China issues blueprint for state industry overhaul

China’s Communist Party has issued a long-awaited blueprint for overhauling bloated state industries even as it aims to retain the party’s dominance in the economy. The plan comes at a

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World markets stage mixed comeback

Battered world financial markets attempted to reclaim lost territory Wednesday with mixed success. In Asia, Tokyo’s benchmark Nikkei 225 index gained 570.13 points, or 3.20%, closing at 18,376.83. The broader

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Even in defeat, Greece sends powerful message to Europe

The deal agreed to Monday between Greece and its creditors was hard fought, and even if Athens did not come out on top, the lengthy negotiations call to mind another

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European leaders meet on whether to rescue Greece or cut it loose

The leaders of the 19 nations that use the euro debated Sunday whether to rescue Greece from the brink of financial ruin or cut the country loose from the currency

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Stocks surge on Greek debt deal optimism; Nasdaq hits record

Stocks surged Monday as a relief rally around the globe is underway that sent the Dow up more than 100 points and the Nasdaq to an all-time record high. Stock

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Greece and creditors meet Monday in 11th-hour bid to avoid default

Greece and its eurozone creditors are scheduled to meet Monday in a last-ditch effort to avert a default that could shake global financial markets and result in the debt-plagued country’s

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Air seeps out of Chinese stock ‘bubble’

The mainland Chinese stock market, which had gained more than 150% in a year’s time, prompting bubble warnings, seems to be deflating, as shares dipped 13.3% this week. The Shanghai

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Wait continues for easier access to mainland China shares

Want an easier way to invest in  shares of Mainland China stocks? Well, that day is getting closer, but investors will have to wait a little bit longer. Currently, American

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Deutsche Bank agrees to $55M SEC penalty

Deutsche Bank agreed to pay $55 million Tuesday to settle allegations the German banking giant mis-stated paper losses of at least $1.5 billion during the global financial crisis. The U.S.

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One year later, India’s economy brightens under Modi

When Narendra Modi became prime minister a year ago on a promise to revive India’s once-sparkling economy, inflation was running at 9% and economic growth had slowed to less than

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