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Oil slides but bets on ECB action lift Europe shares
Oil prices slid on Tuesday to their lowest in almost six years, but European shares rose as investors focused on expectations that policymakers would soon take action to prevent the euro zone slipping into deflation.
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EU sanctions on Russia depend on Ukraine truce
The European Union will consider lifting sanctions on Russia over the Ukraine crisis only if there is "real progress" in implementing a four-month-old ceasefire deal, Latvia's foreign minister said on Monday.
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China slams Philippines for criticizing island project in South China Sea
China on Monday hit back at the Philippines for criticizing Beijing's ongoing reclamation project in the disputed South China Sea, saying that its actions were within the scope of Chinese sovereignty.
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China central bank to maintain 'prudent' monetary policy in 2015
The People's Bank of China will continue to maintain "prudent" monetary policy in 2015, keeping credit growth stable while having its hands free to fine-tune policy when necessary, the regulator said in an online statement on Friday.
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Leader of Latvia's Russian-speakers fears sanctions backfiring
It's not so much the risk of conflict with Russia that worries the mayor of the Latvian capital Riga; it's the threat to jobs and investment as EU sanctions on Moscow rebound on the economy of the Baltic state.
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ECB risks undermining QE if it opts for compromise plan
The ECB is considering three main options for pumping money into the struggling euro zone economy but two of them could hurt confidence in the bloc's most indebted states, defeating the object of the exercise.
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China central bank to maintain 'prudent' monetary policy in 2015
The People's Bank of China will continue to maintain "prudent" monetary policy in 2015, keeping credit growth stable while having its hands free to fine-tune policy when necessary, the regulator said in an online statement on Friday.
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Car makers pay to keep Chinese dealers happy as market slows
After years of outsized growth that turned China into the world's biggest car market, a slowdown is exacerbating tensions between global automakers and local car dealers, with smaller margins leading to tougher negotiations over sharing profits.
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