CHICAGO (Xinhua) — Gold futures on the COMEX Division of the New York Mercantile Exchange on Wednesday retreated after it failed to hold the 1,800-dollar mark, representing the first decline in the latest three trading days, as a stronger dollar pared the appeal of gold as an alternative investment.
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Two class-action lawsuits have been filed against bankrupt brokerage MF Global as customers struggle to recover funds from the first major US casualty of the European debt crisis.
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TEHRAN (Xinhua) — Iranian Oil Minister Rostam Qasemi said that current international crude prices are fair, the local Tehran Times daily reported on Wednesday.
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Europe’s main stock markets rebounded on Wednesday, recovering partly from sharp losses following Greece’s surprise decision to call a referendum on its latest EU bailout.
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NEW YORK (Xinhua) Wall Street closed lower on Friday but still kept a robust October, with the Dow hitting best month since 2002, the S&P hitting best month since 1987.
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Cash Subsidy