Archive for the January 12, 2016
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Gold retreated on Monday as the dollar rose versus the euro, but was still around a nine-week high as pressure on stock markets continued to support investors' flight to safety. Asian shares sank to their
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Several of Nigeria's struggling oil refineries are back in production and making enough gasoline to help "stabilise" its availability in the country, a spokesman for the Nigerian National Petroleum Corporation (NNPC) said on Tuesday. Despite
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The EU on Monday closed a major tax break that Belgium offered to dozens of multinationals, including beer giant AB InBev, and ordered the companies to return 700 million euros ($762 million) in unpaid taxes.
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Moody's cut Malaysia's sovereign rating outlook to stable from positive on Monday, flagging risks from the Southeast Asian economy's deteriorating growth profile as global trade and market conditions worsen. The ratings agency had assigned a
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Moody's cut Malaysia's sovereign rating outlook to stable from positive on Monday, flagging risks from the Southeast Asian economy's deteriorating growth profile as global trade and market conditions worsen. The ratings agency had assigned a
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Economic sentiment in the eurozone deteriorated more than expected in January as an economic slowdown in China and its impact on the world economy unsettled investors, survey data released on Monday showed. The Frankfurt-based Sentix
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The world's top 30 banks face a higher minimum requirement for their broadest measure of capital, global regulators said on Monday as they flagged a two-tier leverage ratio regime for the first time. The leverage
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China's biggest state-owned chemical firm on Monday announced it will buy Germany's KraussMaffei Group, which makes machinery for producing plastics and rubber, for 925 million euros ($1.0 billion). China National Chemical Corp, also known as
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China's central bank said on Monday it will push forward a pilot scheme on relending in a bid to support the country's farming sector and small firms - the most vulnerable part of the economy.
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Arch Coal, the second-largest US coal miner, filed for Chapter 11 bankruptcy protection on Monday with a plan to cut $4.5 billion in debt from its balance sheet in the midst of a prolonged downturn
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