Archive for the December 30, 2016
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China said Thursday it would almost double the number of foreign currencies it uses to determine the official value of the yuan, thereby diluting the role of the dollar. The move to expand the foreign
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China said Thursday it would almost double the number of foreign currencies it uses to determine the official value of the yuan, thereby diluting the role of the dollar. The move to expand the foreign
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German state rail operator Deutsche Bahn said Thursday it planned to significantly ramp up cargo transport to China following a record year, using the world's longest train line in a modern-day revival of the Silk
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Morale in large British companies hit an 18-month high in the fourth quarter, bolstered by robust economic growth and recovering fully from a slump that followed the Brexit vote, a survey showed on Thursday. However,
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Sudan's parliament passed its 2017 budget on Thursday and projected a deficit of 2.1 percent of GDP for the coming year, up from 1.6 percent for 2016, Finance Minister Badr al-Din Mahmoud said. The 2017
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Manufacturing activity in Russia expanded in December at the fastest rate since March 2011 as the sector posted faster job creation, the Markit purchasing managers' index (PMI) showed on Thursday. The headline index rose to
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Turkey's economic confidence index tumbled more than 18 percent to a record low in December, data showed on Thursday, pointing to an even more pessimistic outlook after the economy shrank 1.8 percent in the third
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Lending to households and companies picked up in November in the eurozone, the European Central Bank said Thursday, signalling that its efforts to encourage spending and investment are gaining traction. Loans to households in the
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Johnson & Johnson is negotiating a deal to acquire Swiss biotechnology company Actelion Ltd that would separate its commercialized portfolio from its research and development assets, people familiar with the matter said on Thursday. The
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Telecom firm Sprint said it will create 5,000 US jobs over the next 15 months, and pledged Wednesday to work with President-elect Donald Trump to boost the US economy. Trump first made the announcement at
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