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| China’s Huarong buys 36% stake in energy group CEFC |
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Purchase by asset manager comes as Beijing brings private companies to heel
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| IoD chief Barbara Judge steps aside after staff allegations |
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Institute of Directors starts ‘full investigation’ into chair’s conduct
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| Global oil sector needs $20 trillion investments over 25 years: Aramco CEO |
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The global oil and gas industry needs to invest more than $20 trillion over the next 25 years to meet expected growth in demand and compensate for the natural decline in developed fields, Saudi Aramco Chief Executive Officer Amin Nasser said on Tuesday
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| China Sets 2018 GDP Target at About 6.5% as Stability Push Intensifies |
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China stepped up its push to curb financial risk, cutting its budget deficit target for the first time since 2012 and setting a growth goal of around 6.5 percent that omitted last year’s aim for a faster pace if possible.
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| Trump to slap 25% tariff on steel imports |
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Move to counter Chinese dumping will also add 10% levy to aluminium
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| China manufacturing hit by sharpest fall in 6 years |
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Unexpectedly severe slowdown leaves index near zero-growth level, hitting mining shares
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| Comcast informally tells Brussels of intention to bid for Sky |
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U.S. cable operator Comcast (CMCSA.O) has informally notified the European Commission of its intention to bid for Britain’s pay-TV group Sky (SKYB.L), triggering the regulatory process for the $31 billion deal
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| Bullish Powell vows further rate rises |
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New Fed chair leaves door open to faster pace of increases
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| Powell Says Strong Outlook to Prod Fed to Review Rate-Hike Path |
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Jerome Powell opened the door to the Federal Reserve raising U.S. interest rates four times this year as he acknowledged strengthening economic growth and inflation may prompt policy makers to rethink their plan for three hikes
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| Europe’s top 4 banks hire staff for busier times |
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Recruitment spree signals end to cutbacks following years of restructuring
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| The Media Club’s meeting |
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On February 23, 2018, the Media Club of PF «Center for Business Journalism «BizMedia» has conducted its meeting.
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| China's Geely makes $9 billion Daimler bet against tech 'invaders' |
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Chinese carmaker Geely [GEELY.UL] has built up an almost 10 percent stake in Daimler (DAIGn.DE) in a $9 billion bet by its chairman that he can access the Mercedes-Benz owner’s technology in the growing battle for the future of automotives
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| US proposes overhaul of ‘too big to fail’ regime |
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Treasury plans ‘Chapter 14’ bankruptcy process to shield taxpayers from bank collapses
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| EU chooses Spain's de Guindos for ECB vice-chair, paving way for German head |
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Euro zone finance ministers on Monday chose Spanish Economy Minister Luis de Guindos to succeed European Central Bank Vice President Vitor Constancio in May, a move likely to boost the chances of a German becoming head of the ECB next year
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| How a U.S. coal deal warmed Ukraine's ties with Trump |
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For the first time in Ukraine’s history, U.S. anthracite is helping to keep the lights on and the heating going this winter following a deal that has also helped to warm Kiev’s relations with President Donald Trump
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