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Stock markets have continued the slide they began late last week as fears over Italian and Spanish debts have reasserted themselves.European markets dropped 3% in Monday morning trading, led by more big falls in bank shares.

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Exxon Mobil Corp and Rosneft signed an agreement to extract oil and gas from the Russian Arctic, in the most significant U.S.-Russian corporate deal since U.S. President Barack Obama began a push to improve ties.

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General Market News

The world's most livable city is...

Posted by Sanna Paltrow on August 31st, 2011

If you want high quality of living, your best bet is going “Down Under” or the “Great White North.”

That’s according to the Economist Intelligence Unit’s ranking of 140 cities worldwide that “quantifies the challenges that might be presented to an individual’s lifestyle,” according to the report.

Diamond prices soar on Asian demand

Posted by Sanna Paltrow on August 29th, 2011

Diamonds have emerged as a haven investment alongside favourites gold and the Swiss franc, with surging demand from Asian buyers driving prices of the precious stones.

The heads of the U.S. Federal Reserve, IMF and OECD stepped up pressure on political leaders on both sides of the Atlantic to shake off their inertia and tackle urgent economic problems.

The head of the US central bank, Ben Bernanke, is preparing to give a key speech that will be closely watched by markets for any hint of new stimulus.

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