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Defiant Gabon president hits back at EU poll criticism

  Paris/ AFP Gabon’s Ali Bongo on Wednesday rejected criticism of his disputed presidential election victory, accusing EU observers of bias towards his rival and insisting that only the country’s top court could order a recount. Oil-rich Gabon has been in turmoil since the August 27 poll, in which Bongo’s rival Jean Ping also claimed victory. Several people have been killed ...

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China’s big banks see workforce decline

  Bloomberg China’s four biggest banks reported that staff numbers fell by the most in at least six years in the first half, highlighting the possibility that employment has peaked at the firms that are the world’s biggest providers of banking jobs. A decline of 1.5 percent from the end of last year left 1.62 million workers at Agricultural Bank ...

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Malaysia pauses after surprise July rate cut

  Bloomberg Malaysia’s central bank left its benchmark interest rate unchanged following July’s surprise cut, as policy makers wait to see if the government will adopt additional stimulus measures in its budget next month. Bank Negara Malaysia kept the overnight policy rate at 3 percent, it said in a statement in Kuala Lumpur Wednesday. The decision was predicted by 14 ...

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