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Gold Tops $1,700 on Draghi Comments, Holds Despite Good Jobs Data

Gold futures blew past the $1700-per-ounce mark early Thursday morning ahead of a widely-anticipated appearance by European Central Bank president Mario Draghi where the central bank head was expected to announce further monetary accommodation in the eurozone.
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onion

July inflation Likely Up Due to Poor Rains

Inflation probably crept up in July as poor monsoon rains drove food prices higher, a Reuters polls showed on Wednesday, giving the RBI less room to cut interest rates to revive a flagging economy.
onion

July Inflation to Pick up, Stoked by Poor Rains

Indian inflation probably crept up in July as poor monsoon rains drove food prices higher, a Reuters polls showed on Wednesday, giving the RBI less room to cut interest rates to revive a flagging economy.
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Facebook Stock May Swing After Announcement of Its Earnings

Investors in Facebook stock are bracing themselves for something wild. The market is bracing for big swings in Facebook Inc (FB.O) shares after the social media company reports earnings for the first time as a public company.
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Proxy Adviser Urges Defeat Of RIM Board Member

Investors in Research In Motion Ltd should not re-elect one-time lead director John Richardson to the board of the struggling BlackBerry maker at Tuesday's annual meeting, proxy advisory firm Glass Lewis said.
 Ford to invest $400 mln in Kansas plant, create 3,750 jobs

Losses in Europe, Growth in US - Time For Ford To Leave Europe?

Ford Motor Company (NYSE: F) must be asking itself when the European automotive market becomes too toxic as sales in the region slump, the euro zone teeters on the brink of disaster and carmaker predicts European losses of close to $600 million in the second quarter.
Best Buy bags U.S. mobile venture, axes UK chain

Best Buy Preps For Cautious China Re-Entry

Best Buy Co. Inc. (NYSE: BBY) is returning to China, but this time the world's largest electronics retailer is returning as a smaller version of its previous self.
International Business Times Logo

Moody's Takes a Hatchet to Global Banks

Few large financial institutions managed to escape unscathed as Moody's repositioned the ratings of 15 banks and securities firms with global capital markets operations after the closing bell on Thursday.
International Business Times Logo

Who's Next on the Debt Chopping Block?

Markets reacted positively to the Spanish banking sector bailout for about two hours before the sobering reality of the situation set in.
Chesapeake Energy

Chesapeake Energy Selling Pipelines For $4B

Chesapeake Energy Corporation (NYSE: CHK), the nation's second largest natural gas producer, is seeking to patch its $22 billion shortfall brought on by dropping natural gas prices by selling its midstream pipeline assets to Global Infrastructure Partners for $4 billion, the company announced Friday.
A security guard walks past a logo of Alibaba (China) Technology Co. Ltd at its headquarters on the outskirts of Hangzhou

Big Deal For Alibaba,Yahoo: The $7.1B Is Only Half Of It

China's Alibaba Group and Yahoo confirmed Sunday night they have reached an agreement that will allow the two online media giants to eventually go their own ways. Alibaba initially will pay an estimated $7.1 billion in cash and preferred stock to Yahoo.

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