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Euro Ministers to Lay Banking Union Cornerstone
Euro zone finance ministers will decide on Thursday when and how their bailout fund can invest in a bank to save it from failure, laying a cornerstone of the banking union seen as vital to restore economic growth. Ministers from the 17 countries using the euro will also set guidelines for how much a government would have to contribute to such a bank rescue, which banks would be eligible, and who ...
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Tennis Players Served Prize Increases
Lower-ranked tennis players will be able to collect more in prize money than ever before at this year's Wimbledon tournament, a development which experts hope will help them to meet the high costs of professional tennis. The sport's top players recognized the disparity in prize money between top ranked and low ranked players and last summer, Roger Federer, Andy Murray, Rafael Nadal and ...
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James Gandolfini He let his characters star
View Photo Associated Press/Stephen Chernin, File - FILE - In this Nov. 8, 2007 file photo, actor James Gandolfini poses during a photo shoot in New York. Gandolfini, whose portrayal of a brutal, emotionally ...
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In northern Iraqi city al-Qaida gathers strength
View Photo Associated Press - FILE - in this file photo taken on Jan. 16, 2012 Iraqi security forces inspect the scene of a car bomb attack outside the northern city of Mosul, 225 miles (360 kilometers) northwest of ...
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Uncle Patriots player had link to homicide victim
BOSTON (AP) -- New England Patriots tight end Aaron Hernandez had a connection to a homicide victim found in an industrial park near the athlete's home, but family and officials were mum on the nature of their relationship, two days after police first visited the upscale ...
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UPDATE 1-UK watchdog details bank capital shortfalls
Thu Jun 20, 2013 2:33am EDT LONDON, June 20 (Reuters) - Lloyds Bank has a capital shortfall of 8.6 billion pounds, Britain's banking regulator said on Thursday, a day after the UK government signalled plans to return the part-state owned lender to the private sector. The Prudential Regulation Authority said the aggregate capital shortfall at UK five banks at the end of 2012 was 27.1 billion ...
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10-year bonus delay for senior bank employees
SENIOR employees at UK banks may face a 10-year wait for bonuses under proposals put forward by a committee investigating the failures of the industry, which also recommended making "reckless" management of lenders a ...
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US sees off Asia to reclaim top spot for most millionaires
About 3.7 million people in North America had at least $1m (EUR750,000) in investable assets in 2012, a jump of 11.5pc according to the 17th annual World Wealth Report. The number of similarly wealth people in the Asia-Pacific region, which overtook North America a year earlier, increased 9.4pc to 3.68 million, boosted by Singapore and Hong Kong. Still, the Asia-Pacific region is expected to ...
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FedEx profits higher than expected but carrier makes US-Asia cuts
FedEx reported a higher-than-expected quarterly profit yesterday, sending its shares higher, but the world's biggest air freight company said it was cutting more capacity between the US and ...
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an old mans lament feels bit rushed
Niall Ferguson has written an old man's book. Not too many years ago, in 'Colossus' (2004), Ferguson was advocating that the US face up to its Imperial destiny. And in 'Civilization: The West and the Rest' (2011) he described how "six killer apps" made the West great. No more Churchill's sunny uplands for us, apparently, as 'The Great Degeneration: ...
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Frances love affair with Europe fading amid claims EU neglected core concerns
Successive Europe-wide polls show that disenchantment with the EU is rising fastest in France, a founder member whose battle to reform its ailing economy has now become the top preoccupation of the 27-nation bloc. Sources of the malaise are many: from the rise of post-unification Germany as a political force in Europe, to the feeling that EU institutions have mishandled the economic crisis and ...
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Eurozone debt crisis not out of the woods yet
Along with just about every other risk asset, the debt of the weaker members of the euro has sold off in recent weeks, hit by rising yields in higher-rated government bonds and a general pullback from bonds. If markets regain their equilibrium, that's all it may turn out to be - a short sell-off in sympathy with global markets. Arguably few markets, however, have as much to lose from an ...
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Dublin gains but EU stocks fall on fears of Feds next move
IRISH stocks were up yesterday, avoiding the losses seen across much of Europe as investors awaited the Federal Reserve's policy meeting and indications on the future of US stimulus ...
