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A picture illustration shows Japanese 10,000 yen notes featuring a portrait of Yukichi Fukuzawa, the founding father of modern Japan, taken in Tokyo

Yen Down against Dollar after Bank of Japan Easing

The yen fell on Tuesday as the Bank ofJapan eased monetary policy by expanding its asset-buying scheme, but the impact on the currency may prove short-lived while nagging worries over the euro zone crisis keep it supported as a safe haven.
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Workers maintain the huge Euro logo next to headquarters of ECB in Frankfurt

Europe's Shadow Darkens Outlook

A renewed focus on Europe's banking and debt crisis may quickly sap the nascent optimism about global economic prospects that followed a remarkably solid U.S. January employment report.
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Brent Crude Oil Rises above $112

Brent crude rose above $112 on Friday as Supreme Leader Ayatollah Ali Khamenei warned that the Iran would retaliate over an oil embargo at the right time.
Portugal Finance Minister Vitor Gaspar

European Debt Crisis: Portugal, Greece Dominate Storyline

Portugal and Greece dominated the headlines out of Europe Wednesday, as both nations appeared to be opening new chapters in the continuing Eurozone sovereign debt crisis. Paradoxically, positive developments in one country were actually seen as the reason negative news were emerging from the other.
A labourer builds components of wind turbines at a wind power equipment factory in Zouping

World Factory Output Curbed by Troubled Europe

Crumbling global demand restrained factory output in Asia and most of Europe in January, business surveys showed on Wednesday, putting pressure on policymakers to shore up growth and counter a spreading malaise.
Gold bars

Gold Rallies as Euro Rebounds

Gold rallied for a second day on Wednesday as the euro rebounded following upbeat German economic data, building on gains in January that marked the metal's strongest starting month in 32 years.
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Greek PM Seeks Reform Backing, IMF Warns on Fiscal Pain

Greece's prime minister is seeking backing from the country's political leaders for more austerity measures, with the International Monetary Fund warning that long-term commitment to reforms is key to securing a new bailout.

Brent Crude Oil Falls Below $100 on Recession Fears

Brent crude slipped below $110 on Wednesday as recession fears, partly rekindled by stalled Greek debt talks, weighed on the outlook for demand, while threats by Iran to respond to European sanctions by shutting a vital trade route supported prices.
The highest index on the DAX board is pictured at the Frankfurt stock exchange

European Stocks Hit Highest Level Since August

European stocks hit their highest close since early August on Monday, with euro zone banks gaining sharply following a report that France and Germany were calling for a relaxation of global bank capital rules to prevent a credit crunch.
A tourist walks in front of the Parthenon temple at the Acropolis in Athens

Eurozone Stocks Fizzle, Greek Default Fears Cited

A rally for European stocks and the euro ran out of steam on Friday, with markets focused on debt talks between Greece and its private creditors that may prove the trigger for the next leg of the euro zone's debt crisis.
Avion Gold mine blasting

Gold Climbs to Highest in a Month on Chinese Demand

Gold rose for a second day on Wednesday, hitting its highest in a month, as evidence of strong demand from major consumerChina helped boost the price above a key technical level, and offset the impact of a softer euro.
Gold pellets

Gold Rises to 200-Day Moving Average; Platinum Surging

Gold rose towards $1,640 an ounce on Tuesday and other precious metals rallied, with a rebound in the euro versus the dollar making dollar-priced assets more attractive to holders of other currencies, and after bullion breached a key chart level.
Welding robots assemble a bodywork of a Volkswagen's Golf VI car in a production line at the Volkswagen headquarters in Wolfsburg

German Surplus Widens, France Set for Record Trade Gap

German exports bounced back in November boosting the country's trade surplus, a sign that Europe's largest economy may avoid a sharp slowdown in contrast to France which is expected to have run up a record trade deficit in 2011.
Johnson looks for warehouse work online at the Employment Development Department of California service office in San Francisco

Unemployment Near 3-Year Low

U.S. employment growth accelerated last month and the jobless rate dropped to a near three-year low of 8.5 percent, the strongest evidence yet the economic recovery is gaining steam.
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Italy 10-Year Borrowing Costs Stay Near Record at Sale

Italy's borrowing costs fell from recent record highs at a bond auction on Thursday but cautious investors still demanded a near 7 percent yield to buy 10-year debt, a level seen unsustainable over time for the Eurozone's third-largest economy.

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