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seven months

Greece to hike pension age in cost-cutting drive

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Click to enlarge photo "There will be a two-year increase of the limits on the average rate of retirement... namely 63 years on average for men and women by 2015," Labour Minister Andreas Loverdos told reporters after a ministry meeting. "We are changing the pensions
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Dollar Advances for a Fourth Consecutive Session Despite a Tempered Pace of Risk Aversion

• Euro Finds Little Consolation from EU Finance Ministers’ Greek Guarantees at G7 • Japanese Yen: Lending Troubles another Road Sign to the Next ‘Lost Decade’ • Commodity Currency Policymakers Start Rolling Back Emergency Aid Dollar Advances for a Fourth Consecutive Session

Gold gains most in a week as halt in $US rally spurs demand

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Gold gained the most in a week as a halt in the dollar's rally may increase demand for the metal as an alternative investment. The US Dollar Index, a six-currency gauge of the greenback's strength, fell as much as 0.4 per cent after last week climbing to the highest level in almost seven
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Tens of thousands protest Portugal public sector wage freeze

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Click to enlarge photo Some 50,000 people from across Portugal demonstrated in the city centre to demand a 4.5-percent wage increase across the public sector, unions said. "This protest is about showing that workers are unhappy. These 50,000 people came to tell the
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Aussie dlr on defensive after slump, bonds up

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* Aussie hit a 4-month low at $0.8639 AUD=D4, shedding two cents overnight as risk appetite for high yielding currencies collapsed on worries about the health of the global economy. * The 2.1 percent drop on Thursday was the biggest daily slide in over seven months. * The Aussie at
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Fortescue Metals Group | Andrew Twiggy Forrest | ASIC Appeal

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Fortescue Metals Group and its high-profile head Andrew "Twiggy" Forrest face another long legal battle after the corporate watchdog decided to appeal the dismissal of its three-year battle to prosecute the iron ore miner. The Australian Securities and Investments Commission filed notice
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Dodd ‘Strongly’ Supports Volcker Rule Limiting Banks (Update1) - Bloomberg.com

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Feb. 2 (Bloomberg) -- Senate Banking Committee Chairman Christopher Dodd said he “strongly” supports a proposal by the Obama administration to prohibit banks from owning proprietary trading operations, hedge funds and private-equity funds. “These proposals were born out of fear
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