Finance news

• EMERGING MARKETS-Brazil real weakens on profit-taking after recent rally

  21-10-2016 23:54
  
  (Updates prices)SAO PAULO, Oct 21 (Reuters) - The Brazilian real weakened on
  Friday as traders booked profits from the currency's recent
  gains.The real weakened 0.69 percent to close at...
  
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• BRIEF-Slyce appoints special committee and secures interim financing

  21-10-2016 23:53
  
  * Says special committee has been formed to review and
  assess strategic options
  
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• TSX rises to 16-month high, led by resource shares

  21-10-2016 23:15 via news.yahoo.com
  
  By Fergal Smith TORONTO (Reuters) - Canada's main stock index rose to a 16-month high on Friday as shares of energy and materials companies led broad-based gains and investors raised bets on a rate cut from the Bank of Canada. For the week, the commodity-linked TSX rose 2.4 percent, helped by a 15-month high on Wednesday for U.S. crude oil. "People might be speculating that if the loonie goes on another down-leg that could help the Canadian economy again," said Colin Cieszynski, senior market an
  
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• Dollar hits eight-month high; stocks post weekly gain

  21-10-2016 22:34 via news.yahoo.com
  
  The dollar rose to its highest since early February against a basket of currencies on Friday as investors increased bets on higher U.S. interest rates, while a measure of world stocks posted its first weekly gain in four weeks despite some soft U.S. corporate results. On Wall Street, energy and healthcare stocks weighed on the S&P 500 and Dow, but Microsoft touching an all-time high moved the Nasdaq to positive territory.
  
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• Dollar hits eight-month high; global stocks post weekly gain

  21-10-2016 22:34 via news.yahoo.com
  
  By Dion Rabouin NEW YORK (Reuters) - The dollar rose to its highest since early February against a basket of currencies on Friday as investors increased bets on higher U.S. interest rates, while a measure of world stocks posted its first weekly gain in four weeks despite some soft U.S. corporate results. On Wall Street, energy and healthcare stocks weighed on the S&P 500 and Dow, but Microsoft touching an all-time high moved the Nasdaq to positive territory.
  
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• UPDATE 3-McDonald's U.S. sales revive amid stiff competition

  21-10-2016 22:26
  
  Oct 21 (Reuters) - McDonald's Corp's turnaround
  remained on track in the latest quarter despite intense
  competition in the United States, helped by all-day breakfast,
  "McPick" value promotions and...
  
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• BRIEF-Midstates Petroleum emerges from bankruptcy

  21-10-2016 22:22
  
  * Midstates Petroleum Company Inc - Midstates' new capital
  structure consists of a $170 million first lien revolving credit
  facility maturing in 2020.
  
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• Wall Street ends little changed; Microsoft hits record

  21-10-2016 22:19 via news.yahoo.com
  
  The S&P 500 and the Dow were little changed and the Nasdaq advanced on Friday as a record day for Microsoft and earnings from McDonald's helped offset a fall in energy and healthcare shares. General Electric , often seen as an economic bellwether, weighed on the market as the industrial conglomerate's posted results that topped expectations but cut its full-year revenue target to send shares down 0.9 percent after it touched an 8-month low of $28.33. "The dollar is getting stronger, that is
  
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• New Jersey, Alaska deals will lead big week in muni supply

  21-10-2016 21:20
  
  (Reuters) - U.S. municipal market supply will likely be among the highest in a decade when an estimated $16.7 billion of bonds and notes goes up for sale next week, lead by deals from New Jersey and...
  
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• Wall Street flat as Microsoft rallies

  21-10-2016 20:52 via news.yahoo.com
  
  NEW YORK (Reuters) - The S&P 500 and the Dow were little changed and the Nasdaq advanced on Friday, as a record-setting rally in Microsoft and earnings from McDonald's helped offset a fall in energy and healthcare names.
  
