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Sunday, May 28, 2017
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Business

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  The Chinese yuan can overtake the dollar as the leading international reserve currency, a new poll of institutional investors indicates. The authors of the survey, conducted by the Economist Intelligence Unit and commissioned by State Street financial services, polled 200 senior...
Fast food chain McDonald’s has a bit of a tissue issue on its hands. TMZ reports that Webester Lucas is suing the company for $1.5 million (€1 million) following a dispute over napkins in a California restaurant. Lucas claims he ordered a...
Even by the acute standards of Euro-buffoonery, a new report beggars belief as the EU seeks to offend nobody but, as always, ends up running from reality. The terrifying point about EU policy is how often some tiny kernel of...
Protests in Kiev are spooking investors, and the latest is Bank of Cyprus, which plans on selling its loss making Ukrainian subsidiary Alfa Group Ukraine Limited for 225 million euro by the end of March. The Chairman of Bank of...
A second-wave of revolution, a missing President, and a treasury that is nearly empty, Ukraine is on the brink of bankruptcy. Kiev’s finance minister said it needs $35 billion in aid by the end of 2015. Acting Finance Minister Yuriy...
HSBC profits rise for 2013 thanks to cost-cutting (BBC News)  HSBC has reported a 9% rise in profit for last year, boosted by cost cuts as it restructured the business. Reported pre-tax profit was $22.6bn (£13.6bn), compared with $20.6bn in 2012, the...
Linda S. Heard Cairo’s decision to cement close economic, diplomatic and military ties with Moscow was not one that the interim government took lightly. Egypt was pushed to forge new alliances by its longtime ally - the US, which chose...
AFP_LONDON: Britain's unemployment rate edged up to 7.2 per cent in the quarter to December, official data showed on Wednesday, easing pressure on the Bank of England to raise interest rates. Unemployment rose from a near five-year low level of...
AFP_SYDNEY: International Monetary Fund (IMF) chief Christine Lagarde and British finance minister George Osborne on Thursday demanded that emerging economies must get their own houses in order, after some of them attacked US monetary policy in the run-up to...
AFP_TOKYO: The dollar rallied against the yen in Asia Friday as investors digested mixed US data, while weak eurozone manufacturing pressured the euro. In midday Tokyo trade, the greenback fetched 102.47 yen, from 102.32 yen in New York Thursday. The...

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