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Trump mocks Romney on ‘trickle-down racism’ jibe

  Bloomberg Donald Trump returned to the combative form that helped him win the US Republican presidential nomination, slamming Democrats, calling for his party to unite behind him, and responding to Mitt Romney’s suggestion that his election could lead to “trickle-down racism.” At a rallyin Tampa, Florida, the presumptive Republican nominee termed himself “the least racist person that you have ...

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Defend freedom, says Philippines’ Aquino to citizens

  Manila / AFP Philippine leader Benigno Aquino called on his countrymen on Sunday to fight attempts to take away their freedoms as he prepared to hand over power to president-elect Rodrigo Duterte, who has vowed to kill tens of thousands of criminals. Duterte won last month’s elections in a landslide largely on a pledge to suppress what he said ...

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2 Guatemalan ex-ministers arrested for corruption

  Guatemala City / AFP Two former top Guatemalan cabinet ministers were arrested on corruption charges stemming from their tenure in the government of jailed ex-president Otto Perez, the Central American country’s attorney general said. They are alleged to have used their positions to illegally raise money that then was spent on lavish birthday gifts for Perez. The gifts allegedly ...

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Mallya’s assets worth Rs 1,411 crore seized

  New Delhi / Tribune News Service The Enforcement Directorate (ED) said it has attached properties worth Rs.1,411 crore of business tycoon Vijay Mallya and his company United Breweries (Holding) Ltd in a case of alleged diversion of Rs.430 crore from an IDBI Bank Ltd loan to his Kingfisher Airlines Ltd to purchase properties overseas. ED, on its Twitter account, ...

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5 private hospitals in India fined Rs700cr

  New Delhi / Tribune News Service The Delhi government fined five prominent private city hospitals Rs 700 crore for not treating poor patients as mandated by the law, underscoring the scanty healthcare options available to the Capital’s economically weaker sections (EWS). Government rules stipulate 10% of all patients admitted to private hospitals must be poor and treated free of ...

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China stock market burns investors with boom-and-bust

Shanghai / AFP Small-time investor Tracy Li lost more than $3,000 of her hard-earned salary from working at a bank after China’s stock market crashed last summer, wiping out trillions of dollars in valuations in just days. A year later, and she has been burned twice, betting government intervention to prop up the market after the rout would guarantee good ...

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Gulf stocks drop as uncertainty plagues emerging-market assets

  BLOOMBERG Dubai stocks led a retreat across Gulf Arab equities, tracking declines in emerging markets as investors brace for a series of key global events including this week’s Federal Reserve meeting and MSCI Inc.’s annual market-classification review. The DFM General Index retreated 1 percent, the steepest drop since June 2. Emaar Properties PJSC, the developer with the largest weighting ...

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LatAm’s worst bank stock offers max potential returns

  Bloomberg Itau Corpbanca is the Latin American lender that offers investors the juiciest potential returns, equity analysts say. It’s also the worst performer in the region as investors ignore buy recommendations and wait for a recovery in its earnings. Itau Corpbanca’s 12-month average target price is 31 percent above the current price, the largest difference among 27 Latin American ...

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