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Gold prices in Asia fell for a third day on speculation the US Federal Reserve, the Bank of Japan and the European Central Bank (ECB) may raise interest rates, eroding the metal's appeal as an alternative investment.
Buying support for select heavyweight stocks helped the Kuala Lumpur Composite Index (KLCI) recover slightly Tuesday after falling for eight consecutive trading days.
Mayur Ajmani bought copper last month only to see US$11,000 of his investment vanish in an hour when the metal had its biggest decline May 15 since 2004.
ROME (Reuters) - Romano Prodi was finally sworn in as Italy's new prime minister on Wednesday and vowed to soothe political tensions in a country split in two by the closest election in its post-war history.
ROME (Reuters) - Italian President-elect Giorgio Napolitano will be sworn in before parliament as the country's first ex-communist head of state on Monday, starting a busy week in politics which will also bring a new prime minister.
CHINA, which raised benchmark bank lending rates for the first time in 18 months on Thursday, has prompted sky-high world oil and commodity prices and some major stock markets to make a U-turn.