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Financial Focus highlights

· Osborne fights back on ‘Granny Tax’

· Spain’s borrowing costs soar

· Three way world bank race seen as deadline looms

· FTSE retracts led by mining stocks

· Asian stocks sapped by renewed fears over the global economy

· FTSE All World Index declines

· Yen falls ahead of U.S. homes data

· Obama attacks energy critics

· U.S. recovery pushes down gold

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