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  Bloomberg China will face more frequent liquidity shocks this year, according to the manager of the nation’s biggest money-market fund, which plans to hold extra cash to protect against the risk of rising redemptions. The government’s efforts to curb risk in the financial system and support the sliding yuan are likely to ‘over-stretch a rope that’s already tight,’ said ...

  ISTANBUL / AP Turkey’s currency has weakened to an all-time low against the dollar as parliament debates constitutional amendments that would hand the president sweeping executive powers and, critics say, limit checks and balances. The value of the Turkish lira has dropped nearly seven percent against the dollar since the start of the year. On Tuesday, it was trading ...

  RIYADH / Reuters Saudi Arabia has hired HSBC as financial advisor for its plans to privatise construction and management of school buildings, as it seeks to cut state spending in an era of low oil prices, a Saudi executive said on Tuesday. Tatweer Buildings Co, a state-owned firm affiliated with the Ministry of Education, aims to begin offering public-private ...

  Bloomberg The appetite for Australian banks to fund in the local bond market shows little sign of abating, with Commonwealth Bank of Australia selling A$2.65 billion ($1.95 billion) of notes less than two weeks into the new year. The deal is the earliest benchmark-sized local transaction from one of the country’s four largest banks since 2009 and follows a ...

  Singen / DPA Visit Alexander Fluegler at his house in Germany and you can’t help noticing one thing straight away — family and his Yenish ethnicity are vital to him. The walls of his home office are covered in photographs; Fluegler with his wife, Fluegler with his children, Fluegler with relatives, friends, elderly people, and young people. All beam ...

  DPA Coach Christa Osman wraps a tape measure around the player’s considerable girth and pronounces: “Dave Jones, waist size 14 centimetres less than three months ago.” It’s part of the pre-match ritual in the English town of Colchester, about a two-hour drive north-east of London. Ten shorts-and-jersey-clad men, ranging in build from very stocky to heavily overweight, have gathered ...

  Bloomberg Egypt’s urban consumer prices rose the fastest in at least six years in December, fueled in part by a 28.3 percent increase in food costs following the central bank’s decision to abandon currency controls two months ago. Annual urban inflation accelerated to 23.3 percent in December, while the monthly rate quickened to 3.1 percent, according to the state-run ...

  Bloomberg Total SA agreed to buy a stake in a project in Uganda from Tullow Oil Plc for $900 million as a recovery in crude prices accelerates the pace of deals in the energy industry. French oil major Total will acquire a controlling stake in the Lake Albert development, the companies said on Monday in separate statements. Total will ...

  Bloomberg Oil dropped the most in more than five weeks in New York amid concern about Iraqi compliance with OPEC production cuts. West Texas Intermediate futures fell 3.8 percent. Iraq’s oil exports from its southern ports in the Gulf reached a record high in December, Oil Minister Jabbar Al-Luaibi said in an e-mailed statement. Gulf oil producers Saudi Arabia, ...

  Bloomberg Iraq plans to raise crude exports from its southern port of Basra to an all-time high in February, keeping exports high even as OPEC production cuts take effect this month. The country’s State Oil Marketing Company (SOMO) plans to export 3.641 million barrels per day (bpd) of crude in February, according to trade sources and preliminary loading schedules ...