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Stocks Gain, Dollar Softens as Peak Inflation Bets Rise

European markets nudge higher, SP futures climb Yen adds to week39;s huge rally, dollar on back foot Oil prices try for a fourth straight day of gains LONDONSYDNEY, Dec 22 Reuters The dollar softened against major currencies and European stocks ticked higher on Thursday as easing U.S. inflation expectations reinforced investor confidence of a let […]
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Amazon Reaches Settlement in Three EU Antitrust Cases

BRUSSELS, Dec 20 Reuters Amazon on Tuesday reached a settlement with the European Union in three antitrust probes after the U.S. online retailer addressed the EU39;s concerns over its use of sellers39; data, saving it from a fine of up to 10 of its global turnover. In the first case, Amazon faced charges of using its […]
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Russias BailedOut Otkritie Bank to be Sold to VTB

MOSCOW, Dec 22 Reuters The Bank of Russia on Thursday said it had agreed to sell bailedout Otkritie Bank to the country39;s No.2 lender, stateowned VTB, for 340 billion roubles 4.7 billion. The deal consists of 233 billion roubles in cash and the remainder in OFZ treasury bonds, the central bank said. The central bank […]
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Most Gulf Markets Firm on Rising Oil Prices

Dec 22 Reuters Most major stock markets in the Gulf rose in early trade on Thursday, as oil prices extended gains for a fourth session although global economic concerns limited gains. Saudi Arabia39;s benchmark index edged 0.1 higher, helped by a 0.3 increase in oil giant Saudi Aramco. Oil prices a key catalyst for the Gulf39;s […]
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AMC Abandons Talks to Acquire Bankrupt Cineworlds Theaters

Dec 21 Reuters Cinema chain AMC Entertainment Holdings said on Wednesday it was no longer in talks to acquire some theaters owned by now bankrupt Cineworld Group following initial discussions with some lenders. AMC said the earlier talks were focused on the acquisition of certain theater assets of Cineworld in the United States and Europe, which would […]
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U.S. Current Account Deficit Shrinks in Third Quarter

WASHINGTON, Dec 21 Reuters The U.S. current account deficit narrowed sharply in the third quarter as exports jumped to a record high, data showed on Wednesday. The Commerce Department said that the current account deficit, which measures the flow of goods, services and investments into and out of the country, contracted 9.1 to 217.1 billion […]
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