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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.

Turkish lira falls despite bank action, amid Syria tension

Wed, Aug 28, 2013

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Turkish liras are being counted at a stock-exchange office in Istanbul, on April 30, 2007

The Turkish lira fell further against the dollar on Wednesday, despite assurances by the central bank and amid tension over Syria.

Italy ‘faces financial storm’ over Berlusconi

Mon, Aug 26, 2013

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A demonstration in support of Silvio Berlusconi outside his home in Rome, on August 4, 2013

Instability in Italy over Silvio Berlusconi’s future could trigger early elections next year and punish the country on the financial markets starting this week, a top US economist warned on Monday.

Asian stocks mostly rise as Fed taper fears wane

Mon, Aug 26, 2013

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A woman walks past a share prices board in Tokyo on August 23, 2013

Asian markets mostly made modest gains Monday as speculation eased over whether the US Federal Reserve will begin an early tapering of its massive stimulus programme.

Bank of America probe after hard-working intern dies

Fri, Aug 23, 2013

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A Bank of America logo is seen outside a bank branch in Washington, DC, on August 19, 2011

Bank of America Merrill Lynch launched a review of working conditions on Friday following the death of a German intern who had reportedly worked for long hours at its London offices.

Germany’s finances in black in first half

Fri, Aug 23, 2013

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File picture shows the Reichstag building (lower house of parliament), in Berlin

Germany ran up a general government surplus of 8.5 billion euros ($11.3 billion) in the first six months of this year, equivalent to 0.6 percent of output, data showed Friday.

Moody’s eyes downgrade of biggest US banks

Thu, Aug 22, 2013

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People pass a sign for JPMorgan Chase & Co. at its headquarters in Manhattan on October 2, 2012 in New York City

Ratings agency Moody’s said Thursday it was mulling a downgrade for four major US banks due to an expected reduction in government support under financial reforms.

Asia markets drop as emerging currencies weaken

Thu, Aug 22, 2013

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A man walks past an Indonesian stock exchange display board in Jakarta on August 20, 2013

India’s rupee sank to another record low on Thursday as emerging Asian currencies retreated after US Federal Reserve minutes failed to provide clarity about the future of its stimulus programme.

UK banks face new £1.3 bn bill over mis-selling

Thu, Aug 22, 2013

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Britian's troubled banking sector faces a bill of up to £1.3 billion to compensate customers

Britain’s troubled banking sector faces a new bill of up to £1.3 billion to compensate millions of customers who were mis-sold credit card insurance and identity protection policies, regulators said Thursday.

Emerging Asia currencies struggle as Fed move looms

Wed, Aug 21, 2013

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A parking lot employee counts rupee notes in New Delhi on August 14, 2013

Currencies in developing Asia struggled on Wednesday as concerns grow that the US Federal Reserve will soon begin to unwind its massive stimulus programme, diverting cash back to the West.

Asian markets down on lingering Fed fears

Tue, Aug 20, 2013

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A woman walks past an electric prices board in Tokyo on August 1, 2013

Asian markets fell Tuesday following another weak lead from Wall Street, while attention returns to the US Federal Reserve’s stimulus programme as the bank releases minutes of its latest policy meeting.

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