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The slow, painful death of the media’s cash cow

  What do you do when you’ve been given a death sentence? Do you live your remaining time to the fullest, or do you spend that time taking long-shot chances at a cure? No, this isn’t a column about cancer. It’s a column about businesses whose core industries are doomed. The perennial staple of such discussions is the venerable buggy-whip ...

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Mammoth bond issue boosts Saudi, Egypt rebounds

  DUBAI / Reuters Saudi Arabia’s stock market rose sharply on Thursday as banks rallied after the kingdom’s mammoth international bond sale, which could help to unclog liquidity bottlenecks in the economy. Egypt bounced as investors bought into recent dips. The Saudi index gained 2.3 percent in sharply higher turnover as all but one of the banks advanced, with Samba ...

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European equities aim higher before ECB move

  London / AFP Stock markets in Europe trod higher on Thursday ahead of an eagerly-awaited monetary policy decision by the European Central Bank. Frankfurt and Paris both rose 0.2 percent ahead of the interest rate call due at 1145 GMT, while London flatlined on news of steady retail sales for September. ECB chief Mario Draghi is likely to prep ...

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