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Gold rose on Monday, breaking ranks with sharply lower equities and crude oil markets on signs of a worsening euro zone debt crisis as Spain formally requested a financial rescue.

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Loose global monetary conditions are stoking credit and asset price booms in some emerging markets that could lead to a new financial crisis, the Bank for International Settlements, or BIS, warned on Sunday.

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Daman Investments on Sunday announced the successful completion of a capital increase through a private placement with an investment of Dh99.99 million as the company moves forward with future plans culminating with an Initial Public Offering , or IPO.

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Gyma Food Industries on Sunday unveiled a new Arabic trademark for its products in the Middle East and also announced that it will invest $10 million in the region for expansion and marketing in 2012.

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MUMBAI - India took a handful of measures on Monday to support the embattled rupee but disappointed investors who had been hoping for bolder action to prop up a currency that hit a record low 
on Friday.

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CAIRO — Egypt’s benchmark stock index closed on Monday up 7.6 percent, its largest single-day gain in nine years thanks to investor optimism following the declaration of a victor in presidential elections, state media said.

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NEW YORK - US stocks tumbled on Monday as investors saw few reasons to buy equities ahead of a European Union summit this week that many fear will not calm the escalating euro zone debt crisis.

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MADRID, Spain — Spain formally requested a banking rescue of up to 100 billion euros ($125 billion) on Monday, kicking off a pivotal week in the battle for the eurozone’s future.

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LONDON - US new-crop corn futures jumped more than 4 percent on Monday to the highest level since early February as hot, dry weather in the key Midwest growing region reduced the outlook for yields.

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