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Gulf Coast Countries

Gulf states need to reform spending as oil price slips: Kuwait

Gulf Arab oil exporters will have to reform their state spending and make cuts in some areas because of weak oil prices, Kuwaiti Finance Minister Anas al-Saleh said on Saturday.

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Russia's President Vladimir Putin (L) shakes hands with Ukraine's President Petro Poroshenko

Ukraine says it agrees on interim gas price with Russia

Ukraine's and Russia's leaders have reached a preliminary agreement on a price for gas supplies this winter but Kiev may need international help to pay, Ukrainian President Petro Poroshenko said on Saturday.

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Germany

Berlin and Paris seek reform proposals to avert policy clash

The German and French economy ministers have asked experts in Berlin and Paris to come up with reform recommendations for both countries in an apparent attempt to avert a full-blown clash between the euro zone heavyweights over economic policy.

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Germany's Minister of Finance Wolfgang Schauble

Euro zone seeks to soften German opposition to stimulus spending

France and Italy will keep pressure on Germany this week to use government money to revive the euro zone's stagnating economy but in a sign of inertia, a promised list of projects to create growth will not be ready until December.

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Bank of China

China's central bank sees 'very low' risk of hard landing

The chance of a hard landing for China's economy is very small in spite of worries about the country's real-estate sector, the chief economist of the People's Bank of China said on Saturday.

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World Bank/IMF annual meetings

World economies warn of global risks, call for bold action

The International Monetary Fund's member countries on Saturday said bold action was needed to bolster the global economic recovery and they urged governments not to squelch growth by tightening budgets too drastically, although Germany poured cold water on the idea of a new global "crisis."

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Egypt's Central Bank Governor Hisham Ramez

Egypt has paid back $500 million to Qatar: central bank governor

Egypt has paid back $500 million to Qatar and will soon return the remainder of the money the Gulf state deposited into the Egyptian central bank after the 2011 revolution, the bank's governor said on Saturday.

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Japan's Prime Minister Shinzo Abe (R) sits with Japan's Deputy Prime Minister and Finance Minister Taro Aso (C) and Japan's Economics Minister Akira Amari

Japan, South Korea finance ministers to meet in Washington on Friday

The finance ministers of Japan and South Korea will hold their first bilateral meeting in nearly two years on Friday, on the sidelines of this week's autumn IMF gathering in Washington, the Japanese Ministry of Finance said.

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Viktor Yanukovich and Vladimir Putin

As Ukraine's debt tangle unwinds, Russia holds key thread

A selloff on Ukraine's dollar debt is focusing attention on a controversial $3 billion bond held by Russia, raising investor concerns that President Vladimir Putin could use the issue to trigger a cascade of defaults across Kiev's sovereign Eurobonds.

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Protest in Greece

Greek PM announces cuts to crisis-era taxes

Greek Prime Minister Antonis Samaras announced cuts on Saturday to unpopular taxes introduced at the height of Greece's debt crisis, in a bid to show that over four years of austerity are finally nearing an end.

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Greece

Greece sees return to growth in the third quarter

Greece expects its economy to grow in the third quarter, its first quarterly expansion since the start in 2008 of a crippling recession that has wiped out nearly a quarter of GDP, its finance minister said on Saturday.

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Russia's Orthodox Cathedral

Police arrests over 380 people in Moscow Sunday riot

More than 380 people were arrested in a race riot that occurred Sunday in Moscow.

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BCP Bank CEO Nuno Amado

European Commission approves BCP restructuring plan

The European Commission approved the restructuring plan of BCP, Portugal's largest listed bank.

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The Greek Flag

Greece recession remains critical

Greece's economy still critical despite slight improvement.

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al-Qaeda bombing

US issues worldwide travel alert after citing al-Qaeda's threat

The US State Department announced an international travel alert for terrorist attacks in the Middle East, North Africa and South Asia.

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