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Russia to empty one of its sovereign funds next year - ministry proposal
Russia will exhaust one of its two sovereign funds next year, according to a finance ministry proposal seen by Reuters, having by that point run through $87 billion since the beginning of 2014 to fill holes in the budget left by a slump in oil prices.
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Oil eases as weak demand tempers bullish Saudi energy minister comments
Oil prices eased on Monday after comments by Saudi Energy Minister Khaled Al-Faleh that the market was heading towards balance were tempered by signs of slowing demand in Asia.
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We need to sell Britain to the world, Osborne says, eyeing China
British finance minister George Osborne will put more effort into Britain's relationship with China and lead another trade visit later this year, following Britain's decision to leave the European Union, the Financial Times reported.
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Goldman, Morgan Stanley deny plans for Frankfurt office switch after Brexit
U.S. investment banks Goldman Sachs (GS.N) and Morgan Stanley (MS.N) have denied speculation they are poised to shift London-based staff and operations to Frankfurt as soon as Britain's divorce proceedings from the European Union formally begin.
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UK minister says EU single market access is top goal, businesses decry lack of plan
Securing access to the European Union's single market is the top goal in Brexit negotiations, Britain's business minister said on Tuesday, as a business group warned the government was a long way from having a clear plan for its future ties with the bloc.
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Post-Brexit global equity loss of over $2 trillion worst ever: S&P
The $2.08 trillion wiped off global equity markets on Friday after Britain voted to leave the European Union was the biggest daily loss ever, trumping the Lehman Brothers bankruptcy during the 2008 financial crisis and the Black Monday stock market crash of 1987, according to Standard & Poor's Dow Jones Indices.
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Sterling, global stocks rise as markets bet Britain will remain in EU
Sterling climbed to a 2016 high and global stocks rallied as investors bet Britons were likely to vote to remain in the European Union.
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EU agrees extending Russia economic sanctions, formal decision pending: sources
The European Union's Brussels envoys agreed on Tuesday to extend until the end of January the energy, financial and defense sanctions on Russia over the conflict in Ukraine, but formal approval is still pending, diplomatic sources said.
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