Czech Republic News
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Euro adoption would give the Czech Republic better protection against market speculators such as billionaire George Soros, President Milos Zeman said.
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U.S. stocks rebounded from yesterday’s drop and the Dollar Index rose to the highest level since July 2010 as better-than-estimated economic data fueled speculation the Federal Reserve will consider scaling back stimulus. Gold extended its longest slump in four years.
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New World Resources Plc, the largest producer of steelmaking coal in the Czech Republic, jumped the most in 11 months in Prague trading after announcing plans to rein in expenses.
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Hungary’s economy posted quarterly growth in the first three months of the year for the first time since 2011, supporting Prime Minister Viktor Orban’s quest to avoid European Union funding cuts.
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Molson Coors Brewing Co.’s margins across Central and Eastern Europe will be boosted by new “higher” value products and premium brands, the company’s chief executive officer said.
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Turkey paid its last loan installment to the International Monetary Fund after a 52-year relationship, a triumph for Prime Minister Recep Tayyip Erdogan as government debt falls even as private borrowing surges.
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Under shellfire on Christmas Eve 1991, 13-year-old Maja Biloglav fled Zadar by boat at night, sent away by her parents as the Yugoslav army surrounded the Adriatic town following Croatia’s declaration of independence.
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France’s frustration with Europe has soared as French attitudes diverge from German public opinion, a Pew Research Center report shows.
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Emerging stocks reversed earlier gains as commodity producers paced losses in Brazil’s Ibovespa, overshadowing a surprise interest rate cut in South Korea. Turkey’s benchmark measure slumped from a record-high.
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Slowing inflation and the rand’s recovery this quarter have traders giving South African Reserve Bank Governor Gill Marcus better-than-even odds of emulating her peers in Europe and Australia in cutting interest rates.
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