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Central bank governor China always confident in euro
China welcomed European Union's agreement on the 109 billion euro bailout plan for Greece and has been confident of the stability of the euro zone and other member countries in the past, present or future, said Zhou Xiaochuan, governor of People's Bank of China on July 23 during an interview with Financial Times. Bailout plan helps bring financial stability After eight hours of ...
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3-mth euro Libor fixes at 0.13286 pct dlr at 0.27175 pct
LONDON, June 19 | Wed Jun 19, 2013 6:51am EDT LONDON, June 19 (Reuters) - The British Bankers' Association released the following London Interbank Offered Rates (Libor) for dollars, euro and sterling at its daily fixing. The spread of three-month Libor rates over three-month OIS rates, calculated from Reuters' data, expresses the three-month premium paid over anticipated ...
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Heat beat Spurs 103-100 in overtime to force Game 7
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Cher credits luck for her lengthy career
View Photo Associated Press/NBC, Trae Patton - In this image provided by NBC Blake Shelton, Danielle Bradbery and Cher, right, pose after Bradbery won season-four of "The Voice" Tuesday June 18, 2013. Bradbery never ...
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The €200 note - favourite for money-launderers and high-rollers - to be taken out of UK circulation
Eurotrash mourn. The EUR200 note - the cash of choice for casino high-rollers, the ostentatiously rich and drug dealers with very small hiding places to fill - is set to be taken out of circulation in ...
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London Markets Oil firms banks bruise FTSE 100
LONDON (MarketWatch) -- Banks dropped in London on Wednesday after a commission called for sanctions for bad bankers, while oil firms on the decline put further pressure on the U.K. ...
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EU to investigate SASs 400 mln euro credit facility
BRUSSELS, June 19 | Wed Jun 19, 2013 5:45am EDT BRUSSELS, June 19 (Reuters) - EU regulators are investigating whether a 400-million-euro ($535.70 million) credit facility granted to Scandinavian airline SAS by Sweden and Denmark, together with other creditors, last year was carried out in line with market conditions and EU state aid rules. The revolving credit facility (RCF) was ...
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AP PHOTOS Heats overtime escape to defend title
LOS ANGELES (AP) -- Video shows Justin Bieber running into a photographer with his white Ferrari in Hollywood, but police say there was no crime and the injuries aren't ...
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Bank of England ranks cyber attacks above Eurozone crisis as biggest threat
Cyber attacks have risen to the top of the list of threats for UK banks according to Bank of England's director of financial stability, Andrew Haldane, but understanding and management of the risk is still at an "early stage". Speaking at a Treasury select committee last week, Haldane said that during recent meetings with the five top banks in the UK, four of the banks had ...
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Darrell Delamaides Political Capital Euro crisis needs a continental solution
Berlusconi also opposes the prospective VAT increase and said this week that Italy should flout the euro requirement to keep government deficits at less than 3% of gross domestic product. He could topple the coalition at any moment if he comes to believe that new national elections would strengthen his ...
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Perhaps one more session before the Euro finally tests
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Britains FTSE creeps higher Fed in focus
* FTSE 100 down 0.6 percent before Fed statement* Ex-divs knock 1.8 points off the indexBy Tricia WrightLONDON, June 19 (Reuters) - Britain's top shares fell ...
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Hamid Karzai suspends talks with US over Taliban move
Taliban in efforts to find a political solution to the war. Karzai says he has suspended negotiations with the US on what troops will remain in the country after 2014. He says he did this "in view of the contradiction between acts and the statements made by the United States of America in regard to the peace process." The Afghan president's statement was released by his office on ...
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UPDATE 1-FCC to take 289 mln euro hit on Alpine insolvency
Wed Jun 19, 2013 4:47am EDT (Adds Madrid dateline, details, background) By Jose Elas Rodrguez VIENNA/MADRID, June 19 (Reuters) - Spanish builder FCC will take an after tax loss of 289 million euros this year after its Austrian unit Alpine filed for insolvency, the group said on Wednesday. Alpine, which employs around 15,000 staff, had net debt of 625 million euros in the first quarter and had ...
