Asian shares struggled on Thursday, as a weak Chinese trade data stoked fears of a growth slowdown and further undermined risk appetite already reduced by worries about the health of Spanish banks and deepening political chaos in Greece. European shares will likely open mixed, with financial spreadbetters predicting that major European markets would open between
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Two explosions shook the Syrian capital Damascus early on Thursday and smoke could be seen rising from the site of one of the blasts in the south-west of the city, residents said. There was no immediate information on casualties but the residents told Reuters security forces were sealing off the affected areas and at least
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Vidal Sassoon, hair stylist and fashion world pioneer who created a natural look in the 1960s and built a multimillion-dollar business on his name, died on Wednesday after a long battle with leukemia. He was 84. Sassoon died at his home in Los Angeles surrounded by loved ones and his wife of 20 years, Ronnie,
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Coca-Cola Hellenic (CCH) , the world's second-largest bottler of Coca-Cola Co. soft drinks, posted a wider than expected loss in the first quarter, hurt by austerity in debt-laden Greece and higher commodity costs. The Athens-based company, with operations in 27 countries in Europe and in Nigeria, said on Thursday comparable net loss came in at
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Euro zone governments kept Greece afloat on Wednesday after agreeing a payment of 5.2 bln euros from the region's bailout fund, despite opposition from some member states following the Greek election results. After a conference call, the board of the European Financial Stability Facility, the 700 billion euro bailout fund administered by the 17 countries
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Asian shares fell for a sixth straight session on Thursday, with sentiment taking a further hit from mounting worries about the health of Spanish banks while deepening political chaos in Greece seemed to put it at risk of insolvency and a euro exit. MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.1%, touching its
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The forex trading market in Cyprus, probably the most rapidly growing segment that is driving the boom in the ‘financial services’ sector, is estimated to be worth about 3.5 trln dollars a year, accoding to special survey conducted by the Financial Mirror. This is a figure that is expected to rise to 5 trln
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The vision of the six-month Cyprus presidency of the EU Council starting on July 1, is one for “a Better Europe, more hospitable, but also more efficient in facing today’s challenges”, the head of the organising committee said on Wednesday. Deputy Minister for European Affairs Ambassador Andreas Mavroyiannis revealed the presidency’s new logo at a
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Coca-Cola Hellenic (CCH), the world's second-largest bottler of Coca-Cola, said it would propose a capital return to its shareholders of 34 cents a share, reducing the par value by 125 mln euros. "As a separate item, Coca-Cola Hellenic also announces a proposal for a further decrease in the par value of the company's shares by
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A Russian Sukhoi passenger plane with 46 people on board, including businessmen and Russian envoys, has gone missing during a demonstration flight over West Java in Indonesia, officials said on Wednesday. Indonesia's search and rescue agency said radio contact was lost with the plane after it descended to 6,000 feet. The Indonesia military said the
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