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Prosecutors probe Deutsche Bank for Italian debt sale

  MILAN / AP-BLOOMBERG Italian prosecutors are investigating top former Deutsche Bank management on suspicion of market manipulation related to the sale of €7 billion of Italian government bonds in 2011. News agency ANSA reported that financial police have taken depositions and seized documents in Deutsche Bank’s Italian headquarters in Milan in recent days. Deutsche Bank, based in Frankfurt, Germany, ...

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Loans rattle Belarus banks as economy downslides

  Bloomberg The Belarusian central bank warned that the financial industry is under increasing strain from a buildup in overdue loans as company profits suffer during an economic contraction. “We are facing an accelerated manifestation of accumulated credit risks,” central bank Chairman Pavel Kallaur said at a news conference in the capital, Minsk. “The difficult situation in the real sector ...

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Japan’s Honda Estilo shapes Austrian small-town soccer team

  Horn, Austria / DPA There is nothing very Asian about the quiet little Austrian town of Horn. It is surrounded by rolling hills and forests, and like any respectable central European town, it boasts a medieval church, old buildings with red-tile roofs, and the manor-house of a local noble family. But when you enter the stadium of the Horn football ...

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