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As euro nears dollar parity, how much further will it decline?

[2015-03-13 08:52]

The euro is notching one milestone after another as it drops against major currencies. On Wednesday, it hit a 12-year low against the dollar and many think its descent has further to go.

UK banks breathe easier as cut looms

[2015-03-13 08:52]

As Britons prepare for the Bank of England to end six years of record-low borrowing costs, lenders may be breathing a sigh of relief.

Billionaire Bren is secret owner of NY's MetLife building

[2015-03-13 08:52]

The owner of the MetLife Building, one of Manhattan's most well-known skyscrapers, is not who most people think.

Nation plans cross-border payment mechanism

[2015-03-12 08:24]

New interbank system to increase global use of Chinese currency, reduce transaction costs

Underground gas storage 'key to energy security'

[2015-03-12 08:24]

Underground natural gas storage capacity should be expanded to increase the nation's strategic energy reserves and ensure supply, said a senior official from China Petrochemical Corp (Sinopec), the country's biggest refiner.

SGE to start gold fix denominated in yuan this year

[2015-03-12 08:24]

The Shanghai Gold Exchange will try to start offering the renminbi-denominated gold-fixing price this year, as an alternative to the dollar-denominated gold-fixing in London, a top bourse official said on Wednesday.

Macrolink to invest $3.2b on overseas ventures

[2015-03-12 08:24]

Riding the rising wave of investing overseas, Macrolink Group, a leading private enterprise in China, is expected to invest as much as 20 billion yuan ($3.2 billion) in the next three years to tap the tourism and mineral resources abroad.

Cook hails record sales, 'unbelievable' year

[2015-03-12 08:24]

Apple sees significant change in its fortunes from criticism, Icahn's pressure 12 months ago

Dutch quakes rock European gas market

[2015-03-12 08:24]

Dutch communities rattled by earthquakes are upending Europe's energy market.

Tensions mount between Greece, EU

[2015-03-12 08:24]

Ask Greek Finance Minister Yanis Varoufakis about his country's predicament, and you're likely to get a very different response from the one echoing around the euro region.

GE's Immelt earns $37m for 2014 after revamp

[2015-03-12 08:24]

General Electric Co Chief Executive Officer Jeffrey Immelt's compensation almost doubled in 2014 to $37.3 million as his pension soared and he signed the company's largest-ever acquisition.

US resurgence takes shine off yellow metal

[2015-03-12 08:24]

Gold prices have swung into defensive mode on fresh signs of resurgence in the US economy, wilting the metal's safe haven appeal. Traders foresee further downside potential as stronger-than-expected economic data argue for an earlier rise in US interest rates.

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