Archive for the January 5, 2017
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The Egyptian cabinet approved on Wednesday the country's first bankruptcy law, Justice Minister Hossam Abdelrahim said, part of an economic reform drive aimed at encouraging investment. The law aims to minimise the need for companies
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Morocco's economy grew 1.2 percent year-on-year in the fourth quarter, the country's planning agency said on Wednesday, at the end of a year in which a harsh drought hurt the key agriculture sector. The agency
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Banks piled into the US high-grade corporate bond market again on Wednesday, providing five of eight deals on offer as the asset class continued its roaring start to 2017. A day after 11 borrowers kicked
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Insurers paid out around $50 billion for natural disaster claims last year, almost double 2015's payout of $27 billion, reinsurer Munich Re said in its annual natural catastrophe review on Wednesday. Earthquakes in Japan and
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Brazil's services activity continued to weaken in December, although at a slightly slower pace, capping the second year of a harsh recession in Latin America's largest economy. The Purchasing Managers Index (PMI) for Brazilian services,
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A surge in M&A announcements, worth roughly U S$1.2trn, in the fourth quarter, boosted 2016 M&A deal volumes and made it the third best year on record, according to Thomson Reuters. Global announced M&As cracked
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The hidden danger to wildlife posed by imported consumer goods - an expresso coffee in Beijing, a tofu salad in Chicago - can now be pinpointed and measured, researchers said Wednesday. Crunching huge amounts of
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Business activity in Egypt shrank for the 15th consecutive month in December, although at a slower pace than the previous month, as inflation caused purchase costs to rise at a near-record pace, a survey showed
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Lebanon's new government on Wednesday passed two decrees concerning oil and gas exploration blocks, meaning a tender process for offshore reserves, stalled since 2013, can begin. Beirut estimates it has 96 trillion cubic feet of
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Growth in Saudi Arabia's non-oil private sector accelerated in December for a second straight month after the government paid some of its debts to the private sector, a survey of companies showed on Wednesday. The
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