Asian stocks jumped to three-week highs on Friday as investors took a chance and cheered perceived progress in Washington to avert a possible debt default, even though questions remained over whether a deal could be struck in the next week. MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.2 percent, reaching highs not seen
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China's economic growth should exceed 7.5 percent this year, deputy central bank governor Yi Gang was quoted by Xinhua as saying, the latest expression of confidence from Beijing that the world's No. 2 economy is steadying. Yi was quoted as saying on the sidelines of the International Monetary Fund meeting that growth could hit 7.6
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The Italian government is racing to save Alitalia from bankruptcy after unions warned the national airline risked defaulting within days and creditor ENI threatened to stop supplying fuel. Alitalia, struggling to keep up payments on one billion euros of debt, postponed til Friday afternoon a board meeting scheduled for 1500 GMT on Thursday. An Alitalia
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Emirates Skywards, the award-winning frequent flyer programme of Emirates, announced the four winners of this year’s Skywards Future Artists Competition. These are: – New Experiences brief – Second Chance by Leonardo Pignataro (USA) – Alternate Perspectives brief – World Warped by Syed Arshad (India) – Deeper Insight brief – Deeper Insight by Sandeep Ahlawat (Bahrain)
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The Cyprus-Russia gala supports the Radiomarathon for the 7th consecutive year The 7th Cyprus-Russia Gala held on September 14th at the Presidential Palace with the participation of distinguished politicians, businessmen and other personalities from Cyprus and Russia, confirming the warm and close relations between the two countries. This year's event was again dedicated to the
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The government of Cyprus has approved the state budget for 2014 that foresees spending being reduced by 626 mln euros, while the aim is to achieve a primary budget deficit lower than that suggested by the Troika of international lenders. Finance Minister Harris Georgiades said the government aimed for a primary budget deficit – which
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This was the topic of the Presentation given by Mr. Emmanuil Schizas, Senior Economist Analyst of ACCA. Attendees got a peek – ahead of anyone else – of unpublished Q3 2013 findings of ACCA’s Global Economic Conditions Survey; drawing on four and a half years of interviews with accountants, ACCA can now explain much of
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The countdown to the Cyprus Rally 2013, which will start in the capital Nicosia on Friday, has begun. According to a Cyprus Automobile Association press release, the 2013 Cyprus Rally which will take place on 11-13 October is the penultimate round of the Middle East Rally Championship (MERC). Featuring 17 special stages, the Cyprus Rally
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28-year-old reveals more details of relationship Silvio Berlusconi lived in chaos, taken advantage of by hangers-on and vastly overpaid for groceries, his girlfriend said in the latest interview about her relationship with the politician 49 years her senior. As the political fortunes of the four-times Italian prime minister appear to be waning, his relationship with
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Toyota Motor Corp said Wednesday it is slashing by about $2,000 the price of its Prius Plug-in hybrid, continuing a trend of automakers cutting prices for electric vehicles. The 2014 Prius Plug-in will be sold for $30,785, including a destination charge of $795, Toyota's U.S. sales division said. Sales of the 2014 version of the
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