Browsing Category News
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Djibouti sees boom in banking
The financial sector in the tiny Horn of Africa nation is attracting new business as a stable country surrounded by trouble spots. “The banking sector in Djibouti has seen an exp... -
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Will US yuan calls make for a stubborn China?
Beijing’s groans over US demands to let the yuan rise have been grand theatre, but domestic currents favouring a stronger currency are likely to prevail when Chinese leaders cool... -
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Today’s Markets
New York Dow Jones industrial average — 14164.53 London FTSE 100 index — 6930.2 Tokyo Nikkei average — 38915.87 Frankfurt DAX index — 8105.69 Paris CAC-40 General index —... -
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New Zealand’s ‘Madoff’ jailed for $13m fraud
A New Zealand banker defrauded clients of $13m to fund a lavish lifestyle of prostitutes, property and wine, according to local media. Stephen Gerard Versalko, 52, was convicted of... -
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Malaysia plans new economic model for growth
Malaysia is considering proposals to end its subsidy regime and phase in a new goods and services tax as it begins dismantling a four-decade race-based economic system that has det... -
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IMF: Tanzania has room for infrastructure funds
Tanzania has scope to raise spending on infrastructure projects in the fiscal year starting in July against a background of higher economic growth and slowing inflation, the IMF ha... -
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Madoff family seeks dismissal of cases
Andrew and Mark Madoff, sons of fraudster Bernard Madoff, have submitted a request with a US court to dismiss all the complaints against them, with prejudice, court documents showe... -
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Australia welcomes China report into Chinalco de
Australia has welcomed a report saying that China did not blame Rio Tinto or the Australian government for the collapse of a $19.5bn tie-up between Chinalco and the Australian mini... -
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Schaeuble calls for closer Eurozone integration
German Finance Minister Wolfgang Schaeuble called for greater integration between euro zone members and stronger surveillance of member countries’ finances to protect the monetar... -
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US bailout watchdog criticises Treasury over GMAC
The US Treasury’s decision against a bankruptcy restructuring for GMAC may have increased taxpayer bailout costs for the auto finance company and made it less viable, an oversigh...
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