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The world economy is in bad shape, especially Europe: poll

The world economy is in its worst shape in two years, with the euro area and emerging markets deteriorating and the danger of deflation rising, according to a Bloomberg Global Poll of international investors.

 

India media highlights Vietnam’s economic growth

economic growth

India’s leading business newspaper, The Economic Times, has highlighted Vietnam’s recent economic growth and market opportunities.

   

Six banks to pay $4.3 billion in first wave of currency-rigging penalties

Regulators in the U.S., Britain and Switzerland ordered six banks to pay about $4.3 billion in the first wave of penalties since authorities began a global probe into the rigging of key fore [ … ]

   

Alibaba's Jack Ma: Being richest is 'great pain'

He may now be China's richest man but Jack Ma, the founder of e-commerce giant Alibaba, has admitted in a US television interview that being so wealthy is actually causing him "great pain".

[ … ]
   

Five big banks hit with $3.2bn forex rigging fines

Global regulators announced Wednesday $3.2 billion (2.5 billion euros) in fines against five major US and European banks for attempting to manipulate foreign exchange markets.

   

Swiss pocket watch nets world record $24 million: Sotheby's

A gold pocket watch made by Patek Philippe for a New York banker in the 1930s fetched 23.2 million Swiss francs ($24 million) at auction on Tuesday, smashing the record for a timepiece it pr [ … ]

   

Alibaba reports record $9 bln Singles' Day sales

E-commerce giant Alibaba Group Holding Ltd reported more than $9 billion in sales on China's Singles' Day on Tuesday, illustrating the buying power of the Chinese consumer and the importance [ … ]

   

Apple must face U.S. lawsuit over vanishing iPhone text messages

Apple Inc was ordered to face a U.S. federal lawsuit claiming it failed to tell consumers that its messaging system would block them from receiving text messages if they switched to Android- [ … ]

   

Obama says momentum building on 'historic' trans-Pacific trade deal

US President Barack Obama said on Monday he sees momentum building for a Washington-backed free trade agreement in the Asia-Pacific, after arriving in Beijing on the first leg of an eight-da [ … ]

   

South Korea says "effectively" reaches free trade deal with China

South Korea said it has "effectively" reached a free trade agreement with China that will remove or sharply reduce barriers to trade and investment between the two global trade giants.

   

China to establish $40 bln Silk Road infrastructure fund

China will contribute $40 billion to set up a Silk Road infrastructure fund to boost connectivity across Asia, President Xi Jinping announced on Saturday, the latest Chinese project to sprea [ … ]

   

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