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US Treasury Secretary Jack Lew calls for demand boost

The US Treasury Secretary has urged countries with the "capacity" to do more to boost economic growth through consumer demand, in an apparent reference to Germany.

 

China and Australia in currency pact

The Australian dollar has become the third currency, along with the US dollar and the Japanese yen, to trade directly with the Chinese yuan.

   

KPMG quits audit roles over insider trading allegations

Accountancy giant KPMG has quit as auditor of two US companies amid an FBI investigation into alleged insider trading involving a former employee.

   

EU investigation to probe Mastercard fees

Mastercard is being investigated by the European Commission over fees charged for card transactions made by people visiting Europe.

   

Xi Jinping: 'China will protect foreign companies'

China's President, Xi Jinping, has promised to protect the rights of foreign companies.

   

Baby milk rationed in UK over China export fear

Retailers in the UK are rationing sales of powdered baby milk because of a surge in demand in China.

   

North Korea workers fail to turn up at Kaesong

North Korean employees have not reported for work at the Kaesong Industrial Complex, suspending one of the few points of cooperation between North and South Korea.

   

Australia, China strike deal on currency

Trade between Australia and China just got a little easier.

   

Portugal faces fresh cuts to spending

Portugal's prime minister says the government will have to cut spending on health, education and social security to keep the country's €78bn bailout programme on track.

   

Bank of Japan begins stimulus sending Yen lower

The Japanese yen has dropped to its lowest level since 2008 against the US dollar after the central bank began the latest round of its stimulus programme.

   

Dubai free zone aims for top gold trading hub

The Dubai free zone will become one of the world's top trading hubs for precious metals in two years, driven by the influx of firms and customers from the emerging markets, an official said [ … ]

   

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