq when a suicide bomb killed at least 50 Shia pilgrims and wounded almost 100 in the southeastern city of Basra, according to Iraqi police and security officials.
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Venture capitalists, startups hope to hit Sin City jackpot

Former NFL player Jeremy Bloom anxiously scanned the crowd at a taco party under the luminous faux-sky of the Venetian hotel's canal walk in Las Vegas. The wide receiver turned entrepreneur wasn't hoping to spot friends or catch a waiter's attention -- he was on the lookout for venture capitalists.
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VCs, startups hope to hit Sin City jackpot

Former NFL player Jeremy Bloom anxiously scanned the crowd at a taco party under the luminous faux-sky of the Venetian hotel's canal walk in Las Vegas. The wide receiver turned entrepreneur wasn't hoping to spot friends or catch a waiter's attention -- he was on the lookout for venture capitalists.

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