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U.S. tech firm Cisco to invest $10 billion in China expansion
Cisco (CSCO.O) plans to invest more than $10 billion in China along with local business partners over the next several years, the U.S. network equipment maker said on Wednesday, as it seeks to shore up its position against strong domestic rivals.
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Investors too relaxed on 'Grexit' risk, some fund managers warn
Tom Sowanick, a three-decade veteran of the investment business, returned from a trip to Greece this week with a "very sobering view" of its debt crisis: he now expects the country to default on its obligations and leave the euro zone.
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Germany hardens line on Greece after talks collapse
German politicians from across the political spectrum backed Chancellor Angela Merkel's firm line in aid talks with Athens on Monday despite the growing risk of a Greek default that could push it out of the euro zone.
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China to extend economic diplomacy to EU infrastructure fund
China will pledge a multi-billion dollar investment in Europe's new infrastructure fund at a summit on June 29 in Brussels, according to a draft communique seen by Reuters - Beijing's latest round of chequebook diplomacy to win greater influence.
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Italian PM Renzi welcomes Putin but mentions differences
Italian Prime Minister Matteo Renzi welcomed visiting Russian President Vladimir Putin on Wednesday but showed little sign of breaking ranks with international partners over European Union sanctions against Moscow.
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Wall Street edges up slightly as oil prices rise
U.S. stocks rose slightly on Tuesday, bouncing back partially from the previous day's decline as higher oil prices helped energy shares, but the dollar slipped on global economic concerns.
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Close to half of Greeks favor compromise deal with lenders
Close to one in two Greeks is in favor of the government reaching a deal with the country's lenders, and three out of four want to stay in the euro zone, an opinion poll showed on Friday.
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Slide in China's May imports signal need for more stimulus
A bigger-than-expected slide in China's imports in May strengthened expectations more policy stimulus may be needed to avert a sharp slowdown in the world's second-largest economy.
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