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IMF board stands behind Lagarde over French probe

WASHINGTON (Reuters) – The International Monetary Fund’s board on Friday stood behind the global lender’s leader Christine Lagarde, who is facing a criminal investigation in France tied to a political corruption probe dating from 2008. French magistrates earlier this week … Continue reading

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Exclusive: Intel hires senior Qualcomm exec to boost mobile business

SAN FRANCISCO (Reuters) – Chipmaker Intel Corp (INTC.O) has hired Amir Faintuch, a senior executive at rival Qualcomm Inc (QCOM.O), to step up efforts in mobile and Internet-connected gadgets. Hiring a senior executive from a major competitor is rare for … Continue reading

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U.S. judge sets hearing in Argentina bond case over Citi subpoena

NEW YORK (Reuters) – A U.S. judge overseeing litigation by Argentina and creditors who did not participate in the country’s past debt restructurings on Friday scheduled a hearing to assess whether Citigroup Inc (C.N) should be forced to comply with … Continue reading

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U.S. coal stocks could gain on Russia tension

NEW YORK (Reuters) – Beaten-down U.S. coal company stocks may receive a lift in coming weeks if deteriorating relations between Russia and the West push President Vladimir Putin to shut off Europe’s natural gas supply. The crisis in eastern Ukraine … Continue reading

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U.S. judge halts major part of Texas law restricting abortions

AUSTIN Texas (Reuters) – A U.S. judge struck down parts of a law restricting abortions in Texas, saying in a decision on Friday that a provision requiring clinics to have certain hospital-like settings for surgeries was unconstitutional. U.S. District Judge … Continue reading

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Silva widens lead ahead of Brazil presidential election

BRASILIA (Reuters) – Environmentalist Marina Silva has widened her lead over President Dilma Rousseff to 10 percentage points in what could be a likely runoff in Brazil’s October election, a survey by polling firm Datafolha showed on Friday. It was … Continue reading

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Exclusive: Bitcoin promoter to plead guilty to unlicensed money transmission

NEW YORK (Reuters) – Bitcoin entrepreneur Charlie Shrem has reached a plea deal to resolve U.S. charges that he engaged in a scheme to sell over $1 million of the digital currency to users of illicit online marketplace Silk Road, … Continue reading

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U.S. auto sales seen ending summer without a sizzle

DETROIT (Reuters) – U.S. auto industry sales in August will be about even with a year ago, not quite ending the summer in a sizzling fashion but still warm enough to continue the recovery from a recession now five years … Continue reading

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Special Report: The billion-dollar fall of the house of Espirito Santo

LISBON (Reuters) – On June 9, with his 150-year-old Portuguese corporate dynasty close to collapse, patriarch Ricardo Espirito Santo Salgado made a desperate attempt to save it. Salgado signed two letters to Venezuela’s state oil company, which had bought $365 … Continue reading

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Major Carlsberg shareholder cuts stake

COPENHAGEN (Reuters) – The largest fund shareholder in Carlsberg (CARLb.CO), which has proven vulnerable to deteriorating conditions in Russia and has lowered its 2014 guidance, has cut its stake in the company by a quarter, the brewer said on Friday. … Continue reading

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