Qatar to weigh raising Deutsche Bank stake to upto 25%

  Bloomberg Qatar’s royal family is considering increasing its stake in Deutsche Bank AG to as much as 25 percent, according to people with knowledge of the matter. Sheikh Hamad Bin Jassim Bin Jabr Al Thani, former Prime Minister of the Gulf State, and the former Emir of the country, Sheikh Hamad bin Khalifa Al Thani are exploring increasing their ...

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Africa could be significant LNG importer by 2025

  CAPE TOWN / Reuters Africa could become a significant global market for imported liquefied natural gas (LNG) by 2025, with Egypt the main driver, as more countries eye gas-to-power projects, a senior official at Total said on Tuesday. With hundreds of millions of people living without electricity in the world’s poorest continent, African countries are increasingly turning to gas ...

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Britain backtracks over listing foreign workers

  London / AFP The British government stepped back on Sunday from a plan to make employers list their foreign workers as it talks tough on immigration following the Brexit vote, after a backlash among business leaders. “We are not going to be asking companies to list or name or publish or identify their foreign workers,” Defence Secretary Michael Fallon ...

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May seeks to charm EU states as opposition to hard Brexit mounts

  Bloomberg U.K. Prime Minister Theresa May will begin a diplomatic offensive on Monday amid mounting international concern and domestic opposition to her so-called hard Brexit rhetoric for leaving the European Union. May will go to Denmark and the Netherlands for talks with other EU leaders as comments suggesting that her priority will be to curb immigration spurred concern of ...

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Merck’s drug succeeds in lung cancer test, could become standard

  Bloomberg Merck & Co.’s cancer treatment Keytruda was almost twice as successful at shrinking lung cancer tumors than a standard chemotherapy regimen, a study of the drug in previously untreated patients found. In the 123-patient study, 55 percent of those on Keytruda plus two chemotherapy drugs saw their tumors get smaller, compared with 29 percent on just the chemotherapy ...

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Sweden’s $34bn pension fund can’t be happier out of bonds

  Bloomberg Unlike many pension investors, Sweden’s 300 billion-krona ($34 billion) AP7 fund, can to a large extent stay away from the bond markets. It’s manager, Richard Grottheim, is remarkably positive. As political risk mounts in Europe and the U.S., and as central banks are greasing financial markets with ever more free cash, Grottheim says it will likely all work ...

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Ditch the ‘Hard Brexit’ fallacy

  Will Brexit be hard or soft? The question preoccupies British politicians and commentators — not to mention global currency markets, if the sharp fall in sterling this week is any guide. Despite its command of the discussion, however, this hard-or-soft framing is unhelpful. It’s best dropped altogether. Sterling slumped after Prime Minister Theresa May announced on Oct. 2 that ...

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Clinton’s lead doesn’t depend on a debate

  General-election debates rarely cause major changes in voters’ choices. That’s what political scientists believe for the most part. Yet after the first presidential debate, on Sept. 26, Hillary Clinton moved back into a strong lead over Donald Trump. Indeed, according to the FiveThirtyEight forecasts, her chances of winning bottomed out on that very day (at 55 percent), and have ...

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Mixed US jobs report won’t be Fed tiebreaker

There had been hope the U.S. jobs report for September released on Friday would show faster wage growth and a rising labor participation rate. It had both, though the data was otherwise mixed. After the disappointing drop for August, wage growth picked up to an annualized rate of 2.6 percent in September. Along with an increase in the number of ...

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Protectionism calls for global coordination

  The world is in the grip of surging protectionism. The anti-free trade and anti-globalization sentiments are taking deep roots. Populism is swaying the masses. The odds seem to be conspiring against an already fragile economic growth. International Monetary Fund (IMF) warns of “low growth trap” in the next few years. Despite warnings and calls to stop the tide of ...

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