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European stocks rally on hopes of Slovakia vote switch

European stocks rose and the euro hit a three-week dollar high on Wednesday as markets expected Slovakia to eventually back expansion of a eurozone bailout fund despite lawmakers voting against it. Traders shrugged off disappointing results from aluminium producer Alcoa, which kicked off the US earnings season overnight. After falling at the start of trading…

Eurozone economy ‘goes into reverse’

The eurozone economy flipped into reverse in September, falling to its worst level in more than two years, a closely-watched survey showed on Wednesday. Ahead of new growth figures expected to show the debt-laden currency area slipping towards recession, the final Eurozone Composite Output Index compiled by London-based researchers Markit…

Warnings mount on euro crisis, credit crunch

FRANKFURT/OTTAWA (Reuters) – The euro currency project is in danger due to member states’ runaway spending and the resulting sovereign debt crisis, a European Central Bank study warned on Thursday amid mounting global calls on Europe to take more decisive action. The study, perhaps the most strongly-worded warning about the…

US attendees at ‘world government’ meeting may be breaking law: activists

Activists protesting outside this year’s meeting of the secretive Bilderberg Group say American citizens attending the meeting may be breaking the law. The 56-year-old group, which hosts some of the world’s most influential financiers and politicians on annual basis, is alleged to have been the driving force behind the launch…

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