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U.S. takes first step to ending Cuba trade embargo

The United States eased decades of trade and financial restrictions on Cuba, opening up the country to U.S. telecommunications, construction and financial services in a slew of changes announced by the U.S. Departments of Commerce and Treas [ … ]


Euro dips as market eyes possible ECB stimulus

The euro dropped somewhat against the dollar and other currencies on Monday (Jan 12) on expectations the European Central Bank could soon enact monetary stimulus.


World Bank cuts global growth forecast

The World Bank has cut its global growth forecast, warning the US alone cannot drive an economic recovery.


Russia reveals huge cost of supporting the rouble

The Russian central bank has revealed the huge cost of trying to prop up the value of the rouble.


Thailand: Drought expected to reduce off-season rice output by 30 percent

Due to recent widespread drought, Thailand’s off-season rice production is expected to yield only 6.7 million tonnes in 2015, a 30 percent decrease from the 9.7 million tonnes last year, rep [ … ]


Standard Chartered to axe 4,000 retail bank jobs - memo

Standard Chartered will axe around 4,000 jobs worldwide at its retail banking division, according to an internal memo reviewed by Reuters on Thursday, in a push to achieve the cost cuts that [ … ]


Samsung Elec tips first annual profit fall in 3 yrs

Samsung Electronics Co Ltd on Thursday said its fourth-quarter profit likely fell 37.4 percent, confirming expectations for its first year of profit decline since 2011 as it struggles to ret [ … ]


Federal Reserve rate rise before April 'unlikely'

US Federal Reserve officials do not believe that they will raise the benchmark short-term federal funds interest rate before April, minutes released on Wednesday revealed.


Oil prices extend losses, shares stage tepid recovery

Oil prices continued their downward spiral to fresh five-and-a-half-year lows Wednesday, leaving equity markets struggling to recover after a recent sell-off, while Greek political turmoil s [ … ]


China firm to bid again for Mexico rail project: govt

The Chinese state firm which led a cancelled bid for a $3.75 billion high-speed rail contract in Mexico plans to tender for the project again, a Chinese government agency said Wednesday.


Euro zone prices fall more than expected in December, likely to trigger ECB action

Euro zone consumer prices fell by more than expected in December because of much cheaper energy, a first estimate by the European statistic office showed in data that is likely to trigger th [ … ]


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