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Monday, September 03, 2007

News You Can Use for Tuesday

Australia Signs Nuclear Accord With Russia, Opening Door to Uranium Sales Russia, holder of two-fifths of the world's uranium enrichment capacity, plans to sign a nuclear- energy accord with Australia Sept. 7, opening a new export market for miners including Melbourne-based BHP Billiton Ltd.

Treasury Volatility Rises to Highest Since 2004; Black Box Traders Retreat The global flight to the safety of government debt is causing the widest price swings in Treasuries in three years, driving away traders who rely on computer models to guide their strategies and raising costs for investors.

Risk of Recession Rises as Consumers, Business Feel Pain of Tighter Credit The pain from higher borrowing costs may be spreading as consumers and businesses follow investors in shying away from risk, increasing the odds of a recession.

Wheat Rises to Record in Paris on Speculation Russia to Curb Grain Exports Wheat rose to a record in Paris as traders speculated that Russia, the world's fourth-largest exporter of the grain, may curb shipments to restrain domestic food prices.

South Africa Gold Production Drops Annual 7.5 Percent in Second Quarter South African gold production fell an annual 7.5 percent in the second quarter as the quality of ore declined, the country's Chamber of Mines said.

Gold Falls as Physical Demand Slows on Price Increases; Silver Rises Gold fell in London on slowing demand from jewelers and other users of the metal after last month's price gains. Silver rose.

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