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China August factory growth slows to near six-year low, calls grow for more stimulus

BEIJING (Reuters) – China’s factory output grew at the weakest pace in nearly six years in August while growth in other key sectors also cooled, raising fears the world’s second-largest economy may be at risk of a sharp slowdown unless … Continue reading

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Reinsurers flock to Monte Carlo as market storm brews

MONACO (Reuters) – For a financial sector posting a double-digit rise in earnings and boasting large cash piles, reinsurers sure see a lot of storm clouds on the horizon. That’s because they are facing what many see as an unprecedented … Continue reading

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Bosses charged with rebuilding Portugal’s BES bank quit after two months

LISBON (Reuters) – The rebuilding of Portugal’s Novo Banco – the successor to Banco Espirito Santo (BES) after a state rescue last month – was dealt a blow on Saturday with the resignation of the three men handpicked by the … Continue reading

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Brazil prosecutor seeks to freeze $641 mln in Batista’s assets

BRASILIA (Reuters) – Brazil federal prosecutors have filed criminal charges against Eike Batista, accusing the fallen tycoon of market manipulation and seeking to freeze up to $1.5 billion reais ($641 million) worth of his financial assets and properties. The Rio … Continue reading

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Islamic State video purports to show beheading of UK hostage David Haines

BAGHDAD (Reuters) – Islamic State militants fighting in Iraq and Syria released a video on Saturday that purported to show the beheading of British aid worker David Haines. Reuters could not immediately verify the footage. But the images were consistent … Continue reading

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China on track to develop Indian railways as Xi heads to South Asia

NEW DELHI/BEIJING (Reuters) – China will pledge to invest billions of dollars in India’s rail network during a visit by President Xi Jinping this week, bringing more than diplomatic nicety to the neighbors’ first summit since Narendra Modi became prime … Continue reading

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Show us the money: EU seeks billions of euros to revive economy

MILAN Italy (Reuters) – The European Union sought ways on Saturday to marshal billions of euros into its sluggish economy without getting deeper into debt, considering options from a pan-European capital market to a huge investment fund. With Europe’s economy … Continue reading

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Iraq PM says he will protect civilians after U.S.-Iraq air strikes against IS

BAGHDAD/CAIRO (Reuters) – Iraq’s Shi’ite Prime Minister Haider al-Abadi said on Saturday that he had ordered his air force to halt strikes on civilian areas, following attacks by both Iraqi and U.S. jets in large areas of the country held … Continue reading

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Microsoft needs Minecraft to boost mobile ambitions

SEATTLE (Reuters) – Microsoft’s impending purchase of Mojang, the Swedish developer with 100 million players of its open world Minecraft game, is more aimed at pulling users onto the software company’s obscure mobile platform than its better known PC system … Continue reading

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RadioShack mulls $585 million financing package from UBS, Standard General: WSJ

(Reuters) – RadioShack Corp (RSH.N) is evaluating a $585 million financing package led by UBS AG (UBSN.VX) and hedge fund Standard General LP as the U.S. electronics retailer tries to avert bankruptcy, the Wall Street Journal reported, citing people familiar … Continue reading

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