Even as the euro zone economy shows faint signs of stirring, the European Central Bank is likely to send a dovish message this week that more monetary help will be on the way before long. After a plunge in inflation to 0.7 percent in the year to October, well below the ECB's target of just
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Ousted Egyptian president Mohamed Mursi arrived at a Cairo police academy on Monday to face trial in what opponents of the army-backed government say is part of a campaign to crush his Muslim Brotherhood and revive a police state. It is the second time in just over two years that an overthrown president has been
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European shares rose on Monday, with sentiment buoyed by increased expectations the European Central Bank will strike an equities-friendly dovish tone at a policy meeting this week. That follows a surprise drop in euro zone inflation to 0.7 percent in the year to October, well below the ECB's target of just under 2 percent. Both
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The winners of the 2013 "Entrepreneur for the World" Awards, who have created both wealth and social justice, were announced on Sunday in Singapore during the gala ceremony of the World Entrepreneurship Forum. The keynote speaker at the Forum was Tharman Shanmugaratnam, Deputy Prime Minister and Finance Minister of Singapore, where prizes were awarded in
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* Third Point, Wargaming, Demetra step in and take control * Hellenic Bank, the island's second biggest lender, has been rescued by three strategic investors in the 11th hour prior to a deadline for its recapitalisation set by the Troika of international lenders who have bailed out troubled Cyprus. New York-based hedge fund Third Point
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Global telco giant Vodafone kept Britain's top share index afloat on Friday as speculation about a bid from U.S. peer AT&T fuelled a rally in Europe's largest mobile carrier. Shares in Vodafone jumped 3.6% to 232 pence, adding 15 points to the FTSE 100 after a media report said AT&T was exploring strategies for a
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Kimi Raikkonen could walk out on his Lotus Formula One team before the end of the season after telling reporters at the Abu Dhabi Grand Prix on Friday he was still waiting for his wages. The Finn, who is returning to Ferrari next season after two years with Lotus, also said he had considered not
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Authorities were responding to a "multi-patient incident" at the Los Angeles International Airport on Friday and California media reported that a gunman with a high-powered rifle was shot by law enforcement. The airport said on social media that there was "an incident underway at LAX." A local CBS affiliate reported that a gunman had been
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Of the 20 biggest sovereign wealth funds, 12 are based on revenues from the oil and gas sector that are invested in other sectors, with Norway’s Government Pension Fund topping the list at 785.2 bln dollars in assets. Next is Saudi Arabia’s SAMA Foreign Holdings with 675.9 bln, followed by the UAE’s Abu Dhabi Investment
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* But when will it start receiving income? * By Fiona Mullen One of the tasks of the troika of international lenders this week will be to look at the government’s plans for the natural gas sovereign wealth fund, as the establishment of a “resource fund” was one of the pledges of the Memorandum of
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