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Asian Shares Dip After Greek Coalition Deal

Asian shares struggled and credit markets weakened Monday, with investors still nervous despite the agreement on formation of a new Greek unity government intent on avoiding imminent debt default.

Greek Parties Agree on Unity Government

Greek President Papoulias holds a meeting with PM Papandreou and leader of conservative New Democracy party Samaras in Athens
Greek Prime Minister George Papandreou sealed a deal with the opposition Sunday night on a crisis coalition to approve an international bailout, but details remain thin despite an EU ultimatum for Athens to get serious about tackling its huge problems.

Greece Seals Sketchy Coalition Deal Under EU Pressure

Greek Prime Minister George Papandreou addresses lawmakers in the parliament prior to a confidence vote in Athens
Greek Prime Minister George Papandreou sealed a deal with the opposition on a crisis coalition to approve an international bailout, but details remain thin despite an EU ultimatum for Athens to get serious about tackling its huge problems.
Oegussa plant gold

Gold Rises 1% amid Jitters on Greece and Italy

Gold prices gained nearly 1 percent on Monday after Greece's politicians sealed a deal to form a coalition government, while continued uncertainty about resolving the zone's debt crisis supported safe-haven demand in bullion.
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Greek PM Papandreou walks towards the Presidential Palace in Athens

Papandreou Seeks to Form Unity Government in Greece

The principal opposition party, New Democracy, has demanded that Papandreou call early elections and insisted it will not accept any coalition government with the current Prime Minister.
RBI

RBI May Reverse Tight Monetary Stance Soon

The Reserve Bank of India (RBI) may consider reversing its tight monetary stance as inflationary woes begin to ebb next month, a top policy adviser said.
Greek PM George Papandreou and FM Evangelos Venizelos applaud after winning a vote of confidence in the Greek parliament in Athens

Greek PM to Push Coalition Plan in Meeting with President

Greek Prime Minister George Papandreou is meeting with Greek President Karolos Papoulias Saturday in the drive for a new coalition government to save the nation from bankruptcy and prevent its debt crisis from spreading chaos across the Eurozone.
Libya"s newly elected Prime Minister Abdul Raheem al-Keeb

New Libyan PM Abdurrahim el-Keib Faces Tough Challenges

Libya's new interim prime minister, Abdurrahim el-Keib was a professor of electrical engineering and an entrepreneur who had to live in exile for 10 years because of pressure from the late Moammar Gadhafi's regime over his political views.
U.S. Stock Market

Wall Street Week Ahead: Coping with Chaos in Europe

U.S. stock investors have had to take their own self-help course on living with uncertainty due to Europe's crisis, and they may need to draw on that next week because it is completely unclear when the next upheaval will come.
Greek Premier Papandreou addresses the Greek parliament in Athens

Greek PM George Papandreou Wins Confidence Vote

Greek Prime Minister George Papandreou has won a parliamentary confidence vote and avoided snap elections that would have affected Greece's bailout deal and the Eurozone's economic crisis.
Italy's Prime Minister Silvio Berlusconi

Italy Agrees to Let EU, IMF Monitor Reforms

Italy, under fierce pressure from financial markets and European peers, has agreed to have the IMF and the EU monitor its progress with long- delayed reforms of pensions, labor markets and privatization, senior EU sources said Friday.
Google

Google Tweaks Algorithm to Give Fresher Results

It was announced Thursday that search engine giant Google will be tweaking its algorithm to produce fresher results, which will affect about 35 percent of what search results come up now.
U.S.: The Cost of War

Afghanistan War: The Cost of War

The Iraq/Afghanistan Wars have been costly, but the United States' longer trend of spending too much on defense and not enough on public goods over two decades could end up costing the economy and the nation far more.
Greek Prime minister Papandreou

Greek PM Ready to Yield to Coalition if Vote Won

Greek Prime Minister George Papandreou has struck a deal with ministers to step down and hand power to a negotiated coalition government if they help him win a confidence vote on Friday, government sources with knowledge of a cabinet meeting said.
Central Bank of Egypt

Egypt foreign reserves post largest drop since April

Egypt's net foreign reserves slid by $1.93 billion last month, their worst drop since April, as investors dumped more treasury bills and other assets because of uncertainty over a peaceful transition to civilian rule, analysts said.
An oil rig prepares to drill in western Uganda, near the shores of Lake Albert

DRC sees new onshore oil bid round in 2012

The Democratic Republic of Congo could offer up to 10 blocks in a new onshore hydrocarbon bid round possibly launched next year, a senior government official said on Thursday.

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