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• Venezuela on edge after anti-Maduro referendum blocked

  21-10-2016 20:46 via news.yahoo.com
  
  By Andrew Cawthorne CARACAS (Reuters) - Outraged opposition leaders vowed peaceful protests on Friday after a failed drive to remove socialist leader President Nicolas Maduro who warned his foes not to "go crazy." The election board's suspension of the recall referendum leaves Hugo Chavez's successor on track to complete his term, which ends in early 2019, despite the OPEC nation's crushing economic crisis and his own personal unpopularity. It also deals a massive blow to the opposition coalitio
  
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• Portugal keeps access to EU financial help

  21-10-2016 20:29 via news.yahoo.com
  
  Portugal kept its much-needed access to EU financial help Friday after a European Central Bank-approved credit agency maintained its rating of Portuguese debt at investment grade level. Toronto-based DBRS announced it had kept Portugal's rating at "BBB" level, with a "stable" perspective. "The rating reflects Portugal's eurozone membership and its adherence to the EU economic governance framework, which helps foster credible macroeconomic policies," it said in a statement.
  
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• Dollar hits eight-month high; global stocks set for weekly gain

  21-10-2016 20:21 via news.yahoo.com
  
  By Dion Rabouin NEW YORK (Reuters) - The dollar rose to its highest since Feb. 3 against a basket of currencies on Friday as investors increased bets on higher U.S. interest rates, while a measure of world stocks looked set for its first weekly gain in four weeks despite some soft U.S. corporate results. On Wall Street, energy and healthcare stocks weighed on the S&P 500 and Dow, but Microsoft at all-time highs kept the Nasdaq in positive territory. "If companies cannot beat estimates in thi
  
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• Dollar hits eight-month high; stocks set for weekly gain

  21-10-2016 20:20 via news.yahoo.com
  
  The dollar rose to its highest since Feb. 3 against a basket of currencies on Friday as investors increased bets on higher U.S. interest rates, while a measure of world stocks looked set for its first weekly gain in four weeks despite some soft U.S. corporate results. On Wall Street, energy and healthcare stocks weighed on the S&P 500 and Dow, but Microsoft at all-time highs kept the Nasdaq in positive territory.
  
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• Dollar hits 8-month high; stocks set for weekly gain

  21-10-2016 20:19 via news.yahoo.com
  
  By Dion Rabouin NEW YORK (Reuters) - The dollar rose to its highest since Feb. 3 against a basket of currencies on Friday as investors increased bets on higher U.S. interest rates, while a measure of world stocks looked set for its first weekly gain in four weeks despite some soft U.S. corporate results. On Wall Street, energy and healthcare stocks weighed on the S&P 500 and Dow, but Microsoft at all-time highs kept the Nasdaq in positive territory. "If companies cannot beat estimates in thi
  
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• Venezuela thwarts anti-Maduro referendum, foes protest

  21-10-2016 19:47 via news.yahoo.com
  
  By Andrew Cawthorne CARACAS (Reuters) - Outraged opposition leaders vowed on Friday to focus their battle to remove socialist President Nicolas Maduro on peaceful street protests after judicial and electoral authorities shot down their drive for a referendum against him. The suspension of the opposition's push for a plebiscite leaves Hugo Chavez's successor on track to complete his term, which ends in early 2019, despite the OPEC nation's crushing economic crisis and his own personal unpopularit
  
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• Wall Street Journal offers all news employees option to take buyouts: memo

  21-10-2016 19:21 via news.yahoo.com
  
  "We are seeking a substantial number of employees to elect this benefit, but we reserve the right to reject a volunteer based on business considerations," wrote Gerard Baker, the newspaper's editor in chief. A spokeswoman at Dow Jones declined to comment. Earlier this week, Dow Jones & Co Chief Executive William Lewis announced a three-year plan to cut costs in response to a decline in print advertising.
  
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• Czech president accused of scrapping Holocaust survivor medal due to Dalai Lama

  21-10-2016 18:53 via news.yahoo.com
  
  By Robert Muller PRAGUE (Reuters) - Czech President Milos Zeman decided against awarding a state medal to a Holocaust survivor after the man's nephew, a Czech government minister, met exiled Tibetan leader the Dalai Lama against the president's wishes, the minister said on Friday. The Czech Republic has been engulfed in political furor over the Dalai Lama's meetings this week with Culture Minister Daniel Herman against the wishes of the Chinese government - which sees the Dalai Lama as a separat
  
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• Health, energy stocks hit Wall St, Microsoft lifts Nasdaq

  21-10-2016 18:43 via news.yahoo.com
  
  (Reuters) - The S&P 500 and the Dow came off session lows in early afternoon on Friday, but continued to be weighed down by energy and healthcare stocks, while a record-setting rally in Microsoft kept the Nasdaq in positive territory.
  
