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EU leaders agree investment package to boost economy

European Union leaders endorsed a new investment programme intended to kick-start economic growth in the bloc at a summit in Brussels, which its chairman said would end late on Thursday, half a day earlier than planned.


Federal Reserve delays parts of Volcker rule until 2017

The US Federal Reserve has given Wall Street banks even more time to comply with parts of the Volcker Rule, a key provision of the 2010 Dodd-Frank financial reform bill.


Ruble collapse hits Asian carmakers' ambitions in Russia

Asian carmakers who bet big on expanding in Russia face a test of their commitment to a market they once hoped was set to surpass Germany's by size, as the rouble plunges and auto sales skid [ … ]


Rouble turmoil leads to Apple halting online sales in Russia

Technology giant Apple says it cannot sell products online in Russia because the rouble's value is too volatile for it to set prices.


This hedge fund manager who remembers 1998 says prepare for pain

Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia.


Ruble sinks to 80 a dollar defying surprise Russia rate increase

The ruble plunged to 80 a dollar for the first time as investors speculated Russia will announce capital controls after the largest interest-rate increase in 16 years failed to revive confid [ … ]


France says UberPop to be banned as irate taxi drivers stall traffic

The UberPop transport service will be banned in France from Jan. 1 to avoid unfair competition, the Interior Ministry said on Monday as taxi drivers impeded morning traffic into Paris in a p [ … ]


‘Black market bank’ Liberty Reserve officer gets 5 years

The former chief technology officer of Liberty Reserve SA, described by the U.S. as a “black-market bank” that masked more than $6 billion in criminal proceeds, was sentenced to five years i [ … ]


U.A.E. sees OPEC output unchanged even if oil price drops to $40

OPEC will stand by its decision not to cut output even if oil prices fall as low as $40 a barrel and will wait at least three months before considering an emergency meeting, the United Arab [ … ]


China economic growth may slow to 7.1 percent in 2015: central bank report

China's economic growth could slow to 7.1 percent in 2015 from an expected 7.4 percent this year, held back by a sagging property sector, the central bank said in research report seen by Reu [ … ]


Global oil demand to slow despite price rout

Global appetite for oil will grow at a slower pace in 2015 than earlier thought despite plunging prices, the International Energy Agency said Friday, warning of the risk of social instabilit [ … ]


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