Egypt targets 445.1 billion Egyptian pound deficit in 2019/2020 – ministry

CAIRO, March 31 () – Egypt expects a total deficit of 445.1 billion Egyptian pounds ($25.76 billion) in its 1.575 trillion pound draft 2019/2020 budget, the finance ministry said in a report on Sunday. The government aims for the deficit to be 7.2 percent of gross domestic product, versus 8.4 percent targeted in the 2018/2019 […]

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Algeria’s Bouteflika names new caretaker government

ALGIERS, March 31 () – Algerian President Abdelaziz Bouteflika named a new caretaker government on Sunday, keeping Army Chief of Staff Ahmed Gaed Salah in his post as deputy defence minister even after he called for Bouteflika to be declared unfit for office. Announcing the new cabinet, state television said Bouteflika had appointed central bank […]

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UPDATE 1-Amelie de Montchalin named new French European affairs minister

FILE PHOTO: Member of parliament Amelie de Montchalin of « La Republique en Marche » (Republic on the Move or LREM) political party attends the questions to the government session at the National Assembly in Paris, France, October 24, 2017. /Charles Platiau/File PhotoPARIS () – French President Emmanuel Macron appointed legislator Amelie de Montchalin as new European […]

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Amelie de Montchalin named new French European affairs minister

PARIS, March 31 () – French president Emmanuel Macron appointed legislator Amelie de Montchalin as new European affairs minister on Sunday to replace Nathalie Loiseau in a small expected cabinet reshuffle two months before the European elections. Loiseau quit her job on Wednesday to lead President Emmanuel Macron’s party for the European election campaign. The […]

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Box Office: ‘Dumbo’ Lands at No. 1 With Soft $45 Million

LOS ANGELES, (Variety.com) – Disney’s “Dumbo” had an underwhelming liftoff at the domestic box office. Tim Burton’s live-action remake debuted with $45 million from 4,259 North American theaters, below expectations heading into the weekend. Producer Katterli Frauenfelder, actor Colin Farrell, actor Nico Parker, director Tim Burton, actor Finley Hobbins, actor Eva Green, actor Danny DeVito, […]

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Japan’s banks can’t blame BOJ for their problems, new head of lobby says

TOKYO () – Japanese lenders should not blame the Bank of Japan’s ultra-loose monetary policy for their inability to boost trading revenue or for poor returns borne of lax risk management, the newly appointed head of the country’s banking lobby said. FILE PHOTO: Makoto Takashima speaks during an interview with at the bank’s headquarters in […]

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China’s services activity quickens in March – official PMI

FILE PHOTO – A waiter prepares a table for service at Haidilao’s new artificial intelligence hotpot restaurant in Beijing, China, November 14, 2018. /Jason Lee/File Photo BEIJING () – Growth in China’s services industry quickened in March, an official survey showed on Sunday, offering some respite for a slowing economy. The official non-manufacturing Purchasing Managers’ […]

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Dream home of the week: The Spinney

If you have ever fancied living in a unique 21st century designed family home in a unique location, our dream home of the week is right up your street.The Spinney is a six bedroom family home on Fulbrook Lane – in between Warwick and Stratford. Despite being just a short distance away from two of […]

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Australia to boost national security funding by $400 mln – newspaper

FILE PHOTO: The Australian Prime Minister Scott Morrison attends a news conference in Canberra, Australia August 24, 2018. /David GrayMELBOURNE () – Australia’s budget for the 2019/20 fiscal year will include an additional A$570 million ($404.36 million) for national security to boost counter-terrorism and anti-espionage operations, The Weekend Australian newspaper reported on Saturday. The extra […]

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UPDATE 3-Brazil’s Caixa Economica to seek partners for card, asset, insurance units

(Adds CFO comments on deals) By Carolina Mandl SAO PAULO, March 29 () – Brazil’s Caixa Economica Federal is mulling strategic partnerships for its credit card, asset management and insurance units before taking them public, Chief Financial Officer Andre Laloni said on Friday. This strategy is part of Caixa’s plan to raise up to 100 […]

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UPDATE 7-U.S., China report progress in Beijing trade talks

BEIJING/PALM BEACH, Fla. () – U.S. President Donald Trump said on Friday that trade talks with China were going very well, but cautioned that he would not accept anything less than a “great deal” after top U.S. and Chinese trade officials wrapped up two days of negotiations in Beijing. China’s Vice Premier Liu He (C) […]

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Forex firm TransferWise to sell stake in new fundraising round -sources

() – TransferWise Ltd, the money transfer startup whose investors include entrepreneur Richard Branson and PayPal Holdings Inc founders Peter Thiel and Max Levchin, is seeking to sell a stake in itself in a new fundraising round, people familiar with the matter said on Friday. The fundraising comes as TransferWise and other startups are shaking […]

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Argentina ministry sends central bank charter to Congress

FILE PHOTO: Argentina’s Central Bank facade, in Buenos Aires, Argentina March 26, 2019. /Agustin MarcarianBUENOS AIRES () – Argentina’s finance ministry sent a bill to Congress on Friday for a new central bank charter that bans the entity from financing the Treasury and once again emphasizes its main role as fighting inflation. The bill, which […]

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UPDATE 6-U.S., China trade talks in Beijing called ‘candid and constructive’

BEIJING () – The United States and China said they made progress in trade talks that concluded on Friday in Beijing, with Washington calling them candid and constructive, as the world’s two largest economies try to resolve a bitter, nearly nine-month trade war. China’s Vice Premier Liu He (C) talks with US Treasury Secretary Steven […]

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UPDATE 2-Judge nixes Mexican holiday for executive charged in U.S. college admissions scandal

BOSTON () – A federal judge on Friday nixed the international family vacation plans of a former senior executive at private equity firm TPG Capital charged in connection with the U.S. college admissions scandal, saying he posed a flight risk. William McGlashan Jr., a Senior Executive at TPG private equity firm facing charges in a […]

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UPDATE 1-No Mexican getaway for executive charged in U.S. college admissions scandal

BOSTON () – A federal judge on Friday nixed the international family vacation plans of a former senior executive at private equity firm TPG Capital charged in connection with the U.S. college admissions scandal, saying he posed a flight risk. William McGlashan Jr., a Senior Executive at TPG private equity firm facing charges in a […]

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UPDATE 3-Versum opens books, begins to warm to rival suitor Merck KGaA

() – Versum Materials Inc has opened its books to suitor Merck KGaA, saying the German group’s unsolicited $5.9 billion offer might be sweetened and could edge out an agreed merger with Entegris. FILE PHOTO: A logo of drugs and chemicals group Merck KGaA is pictured in Darmstadt, Germany January 28, 2016. /Ralph Orlowski/File Photo“Merck’s […]

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UPDATE 2-Brazil’s Caixa Economica posts loss after central bank demanded writedowns

(Adds CEO, CFO comments) By Carolina Mandl SAO PAULO, March 29 () – Brazil’s Caixa Economic Federal posted a fourth-quarter net loss of 1.113 billion reais ($287 million) after major writedowns demanded by the Brazilian central bank, Chief Executive Pedro Guimaraes said on Friday. A real estate writedown of 2.2 billion reais followed efforts by […]

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UPDATE 2-European stocks rise, clocking best quarter in 4 years

() – European shares rose on Friday and headed for their best quarterly performance in four years, helped by encouraging signals from U.S.-China trade talks and a surge for the world’s second-biggest apparel retailer, H&M. The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, October 9, 2017. /Staff/RemoteThe […]

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