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At Issue: U.S. Debt Deal

Senate Expected to Pass Debt Deal Bill, Markets Relieved

The U.S. is one Senate vote away from averting a federal government default and toward taking a step in the direction of fiscal health: The Senate is expected to vote and pass the bipartisan debt deal legislation Tuesday around noon EDT, and President Barack Obama is expected to sign it quickly.
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'Headwinds' should keep RBA at bay

The TD-MI Monthly Inflation Gauge has indicated a 0.3% rise in July, bringing the year-on-year figure to 3.2%. The result takes inflation above the Reserve Bank's target band of two to three per cent.
The Bank of Korea governor Kim answers a reporter's question during a news conference after a rate setting meeting at the bank's headquarters in Seoul

Bank of Korea buys gold, first time since '97-'98

South Korea's central bank bought 25 tonnes of gold over the past two months in its first purchase in more than a decade, saying the time was ripe to boost its gold holding, but markets barely moved on the news.
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Synchronoss Q2 beats Wall Street, ups FY11 outlook

Communication software maker Synchronoss Technologies Inc posted better-than-expected quarterly results, helped by a 13 percent jump in revenue at its largest customer, AT&T Inc, and raised its full-year outlook.
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HighTower lands Merrill private banking team

HighTower Advisors, a firm that is expanding by poaching financial advisers from the big brokerages, on Monday said it hired a private banking team from Merrill Lynch managing more than $1 billion of client assets.
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HighTower lands Merrill private bankers

HighTower Advisors, a firm that is expanding by poaching financial advisers from the big brokerages, said on Monday it hired a private banking team from Merrill Lynch managing more than $1 billion of client assets.
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Why Twitter Isn't Worth $8 Billion

Twitter announced on Monday that it had received another significant investment, this time $800 million from Russian investment firm DST Global. The deal gives the social media company an $8 billion valuation, but a big question still remains--why?
The sign up page of Linkedin.com is seen in Singapore

Is it 1999 all over again for tech stocks?

I wasn't one of those people who lost a bunch of money when dot-com stocks blew up in 2000, but to be honest, that's because I didn't make a lot of money in the bubblicious run up, either.
Cantor leads fellow House Republicans as they talk to reporters about their proposed deficit-cutting plan at the U.S. Capitol in Washington

Answers to the 7 big "what-ifs" of debt default

The debt negotiations are getting down to the wire. Republican and Democratic lawmakers are scrambling to broker a deal to raise the country's $14.3 trillion debt ceiling before Tuesday, when the Treasury will no longer be able to borrow funds to meet all of its obligations. It all means the United States could face the possibility of defaulting on its debt and losing its prized triple-A credit rating.
Senate Majority Leader Harry Reid speaks at a news conference in Washington

Democrats try to break debt impasse

Senate Democrats aimed to seize the initiative in efforts to head off a ruinous debt default by pushing their deficit-cutting plan on Saturday toward a possible compromise with a divided Republican Party.

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