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Turkish assets buck global rally as violence flares on border

Bloomberg Turkish stocks declined the most in the world and the lira slid after an eruption of violence on the border with Syria triggered concern security risks were escalating. The Borsa Istanbul 100 Index fell 1.5 percent, the most among more than 90 gauges tracked globally by Bloomberg. The currency had the biggest decline in a week as Turkish artillery ...

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Japan economy shrinks in Q4 serving blow to ‘Abenomics’

Tokyo / AFP Japan’s economy contracted in the last quarter of 2015, official data showed on Monday, dealing another blow to Prime Minister Shinzo Abe’s faltering bid to boost growth. The figures will fan talk of fresh Bank of Japan measures, after policymakers shocked markets last month with an unprecedented negative interest rate policy—widely seen as a desperate move to ...

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‘Senators’ urge Polish leaders to uphold democratic norms

Bloomberg Poland’s new leaders are eroding the country’s democratic record through laws that give the government new powers, three US senators said in a letter to Prime Minister Beata Szydlo. The dispatch by Senators John McCain, Benjamin Cardin and Richard Durbin follows an unprecedented move by the European Union’s executive last month to start a probe into whether rule of ...

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