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• BRIEF-OmniTRAX Logistics Services acquires assets of Terracor Group

  21-10-2016 18:24
  
  * Omnitrax logistics services acquires assets of terracor
  group
  
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• Canada walks out of trade talks with "incapable" EU

  21-10-2016 18:14 via news.yahoo.com
  
  By Philip Blenkinsop BRUSSELS (Reuters) - Canada's trade minister walked out of talks in Belgium on Friday, declaring that the European Union was incapable of sealing a planned transatlantic free trade deal designed to boost growth in both economies. All 28 EU governments support the Comprehensive Economic and Trade Agreement (CETA), but Belgium cannot give assent without backing from its five sub-federal administrations, and French-speaking Wallonia has steadfastly opposed it.
  
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• Britain's FTSE steadies near one-week high; BAT slips

  21-10-2016 18:01
  
  LONDON, Oct 21 (Reuters) - Britain's top share index
  steadied at the close on Friday after hitting a one-week high,
  with stronger miners following a rally in metals prices
  offsetting weaker companies...
  
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• Angola unveils $44 bln 2017 budget, sees economic growth of 2.1 percent

  21-10-2016 18:01 via news.yahoo.com
  
  LUANDA (Reuters) - Angola, which has been hard hit by depressed oil prices, on Friday unveiled a 2017 budget of 7.3 trillion kwanza ($44.22 billion) with a budget deficit of 5.9 percent of gross domestic product. Aia–Eza Silva, the budget state secretary, told reporters the budget forecasts sub-Saharan Africa's third-largest economy to grow 2.1 percent next year compared with estimates of 1.3 percent this year, and is based on an average crude oil price in 2017 of $46 a barrel. Angola, whi
  
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• SunEdison creditors launch lawsuit against lenders in bankruptcy battle

  21-10-2016 17:47
  
  NEW YORK, Oct 21 (Reuters) - A group of SunEdison Inc
  lenders took control of the renewable energy
  developer after inking a "sweetheart deal" to try to save their
  investment as the company...
  
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• S&P, Dow fall with health stocks; Microsoft lifts Nasdaq

  21-10-2016 17:36 via news.yahoo.com
  
  The S&P 500 and the Dow were dragged down on Friday by energy and healthcare stocks, while a record-setting rally in Microsoft kept the Nasdaq in positive territory. Also denting sentiment was the persistent strength in the dollar, which affects the overseas income for companies.
  
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• N.Y. Fed lowers U.S. third and fourth quarter GDP outlook

  21-10-2016 17:34 via news.yahoo.com
  
  The New York Federal Reserve on Friday downgraded its forecasts on U.S. economic growth in the second half of 2016 following data on regional business activities in October and a steep drop in housing starts last month. The regional central bank said its "Nowcast" model projected gross domestic product in the third quarter growing at 2.22 percent versus 2.30 percent a week ago.
  
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• AT&T in advanced talks to buy Time Warner - WSJ

  21-10-2016 17:22 via news.yahoo.com
  
  (Reuters) - AT&T Inc is in advanced talks to acquire media conglomerate Time Warner Inc, and a deal could come as early as this weekend, the Wall Street Journal reported. (http://on.wsj.com/2eOTDjH) AT&T and Time Warner were not immediately available for comment. Time Warner's shares were up 8.2 percent at $89.77. Bloomberg reported on Thursday that executives of both the companies had discussed various business strategies, including a possible merger, in recent weeks. (Reporting by Anya
  
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• Credit Suisse reaches 109.5 mln euro settlement in Italy

  21-10-2016 16:27
  
  MILAN/ZURICH (Reuters) - Credit Suisse has agreed to pay 109.5 million euros ($119 million) in taxes and penalties to settle allegations by Italian authorities that it helped clients transfer...
  
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• KKR reaps reward from going it alone

  21-10-2016 16:26
  
  NEW YORK, Oct 21 (IFR) - When private equity firm KKR & Co
  set its sights on a small Midwestern retailer in late 2015, it
  turned to some of the largest banks on Wall Street to obtain
  debt financing...
  
