Finance Ministry News
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Updated 34 minutes ago
Gyula Horn, a former Hungarian prime minister who helped trigger events that led to the fall of the Berlin Wall when he symbolically cut the Iron Curtain in 1989, has died. He was 80.
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Updated 1 hour, 56 minutes ago
The risk of investing in Peruvian debt is rising as investors weigh the possibility that Finance Minister Miguel Castilla will resign from office, Barclays Plc said.
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Orascom Telecom Holding SAE, the Egyptian wireless carrier, withdrew its request for regulatory approval to acquire Wind Mobile, forcing the Canadian operator to review its investment options.
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European Union nations are weighing whether globally systemic banks should be forced to meet common minimum rules on issuing unsecured debt and other liabilities that could be written down by regulators in a crisis.
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Updated 35 minutes ago
Cisco Systems Inc. will make Israel the world’s first fully digital country with a fiber-optic network to serve multiple requirements, showcasing technology that other nations may adopt, its chief executive officer said.
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The lowest inflation since the brink of the Kennedy-era economic boom in the 1960s is buying time for Federal Reserve Chairman Ben S. Bernanke to press on with the central bank’s $85 billion in monthly bond purchases.
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The ruble slid for a second day on weaker-than-forecast economic data as Russia canceled its second bond sale this month and the central bank chairman warned capital outflow remains “abnormally high.”
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Updated 41 minutes ago
Alpine Holding GmbH, the Austrian builder owned by Fomento de Construcciones & Contratas SA, started a 2.56 billion-euro ($3.4 billion) insolvency today, the country’s biggest failure since World War II.
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The nine-cent increase in bus fares in Sao Paulo is coming to symbolize everything that’s wrong with Latin America’s largest economy -- for protesters and bondholders alike.
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Updated 27 minutes ago
Russia scrapped a sale of 15-year ruble bonds, the second time it has canceled an auction this month, citing a lack of bids within the offered yield range.
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