Legal & Regulatory

Visa and Mastercard

Foreign access to China's card clearing market next August: report

Chinese regulators will allow foreign firms access to the yuan-denominated credit card clearing business from August next year, Hong Kong's South China Morning Post newspaper reported on Saturday.

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F-35 Fighter Jet

Lack of mechanics threatens U.S. Air Force target date for F-35

The U.S. Air Force may miss its target of August 2016 to start using the Lockheed Martin Corp F-35 fighter jet in combat if Congress blocks the service's plan to retire its A-10 tank-killer aircraft, a top U.S. general said Thursday.

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Russia and Ukraine gas talks

Ukraine, Russia, EU agree to natural gas supply deal

Ukraine, Russia and the European Union signed a deal on Thursday on the resumption of Russian natural gas supplies to Ukraine for winter after several months of delay during the conflict in Ukraine.

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OECD

Fifty-one countries sign OECD pact to tackle tax cheats

Finance ministers and tax chiefs from 51 countries signed an agreement on Wednesday to automatically swap tax information, which Germany's finance minister said heralded the end of tax evasion via secret bank accounts.

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U.S. Federal Reserve

Fed ends bond buying, shows confidence in U.S. recovery

The Federal Reserve on Wednesday ended its monthly bond purchase program and dropped a characterization of U.S. labor market slack as "significant" in a show of confidence in the economy's prospects.

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France's 2015 Budget Project

EU provisionally clears French, Italian budgets after tweaks

The European Commission provisionally accepted the budgets of France and Italy, saying on Tuesday that no euro zone states had submitted deficit plans for next year that seriously breached EU rules for fiscal stability.

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U.S. Federal Reserve

Fed awards $219 billion of term deposits

The Federal Reserve awarded $219.114 billion of seven-day term deposits to banks, a record amount, at a test auction held on Monday, it said in a statement on Tuesday.

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Hungarian protest

Around 100,000 Hungarians rally for democracy as internet tax hits nerve

About 100,000 Hungarians rallied on Tuesday night to protest at a planned tax on data traffic and the broader course of Prime Minister Viktor Orban's government they saw as undermining democracy and relations with European Union peers.

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Statue of European Unity

ECB covered bond buying plan starts with a whimper

The European Central Bank spent 1.704 billion euros last week on covered bonds under a new purchase program with which it hopes to foster lending to businesses and thereby support the euro zone economy.

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marijuana dispensary

U.S. senator supports pot legalization in Oregon

A Democratic U.S. Senator from Oregon supports legalizing the recreational use of marijuana and will vote “yes” to a state initiative next week that would let adults consume pot for fun, his office said on Monday.

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Sugar

U.S., Mexico reach deal to avert sugar import duties

Mexico and the United States reached a deal on Monday to avert potentially steep duties on Mexican sugar imports to the United States in talks that went down to the last minute.

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Chrysler auto dealer

U.S. safety regulators probe Chrysler Ram pickup recalls

U.S. safety regulators have opened an investigation of Chrysler Group's handling of two recalls for potential steering issues affecting nearly 1 million Dodge Ram pickup trucks in the United States.

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President Xi Jinping

China bans private clubs in parks, historical buildings in graft crackdown

China has banned private clubs in historical buildings, parks and other public facilities because they are hindering the fight against corruption, state media said on Monday, as the government broadens its anti-graft and frugality campaigns.

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Yoichi Miyazawa

Japan trade minister got funds from foreign-owned firm, returned

Japan's new trade and industry minister received contributions from a firm in which foreign investors held a majority stake, but was not aware of the possible violation of the political funds law at the time and has returned the money, an aide said on Monday.

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Amazon's logistics centre

German Amazon workers called to strike in pay dispute

Labor union Verdi has called on workers at online retailer Amazon (AMZN.O) to go on strike at five locations across Germany, as a row over pay and conditions continues.

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