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• S&P, Dow open lower as GE drags; Nasdaq flat

  21-10-2016 15:35 via news.yahoo.com
  
  (Reuters) - The S&P 500 and the Dow opened lower on Friday as GE disappointing forecast weighed on industrial stocks and the dollar rose to a seven-month high, while the Nasdaq was little changed as Microsoft rallied.
  
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• 'Diva of Distressed' Tilton to face SEC fraud trial

  21-10-2016 15:15
  
  NEW YORK (Reuters) - Financier Lynn Tilton is set to go on trial next week before an administrative law judge on U.S. Securities and Exchange Commission charges she defrauded investors by hiding the...
  
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• Wall St. set to open lower, weighed down by GE

  21-10-2016 14:55 via news.yahoo.com
  
  Microsoft's stock was set to open up 6.1 percent at an all-time high of $60.75 after the company said sales at its flagship cloud business doubled in the latest quarter. McDonald's rose 3.10 percent after the fast-food chain reported better-than-expected quarterly revenue and profit. "Although earnings have been coming in mixed, GE's comments of a sluggish economy is causing investors to take a step back," said Andre Bakhos, managing director at Janlyn Capital in Bernardsville, New Jersey.
  
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• McDonald's sales rise 1.3 percent at US stores

  21-10-2016 14:53 via news.yahoo.com
  
  OAK BROOK, Ill. (AP) — McDonald's says sales rose 1.3 percent at established U.S. locations in the third quarter, matching what Wall Street analysts expected.
  
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• Stock futures dip as investors assess earnings

  21-10-2016 13:30 via news.yahoo.com
  
  (Reuters) - The S&P and Dow futures were slightly lower on Friday as GE trimmed its full-year forecast, while Microsoft's premarket rally limited losses on Nasdaq futures.
  
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• BRIEF-Jes International responds to SGX queries

  21-10-2016 13:27
  
  * Jes international- "barring filing of bankruptcy of
  vendors and any unforeseen circumstances, company is confident
  of recovering prepayment"
  
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• Burberry shares spike on report of Coach merger interest

  21-10-2016 13:07
  
  LONDON, Oct 21 (Reuters) - Burberry shares rose nearly 5 percent in
  solid volumes after financial blog Betaville said, citing sources, that rival
  U.S. luxury goods company Coach was working with...
  
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• Three private equity groups shortlisted in Xella sale: sources

  21-10-2016 12:29
  
  FRANKFURT (Reuters) - Bain, Apollo and Lone Star have been shortlisted in the sale of building materials maker Xella, a potential 2 billion euro($2.18 billion) deal, according to several people...
  
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• Duterte didn't really mean 'separation' from U.S., Philippine officials say

  21-10-2016 12:10 via news.yahoo.com
  
  The Philippines will maintain trade and economic ties with the United States and the West, Trade Minister Ramon Lopez said on Friday, a day after President Rodrigo Duterte announced his "separation" from Washington. Duterte made his comments in Beijing, where he was paving the way for what he calls a new commercial alliance as relations with long-time ally Washington deteriorate. "America has lost now," Duterte told Chinese and Philippine business people at a forum in the Great Hall of the Peopl
  
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• EU, Canada press Belgian region to accept free trade deal

  21-10-2016 11:57 via news.yahoo.com
  
  By Philip Blenkinsop BRUSSELS (Reuters) - Canada's trade minister and a European Union negotiator held urgent talks with the premier of the Belgian region of Wallonia on Friday to try and break a deadlock preventing EU nations signing an EU-Canadian free trade deal. All 28 EU governments support the Comprehensive Economic and Trade Agreement (CETA), but Belgium cannot give assent without backing from five sub-federal administrations, and French-speaking Wallonia has steadfastly opposed it. Wallo
  
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• Philippines says just doesn't want to be dependent on the U.S. and West

  21-10-2016 11:45 via news.yahoo.com
  
  The Philippines will not renege on treaties and agreements with established allies even as it pulls away from dependence on the United States and the West, President Rodrigo Duterte's spokesperson said on Friday. Ernesto Abella said Duterte's announcement that Manila would "separate" from the United States was a "restatement of his position on charting an independent foreign policy". Duterte wanted to "separate the nation from dependence on the U.S. and the West and rebalance economic and milita
  
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• Rise in British American Tobacco shares supports FTSE 100

  21-10-2016 11:35
  
  LONDON, Oct 21 (Reuters) - UK shares steadied on Friday,
  boosted by British American Tobacco after it bid for
  U.S. rival Reynolds American, while profit warnings from
  mid-sized companies added a note...
  