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HM Earnings Drop More Than Expected
H&M , the world's second-largest fashion retailer, posted a bigger than expected drop in second-quarter earnings, hit by still sluggish consumer morale and bad weather in its main European market. The Swedish company said it was entering the third quarter with higher inventories than planned and the situation remained challenging in many of its major markets, but sales had got off to a ...
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Vodafone Ups Kabel Deutschland Bid to 7.5 Billion Euros
Kabel Deutschland , Germany's largest cable operator, a source close to the situation has told CNBC. Vodafone's original offer was for 80 to 82 euros per share, but CNBC understands that the new offer is for around 85 euros per share, matching a rival offer made ...
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UPDATE 1-Deutsche Annington puts 18-21 euro price tag on listing
Wed Jun 19, 2013 4:22am EDT * Listing price values whole company at 4 bln euros * Offer period June 20 to July 2 * Shares to start trading on June 3 FRANKFURT, June 19 (Reuters) - Deutsche Annington, Germany's largest residential real estate company, plans to offer shares in its planned stock market listing in a range of 18 euros to 21 euros each, valuing the whole company at least 4 billion ...
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GOP senator IRS to pay $70M in employee bonuses
By STEPHEN OHLEMACHERAssociated Press WASHINGTON (AP) - The Internal Revenue Service is about to pay $70 million in employee bonuses despite an Obama administration directive to cancel discretionary bonuses because of automatic spending cuts enacted this year, according to a GOP senator. Sen. Chuck Grassley of Iowa says his office has learned that the IRS is executing an agreement with the ...
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Budget office view boosts Senate immigration bill
View Photo Associated Press/Carolyn Kaster - People shout out against the Strengthen and Fortify Enforcement Act in the hall outside the House Judiciary Committee hearing on Capitol Hill in Washington, Tuesday, June ...
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Social issues still fire up GOP despite 2012 loss
WASHINGTON (AP) -- Republican lawmakers have a message for those who want the party to soften its emphasis on social conservatism in hopes of reaching a wider national audience: Not so fast. ...
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Obama relying on untested oversight board on NSA
The obscure oversight board that President Barack Obama wants to scrutinize the National Security Agency's secret surveillance system is little known for good reason. The U.S. Privacy and Civil Liberties Oversight Board has operated fitfully during its eight years of its low-profile existence, stymied by Congressional in-fighting and its work at times censored by government lawyers. The ...
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Revision of Cypriot bailout terms not likely euro zone officials
BRUSSELS (Reuters) - The euro zone does not intend to change the terms of Cyprus's bailout as requested by Cypriot President Nicos Anastasiades in a letter sent to euro zone leaders and its lenders, three senior euro zone officials said on ...
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Euro Consolidates Gains before Fed
The sentiment remains mitigated on the fx markets ahead of the Federal Reserve policy verdict due today. In Japan, the equities traded to week high as the exports surprised to the upside in May, the shipments to US climbed. The Nikkei 225 advanced above 13,200 as confidence to Abenomics revived, yet the negative impacts of BoJ decision last week to not add further stimulus are still a concern in ...
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European car sales slow down to 20-year low in May
New car registrations dropped 5.9pc, 1.08 million vehicles from 1.15 million a year earlier, the Brussels-based European Automobile Manufacturers' Association (ACEA), said.Deliveries in Germany dropped 9.9pc. Sales declined 10pc in France, 8pc in Italy and 2.6pc in Spain.Demand in the UK rose 1pc, however. Car sales hit the lowest monthly level since 1993.The ACEA compiles data for the ...
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Afghan Taliban say they killed 4 U.S. troops
View Photo Associated Press/Ahmad Jamshid - Top U.S. military commander in Afghanistan, Joseph Dunford, talks to media representatives at the ISAF headquarters in Kabul, Afghanistan, Tuesday, June, 18, 2013. Dunford ...
Switzerland Featured
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Switzerland world's most competitive country
Switzerland is frequently pointed to as a model of good governance, prosperity, innovation and stability and is one of the happiest countries in the world. The recent competitive survey by the WEF underscored this, but came with a warning.
Switzerland truly is an impressive country, landlocked and small with no natural resources; it has developed into one of the richest countries in the world and was recently named the most competitive economy in the world. This is due in large part to its banking sector, which is one of the most advanced and its government structure, which is efficient in comparison to many other developed countries. Read more
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