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Economists Explain Why China's Ugly Manufacturing Report Is Garbage
China's HSBC flash (preliminary) manufacturing purchasing managers' index (PMI) fell to a seven-month low of 48.3 in February. This was significantly worse than the 49.5 reading expected by...
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Ex-Murdoch UK CEO Brooks acquitted on Prince William picture charge
LONDON (Reuters) - Rebekah Brooks, the former boss of Rupert Murdoch's British newspapers who is on trial for phone-hacking and other charges, was acquitted on Thursday of one charge of authorizing an...
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Retailer Esprit says China market a priority and big opportunity
HONG KONG (Reuters) - Retailer Esprit Holdings Ltd said on Friday China remains a big opportunity, listing it as a priority over the next two years, even after reporting a drop of 24.5 percent in...
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In Asia, WhatsApp posts mixed message for Facebook
By Jeremy WagstaffSingapore (Reuters) - WhatsApp may be hugely popular but its forays into Asia, the world's biggest mobile market, have had mixed success, raising questions about whether it can...
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Lockheed sees huge potential for military-, commercial-use drones
By Andrea ShalalHUNTSVILLE, Alabama (Reuters) - The Pentagon's No. 1 arms supplier Lockheed Martin Corp sees significant growth potential for its range of unmanned aircraft, given continued military...
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RBS to reduce headcount by up to a quarter in revamp: sources
LONDON (Reuters) - Royal Bank of Scotland will make further cuts to its investment banking activities and international operations which, alongside other sale plans, could cut headcount by up to a...
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Greek banks' stress test expected to show 5 billion eur capital need: sources
ATHENS (Reuters) - Greece's four big banks are expected to need a total of about 5 billion euros ($6.9 billion) in extra capital, based on a second stress test by the central bank, two senior banking...
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Japan factory output seen up, core inflation near five-year highs
By Tetsushi KajimotoTOKYO (Reuters) - Growth in Japan's factory output likely accelerated in January and core inflation hovered near five-year highs, a Reuters poll showed, underscoring the ongoing...
View ArticleMiner killed at South Africa's Anglo American Platinum
JOHANNESBURG (Reuters) - A miner affiliated to the National Union of Mineworkers (NUM) was attacked and killed at a mine belonging to South Africa's Anglo American Platinum, police and unionists said,...
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Italy's Renzi to propose cabinet list to president today: party source
ROME (Reuters) - Italy's prime minister-designate Matteo Renzi will see President Giorgio Napolitano on Friday and present the head of state with his list of cabinet ministers, a source in Renzi's...
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Markets Are Going Nowhere After Another Huge Move In Japan
Good morning! It was another huge day in Japan, where the Nikkei gained 2.88%. The index has had a few big days recently, as it goes from being one of the ugliest markets of the year to being a bit...
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El Nino threatens to return, hit global food production
By Lewa PardomuanSINGAPORE (Reuters) - The El Nino weather pattern that can trigger drought in some parts of the world while causing flooding in others is increasingly likely to return this year,...
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Anti-Putin protesters face verdict after "show trial" in Russia
By Gabriela BaczynskaMOSCOW (Reuters) - A Russian court was expected to jail eight anti-Kremlin protesters on Friday, sending a message that President Vladimir Putin will brook no challenge to his rule...
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Russia says better positioned than peers to deal with U.S. policy impact
MOSCOW (Reuters) - Russia may see a balanced budget this year, which puts the country in a better position than other emerging markets to fend off the impact of the U.S. decision to curb its monetary...
View ArticleBlast, gunfire heard near presidential palace in Somali capital
MOGADISHU (Reuters) - A loud explosion was heard near the center of the Somali capital Mogadishu on Friday, followed by prolonged heavy bursts of gunfire, a Reuters witness said.The city has been hit...
View ArticleS&P: Ukraine Likely To Default
This morning, Standard & Poor's lowered Ukraine's long-term rating from 'CCC+' to 'CCC'.You need to register, but the full S&P note can be found here. Here are the four key bullets:In our view,...
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The signals that opened Renzi's path to Italian power
By Massimiliano Di Giorgio and Steve SchererROME (Reuters) - Matteo Renzi espoused two rules on his path to power: don't govern without being elected, and don't rely on the establishment that has long...
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Bank of Japan likely to expand asset buying by summer
By Kaori KanekoTOKYO (Reuters) - The Bank of Japan is expected to ease policy further by this summer to help boost the economy and pull it out of a 15-year deflation, as the effects from Prime Minister...
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Italy's Renzi close to naming new cabinet: source
By Massimiliano Di GiorgioROME (Reuters) - Italian centre-left leader Matteo Renzi is close to naming the members of his government and is expected to meet President Giorgio Napolitano on Friday to...
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Zimbabwe's Mugabe turns 90
By Cris ChinakaHARARE (Reuters) - Zimbabwean President Robert Mugabe turned 90 on Friday, far from home on a medical trip that has intensified concerns about his health and stoked a simmering...
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