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News
Alibaba to transform China's 'e-conomy' with $500 billion marketplace
Alibaba Group's plans to revolutionize China's retail industry, investing $16 billion in logistics and support by 2020, will open up China's vast interior and bring access to hundreds of millions of potential new customers.
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Europe prepares to come clean on hidden bank losses
Euro zone countries will consider on Monday how to pay for the repair of their broken banks after health checks next year that are expected to uncover problems that have festered since the financial crisis.
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South Korea can manage U.S. debt woes, wary on Abenomics
South Korea can cope with a U.S. debt stalemate if it is brief, and welcomes any boost Japan can get from Abenomics - unless Tokyo is using that policy to weaken the yen, the country's finance minister said on Thursday.
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Obama, Republicans aim to end crisis after meeting, hurdles remain
President Barack Obama and Republican leaders appeared ready to end a political crisis that has shuttered much of the U.S. government and pushed the country dangerously close to default after meeting at the White House on Thursday.
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China criticizes U.S. for giving tacit backing to Philippines in sea dispute
China criticized U.S. Secretary of State John Kerry on Friday for giving tacit backing to the Philippines' stance in a tense maritime dispute, stressing again that it rejects Manila's attempt to seek arbitration.
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The real force behind Egypt's 'revolution of the state'
In Hosni Mubarak's final days in office in 2011, the world's gaze focused on Cairo, where hundreds of thousands of protesters demanded the resignation of one of the Arab world's longest serving autocrats.
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China signs second-biggest swap line with ECB
China accelerated plans to internationalize its currency on Thursday by agreeing to swap euros and yuan with the European Central Bank in a deal that is set to be China's second-largest to date.
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Republicans consider short-term U.S. debt ceiling increase
U.S. House of Representatives Republicans are considering signing on to a short-term increase in the government's borrowing authority to buy time for negotiations on broader policy measures, according to a Republican leadership aide.
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