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The Weekend Buzz with Host Dr Tania Shaikh (31, January, 2016)

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Iran pushes OPEC oil output to new high as sanctions are lifted

LONDON: OPEC oil production has jumped to its highest in recent history in January as Iran increased sales following the lifting of sanctions and its rivals Saudi Arabia and Iraq…

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Xerox to split into two companies, Icahn to get board seats on one

Xerox Corp will split into two companies, one holding its legacy printer operations and the other its business process outsourcing unit, it said on Friday, in a bid to be…

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GM pitches new product strategy to skeptical investors

DETROIT: General Motors Co executives used to boast about how frequently the company redesigned cars and trucks. Now, the automaker wants to double the lifespan of vehicle platforms as part…

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Who’s afraid of the big bad recession? We all are

LONDON: If there were any suggestion that the fears that have gripped stock markets since the start of 2016 were the isolated stuff of paranoid financial investors, that evaporated with…

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Hedge fund clients look to global macro funds for profit in 2016

BOSTON: As 2016 shapes up to be even more unpredictable than last year, wealthy investors are planning to allocate more of their money to hedge funds focusing their bets on…

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Oil to average just over $40 in 2016, biggest cut to forecasts in a year

Oil prices will average just over $40 this year, the biggest cut to monthly forecasts in a year, as an influx of Iranian barrels hits an already-saturated world market, a…

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Euro zone inflation ticks up, won’t stop ECB loosening policy further

BRUSSELS/FRANKFURT: Euro zone inflation ticked up in January, only modest relief for the European Central Bank which is still likely to cut rates again as price growth could turn negative…

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Global funds dump US stocks and bonds amid January storm: poll

LONDON: Global investors cut their US equity and bond holdings in January, a Reuters poll of fund managers showed on Friday, as the S&P 500 .SPX suffered its worst January…

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Japan fund undecided on Sharp; Foxconn reportedly ups offer

TOKYO: A Japanese state-backed fund said on Friday it had yet to decide on its potential rescue plan for Sharp Corp, while a media report said Taiwan’s Foxconn had raised…

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