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    The News / Hottest Related

    Some news will be uploaded here.

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    Ireland to grow faster than any major euro member this year

    independent.ie

    IRELAND is set to grow faster than any other economy in the eurozone this year and next year except for Estonia and tiny Malta, the European Commission forecast yesterday.

    The economy will expand by 1.1pc this year and 2.2pc next year, it predicts. Adding to the positive sentiment, Irish stocks posted the biggest one-day gain since last June to close at a four-year high.

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    India gold culture defies curbs as steep tax tries to rein in demand

    tulsaworld.com

    MUMBAI, India (AP) - India's steep new tax on gold imports doesn't deter Mousumi Rao as she holds up a glittering $5,000 filigree necklace that could adorn her daughter on her wedding day.


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    Why Gold Is Grounded

    cnbc.com

    Interest rates are generally low around the world, and major central banks have quantitative easing programs in place. Those conditions mean gold's lack of yield is less of an issue, and they usually translate to higher gold prices. Just not now.

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    Japan to nominate ADB prez as BoJ chief

    dailytelegraph.com.au

    THE Japanese government of Shinzo Abe is set to nominate Asian Development Bank president Haruhiko Kuroda as governor of the central bank, reports say, sending the dollar surging against the yen.


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    CANADA FX - C$ retreats to 8-month low after Carney speech

    http://uk.reuters.com

    The Canadian dollar softened to its weakest level in eight months against its U.S. counterpart on Monday after the release of a speech by Bank of Canada Governor Mark Carney, even though it made no mention of the central bank's monetary policy outlook.

    The Canadian dollar touched C$1.0270 versus the U.S. dollar, or 97.37 U.S cents, weaker than Friday's North American session close at C$1.0208, or 97.96 U.S. cents. This was its weakest level since June 29, 2012.


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    Euro Rally: Was It Just Too Good to Be True?

    cnbc.com

    The euro slumped to $1.3047 overnight, its lowest level in almost seven weeks, following early results from the voting in Italy that took place on Sunday and Monday.

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    Japan adopts $142bn stimulation budget, its second largest

    rt.com

    Japan’s parliament has passed a 13.1 trillion yen ($142 billion) additional budget, part of a wider stimulus package announced by Prime Minister Shinzo Abe's cabinet in January to boost the national economy and fight deflation.
    The original budget for the 2012 fiscal year amounted to 90.3 trillion yen ($1.16 trillion). The new budget for 2013 stands at 92.6 trillion yen ($1.02 trillion), relying on borrowing to cover 46.3% of the spending.

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    Gold, Copper, and Oil Forecasted The Recent Selloff In The S&P 500

    http://etfdailynews.com

    For the past several weeks, everywhere I looked all I could find was bullish articles. After the fiscal cliff was patched at the last second, prices surged into the 2013 and have since climbed higher all the way into late February.

    The price action in the S&P 500 Index since February 20th has erased most of the gains that were created in the entire month of February already and lower prices are possible, if not likely. However, there are opportunities to learn from this recent price action.

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    So, can we stop worrying about “peak oil” now?

    hotair.com

    When the final figures for the fourth quarter of 2012 are in, the world will have a new crude oil production record: the total for the first three quarters was about 1 percent ahead of the 2011 total. This is a remarkable achievement for a commodity with annual output that now surpasses, for the first time ever, 4 billion metric tons and which has been, for decades, the largest source of fossil energy and the most valuable item of international commerce. …

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