Coffee futures in New York advanced to a 13-year high on concern that global supplies will be limited. Sugar climbed to the highest price in almost six months. Full Article
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EU official calls for regular bank 'stress tests' 15:05
The European Union's financial services chief called on Wednesday for so-called "stress tests" on banks to be carried out on a regular basis, to judge their resilience in the event of another crisis.
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BP report on Gulf oil disaster to accept 'some blame' 15:03
An internal BP inquiry due on Wednesday into what caused the Gulf of Mexico oil spill is expected to accept that BP staff made mistakes before the disaster, the Financial Times reported.
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European shares edge lower, banks continue to fall 14:31
European stocks markets moved lower in early trading Wednesday, adding to the previous session's losses as bank stocks continued to lose ground.
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Dollar hits 15-year low vs yen 13:44
The yen struck a fresh 15-year high against the dollar and edged closer to a nine-year peak against the euro on Wednesday ...
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Yuan Trading Against Russian Ruble Said to Start Within Weeks in Shanghai 10:35
China may start yuan trading versus the Russian ruble within weeks, seeking to encourage use of its currency for global trade instead of the dollar...
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Gold `Within a Stone's Throw' of Record as Equities Slump, Euro Declines 10:02
Gold traded near a record as a drop in equities increased the appeal of the precious metal as an alternative investment. Silver gained to near the highest level since March 2008.
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Current-Account Widens More Than Forecast as Firms Withstand Stronger Yen 08:40
Japan’s current-account surplus widened more than forecast in July as export gains outpaced imports...
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Asian Shares Weaker; Yen Strength Hurts Japanese Exporters 08:10
Asian stock markets were weaker Wednesday after Wall Street declined amid concerns over the health of European banks...
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Small investors quitting Wall Street: SEC boss 07:00
The head of the US stock market watchdog said on Tuesday that individual investors have been turning away from equities since a May crash that exposed weaknesses...
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Oil Falls a Third Day as European Debt May Hamper Global Growth 05:05
Oil declined for a third day in New York amid speculation that Europe’s debt crisis may worsen, hampering global growth and crimping fuel demand.
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U.S. Stocks Decline on Concern European Debt Crisis May Worsen 07/09
U.S. stocks fell, ending the benchmark’s longest winning streak since July, on concern the European debt crisis may worsen.
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P&G Chief Executive McDonald on Lookout for `Global Brands' 07/09
Procter & Gamble Co. Chief Executive Officer Bob McDonald says his company is on the lookout for brands with international appeal.
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Natural-Gas Futures Fall on Mild Weather, Lack of Gulf Storm Disruptions 07/09
Natural gas futures fell as forecasts showed mild weather in the U.S. Northeast and Midwest, limiting demand for the power-plant fuel.
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Dollar falls to 15-year low against yen 07/09
The dollar fell to a 15-year low against the yen Tuesday, plunging at one point to 83.52, as the Japanese unit took advantage of its status as a refuge currency amid global economic uncertainty.
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