Thursday 30 July 2015
 
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Greece votes in high-stakes referendum

Greece voted on Sunday on whether to accept more austerity in exchange for international aid, in a high-stakes referendum likely to determine whether it leaves the euro-currency area after seven years of economic pain. Staged agai

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Global economy ‘set to grow in 2015’

This is a year where growth will improve, although in many parts of the world it may not feel that way, according to the Global Research team at Standard Chartered. The bank’s economic theme for 2015 – “Rekindlin

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Global economy ‘set to grow in 2015’

This is a year where growth will improve, although in many parts of the world it may not feel that way, according to the Global Research team at Standard Chartered. The bank’s economic theme for 2015 – “Rekindlin

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Dollar hits 11-year high after China rate cut

The dollar hit an 11-year high against a basket of major currencies on Monday, with the greenback gaining a broad lift after an interest rate cut in China dented the Chinese yuan and emerging Asian currencies. The dollar rose to a

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ECB's trillion-euro move offers boost, but at a cost

ECB chief Mario Draghi's 1 trillion ($1.1 trillion) euros of fresh money could prove the masterstroke that saves the euro zone for now, but it breaks the principle that the bloc acts as one, a move that could ultimately undermine the currenc

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European Union faces crucial test of ‘whatever it takes’

The European Central Bank (ECB) faces a crucial test of its resolve to do "whatever it takes" to preserve the euro when it decides this week on buying government bonds to combat deflation and revive the economy. The EU t

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ECB targets bundled-debt market to boost economy

The European Central Bank (ECB) laid out plans on to buy rebundled packets of debt within weeks to shore up the flagging euro zone economy and its president said the bank would do more if needed. It was, nonetheless, one of the la

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Asia stocks highest since 2008 as euro plunges

The euro came close to cracking on Wednesday as feverish speculation of further policy stimulus in the euro zone drove bond yields to all-time lows and lifted Asian stocks to peaks not seen in almost seven years. The groundbreakin

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Banks cut 5,500 branches across Europe in 2012

Banks cut 5,500 branches across the European Union last year, 2.5 percent of the total, leaving the region with 20,000 fewer outlets than it had when the financial industry was plunged into crisis in 2008. Last year's cuts com

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Brent steady below $103, ECB rate cut supports

Brent crude held below $103 a barrel on Friday, retaining most of its steep gains from the previous session, when an interest rate cut by the European Central Bank boosted investors' appetite for riskier assets. The decision c

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