The IMF`s executive board will discuss next Wednesday, 15 May, to discuss the Fund`s contribution to a €10 billion bailout for Cyprus, IMF Spokesman Gerry Rice said Thursday. The IMF contribution to the €10 billion Cypriot bailout is estimated at €1 billion, with the remaining €9 billion provided by the European Stability Mechanism. "The executive
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A federal jury in Texas convicted the brother of two alleged leaders of Mexico's Los Zetas drug cartel of setting up a racehorse enterprise to launder millions of dollars in illicit profits, authorities said on Thursday. The jury found Jose Trevino Morales, 46, guilty of one count of conspiracy to commit money laundering, the U.S.
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An Ohio prosecutor vowed on Thursday to seek murder charges that could carry the death penalty against a former Cleveland school bus driver accused of kidnapping and raping three young women who endured a decade as captives in his house. The murder charges against Ariel Castro would stem from forced miscarriages that police say were
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Japanese equities soared to 5-1/2-year highs on Friday, with the dollar sailing past the symbolic 100 yen level and beefing up the outlook for Corporate Japan, but shares elsewhere in Asia retreated as global equities paused overnight from recent rallies. European stock markets will likely inch higher after the pan-European FTSEurofirst closed flat overnight to
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Actor Leonardo DiCaprio, the star of the new film "The Great Gatsby," and his foundation have teamed up with Christie's for a charity auction next week to benefit environmental causes. Thirty-three works, many created for and donated to the auction by some of the world's top artists, will go under the hammer on Monday in
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Kevin Baillie, co-founder of a visual effects company that works on major motion pictures, had never been in a car like his new Tesla Model S electric sedan, but somehow it looked familiar. "When I got into my car, I thought, 'Wait a minute, this looks like something from the movie I just worked
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Slovenia pledged on Thursday to sell 15 state firms including its second largest bank, biggest telecoms operator and national airline under a crisis package to avert an international bailout. Prime Minister Alenka Bratusek said value added tax would rise from 20 percent to 22 percent from July but that the government was still in talks
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U.S. stocks edged lower on Thursday despite stronger-than-expected data on the labor market, with Wall Street coming off a sustained rally that took the S&P 500 to record closing highs for five straight sessions. Jobless claims unexpectedly fell in the latest week by 1,000 to 323,000, their lowest in more than five years. Analysts had
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A former school bus driver accused of kidnapping three young women and raping them during a decade of captivity in his house was ordered held on $8 million bond on Thursday. In Cleveland Municipal Court, the accused man Ariel Castro appeared expressionless, his head bowed and his hands in cuffs before Judge Lauren Moore, who
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Britain's Green Investment Bank (GIB), the world's first bank solely focused on lending to clean energy projects, said it allocated 635 million pounds ($988 million) in funding over its first five months of operation. The bank, which opened in November 2012 and is capitalised with 3 billion pounds of government money, supported eleven projects over
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