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Strike over pension reforms and tax hikes paralyses Greece

  Athens / AFP Public transport ground to a halt in Greece as trade unions launched a 48-hour general strike against government plans to overhaul pensions and increase taxes, as demanded by international creditors. No trains were running across the country, and boats linking the Greek mainland to the islands were anchored at ports. In the capital Athens, the metro, ...

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Pound bears looks to data, BOE after ending 3-week rally

  Bloomberg Pound bears who have made the British currency the worst performer among developed nations in 2016, will have a raft of economic data and a Bank of England policy statement next week to help them assess whether gloom is still justified. Bulls retreated, as sterling snapped a three-week gain versus the dollar that was driven by easing concern ...

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Italian bonds pressured as focus turns to peripheral nations’ woes

  Bloomberg Government bonds from the euro region’s so-called peripheral nations may further underperform German securities with a banking crisis in Italy and political gridlock in Spain far from being resolved. While euro-area sovereign bonds are supported by the European Central Bank’s €80 billion ($91 billion) a month asset-purchase program, domestic solvency worries are back in focus. Even as Italian ...

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