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Economy News

RSS feedDisplaying articles 21 - 30 of most recent articles

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Brazil announces $13 billion credit stimulus Brazil's central bank said Friday it would ease banks' reserve requirements, freeing up $13 billion to stimulate lending and boost an economy facing its fourth year of sluggish growth. The new measures, which also loosen the rules on lending to
Yahoo! News | Jul 25, 2014 9:09 PM [GMT] | comment? | recommend
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Lenders up pressure on Cyprus to call in bad loans International lenders put new pressure on Cyprus politicians Friday to agree delayed legislation on foreclosure procedures for bad loans in the latest review of compliance over a multi-billion debt bailout. Legislation for the calling-in of non-performing
Yahoo! News | Jul 25, 2014 8:08 PM [GMT] | comment? | recommend
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EU working 'swiftly' on tougher Russia Ukraine sanctions The European Union is making swift progress on adopting much tougher economic sector sanctions against Russia for its role in the Ukraine crisis, officials said Friday. After discussions on broadening the sanctions from the current mix of asset freezes an
Yahoo! News | Jul 25, 2014 8:05 PM [GMT] | comment? | recommend
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IMF in talks with Ukraine leaders on bailout plan International Monetary Fund chief Christine Lagarde held discussions Friday with Ukraine's leaders about the impact of recent political turmoil on the nascent IMF rescue program, the Fund said. Lagarde spoke by telephone with President Petro Poroshen
Yahoo! News | Jul 25, 2014 8:04 PM [GMT] | comment? | recommend
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Indonesia allows Freeport to resume exports from Grasberg mine Indonesia on Friday granted a permit to allow the local arm of US mining giant Freeport McMoRan resume exports, six months after the government applied a controversial ban, the company told AFP. It is one of a raft of economic policies that critics have d
Yahoo! News | Jul 25, 2014 7:27 PM [GMT] | comment? | recommend
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European stocks fall on weaker German confidence Europe's stock markets dropped on Friday as a fall in German business confidence offset positive British growth data, while traders reacted to a huge tie-up of the continent's pay-TV sector. In Paris, the CAC 40 shed 1.82 percent to 4,330.55 poi
Yahoo! News | Jul 25, 2014 5:39 PM [GMT] | comment? | recommend
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Russian central bank lifts rate to counter sanctions bite The Russian central bank moved on Friday to shield the country's economy from tightening Western sanctions over Ukraine, raising its main interest rate in a bid to forestall a resurgence of capital flight. It said that "inflation risks have incr
Yahoo! News | Jul 25, 2014 5:12 PM [GMT] | comment? | recommend
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Suspected Ebola victim dies in quarantine in Nigeria A Liberian man suspected to have Ebola virus has died in quarantine in Lagos, Nigeria, a Nigerian official in Geneva said on Friday. The World Health Organisation (WHO) said it did not yet know the results of laboratory tests done on the man to determine
Yahoo! News | Jul 25, 2014 3:44 PM [GMT] | comment? | recommend
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Turkey's Erdogan trumpets high-speed rail link as election looms By Daren Butler ISTANBUL (Reuters) - Turkish Prime Minister Tayyip Erdogan inaugurated a $4 billion high-speed train link between Istanbul and Ankara on Friday, the latest in a series of "mega projects" he hopes will help him win a presidential
Yahoo! News | Jul 25, 2014 3:20 PM [GMT] | comment? | recommend
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Anglo American shrugs off S. Africa platinum strikes Anglo American on Friday announced a tripling of first-half profits as the global miner shrugged off disruptions caused by strikes at platinum mines in South Africa. Currency fluctuations helped to offset cost inflation, platinum strike action and lower p
Yahoo! News | Jul 25, 2014 3:01 PM [GMT] | comment? | recommend