Finance news

• Labour asks British government to explain basis of Google tax deal

  30-01-2016 23:00
  
  LONDON, Jan 31 (Reuters) - Britain's opposition Labour party demanded on Sunday that the finance ministry explain how it arrived at a back tax payment by Internet giant Google that has put the...
  
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• France, a quiet but significant presence in Cuba

  30-01-2016 22:19 via news.yahoo.com
  
  France, one of Cuba's leading economic partners, has forged close ties with the island, even if its commercial presence lags far behind that of Venezuela or China, countries close to the Cuban regime. In 2013, French-Cuban trade totaled 278 million euros ($301 million in today's dollars), but it fell to 180 million euros in 2014 and probably a similar level in 2015, according to official French data. The lower numbers are largely due to a drop in Cuban grain imports and the temporary suspension
  
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• Benefiting From Education Tax Breaks On Your Return: Credits & Deductions

  30-01-2016 22:16 via news.yahoo.com
  
  Paying for college? You might be able to benefit from a tax credit or a tax deduction on your 2015 tax return. Here's what you need to know about the American Opportunity Credit, Lifetime Learning Credit, ...
  
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• Benin prime minister gets opposition support for presidential election

  30-01-2016 21:42 via news.yahoo.com
  
  By Allegresse Sasse COTONOU (Reuters) - Benin's prime minister Lionel Zinsou, favored by the president to succeed him in next month's election, received a boost on Saturday when the leading opposition party also named him as their preferred candidate. In a ceremony on Saturday declaring their support, leaders of the PRD party described Lionel Zinsou as the "consensus candidate" that would bring prosperity to the tiny West African country whose economy has been hit by a slowdown in neighboring Ni
  
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• Berkshire resumes buying Phillips 66 stock

  30-01-2016 18:14
  
  Jan 30 (Reuters) - Berkshire Hathaway Inc, the conglomerate run by Warren Buffett, has resumed its purchases of Phillips 66 stock, and spent roughly $832 million in January to boost its stake even as...
  
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• Greece's lenders to resume bailout review as farmers protests reforms

  30-01-2016 17:53 via news.yahoo.com
  
  Negotiations between Greece and its creditors on the first review of the country's bailout will resume Monday, against the backdrop of ongoing demonstrations by farmers protesting pension reforms imposed by international lenders. The Greek finance ministry confirmed the resumption of the talks, which come as farmers continue to blockade highways in several places over the government's plans to scrap benefits such as income tax breaks and cheaper fuels and push through reforms to a national insur
  
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• Bahrain says austerity plans in line with IMF

  30-01-2016 14:36
  
  DUBAI, Jan 30 (Reuters) - Bahrain plans austerity steps to cut its budget deficit in line with IMF recommendations, its finance minister said on Saturday in comments that could help the island...
  
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• Obama wants $4B to help students learn computer science

  30-01-2016 14:06 via news.yahoo.com
  
  President Barack Obama said Saturday he will ask Congress for billions of dollars to help students learn computer science skills and prepare for jobs in a changing economy. "In the new economy, computer ...
  
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• UPDATE 1-Coca-Cola takes stake in Nigerian juice maker Chi

  30-01-2016 14:02
  
  LAGOS, Jan 30 (Reuters) - Coca-Cola has bought a 40 percent stake in Nigerian juice and snack producer Chi Ltd, it said on Saturday, as it continues to expand in Africa to tap a young and...
  
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• RPT-INSIGHT-Did Brazil, global health agencies fumble Zika response?

  30-01-2016 14:00
  
  Rio de Janeiro, Jan 30 (Reuters) - Last January, long lines formed outside health clinics in Recife, a city in Brazil's northeast hit hard in recent years by outbreaks of dengue, a painful tropical...
  
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• Coca-Cola buys stake in Nigerian juice and dairy firm Chi

  30-01-2016 12:46
  
  LAGOS, Jan 30 (Reuters) - The Coca-Cola Company has bought a 40-percent stake in Nigerian juice and dairy firm Chi Ltd from unlisted European firm TGI Group, both companies said in a statement on...
  
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• UPDATE 1-Pakistan's central bank keeps interest rate at 6 pct

  30-01-2016 12:20
  
  KARACHI, Jan 30 (Reuters) - Pakistan's central bank kept its benchmark policy rate unchanged at 6 percent on Saturday, the State Bank of Pakistan governor told a news conference, citing lower...
  
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• Pakistan inflation to remain at 3-4 pct in 2016 -central bank governor

  30-01-2016 11:48
  
  KARACHI, Jan 30 (Reuters) - Pakistan's consumer inflation rate is expected to remain between 3 percent and 4 percent in the 2016 financial year, the State Bank of Pakistan Governor Ashraf Mahmood...
  
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• Pakistan's central bank keeps main policy interest rate at 6 pct

  30-01-2016 11:36
  
  KARACHI, Jan 30 (Reuters) - Pakistan's central bank kept its benchmark policy rate unchanged at 6 percent on Saturday, the State Bank of Pakistan governor Ashraf Mahmood Wathra said at a news...
  
