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News

11 Jan Former banking executive Walter Shipley dead at 83 -JPMorgan Chase

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Walter Shipley, a former banking executive credited with helping spur a series of mergers that led to the creation of JPMorgan Chase, has died at age 83, the company said on Saturday.

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11 Jan India’s Gandhi vows to reform sales tax, seek investment as poll nears

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India's main opposition Congress party will simplify the goods and services tax (GST) and take "rational economic decisions" to attract foreign investment if voted back to power in a general election due by May, its leader Rahul Gandhi said on Saturday.

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11 Jan Parliament is slowly taking back control of Brexit

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But there remains much to do if it is stop Britain leaving the EU with no-deal

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11 Jan UPDATE 2-South Africa’s ANC says central bank should broaden economic focus

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* Policy uncertainty sparked recent South Africa recession (Recasts to focus on Reserve Bank comments)

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11 Jan China to reduce restrictions on foreign investment – Xinhua

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China will reduce restrictions on foreign investment and address difficulties facing foreign companies investing in the country, the commerce minister said, according to a report by the official Xinhua news agency on Saturday.

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11 Jan China’s Dalian Wanda Group posts revenue drop for third straight year

Posted at 11:26h in News by KMFSLLP 0 Comments

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Chinese conglomerate Dalian Wanda Group's revenue fell by 5.7 percent in 2018 as the company sought to relieve debt pressure by offloading domestic and overseas holdings amid a government crackdown on leverage and overseas acquisitions.

11 Jan China stock market inflows could double in 2019 – securities official

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The inclusion of Chinese A-shares in global stock indexes could see foreign inflows into China's stock market double in 2019, the Shanghai Securities News quoted a top Chinese securities regulator as saying on Saturday.

11 Jan Unclear how deep and lasting Germany’s economic problems are -ECB’s Nowotny

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It is unclear if Germany's recent economic setbacks are a one-off or a more lasting phenomenon caused by structural problems, particularly in its car industry, European Central Bank policymaker Ewald Nowotny said in remarks published on Saturday.

11 Jan UPDATE 3-Nissan top exec Munoz resigns amid broadened Ghosn probe

Posted at 03:50h in News by KMFSLLP 0 Comments

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One of Nissan Motor Co's top executives has resigned, further rattling the Japanese automaker's management team as it broadens an investigation into ousted Chairman Carlos Ghosn's alleged financial misconduct.