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• South Africa's Lewis Group flags lower half-year profit, shares slide

  21-10-2016 11:21 via news.yahoo.com
  
  South African furniture retailer Lewis Group expects a drop in half-year earnings of up to 45 percent as its less affluent customers face tough economic conditions, the company said on Friday, sending its shares down. Lewis said headline earnings per share (HEPS) for the six months ended September will be between 210 cents and 177 cents, compared with 322.6 cents last year. Headline EPS is the main profit gauge in South Africa that strips out certain one-off items.
  
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• Mali allows Randgold's offices to reopen amid tax dispute

  21-10-2016 11:21 via news.yahoo.com
  
  BAMAKO (Reuters) - Mali's government allowed the offices of companies controlled by Randgold Resources in the capital Bamako to reopen on Friday, an economy ministry official said, after it shut them two weeks ago over a tax dispute. "The minister ordered the reopening of the offices yesterday evening. Employees are returning to work this morning," Mohamed Lamine Samake, a technical adviser at the ministry, said. Discussions to resolve the dispute will begin on Monday, he said. Randgold, which h
  
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• World stocks drift as investors factor in Fed rate hike

  21-10-2016 10:44 via news.yahoo.com
  
  HONG KONG (AP) — World stock markets drifted Friday as investors increasingly factored in a Fed rate hike soon, based on the brightening U.S. corporate and economic outlook.
  
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• BRIEF-Swissco Holdings receives notice from notes trustee

  21-10-2016 10:28
  
  * Received a notice from db international trust (singapore)
  limited, in its capacity as notes trustee
  
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• BRIEF-Property tax changes to have significant impact on China World Trade Center's bottomline

  21-10-2016 10:20 via news.yahoo.com
  
  Oct 21 (Reuters) - China World Trade Center Co Ltd * Says changes in property tax will reduce its 2016after-tax profit by 50 million yuan ($7.40 million) * Says changes in property tax will bring significant impacton its operating cash flow Source text in Chinese: http://bit.ly/2emSS01 Further company coverage: ($1 = 6.7593 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)
  
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• Philippine minister 'clarifies' Duterte comments, says trade with U.S. safe

  21-10-2016 10:10 via news.yahoo.com
  
  The Philippines will maintain trade and economic ties with the United States, Trade Minister Ramon Lopez said on Friday, a day after President Rodrigo Duterte announced his "separation" from Washington. Duterte made his comments in Beijing, where he was paving the way for what he calls a new commercial alliance as relations with long-time ally Washington deteriorate. "With that, in this venue, your honors, in this venue, I announce my separation from the United States," Duterte told Chinese and
  
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• BRIEF-Monte dei Paschi shares halted after rising 10 pct

  21-10-2016 09:08
  
  * According to Il Sole 24 Ore on Friday, sovereign wealth
  funds from Qatar and other Gulf states have begun a more
  in-depth analysis of the bank, naming advisors.
  Further company coverage:
  ...
  
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• E-Class sedan, SUVs boost earnings at Germany's Daimler

  21-10-2016 08:18 via news.yahoo.com
  
  FRANKFURT, Germany (AP) — German automaker Daimler AG says stronger sales of its technology-loaded Mercedes-Benz E-Class sedan and SUVs helped third-quarter earnings swell by 13 percent.
  
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• Scandal-weary Moldovans may back pro-Russia candidate for president

  21-10-2016 08:13 via news.yahoo.com
  
  By Matthias Williams CHISINAU (Reuters) - The frontrunner in Moldova's presidential race wants to end his country's seven-year flirtation with the European Union and pivot back to Russia amid deep public discontent with a pro-Western ruling elite that has presided over economic turmoil. The ex-Soviet republic is still reeling from a banking scandal last year involving the looting of one billion dollars - the equivalent of an eighth of Moldova's economic output - that highlighted the scale of cor
  
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