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RBS takes $640 million forex charge and warns of more to come

LONDON (Reuters) – State-backed Royal Bank of Scotland (RBS.L) has set aside 400 million pounds ($640 million) to cover potential fines for manipulating currency markets and warned further charges for past misconduct would continue to hit its profits. RBS, 80 … Continue reading

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Continental AG CEO says Audi recall no threat to guidance

MUNICH (Reuters) – Continental (CONG.DE) said a fault with airbags installed at premium sportscar maker Audi could cost a double-digit million euro amount to fix, a sum which the German automotive supplier could absorb without revising its earnings guidance. Earlier … Continue reading

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Futures rally after BOJ ramps up stimulus

NEW YORK (Reuters) – U.S. stock index futures rallied on Friday after the Bank of Japan significantly ramped up its stimulus program just days after the U.S. Federal Reserve wound down its own package of economic incentives. * The BOJ’s … Continue reading

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Italy says private capital will meet Monte Paschi, Carige needs

ROME (Reuters) – Banca Monte dei Paschi di Siena (BMPS.MI) and Carige CRCI.MI will make up the capital shortfalls revealed in the ECB stress tests through private sector financing, Italian Economy Minister Pier Carlo Padoan said on Friday. “The remaining … Continue reading

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Japan’s central bank shocks markets with more easing as inflation slows

TOKYO (Reuters) – The Bank of Japan shocked global financial markets on Friday by expanding its massive stimulus spending in a stark admission that economic growth and inflation have not picked up as much as expected after a sales tax … Continue reading

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Kurds’ battle for Kobani unites a people divided by borders

ARBIL Iraq (Reuters) – Cloaked in Kurdish flags, thousands of people lined the roads to cheer on a military convoy headed for what was — until recently — an obscure Syrian border town, now the focus of a global war … Continue reading

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Euro zone inflation slightly higher in October

BRUSSELS (Reuters) – Inflation in the 18 countries sharing the euro edged up slightly in October, a first estimate by the European Union’s statistics office showed on Friday, giving some hope to policy makers that price deflation can be avoided. … Continue reading

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Russia may resume gas supply next week if Ukraine pays $2.2 billion: Gazprom

MOSCOW (Reuters) – Russia may restart gas supplies to Ukraine as soon as next week if Kiev pays $2.2 billion worth of debts and pre-payments, Alexei Miller, head of state gas monopoly Gazprom, said on Friday. Moscow, Kiev and the … Continue reading

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LinkedIn revenue jumps 45 percent as companies hire more

(Reuters) – Corporate networking site LinkedIn Corp (LNKD.N) reported a 45 percent rise in quarterly revenue as more businesses used its services to hire staff. The company’s net loss attributable to stockholders widened to $4.3 million, or 3 cents per … Continue reading

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Trade, defense buoy U.S. economy, but some weakness creeps in

WASHINGTON (Reuters) – A smaller trade deficit and surge in defense spending buoyed U.S. economic growth in the third quarter, but domestic demand slipped, hinting at some loss of momentum. Gross domestic product grew at a 3.5 percent annual pace, … Continue reading

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