Economy

Economy

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  Lithuania shivers as Russia ramps up heating costs

  To save money during the harsh Baltic winter, Romanas Ziabkinas did something unremarkable: He turned off his central heating and installed a cheaper ... 

• Cypriot gov't, auditors differ on bank needs

  Cyprus' finance minister says the government's estimates of how much the country's ailing banks need in rescue money still "differ greatly" from those ... 

• Spain's jobless just short of 5 million in January

  The number of people registered as unemployed in Spain is bordering on 5 million as the country remains mired in recession. Labor Ministry figures ... 

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  Berlusconi: if I win, Italians get home tax back

  Media mogul Silvio Berlusconi on Sunday promised Italians that if they vote him back into office, he will abolish an unpopular tax on primary ... 

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  China poised to control strategic Pakistani port

  China is poised to take over operational control of a strategic deep-water Pakistani seaport that could serve as a vital economic hub for Beijing and ... 

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  Report: US job market looks surprisingly strong

  The U.S. job market is proving surprisingly strong and raising hopes that the economy will be resilient enough this year to withstand a budget ... 

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  Shot Armenia presidential hopeful seeks vote delay

  The shooting of a presidential candidate threw Armenia's election into disarray Friday, with the wounded victim saying he will call for a delay of the ... 

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  Germany warns euro crisis not over

  Europe's efforts to solve its debt troubles won a vote of confidence Friday from the chairman of China's sovereign wealth fund, but Germany's finance ... 

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  Signs of firm US recovery trigger market gains

  Evidence that the U.S. economic recovery is firmly on track drove markets higher on Friday, adding to the cheer from good economic indicators out of ... 

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  Dutch state nationalizes SNS Reaal bank

  The Netherlands nationalized its fourth-largest bank on Friday, injecting €2.2 billion ($3 billion) to recapitalize SNS Reaal NV and head off any ... 

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  Spanish economy minister to testify in bank probe

  Spain's Economy Minister Luis de Guindos has been called by the National Court to testify in a probe into alleged fraud at one of the country's major ... 

• Rare good news for eurozone economy

  Mention it quietly, but there were rare hopeful signs for Europe's struggling economy on Friday. Three pieces of economic news for the 17 European ... 

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  Greek dock workers extend strike

  Greek dock workers extended a 48-hour strike for a further two days on Friday, leaving ferries tied up in port over the weekend, while Athens doctors ... 

• Oil slips closer to $97 ahead of US jobs report

  The price of oil slipped to near $97 a barrel on Friday after figures showed weak growth in China's manufacturing sector and as investors awaited a ... 

• Asia stock markets mixed on US jobless data

  Asian stock markets were mixed Friday after a weak jobs report from the U.S. unnerved some investors, although losses were stanched by Wall Street's ... 

• China companies plan to step up Europe investment

  Chinese companies plan to step up investment this year in Europe, which some see as more welcoming than the United States, a European business group ... 

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  Latvia takes big step to joining euro

  Unemployment, recession, debt, crisis and bailouts: These have been the sort of words that have been associated with the euro currency over the past ... 

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  LVMH cashes in on rising luxury goods demand

  French luxury conglomerate LVMH Moet Hennessy Louis Vuitton confirmed Thursday that it's recession-proof: Net profit rose 12 percent last year, as ... 

• Q4 profit up to $543 million for Spain's Santander

  Spain's Banco Santander says it made a net profit of €401 million ($543 million) for 2012, up from €47 million for the same period a year earlier, but ... 

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  Greek doctors, public transport workers on strike

  Greek doctors, port workers and public transport staff in the country's capital walked off the job Thursday in strikes against deeply unpopular ... 

• Oil prices stay near $98 ahead of US jobs data

  Oil prices hovered near $98 a barrel Thursday, close to four-month highs, as traders waited for more economic indicators from the U.S. By early ... 

• NATO chief says security, economy are linked

  NATO's chief says the economic crisis could threaten the national security of members of the military alliance, and he's urging them to maintain ... 

• German unemployment sees seasonal rise in January

  Germany's unemployment rate increased to 7.4 percent in January as the country was hit by harsh winter weather, but seasonally adjusted jobless ... 

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  In Vietnam, rage growing over loss of land rights

  Faced with a group of farmers refusing to give up their land for a housing project, the Communist Party officials negotiating the deal devised a ...