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Workers head to work at Singapore's central business district on August 23, 2011

Singapore to tighten rules on hiring of foreigners

Monday, September 23, 2013

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Singapore Monday announced tighter rules on the hiring of foreign professional workers, saying companies will from next year have to show proof they first tried to recruit local citizens.

Asian stocks rise after strong Japan, China data

Mon, Sep 9, 2013

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Traders looks at a stocks monitor at the Philippine Stock Exchange in Manila on April 8, 2013

Asian markets rose Monday as strong Chinese trade data lifted hopes for the global economic outlook while Japanese stocks were boosted by improved growth figures and Tokyo’s successful bid to host the 2020 Olympics.

Real Madrid slash net debt as profits soar

Fri, Sep 6, 2013

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Gareth Bale at his presentation in the Santiago Bernabeu stadium in Madrid on September 2, 2013

Days after splashing over 90 million euros ($118.5 million, £75.9 million) for the services of Gareth Bale, Real Madrid have announced a rise in profits and a 27.4 percent reduction in their net debt in their accounts for the 2012/13 season.

IMF warns G20 of slowing emerging economies

Wed, Sep 4, 2013

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IMF Managing Director Christine Lagarde (C) arrives at Saint Petersburg's airport to attend the G20 on September 4, 2013

The International Monetary Fund warned the Group of 20 Wednesday that emerging economies were slowing more than expected and under pressure from US plans to slow its stimulus.

Spain detains great drain robbers

Mon, Sep 2, 2013

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File picture shows a man going into the drains through a manhole

Spanish police said Monday they have arrested a gang of 10 bank robbers in Madrid who used the drains to enter and flee from bank branches.

Needy Spanish pupils go to summer school for lunch

Sun, Sep 1, 2013

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Children eat during school time in the Parish of San Antonio Abab, in Sevilla, on August 29, 2013

While other children are at the beach or campsite for their summer holidays, eight-year-old Jose Alberto is back in the classroom in the August heat.

Economic worry shifts to emerging markets at Russian G20

Sun, Sep 1, 2013

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Leaders from the BRICS group of emerging powers, Durban, South Africa, March 27, 2013

Long hailed as the hungry new tigers of the global economy, the world’s biggest emerging markets will be the chief economic focus at the G20 summit in Russia this week as their once surging prospects suddenly dim.

Spain logs rare current account surplus

Fri, Aug 30, 2013

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A picture taken on May 29, 2012 shows a coin of euro with a Spanish national flag in the background

Spain recorded a current account surplus in January-June this year for the first time on record as exports and investor confidence in the recession-hit country strengthened, officials said.

Bern agrees to new settlement of US tax-dodger dispute

Wed, Aug 28, 2013

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Finance Minister Eveline Widmer-Schlumpf (far right) speaks on June 18, 2013 before the Swiss National Council in Bern

The Swiss government agreed Wednesday to a new US plan to settle a bitter dispute between the two countries and halt Washington’s legal action against Swiss banks suspected of stashing cash for US tax dodgers.

Italian rates rise in six-month bond auction

Wed, Aug 28, 2013

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A trader uses telephones in a bank trading roomin Milan, Italy on May 31, 2010

Italy raised 8.5 billion euros ($11.4 billion) as planned at an auction of six-month bills on Wednesday, but the interest rate demanded by investors rose to 0.886 percent from 0.799 percent in July.

Loans to eurozone businesses drop sharply: ECB

Wed, Aug 28, 2013

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Mario Draghi, President of the European Central Bank, ECB in Frankfurt, Germany, July 4, 2013

Lending to businesses in the debt-mired eurozone contracted sharply in July, data published by the European Central Bank showed on Wednesday, a potential source of concern for economic recovery.

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