European stocks ended higher on Monday, extending the previous session's rally as investors' hopes of further stimulus measures from central banks overshadowed grim manufacturing data from China and Europe. The FTSEurofirst 300 index of top European shares ended 0.8% higher at 1,091.61 points, with the index experiencing its lowest trading volumes since last December's Christmas
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Samsung Electronics Co said on Monday it would inspect 250 Chinese companies which make products for the South Korean firm to ensure no labour laws are broken after a U.S.-based group accused one of its suppliers of using child labour. Samsung also said its audit into working conditions at an HEG Electronics facility in Huizhou
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Venice traditionally fires the starting gun in the long movie awards season, and as the world's oldest film festival reaches the halfway point three actors have set Hollywood tongues wagging with memorable performances. Michael Shannon as a serial hitman, Philip Seymour Hoffman as a cult leader modelled on Scientology founder L. Ron Hubbard and Joaquin
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Cyprus and the Troika mission (European Commission, European Central bank and the International Monetary Fund) could agree on a first draft memorandum, to govern the financial assistance to be given to Cyprus during their next visit to the island, Finance Minister Vasos Sharly, said on Monday. In a press conference, Sharly said following the Troika
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One more European Council meeting will take place in November during the Cyprus EU Presidency. Spokesman of European Council President Herman van Rompuy said that a meeting of the EC will take place on the 22 and 23 November in Brussels to discuss the Multiannual Financial Framework 2014 – 2020 (MFF) and help bridge the
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Discussions between the Troika (Commission, ECB, IMF) with the Cypriot authorities to provide financial support to Cyprus have achieved some progress, while consultations still continue, European Commission Spokesman Simon O’ Connor said Monday. Speaking to CNA from Brussels, O’ Connor noted that no specific date for the return of the Troika mission to Cyprus has
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EU regulators will allow Universal Music Group to go ahead with its $1.9 billion takeover of EMI after Universal offered to sell global rights to EMI's most valuable record labels and catalogues, two people familiar with the deal said on Monday. EMI's seller, Citigroup Inc, acquired the company after its previous owner, buyout firm Terra
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The Middle East will be an important growth area in coming years for investment banks, including Barclays, as local wealth funds put their oil dollars to work buying European assets, a senior executive at the British bank said. "If you look globally, the upside is in emerging markets and the Middle East is a key
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Germany's Constitutional Court holds the fate of the euro in its hands when it rules next week on whether a crucial euro zone financial rescue fund can go ahead. A negative ruling, considered improbable by legal experts, would cast the 17-nation European single currency area into turmoil, spurring panic on bond markets by raising doubt
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European shares advanced on Monday, in light trade, bolstered by mounting expectations that central banks will take action to boost flagging economies after the release of weak factory data, in the run-up to this week's key European Central Bank meeting. Investor optimism over policy response has currently got the upper hand over worries triggered by
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