Britain is to review airport retail sales after some businesses were found to be pocketing about half of tax savings meant for passengers, rather than passing on the discount, the government said on Thursday. Most

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Indonesia's central bank issued a new regulation requiring banks to increase their capital during economic boom periods to protect against possible future losses coming from excessive loan growth. In a statement issued on Thursday, Bank

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From legendary Egyptian actor Omar Sharif to Germany's ex-Chancellor Helmut Schmidt and Nobel-winning author Gunter Grass, here are some of the notable figures who died in 2015: JANUARY Edward Brooke, the first popularly elected black

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Two Swiss banks will pay a total of more than $107 million to the US Department of Justice to avoid possible prosecution for helping Americans evade taxes, the department said on Thursday. Bank Lombard Odier

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Brazil said on Wednesday it repaid its massive debts to state-run banks, in a step towards reining in swollen budget deficits that cost the country its investment grade rating and threaten the stability of President

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A public review of Britain's banking culture has been scrapped just months after it was announced, with the UK regulator saying on Thursday it had opted instead to work with lenders individually to address any

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Southeast Asian nations officially launched an EU-inspired economic bloc Thursday aimed at boosting the region's trading clout and attracting more investment, but analysts said a true single market was still a long way off. The

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Argentina declared a "national statistical emergency" Wednesday, saying it will stop releasing data on the economy until the government statistics agency is overhauled and its numbers can be trusted. The move is conservative President Mauricio

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The biggest Dutch chain of department stores, American-owned Vroom and Dreesman, on Thursday declared itself bankrupt after years of losses, but said it expected a buyer to come to its rescue. Founded in 1887 in

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A downturn in Russia's service sector worsened in December, a monthly survey showed on Thursday, providing more evidence that a general economic downturn is persisting. The headline figure for business activity in Markit's Purchasing Managers'

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