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Ryanair eyes up new-generation Boeing 737 Max order
Ryanair said a team that it set up to evaluate Boeing's 737 Max model will report back by the end of September, paving the way for an order that might run to more than 200 of the narrow-body ...
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Summer boost in sales at HM a better fit for investors
H&M's June sales are off to a good start, providing some respite for investors after profits in the first months of the year fell more than expected. Revenues at Europe's second-largest clothing retailer between June 1 to June 17 rose 14pc compared with a year ...
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Vodafone raises offer for German cable firm to €7.5bn
VODAFONE, which has more Irish shareholders than any other company, has intensified its efforts to buy Germany's largest cable company Kabel ...
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George Osborne Renews Backing for Bank Competition
George Osborne renewed his commitment to promote more competition in retail banking on Wednesday and asked the UK's antitrust regulator to assess what effect mandatory branch sales ...
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Refugees Still in Tents IKEA Has a New Idea
Nothing says misery like a hot tent in a refugee camp. That's especially true when a family spends year after year under a triangle of canvas meant to last only six months. More than six decade after the United Nations passed a convention pledging to protect refugees, very little has changed about the way they are sheltered - until now. The IKEA Foundation, the philanthropic arm of the ...
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AP PHOTOS The career of James Gandolfini
View Photo Associated Press/HBO, Will Hart, File - This undated photo, provided by HBO, shows James Gandolfini, as Tony Soprano, left, Robert Iler, as Anthony Soprano Jr., right, and Edie Falco as Carmela Soprano in ...
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Blackhawks lead Bruins 4-3 after 2nd of Game 4
View Photo Associated Press/Elise Amendola - Chicago Blackhawks left wing Brandon Saad, center, celebrates a goal by Blackhawks center Michal Handzus, right, in front of Boston Bruins defenseman Zdeno Chara (33) ...
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UPDATE 4-Actor James Gandolfini star of The Sopranos dies in Italy
Wed Jun 19, 2013 10:54pm EDT (Adds actor's planned attendance at Sicily film festival, more reaction) By Piya Sinha-Roy and Steve Gorman LOS ANGELES, June 19 (Reuters) - James Gandolfini, the burly actor best known for his Emmy-winning portrayal of a conflicted New Jersey mob boss in the groundbreaking cable TV series "The Sopranos," died on Wednesday vacationing in Italy. He was ...
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Euro ministers to decide direct bank recapitalisation rules on Thursday
By Jan StrupczewskiBRUSSELS (Reuters) - Euro zone finance ministers will decide on Thursday when and how their bailout fund can invest in a bank to save it from failure, laying a cornerstone of the banking union seen as vital to restore economic growth.Ministers from the 17 countries using the euro will also set guidelines for how much a government would have to contribute to such a bank rescue, ...
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Body found near Patriots home was homicide victim
State police returned to the home of New England Patriots tight end Aaron Hernandez on Wednesday, two days after a body was found about a mile ...
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10 Things to Know for Thursday
KERRY TRIES TO GET AFGHAN TALKS BACK ON TRACK He calls Karzai twice in 24 hours, trying to sooth the Afghan leader's anger over the Taliban's high-profile opening of an office in Qatar. 4. STUDENTS, TAKE NOTE A compromise taking shape in the Senate would prevent interest rates on student loans from doubling on July 1. 5. HOW OBAMA PLANS TO WIELD HIS EXECUTIVE POWERS Fulfilling a ...
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Few options for Brazil leader in face of protests
President Dilma Rousseff has tried to placate the largely middle-class crowds by supporting their right to protest, and the Sao Paulo municipal government has rescinded the 10-cent hike in bus and subway fares that sparked the demonstrations in the first place. But as the protests grow even bigger, with two major marches called for Thursday, the Brazilian government seems at a loss over how to ...
Europe Focus
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US nuclear missles in Europe remain poised for a war that will never come
The United States and Russia recently signed a new landmark nuclear non-proliferation treaty called START in March and the US in early May followed up its non-proliferation goals by making the unprecedented step of publicly declaring how many nuclear weapons it had – just over 5,113 in total, though many of them are in storage and would take time to be deployed.
That is a vast reduction compared to the total arsenal the country possessed at the height of the Cold War in 1967, the number at that time was 31,225, according to reports by European news media. Read more
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