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• Nigerian interbank rate falls on increased liquidity

  30-01-2016 09:20 via news.yahoo.com
  
  Traders said the central bank injected around 331 billion naira ($1.66 billion) in matured open market operation (OMO) treasury bills into the banking system on Thursday, while additional naira from the budget and refunds from deposits for foreign exchange purchases are expected to hit the system by close of business on Friday. Nigeria, Africa's biggest economy, distributes revenues from oil exports and taxes among its three tiers of government -federal, state and local- on a monthly basis, with
  
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• UPDATE 2-Toyota may halt Japan car output in Feb due to steel shortage

  30-01-2016 08:05
  
  * Explosion at Aichi Steel's Chita plant affects steel supply
  
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• India's Jaitley pushes GST, reassures on back taxes

  30-01-2016 07:35
  
  NEW DELHI, Jan 30 (Reuters) - Indian Finance Minister Arun Jaitley said on Saturday he hoped the opposition Congress party will come round to backing a proposed Goods and Services Tax (GST) that it...
  
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• INSIGHT-Did Brazil, global health agencies fumble Zika response?

  30-01-2016 07:00
  
  Rio de Janeiro, Jan 30 (Reuters) - Last January, long lines formed outside health clinics in Recife, a city in Brazil's northeast hit hard in recent years by outbreaks of dengue, a painful tropical...
  
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• Mexico's ICA says aims to resolve contract row with APM Terminals

  30-01-2016 06:28
  
  MEXICO CITY, Jan 29 (Reuters) - Mexican construction company ICA said on Friday it was seeking to resolve a conflict over a canceled port terminal contract with APM Terminals, part of Denmark's A.P....
  
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• Toyota may halt Japan car output in Feb due to steel shortage -reports

  30-01-2016 04:04
  
  TOKYO, Jan 30 (Reuters) - Toyota Motor Corp is considering shutting all its domestic car manufacturing plants for at least a week from Feb. 8 due to steel shortage following an explosion at its group...
  
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• UPDATE 5-Operations being restored at New York-area ports after shutdown

  30-01-2016 02:31
  
  NEW YORK, Jan 29 (Reuters) - Operations at New York and New Jersey's cargo terminals were being restored on Friday night after more than a thousand longshoremen walked off the job earlier in the day,...
  
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• UPDATE 1-Pricing worries prompt reviews of U.S. cattle markets

  30-01-2016 01:42
  
  SAN DIEGO, Jan 29 (Reuters) - A proposal for an online auction that could shake up the U.S. pricing model for cattle made its public debut on Friday after a secret test run last week, with the...
  
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• Swiss prosecutors request Malaysian help in graft probe

  30-01-2016 01:25 via news.yahoo.com
  
  Swiss prosecutors on Friday requested assistance from Malaysian authorities in investigating massive theft from a state-owned firm at the centre of a graft scandal. Swiss investigators believe around $4 billion has been stolen from Malaysian state-owned companies, funding that was earmarked for economic and social development projects in Malaysia. "A small portion" of the cash was transferred into Swiss accounts held by former Malaysian officials as well as current and former officials from the
  
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• UPDATE 2-Facebook to prohibit private firearm transactions on its service

  30-01-2016 01:11
  
  WASHINGTON, Jan 29 (Reuters) - Facebook Inc prohibited global users from coordinating person-to-person private sales of firearms on its online social network and its Instagram photo-sharing service...
  
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• Klarman's Baupost fund posts 2015 losses due to energy firms

  30-01-2016 00:43
  
  NEW YORK/BOSTON (Reuters) - Billionaire investor Seth Klarman, whose Baupost Group hedge fund ranks among the world's largest and most admired, told clients he lost money last year, in part because...
  
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• Japan introduces negative interest rate to boost economy

  30-01-2016 00:30 via news.yahoo.com
  
  TOKYO (AP) — The Bank of Japan on Friday said it will charge lenders that leave too much cash on idle deposit with it, introducing a negative interest rate policy for the first time as it seeks to shore up a stumbling economic recovery.
  
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• Fed's Williams says sees 'smidgen' slower rate hikes

  30-01-2016 00:07 via news.yahoo.com
  
  The Federal Reserve probably needs to keep U.S. interest rates lower for longer given headwinds from weak global economic growth, a stronger dollar and an unexpectedly sustained drop in oil prices, a top Fed official suggested on Friday. San Francisco Federal Reserve Bank President John Williams told reporters he now sees slightly slower growth, slightly higher unemployment, and about a tenth of a percent lower inflation this year than he had expected in December, when the Fed raised rates for t
  
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• UPDATE 1-Fed's Williams says sees 'smidgen' slower rate hikes

  30-01-2016 00:00
  
  SAN FRANCISCO, Jan 29 (Reuters) - The Federal Reserve probably needs to keep U.S. interest rates lower for longer given headwinds from weak global economic growth, a stronger dollar and an...
  
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