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Archive | February, 2013

If Greece collects more tax, austerity eases: IMF

Thursday, February 28, 2013

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Greek pensioners demonstrate outside the labour ministry in Athens on February 27, 2013

Greece could avoid slashing wages and pensions more to reduce its deficit if it steps up tax collection, the International Monetary Fund said Thursday.

Spain’s Bankia posts 19 bn euro 2012 loss

Thursday, February 28, 2013

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mployees of Bankia protest against layoffs outside the Bank of Spain's headquarters in Barcelona on January 9, 2013

Bailed-out Spanish banking giant Bankia suffered a loss of 19 billion euros ($25 billion) in 2012, it said in an earnings statement Thursday.

Royal Bank of Scotland posts £5.97bn 2012 net loss

Thursday, February 28, 2013

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State-rescued Royal Bank of Scotland said net losses almost tripled to £5.97bn in 2012

State-rescued Royal Bank of Scotland said Thursday that net losses almost tripled to £5.97 billion in 2012, when it was hit by compensation payouts, Libor rate-rigging fines and a vast accounting charge.

EU reaches deal to cap banker bonuses

Thursday, February 28, 2013

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The European Union flag flies in front of the European Parliament on October 12, 2012 in Strasbourg

The European Union has reached a deal to cap bankers’ bonuses, which critics say played a major role in driving the financial crisis, officials said on Thursday.

Royal Bank of Scotland net loss triples to £6 bn

Thursday, February 28, 2013

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People pass a branch of Royal Bank of Scotland in London on February 6, 2013

State-rescued Royal Bank of Scotland said Thursday that net losses almost tripled to £5.97 billion in 2012, when it was hit by compensation payouts, Libor rate-rigging fines and a vast accounting charge.

Asia has the world’s most billionaires: survey

Thursday, February 28, 2013

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World's richest people

Asia has more billionaires than any other continent, followed by North America and Europe, according to a survey by a China-based wealth magazine released on Thursday.

Africa, Asia lead ‘mobile money’ boom

Wednesday, February 27, 2013

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A man sends money through a mobile phone money service called M-PESA in Kenya's capital Nairobi on April 23, 2007

Africa and Asia are leading a global boom in the use of “mobile money” as millions turn to their mobile phones instead of coughing up cash or handing over credit cards.

JPMorgan to slash 19,000 jobs by end-2014

Tuesday, February 26, 2013

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US banking giant JPMorgan Chase plans to axe up to 19,000 jobs by the end of 2014

US banking giant JPMorgan Chase plans to axe up to 19,000 jobs by the end of 2014 as it seeks to rein in costs, the company said Tuesday in an investor presentation.

Asian markets mostly slip on Italy uncertainty

Tuesday, February 26, 2013

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Pedestrians pass an electronic prices screen in Tokyo on February 26, 2013

Asian markets mostly fell on Tuesday, with dealers spooked by an election in Italy that left no clear winner, leading to political uncertainty and fresh fears about eurozone stability.

Maradona ends Italian exile

Monday, February 25, 2013

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Diego Maradona arrives in Naples on February 25, 2013

Diego Maradona on Monday ended his more than two-decade exile from Italy, where he famously led Napoli to their sole titles in the Serie A football championship.

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