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Euro Rises As Economy Shows Signs Of Stabilizing

Euro Rises As Economy Shows Signs Of Stabilizing, Pound Stumbles On Consumer Spending OutlookThe Euro rallied above 1.4250 on comments from German Finance minister Peer Steinbruek and French GDP showing growth in the third quarter. Talking Points • Japanese Yen: Finds Support On Middle East Violence • Pound: Falls On Weakening Consumer Spending Expectations • Euro: Rises As Growth... [read more]

Chinese Dairy in Milk Scandal Faces $160M Debt

Chinese dairy, declared bankrupt after tainted milk scandal, faces $160 million in debt he dairy at the center of China's tainted milk scandal has about $160 million in debt, state media reported Thursday, a day after the company confirmed it was bankrupt. Xinhua News Agency said Sanlu Group Co. faces 1.1 billion yuan ($160 million) of net debt and that a branch of the Shijiazhuang City... [read more]


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