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Finance news Stories

French payments firm Ingenico submits WorldPay bid

LONDON/PARIS (Reuters) – French payments company Ingenico has submitted a bid for UK firm WorldPay, two sources familiar with the matter said on Friday. WorldPay is heading for a London stock market flotation in autumn that could value the firm … Continue reading

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Fed’s Fischer says not clear how Fed discussions could affect China stocks

JACKSON HOLE, Wyo (Reuters) – Federal Reserve Vice Chair Stanley Fischer said on Saturday it was not clear to him how Fed policy discussions could affect China’s stock market, as Chinese officials have suggested. Fischer was asked about the issue … Continue reading

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China is growing at ‘reasonable’ pace despite pressures

By Dominique Patton BEIJING (Reuters) – China’s economy is growing at a “reasonable” pace and, despite growing pressure, the government can handle well the risks the country faces, Chinese Premier Li Keqiang said. The premier, in remarks published late Saturday … Continue reading

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MIDEAST STOCKS-Gulf rises after oil’s rally, Dubai jumps

DUBAI, Aug 30 (Reuters) – Dubai’s stock market led gains in the Gulf in early trade on Sunday after oil prices rebounded, improving the sentiment of investors in the region. The emirate’s index jumped 3.0 percent and developer Emaar Properties, … Continue reading

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Q&A about this week’s market turmoil in China and beyond

BEIJING (AP) — With the Chinese stock market turmoil that incited global panic abated — at least for now — here are some questions and answers about it, as well as lessons to learn: ___ WHY DID THE CHINESE STOCK … Continue reading

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Angry Birds maker’s float seen less likely despite mobile games growth

By Liisa Tuhkanen LONDON (Reuters) – The often touted but regularly delayed stock-market listing of Rovio, creator of the hugely popular “Angry Birds” mobile game, could be even more distant after this week’s warning of lower earnings and a planned … Continue reading

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Autos lift U.S. consumer spending; sentiment slips

By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending rose in July as households stepped up automobile purchases, offering further evidence of strength in the economy that keeps the door open to a Federal Reserve interest rate hike this year. … Continue reading

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Strong dollar benefits rubber-based manufacturers

KUALA LUMPUR: Rubber glove and condom counters on Bursa Malaysia continue to outperform the whole stock market by about 40 per cent, despite their share prices having settled quite a bit for the past week. For the past two months, … Continue reading

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Myanmar sets $2.80 daily minimum wage in bid to boost investment

YANGON (Reuters) – Myanmar has set a minimum wage of 3,600 kyat ($2.80) for an eight-hour work day, a move likely to boost investment in the fast-growing country’s garment industry. The decision on a minimum wage, which follows two years … Continue reading

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Ashley Madison courted several buyers, landed none before attack

By Allison Martell and Alastair Sharp TORONTO (Reuters) – The owner of adultery website Ashley Madison had already been struggling to sell itself or raise funds for at least three years before the publication of details about its members, according … Continue reading

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Finance News

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