Archive for the January 5, 2018
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By one measure, 2017 was the most lucrative year in history for investment banks. The fees they charged companies and other financial firms for advising on mergers and acquisitions, arranging loans, and underwriting sales of
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The Indian government asked parliament on Thursday for 800 billion rupees ($12.62 billion) that it plans to spend by March as part of a two-year programme to recapitalise state banks to help them deal with
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Egypt's non-oil private-sector business activity slowed in December as output and new export orders declined, but business confidence remained high, a survey showed on Thursday. The Emirates NBD Egypt Purchasing Managers' Index (PMI) for the
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Malaysia is unlikely to meet earlier targets it set for a balanced budget by 2020 and will need another two to three years to reach the goal, the country's second finance minister said on Thursday.
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Growth of the United Arab Emirates' non-oil private sector accelerated to a 34-month high in December, partly because of a rise in consumer spending to beat the introduction of value-added tax (VAT) in January, a
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Kenyan private-sector economic activity grew in December, expanding for the first time since April, after political risks subsided following the conclusion of a prolonged presidential election, survey data showed on Thursday. The Markit Stanbic Bank
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Mexico's government on Wednesday denounced forecast price hikes by fuel retailers and tortilla makers, saying increases were unjustified as it sought to allay public concern about high inflation at the start of a presidential election
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Sri Lanka's economic growth in 2018 is forecast at between 5-5.5 percent, bouncing back from an anticipated four-year low of less than 4 percent last year, central bank Governor Indrajit Coomaraswamy said on Wednesday. The
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The dollar edged up on Thursday after upbeat US data and supportive minutes from the Federal Reserve's latest policy meeting helped it shake off recent weakness. The dollar index, measuring it against a basket of
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The dollar dipped on Thursday, unable to hold onto gains made the previous day on the back of upbeat US data and minutes from the Federal Reserve, as the euro resumed a rally that has
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